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MODULE 19
LESSON 19.45
SALES TAX RETURNS
Appointment of Officer of Sales Tax Sec 30
 A collector of Sales Tax
 A Collector of Sales Tax (Appeals)
 An additional Collector of Sales Tax
 A Deputy Collector of Sales Tax
 An Assistant Collector of Sales Tax
 A Superintendent of Sales Tax
 An officer of sales tax with any other designation
Offences and Penalties
Offences
Penalties
Any person fails to furnish
Rs 5,000
a return within the due
Date.
Any person who fails to
issue an invoice
Rs 5,000 or 3%
of the amount
of tax involved,
whichever is
higher
A person who fails to deposit
the amount of tax due.
Rs 10,000 or
5% of the
amount of tax
involved,
whichever is
higher
A person who fails to apply
for registration before
Rs 10,000
making taxable supplies.
or
5% of the
amount of tax
involved,
whichever is
higher
A person who fails to maintain
records
Rs 10,000
or
5% of the
amount of tax
involved,
whichever is
higher
A person who submits a false
or forged document to any officer
of sales tax
Rs 25,000
or
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100% of the
amount of tax
involved,
whichever is
higher
Appeals:
Powers of adjudication are vested in the following officers:
Additional Collector Cases falling under sub-section (2) of section 11 and section 36 without any
restriction as to the amount of tax involved or amount erroneously refunded.
Deputy Collector
(a) Cases falling under sub-section (1) of section 11
(b) Cases falling under sub-section (2) of section 11 and section 36 provided that the amount of
tax involved or the amount erroneously refunded exceeds one million rupees, but does not
exceed two and a half million rupees.
Assistant Collector
Cases falling under sub-section (2) of section 11 and section 36 provided that the amount of tax
involved or the amount erroneously refunded exceeds ten thousand rupees, but does not exceed one
million rupees.
Superintendent
Cases falling under sub-section (2) of section 11 and section 36 provided that the amount of tax
involved or the amount erroneously refunded does not exceed ten thousand rupees.
An officer of sales tax with any other designation
Such cases as may be notified by the Board:
CBR and Collector may at its own motion call for and examine the record of any departmental proceedings.
Appeal to collector of Sales Tax (Appeals) Sec 45 b
Appeal may be filed by any person other than officer of sales tax within 30 days of the date of receipt of
such decision or order against which appeals is proffered.
Appeals to Appellant Tribunal:
(1) Any person including an officer of Sales Tax not below the rank of an Additional Collector (words "
the Sales Tax Department" substituted by Finance Act 2006), aggrieved by:
a.  any order passed by the Collector under sub-section (4) of section 45A or (words inserted by
Finance Act 2005.) the Collector of Sales Tax (Appeals) under section 45B; and
b. Any order passed by the Board or the Collector of Sales Tax under section 45A, may, within sixty
days of the receipt of such decision or order, prefer appeal to the Appellate Tribunal.
(2) The Appellate Tribunal may admit an appeal preferred after the period of limitation specified in sub-
section (1) if it is satisfied that there was sufficient cause for not presenting it within the specified
period.
(3) The appeal shall be accompanied by a fee of one thousand rupees paid in such manner as the Board
may prescribe.
(4) The Appellate Tribunal, after giving the parties to the appeal, an opportunity of being heard may pass
such orders in relation to the matter before it as it thinks fit:
 Provided that when any such order amounts to an interim order staying the recovery of tax, such order
shall cease to have effect on the expiration of a period of six months following the day on which it is
made unless the case is finally decided, or the interim order is withdrawn by the Tribunal earlier:
Provided further that such interim order or orders, as the case may be, shall cease to have effect on the
expiration of a total period of six months following the day on which the first interim order is made,
unless the case is finally decided, or the interim order is withdrawn by the Appellate Tribunal earlier.
Order under this section shall be passed within six months of the filing of appeal.
Reference to High Court
(1) Within ninety days of the communication of the order of the Appellate Tribunal under sub-section (5)
of section 46, the aggrieved person or any officer of Sales Tax not below the rank of an Additional
Collector may prefer an application in the prescribed form along with a statement of the case to the
High Court, stating any question of law arising out of such order.
 A reference to the high court under this section shall be heard by a bench of not less than two judges of
the high court.
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MODULE 20
LESSON 20.45
CAPITAL VALUE TAX (CVT)
PROCEDURE FOR LEVY & COLLECTION OF CAPITAL VALUE TAX
CAPITAL VALUE TAX RECOVERY & REFUND RULES
Capital Value Tax was levied with effect from 1st July, 1989 on the capital value of assets.
This is payable by every individual, association of persons, firm or a company which acquires by purchase
gift, exchange, relinquishment, surrender if rights by the owners (whether effected orally or by deed or
obtained through court decree) except by inheritance an asset or a right to the use thereof for more than
twenty years. An asset or a right to the use thereof for more than twenty years.
Levy of tax on Capital Value of certain assets:
 Capital value tax shall be payable by
Individual
Association of persons, firm or
A company which acquires by:
Purchase
Gift
Exchange
Power of attorney
Surrender of rights
Relinquishment of rights by the owner
Exceptions: when capital assets acquired by:
Inheritance
Gift from spouse, Parents, Grand parents, a brother and a sister
An asset or a right to use thereof for more than 20 years
Capital value tax shall be payable at the rates specified in sub section of 2 of Section 7
Explanation of certain "Expressions"
 "association of persons" and "firm" shall have the same meaning as contained in the Income Tax
Ordinance, 1979 (XXXI of 1979); and
"company" shall have the same meaning as defined in the Income Tax Ordinance, 1979 (XXXI of
1979);
 "development authority" means an authority formed by or under any law for the purposes of
development of an area and includes any authority, society, agency, trust, association or institution
declared as development authority by the Central Board of Revenue by a notification in the official
Gazette; and
"registration authority" means the person responsible for registering or attesting the transfer of the
asset or of the right to use thereof for more than twenty years, and in the case of a development
authority or a cooperative society, its principal officer.
 "Urban area" means area falling within the limits of:
The Islamabad Capital Territory;
A cantonment board; or
A municipal body;
In case of Karachi up to 40 kilometers from the outer limit of municipal or cantonment limits;
In case of Lahore and Faisalabad up to 30 kilometers from the outer limit of municipal or
cantonment limits;
In other cases, up to 10 kilometers from the outer limits of municipal bodies or cantonment boards;
and
Includes areas defined as such in the Urban Immovable Property Tax Act, 1958 and such areas as
the Central Board of Revenue may, for time to time, by notification in the official Gazette specify.
Capital Value Tax-- Tax Rates
Motor vehicles:
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Capital Value Tax shall be payable on purchase of motor vehicles, not previously used in Pakistan, at the
following rates:
Motor vehicle of an engine capacity
Tax Rates
Not exceeding 800 cubic centimeters and three wheelers.
Nil
Exceeding 800 cubic centimeters but not exceeding 1000 cubic centimeters
3.75%
Exceeding 1000 cubic centimeters but not exceeding 1300 cubic centimeters
5%
Exceeding 1300 cubic centimeters but not exceeding 1600 cubic centimeters
6.25%
Exceeding 1600 cubic centimeters
7.5%
Immovable property (other than commercial property and residential flats), situated in urban areas,
measuring at list one canal or 500 square yards whichever is less.
Tax Rates
(i) Where the value of immovable Property is recorded.  2% of the recorded value
(ii) Where the value of immovable property is not
Rs. 50 per square Yard of the landed area.
recorded.
Commercial immovable property of any size situated in urban area.
Tax Rates
(i) Where the value of immovable Property is recorded.  2% of the recorded value
(ii) Where the value of immovable property is not
Rs. 50 per square Yard of the landed area.
recorded.
Residential flats with covered areas measuring 1500 sq. feet and above.
Tax Rates
(i) Where the value of immovable Property is
2% of the recorded value
recorded.
(ii) Where the value of immovable property is not
Rs. 50 per square Yard of the landed area.
recorded.
Description
Rate of Tax
Purchase of modaraba certificates or shares of a listed
0.02% of the purchase value
public company.
Imported motor vehicle not plying for hire customs
Landed cost a determined by
authorities.
Motor Vehicle Purchased from a manufacturer in
The price paid by the Purchase.
Pakistan.
Others
As declared by the transferee.
 CVT to be collected by the person responsible for registering or attesting the transfer of the asset.
 In case of purchase of motor vehicle from a manufacturer in Pakistan, CVT shall be collected by the
manufacturer before making the delivery of said vehicle.
 Collector of customs shall collect CVT in case of motor vehicle imported into Pakistan.
 Registered stock exchange in Pakistan shall collect CVT on the purchase value of Modaraba Certificates
or shares of a public company from the resident persons.
 The proceeds of the tax collected shall be credited to the Federal Consolidated Funds under the head
specified by the Federal Government.
 Where any person fails to collect or having collected fails to pay the capital value tax as required, he
shall be personally liable to pay the tax along with additional tax at the rate of 15% per annum for the
period for which such tax or part thereof remains unpaid.
 The Commissioner of Wealth Tax, on an application by the assessee, may revise any order made under
this section.
 The Federal Government may, by notification in the official Gazette, exempt any person or class of
persons or asset or class of assets from the Capital Value Tax.
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Annexure
First & Third
Schedule
THE FIRST SCHEDULE
Part I.
Rates of Tax
Rates of Tax for Individuals and Association of Persons
Division I:
Rate of Tax on certain persons
Division IA:
Rates of Tax for Companies
Division II:
Rate of Dividend Tax
Division III:
Rate of Tax on Certain Payments to Non-residents
Division IV:
Rate of Tax on Shipping or Air Transport Income of a Non-
Division V:
resident Person
Rate of Tax on Income From Property
Division VI:
Part II.
Rates of Advance Tax
Tax on Import of Goods
Part III.
Deduction of Tax at Source
Division I:
Profit on debt
Payments to non-residents
Division II:
Division III:
Payments for Goods or Services
Exports
Division IV:
Income from Property
Division V:
Prizes and Winnings
Division VI:
Division VIA:
Petroleum Products
Petroleum Products [Omitted]
Division VII:
Part IV.
Deduction or Collection of Advance Tax
Transfer of Funds [Omitted]
Division I:
Brokerage Commission
Division II:
Transport Business
Division III:
Electricity Consumption
Division IV:
Division V:
Telephone users
Cash Withdrawal from a bank
Division VI:
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PART I
RATES OF TAX
(See Chapter II)
Division I
Rates of Tax for Individuals and Association of Persons
1.
Subject to clause (1A) the rates of tax imposed on the taxable income of every individual except
a salaried taxpayer or association of persons to which sub-section (1) of section 92 applies
shall be as set out in the following table, namely:
TABLE
S. No.
Taxable income
Rate of
tax
(1)
(2)
(3)
1
Where the taxable income does not exceed Rs.100,000
0%
2
Where the taxable income exceeds Rs.100,000 but does not exceed
0.50%
Rs.110,000
3
Where the taxable income exceeds Rs.110,000 but does not exceed
1.00%
Rs.125,000
4
Where the taxable income exceeds Rs.125,000 but does not exceed
2.00%
Rs.150,000
5
Where the taxable income exceeds Rs.150,000 but does not exceed
3.00%
Rs.175,000
6
Where the taxable income exceeds Rs.175,000 but does not exceed
4.00%
Rs.200,000
7
Where the taxable income exceeds Rs.200,000 but does not exceed
5.00%
Rs.300,000
8
Where the taxable income exceeds Rs.300,000 but does not exceed
7.50%
Rs.400,000
9
Where the taxable income exceeds Rs.400,000 but does not exceed
10.00%
Rs.500,000
10
Where the taxable income exceeds Rs.500,000 but does not exceed
12.50%
Rs.600,000
11
Where the taxable income exceeds Rs.600,000 but does not exceed
15.00%
Rs.800,000
12
Where the taxable income exceeds Rs.800,000 but does not exceed
17.50%
Rs.10,00,000
13
Where the taxable income exceeds Rs.10,00,000 but does not exceed
21.00%
Rs.13,00,000
14
Where the taxable income exceeds Rs.13,00,000
25.00%
Provided that where income of a woman taxpayer is covered by this clause, no tax shall be
charged if the taxable income does not exceed Rs.125,000/-.
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TABLE
S. No.
Taxable income
Rate of tax
(1)
(2)
(3)
1
Where the taxable income does not exceed Rs.150,000
0%
2
Where the taxable income exceeds Rs.150,000 but does not exceed
0.25%
Rs.200,000
3
Where the taxable income exceeds Rs.200,000 but does not exceed
0.50%
Rs.250,000
4
. Where the taxable income exceeds Rs.250,000 but does not exceed
0.75%
Rs.300,000
5
Where the taxable income exceeds Rs.300,000 but does not exceed
1.50%
Rs.350,000
6
Where the taxable income exceeds Rs.350,000 but does not exceed
2.50%
Rs.400,000
7
Where the taxable income exceeds Rs.400,000 but does not exceed
3.50%
Rs.500,000
8
Where the taxable income exceeds Rs.500,000 but does not exceed
4.50%
Rs.600,000
9
. Where the taxable income exceeds Rs.600,000 but does not exceed
6.00%
Rs.700,000
10
Where the taxable income exceeds Rs.700,000 but does not exceed
7.50%
Rs.850,000
11
Where the taxable income exceeds Rs.850,000 but does not exceed
9.00%
Rs.950,000
12
Where the taxable income exceeds Rs.950,000 but does not exceed
10.00%
Rs.1,050,000
13
Where the taxable income exceeds Rs.1,050,000 but does not exceed
11.00%
Rs.1,200,000
14
Where the taxable income exceeds Rs.1,200,000 but does not exceed
12.50%
Rs.1,500,000
15
Where the taxable income exceeds Rs.1,500,000 but does not exceed
14.00%
Rs.1,700,000
16
Where the taxable income exceeds Rs.1,700,000 but does not exceed
15.00%
Rs.2,000,000
17
Where the taxable income exceeds Rs.2,000,000 but does not exceed
16.00%
Rs.3,150,000
18
Where the taxable income exceeds Rs.3,150,000 but does not exceed
17.50%
Rs.3,700,000,
19
Where the taxable income exceeds Rs.3,700,000 but does not exceed
18.50%
Rs.4,450,000,
20
Where the taxable income exceeds Rs.4,450,000 but does not exceed
19.00%
Rs.8,400,000,
21
Where the taxable income exceeds Rs.8,400,000.
20.00%
Provided that where income of a woman taxpayer is covered by this clause, no tax shall be
charged if the taxable income does not exceed Rs.200,000/-
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Division IA
Rate of Tax on certain persons
The rate of tax to be paid under sub- section (1) of section 113A shall be 0.75% of the
turnover.
Division II
Rates of Tax for Companies
(i)
The rates of tax imposed on the taxable income of a company shall be as set out in the
following table, namely:
TABLE
Tax
Banking
Public company other
Private company other
Year
company
than a banking
than a banking company
company
(1)
(2)
(3)
(4)
2003
47%
35%
43%
2004
44%
35%
41%
2005
41%
35%
39%
2006
38%
35%
37%
2007
35%
35%
35%
(ii) Where the taxpayer is a society or a cooperative society, the tax shall be payable at the rates
applicable to the public company or an individual, whichever is beneficial to the taxpayer.
(iii) Where the taxpayer is a small company as defined in section 2, tax shall be payable at the rate of
20%
Division III
Rate of Dividend Tax
The rate of tax imposed under section 5 on dividend received from a company shall be ­
(a) in the case of dividend received by a public company or an insurance company, or any other
resident company 5% of the gross amount of the dividend; or
(b) in any other case, 10% of the gross amount of the dividend.
Division IV
Rate of Tax on Certain Payments to Non-residents
The rate of tax imposed under section 6 on payments to non-residents shall be 15% of the gross amount
of the royalty or fee for technical services.
Division V
Rate of Tax on Shipping or Air Transport Income of a Non-resident Person
The rate of tax imposed under section 7 shall be:
(a) in the case of shipping income, 8% of the gross amount received or receivable; or
(b) in the case of air transport income, 3% of the gross amount received or receivable.
Division VI
Income from property: the rate of tax to be paid under section 15 shall be 5% of the gross amount of
rent chargeable to tax under that Section.
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PART II
RATES OF ADVANCE TAX
(See Division II of Part V of Chapter X)
The rate of advance tax to be collected by the Collector of Customs under section 148 shall be 6% of
the value of the goods.
PART III
DEDUCTION OF TAX AT SOURCE
(See Division III of Part V of Chapter X)
Division I
Profit on debt
The rate of tax to be deducted under section 151 shall be 10% of the yield or profit paid.
Division II
Payments to non-residents
(1) The rate of tax to be deducted from a payment referred to in sub-section (1A) of section 152 shall be
6% of the gross amount payable.
(2) The rate of tax to be deducted under sub-section (2) of section 152 shall be 30% of the gross amount
paid.
Division II substituted by Finance Bill 2006. Before substitution it read as follows:
The rate of tax to be deducted under sub-section (2) of section 152 shall be 30% of the gross amount paid.
Division III
Payments for Goods or Services
(1) The rate of tax to be deducted from a payment referred to in clause (a) of sub-section (1) of section
153 shall be:
a.  In the case of the sale of rice, cotton seed or edible oils,1.5% of the gross amount payable; or
b. In the case of the sale of any other goods, 3.5% of the gross amount payable.
(2) The rate of tax to be deducted from a payment referred to in clause (b) of sub-section (1) of section
153 shall be 6% of the gross amount payable.
(3) the rate of tax to be deducted from a payment referred to in clause of sub-section (1) of section
153 shall be 6% of the gross amount payable.
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Division IV
Exports
(1)
The rate of tax to be deducted under sub-section (1A) of section 153 and sub-section (1), (3), (3A)
or (3B) of section 154 shall be as set out in the following table, namely:
TABLE
S.
Nature of goods exported.
Rate of deduction of tax.
No.
(1)
(2)
(3)
1.
Exports listed in Part I of the Seventh Schedule
0.75% of the proceeds of the
export
2.
Exports listed in Part II of the Seventh Schedule
1.0% of the proceeds of the
export
3.
Exports listed in Part III of the Seventh Schedule
1.25% of the proceeds of the
4.
Exports listed in Part IV of the Seventh
export
Schedule
1.50% of the proceeds of the
export
(2)
The rate of tax to be deducted under sub-section (2) of section 154 shall be 5.
Division V
Income from Property
The rate of tax to be paid under section 15 shall be 5% of the gross amount of rent chargeable to tax
under that section.
Division VI
Prizes and Winnings
(1) The rate of tax to be deducted under section 156 on a prize on prize bond shall be 10% of the
gross amount paid.
(2) The rate of tax to be deducted under section 156 on winnings from a raffle, lottery, prize on
winning a quiz, prize offered by companies for promotion of sale, or cross-word puzzle shall be
20% of the gross amount paid.
Division VIA
Petroleum Products
Rate of collection of tax under section 156 A shall be 10% of the amount of payment.
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PART IV
(See Chapter XII)
DEDUCTION OR COLLECTION OF ADVANCE TAX
Division II
Brokerage and Commission
The rate of collection under sub-section (1) of section 233 shall be 10% of the amount of the payment.
Division III
Transport Business
Rates of collection of tax under section 234,
(1)  In the case of goods transport vehicles with registered laden weight of:
(a)
Less than 2030 kilograms.
Rs. 1,200.
(b)
2030 kilograms or more but less than 8120
Rs. 7,200.
kilograms.
(c)
8120 kilograms or more but less than 15000
Rs.12,000.
kilograms.
(d)
15000 kilograms or more but less than 30,000
Rs.18,000.
kilograms.
(e)
30,000 kilograms or more but less than 45,000
Rs.24,000.
kilograms.
(f)
45,000 kilograms or more but less than 60,000
Rs.30,000.
kilograms.
(g)
60,000 kilograms or more.
Rs.36,000.
(1A) In the case of goods transport vehicles with laden weight of 8120 Kg or more, advance tax after a
period of ten years from the date of first registration of vehicle in Pakistan shall be collected at the rate
of twelve hundred rupees per annum;
(2) In the case of passenger transport vehicles plying for hire with registered seating capacity of:
(a)
Four or more persons but less than ten persons.
Rs. 25 per
seat per
annum
(b)
Ten or more persons but less than twenty persons.
Rs. 60 per
seat per
annum.
(c)
Twenty persons ore more.
Rs.100 per
seat per
annum
(3) Other private motor cars with engine capacity of:
(a)
1000cc to 1199 cc.
Rs.
500.
(b)
1200cc to 1299cc.
Rs.
750.
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(c)
1300cc to 1599cc.
Rs. 1,500
(ca)
1600cc to 1999cc.
Rs. 2,000
(d)
2000cc and above.
Rs. 3,000.
Division IV
Electricity Consumption
Rate of collection of tax under section 235 where the amount of electricity bill,-
(a)
does not exceed Rs. 400.
Rs.
60
(b)
exceeds Rs. 400 but does not exceed Rs. 600
Rs.
80
(c)
exceeds Rs. 600 but does not exceed Rs. 800
Rs.
100
(d)
exceeds Rs. 800 but does not exceed Rs. 1000
Rs.
160
(e)
exceeds Rs. 1000 but does not exceed Rs. 1500
Rs.
300
(f)
exceeds Rs. 1500 but does not exceed Rs. 3000
Rs.
350
(g)
exceeds Rs. 3000 but does not exceed Rs. 4500
Rs.
450
(h)
exceeds Rs. 4500 but does not exceed Rs. 6000
Rs.
500
(i)
exceeds Rs. 6000 but does not exceed Rs. 10000
Rs.
650
(j)
exceeds Rs. 10000 but does not exceed Rs. 15000
Rs.
1000
(k)
exceeds Rs. 15000 but does not exceed Rs. 20000
Rs.
1500
(l)
exceeds Rs. 20000
Rs.
2000
Division V
Telephone users
(a)
In the case of prepaid telephone cards
10% of the
Amount of sale
Price of prepaid
Telephone card
(b)
In the case of post-paid telephone bill
-- Where the monthly bill exceed
10% of the amount
Rs 1000
of bill; and
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Division VI
Cash Withdrawal from a bank
The rate of tax to be deducted under section 231A of the cash amount withdrawn.
THE THIRD SCHEDULE
Part I.
Depreciation
Part II.
Initial Allowance
Part II.
Pre-Commencement Expenditure
PART I
DEPRECIATION
(See Section 22)
Depreciation rates specified for the purposes of section 22 shall be:
I. Building (all types)
10%
II. Furniture (including fittings) and machinery
15%
and plant (not otherwise specified), Motor
Vehicles (all types), ships, technical or
professional Books.
III. Computer hardware including printer,
30%
monitor and allied items [machinery and
equipment used in manufacture of I.T. products],
aircrafts and aero engines.
IV. In case of mineral oil concerns the income of
which is liable to be computed in accordance
with the rules of Part 1 of the fifth Schedule.
a) Below ground installations
100%
b) Offshore platform and production
20%
installations.
PART II
INITIAL ALLOWANCE
(See Section 23)
The rate of initial allowance under section 23 shall be 50%.
PART III
PRE-COMMENCEMENT EXPENDITURE
(See Section 25)
The rate of amortization of pre-commencement expenditure under section 25 shall be 20%.
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Table of Contents:
  1. AN OVERVIEW OF TAXATION
  2. What is Fiscal Policy, Canons of Taxation
  3. Type of Taxes, Taxation Management
  4. BASIC FEATURES OF INCOME TAX
  5. STATUTORY DEFINITIONS
  6. IMPORTANT DEFINITIONS
  7. DETERMINATION OF LEGAL STATUS OF A PERSON
  8. HEADS OF INCOME
  9. Rules to Prevent Double Derivation of Income and Double Deductions
  10. Agricultural Income
  11. Computation of Income, partly Agricultural,
  12. Foreign Government Officials
  13. Exemptions and Tax Concessions
  14. RESIDENTIAL STATUS & TAXATION 1
  15. RESIDENTIAL STATUS & TAXATION 2
  16. Important Points Regarding Income
  17. Geographical Source of Income
  18. Taxation of Foreign-Source Income of Residents
  19. Exercises on Determination of Income 1
  20. Exercises on Determination of Income 2
  21. SALARY AND ITS COMPUTATION
  22. Definition of Salary
  23. Significant points regarding Salary
  24. Tax credits on Charitable Donations
  25. Investment in Shares
  26. SALARY AND ITS COMPUTATION EXERCISES 1
  27. SALARY AND ITS COMPUTATION EXERCISES 2
  28. SALARY AND ITS COMPUTATION EXERCISES 3
  29. Tax treatment of Gratuity
  30. Gratuity Exercise
  31. PROVIDENT FUND
  32. Exemptions on Business income, Treatment of Speculation Business
  33. Deductions Allowed & Not Allowed
  34. Deductions: Special Provisions, Depreciation
  35. Methods of Accounting
  36. Taxation of Resident Company
  37. Taxation of Companies: Exercises
  38. Computation of Capital Gain
  39. Disposals Not Chargeable To Tax
  40. TAX RETURNS & ASSESSMENT OF INCOME UNIVERSAL SELF ASSESSMENT SCHEME
  41. Normal Assessment, USAS, Provisional Assessment, Best Judgment Assessment
  42. ADVANCE TAX COLLECTION & RECOVERY OF TAX PENALTIES & PROSECUTION
  43. What is Value Added Tax (VAT)?
  44. SALES TAX
  45. SALES TAX RETURNS