(Taxation) Computation of salary Course Code : MGT300 Calculation of tax payable Course Hours : 03 Semester : 4th Relief and allowances Total Weeks : 16/18 Week 6: Total Hours : 48/54 Interest on Securities Week 1: Conditions of Taxability of Introduction interest Nature and importance of tax Scope of interest on securities Objectives of taxation Allowable deductions Scope of income Tax law Tax free securities Components of income tax Crossing up of income from law interest on securities Week 2: Week 7: Definitions Income from Property Agricultural income Scope of income from house Assesses property Assessment year Annual lathing value Business Allowable deductions Capital asset Liability in case of co-owners Week 3: Property exempt from tax Dividend Week 8: Income Income from Business Profession Person Taxability of business and Principal officer property Registered firm Scope of business and Return of total income profession Resident/non-resident Allowable deductions Total income Inadmissible expenses Total word income Week 9: Week 4: Depreciation Income Exempt from Tax Conditions for allow ability of Income exempt from tax and depreciation not to be included in total Kinds of depreciation income allowance Income exempt from tax but Week 10: included in total income Capital Grains Week 5: Definition Salary Computation Features of salary income Determination of acquisition Scope of salary income cost Exemption of capital gains Taxable income Week 11: Tax payable Income from other Sources Income charged under this Text Books head Income Tax Principles and Practice Allowable deductions (Latest) By Muhammad Muazzam Week 12: Mughal Registration of Firm Grant of registration Cancellation of registration Grounds for refusal of registration Privileges of registered firm Assessment of firms and partners Week 13: Assessment Procedure Cycle of assessment Legal promising regarding filing of Income tax returns Assessment and its types Limitations of assessment Payment, recovery and refund of tax Week 14: Set-off and carry forward of losses Loss from source of income Set-off losses Carry forward of losses Week 15: Income Tax Authorities Central board of revenue (CPOR) Director general of inspection Regional commissioner Commission of income tax Inspector of income tax Income tax of office (ITO) Tax recovery officer Week 16: Assessment of Individual Total income of individual
Test Bank For South Western Federal Taxation 2021 Corporations Partnerships Estates and Trusts 44th Edition William A Raabe James C Young Annette Nellen William H Hoffman JR David M Mal