CONTENTSlNCOME TAX 1. Preliminary2. Basis of Charges3. Incomes which do not form part of Total Income4. Computation of Total Income4A. Salaries5. Income from House Property6. Profits and Gains of Business or Profession7. Capital Gains8. Income from Other Sources9. Income of Other Persons, included ill Assessee’s Total Income10. Aggregation of Income and Set Off or Carry Forward of Loss11. Deduction to be made in Computing Total Income12. Rebates and Relief12A. Heads of income at a Glance13. Special Provisions Relating To Certain Persons Other Than A Company (Alternate Minimum Tax)14. Filing of Return of Income15. Tax Deducted at Source16. Advance Tax17. Revision – Problems on Computation of Total Income and Tax LiabilityINDIRECT TAXES 18. Basic concepts of Indirect Taxes VALUE ADDED TAX 19. Basic Concepts & Principles20. Input Tax Credit. Composition Scbeme & Procedures21. VAT and Special TransactionsCENTRAL SALES TAX 22. The Central Sales Tax Act. 1956 SERVICE TAX 23. Service Tax Concepts and General Principles 66466924. Taxable Services 670-68325. Exemptions and Abatements 684-69926. Point of Taxation27. Registration. Records. Filing of Return & Assessments28. Valuation29. Payment of Service TaxCENTRAL EXCISE 30. Central Excise CENV A T CREDIT 31. Cenvat Credit CUSTOMS DUTY 32. Customs DutyAppendix II – Supreme Court DecisionsAbout the AuthorsMr. T.N.Manoharan, a Chartered Accountant with 31 years of standing in practice, is a post graduatein commerce and a law graduate from University of Madras. He is a holder of all India rank in C.A.Intermediate Examination. He was an elected member since 2001 for 6 years of the Council of TheInstitute of Chartered Accountants of India (rCAl) and served as its President during 200607.The author was a visiting faculty on the subject of Taxation and Accounting Standards in manyrenowned Institutions. He has presented papers in seminars and conferences organized by variousforums in India and abroad.