Taxmann S Indirect Tax Laws Paper 8 Idt Most Updated Amended Textbook In Simple Concise Language Covering Subject Matter In Tabular Format Ca Final Nov 2022 Exam

This book provides practical application of GST and Customs Tax in a holistic approach while testing the analytical skills of the reader. It is prepared exclusively for the Final Level of Chartered Accountancy Examination requirement. It covers the entire revised, new syllabus as per ICAI. The Present Publication is the 2nd Edition & updated till 30th April 2022 for CA-Final | New Syllabus | Nov. 2022/May 2023 Exams. This book is authored by CA (Dr.) Mahesh Gour & CA (Dr.) K.M. Bansal, under the guidance of CMA V.S. Datey. This book incorporates the following noteworthy features: • Strictly as per the New Syllabus of ICAI • This book is divided into two parts: o Goods & Services Tax | 75 Marks o Customs & Foreign Trade Policy (FTP) | 25 Marks • [Simple & Concise Language] for easy understanding • [Tabular Presentation] for easy learning • [Explanatory & Analytical Approach] to enable students to obtain knowledge in the subject with ease • Coverage of this book includes: o All Past Exam Questions, including § CA Final December 2021 (New Syllabus) § CA Final May 2022 (New Syllabus) o Questions from RTPs and MTPs of ICAI • [Most Updated & Amended] This book is updated & amended up to 30th April 2022, and the amendments are incorporated at the relevant places • [Student-Oriented Book] The authors have developed this book, keeping in mind the following factors: o Interaction of the authors with their students, with specific emphasis on difficulties faced by students in the examinations o Shaped by the authors' experience of teaching the subject matter at different levels o Reactions and responses of students have also been incorporated at different places in the book Contents of this book are as follows: • Goods and Services Tax o GST in India – An Introduction o Supply under GST o Charges of GST o Exemptions of GST o Place of Supply o Time of Supply o Value of Supply o Input Tax Credit o Registration o Tax Invoice, Credit/Debit Notes o Accounts and Records & E-Way Bill o Payment of Tax o Returns o Import and Export under GST o Refund under GST o Job Work o Assessment and Audit o Inspection, Search, Seizure and Arrest o Demands and Recovery o Liability to Pay in Certain Cases o Offences and Penalties o Appeals and Revision o Advance Ruling o Miscellaneous Provisions • Customs & Foreign Trade Policy o Levy of Exemptions from Customs Duty o Types of Duty o Classification of Imported and Exported Goods o Valuation under the Customs Act, 1962 o Importation, Exportation and Transportation of Goods o Warehousing o Duty Drawback o Refund o Foreign Trade Policy

ICAI has released the Guidance Note on Tax Audit under Section 44AB of the Income-tax Act, 1961 (Revised 2023). The Guidance Note (2023) makes several changes in recommendations vis-a-vis the Guidance Note on Tax Audit under Section 44AB of the Income-tax Act, 1961 (Revised 2022). In this article, Taxmann's Advisory and Research Team have discussed the changes introduced in the Guidance Note.

This book is a commentary on the proposed provisions of the Finance Bill 2023. It consists of three divisions: • Direct Tax Laws (13+ Chapters | 80+ Sub-Topics) • Indirect Tax Laws (3+ Chapters | 20+ Sub-Topics) • Corporate & Allied Laws (1 Chapter | 3+ Sub-Topics) All complex provisions have been explained with illustrations which helps the readers to comprehend the new provisions in a simplified manner. The Present Publication is the 2023 Edition, authored by Taxmann's Editorial Team. The noteworthy features of the book are as follows: • Income-tax Proposed Amendments at a Glance • [Tax Rates] applicable for the assessment year 2024-25 • [Threadbare Analysis] on all proposed amendments • [Examples/Illustrations] to understand all complex provisions • [Charts & Tables] to get an overview of the provisions The coverage of the book is as follows: • Direct Tax Laws o Tax Rates Reckoner § Tax Rates § Rates of Surcharge § When should one opt for the alternative tax regime? § Concessional Tax Rates to promote new manufacturing Cooperative Societies § Winnings from Online Games o Taxation of Life Insurance Policies § Concept and Type of Life Insurance § Current Tax Provisions § Proposed Amendments § Analysis of amendments proposed in Section 10(10D) § Overview of tax on various Life Insurance Policies o Charitable and Religious Trusts § Introduction § Direct Grant of Regular Registration or Approval § Application for Provisional Registration or Approval § Deduction for Donation to Other Trusts § No Benefit of Rollback of Exemption Provisions § No Benefit of exemption provisions by filing an updated return of income § Time limit for filing form for accumulation of income § Incomplete or false information in the registration application can attract cancellation of registration/approval § Provisions of accreted tax extended to trusts not applying for re-registration or re-approval § Treatment of application out of corpus, loans or borrowings o Income from Business or Profession § Increase in the Threshold for Audit [Section 44AB] § Clarification about Benefits or Perquisites may be in cash or in-kind [Section 28(iv)] § Relaxation in the conditions to claim a deduction for preliminary expenses [Section 35D] § More expenses are added to the list of deductions allowed on a payment basis [Section 43B] § Categorisation of NBFC [Section 43D] o Capital Gains § Maximum Exemption under Section 54 or Section 54F shall not exceed Rs. 10 Crores § Exemption on conversion of gold to electronic gold receipts and vice versa § No double deduction for interest on housing loan § Cost of acquisition and cost of improvement of an intangible asset shall be nil § Special provisions for taxation of capital gains from market-linked debentures § Rationalising meaning of consideration in JDA transactions § Tax Incentives to IFSC [Section 47(viiad)] o Other Income § Expanding the scope of deeming provisions to gifts received by not-ordinary residents [Section 9] § Angel Tax on receiving excess share application money or premium from non-resident investors § Sum received from business trust to be taxable as residuary income o Carry Forward and Set Off of Losses § Relief to start-ups in carrying forward and setting off of losses [Section 79] § Facilitating certain strategic disinvestment [Section 72A and Section 72AA] o Deductions and Exemptions § Tax benefits to persons enrolled under Agnipath Scheme § Extension in the outer date for the incorporation of Start-up company [Section 80-IAC] § Regulation of Alternative Investment Funds § Eliminate double taxation of non-residents' income from offshore derivatives instruments § Exemption for news agencies under Section 10(22B) withdrawn § Return filing and timely inward remittance of proceeds for Section 10AA exemption § Removal of certain funds from Section 80G deduction § Removal of redundant provisions § Exemptions to income of development authorities o TDS/TCS § Relief from special provisions from a higher rate of TDS/TCS for non-filers of Income-tax returns [Section 206AB and Section 206CCA] § Increase in the rate of TCS on certain remittances § TDS rate on payment of EPF withdrawal reduced where PAN of EPF holder isn't available § Deduction of tax at source from winnings from online games § Removal of exemption from TDS on payment of interest on listed debentures to a resident § Applicability of threshold limit in case of TDS on winning from lottery, crosswords or horse races § Raising the limit for cooperative societies to take out cash without TDS § Clarificatory amendment in Section 194R § Benefit of treaty rate the time of TDS under Section 196A § Lower/Nil TDS certificate can be obtained for income received from the business trust o Assessments § Rationalisation of the limitation period of completion of an assessment § Inquiry for valuation of inventory § Set off and withholding of refunds in certain cases § Assistance to an authorised officer during search and seizure § Rationalisation of reassessment provisions § Modification in assessment – Relief for sugar cooperatives § TDS credit for income disclosed in past years' ITR o Penalties and Prosecutions § Account holders to pay the penalty for misreporting in SFTs § Penalty and prosecution if the deductor fails to 'ensure payment of TDS' § Insertion of sunset clause under Section 276A § No appeal against the order denying immunity from the penalty for under-reporting of income o Appeals § Appeal can be filed to the ITAT against the penalty order passed by the CIT(A) § A new appellate authority of the Joint Commission (Appeals) is introduced § Extension of time limit for disposing of pending rectification applications by the interim board of settlement [Section 245D] o Transfer Pricing § Business transactions with cooperative societies within the ambit of specified domestic transaction § Ten days time period to furnish transfer pricing report o Miscellaneous § Exclusion of NBFC from Thin Capitalisation § Uniform methodology for valuation of residential accommodation to employees § Adjusting advance tax in computing interest for updated return under Section 234B § Amendments in penalty provisions related to cash loans/transactions against primary cooperatives • Indirect Tax Laws o Goods and Services Tax Act § Proposal to allow composition dealers and unregistered dealers to affect the supply of goods through ECOs § Proposal to reverse ITC or pay tax on non-payment to vendors within 180 days § Value of exempt supply under Section 17(3) is proposed to include the supply of goods from bonded warehouse § Proposal to block ITC on CSR expenditure under Section 17(5) § Provisions of non-requirement of registration is proposed to be given overriding effect § Filing of GST Returns/statements proposed to be restricted to a maximum period of 3 years § Proposal to align provisional refund provisions with the present scheme of self-assessed ITC § Proposal to provide the manner of computation of period of delay for calculation of interest on delayed refunds § Imposition of penalty on ECO for furnishing incorrect information § Proposal to decriminalise certain offences under the GST law § Proposal to increase the threshold limit for prosecution to Rs. 2 Crores § Amendments proposed in the provisions relating to the compounding of offences § Proposal to insert a new Section for allowing consent-based sharing of information furnished by taxable person § Proposal to give retrospective effect for inclusion of in-bond sales and High Sea sales under Schedule III § Proposal to amend the definition of OIDAR services and non-resident taxable persons § Specific place of supply provisions for services of transportation of goods outside India is proposed to be omitted o Central Sales Tax Act § CESTAT is Proposed to Function as Authority to Settle Inter-State Disputes under CST Act o Customs Law § Proposal to exclude specified conditional exemption notifications from a validity period of 2 years § Proposed time limit of 9 months from the date of filing applications for passing final order by Settlement Commission § Retrospective amendments in the provisions relating to Anti-Dumping Duty, Countervailing Duty and Safeguard Measures o Customs Tariff and Central Excise Duty § Customs Duty Rate Changes § Changes in Central Excise Duty • Miscellaneous o Corporate & Allied Laws § Amendment to the Indian Stamp Act, 1899 § Amendment to the Prohibition of Benami Property Transaction Act, 1988 § Amendment to the Securities Contracts (Regulation) Act, 1956 § Amendment to the Government Savings Promotion Act, 1873

Strategic Financial Management has been prepared to meet the requirements of students pursuing CMA Final. This book is also useful for students pursuing CA final, MBA, CFA, PGDBM and other courses in Finance. This book has been designed to solve the problems of students pursuing CMA Final. This book has been written according to the syllabus and study material. It contains previous year examination questions of CMA Final new syllabus 2016. It contains simple and detailed explanation of theories of portfolio management, foreign exchange, derivatives, mutual funds and investment analysis. SALIENT FEATURES: -Comprehensive and systematic coverage of new syllabus of CMA Final.-Self study approach.-Simplified and detailed explanation of theories.-Division of four parts of syllabus into 23 chapters for easy understanding.-Maintains flow of chapters. -Step wise solutions for questions with detailed explanations.-Examination questions of new syllabus of CMA Final.-Problem solving techniques for questions.-Memory tips for formulas and others as per requirement.

Whether it is a balance sheet of a company, a cinema hall, or of a school; auditing evaluates all! This comprehensive book, now in its second edition, is a compendium of a textbook; a handbook of Auditing Standards; a question bank, and a compilation of model answers. This text is organized in four parts. Part 1 (Principles) enunciates the standards and the concepts, which form the bases of auditing. Part 2(Process) provides a stepwise description of the auditing process, adopted by the auditors while performing audit engagements. Part 3 (Performance) deals with the auditing engagement and shows how the verification of financial elements such as receipts, payments, purchases, sales, assets and liabilities is conducted. Part 4 (Practice) demonstrates the practical aspects of audits of specific entities such as private limited companies, charitable trusts, hospitals and so on. This book is primarily intended for the students of Chartered Accountancy (appearing for the CA-PCC examination), Cost Accounting, Company Secretary, and postgraduate students of Finance and Accounting. Apart from that, the book is also useful for the practising Chartered Accountants and Financial officers of companies, as a reference handbook. Key Features : Incorporates 67 practical questions (with structured solutions) to help the students to apply the principles to practical situations. Comprises 147 case studies to help identify the issues involved, place them in the right context and arrive at a correct conclusion. Provides 285 innovative true and false type questions (with their reasoned answers) to strengthen the grasp of the subject. Contains 1267 answer-in-brief questions, which are cross-referenced. New to this Edition : Explains all the latest Standards on Auditing applicable for financial years 2009–2010 and 2010–2011. Includes model answers for all relevant descriptive examination questions, asked in the CA-PCC/Final examinations till June 2009. Numerous newly drafted questions (true or false, answer-in-brief, descriptive type) on latest auditing standards with answers/cross references.