Time: 3 Hours; Marks: 60

Unit-1: Deductions from Gross Total Income. 

Unit-2: Computation of Tax Liability of an Individual.

Unit-3: TDS and Advance Payment of Tax.

Unit-4: Introduction to Indirect Taxes.

Meaning and Classification:

I. VAT/CST - Scope, Interstate and Intrastate Sales, Objectives, Benefits, Limitations, Various Forms under CST.

II. Service Tax.

  • Background.
  • Nature of Service Tax.
  • Service Provider and Receiver.
  • Value of Service.
  • Negative List under Service Tax.
  • Procedure.
    • (i) Registration.
    • (ii) Billing.
    • (iii) Payment.
    • (iv) Returns.