ICSI CS Executive Paper 4

About Tax Laws

Tax Laws are the legal procedures and rules governing how tax rates are calculated. They cover the charges on estates, income, property, transactions, licenses, etc. by the government.

To impart conceptual understanding to the students about the provisions of the Direct Tax Laws (Income Tax) and Indirect Tax Laws (GST and Customs).As a CS, it is incumbent on your part to know about tax implications for Companies and Individuals. Tax is also one of the areas of practice for CS. At this level you will be learning more about Direct Taxes such as Income Tax Rules, Clubbing of Income, etc. This will build a base for you to study further Tax Laws at the Professional level where the focus is on analysing and Interpreting laws to solve complex problems.

The topics covered in Tax Laws at CS Executive Level

Basic concepts of Income Tax
Incomes which do not form part of Total Income
Computation of Income under Various Heads
Clubbing provisions and Set Off and / or Carry Forward of Losses
Deductions from Gross Total Income & Rebate and Relief
Computation of Total Income and Tax Liability of various entities
Classification and Tax Incidence on Companies
Procedural Compliance
Procedural Compliance under GST

The best approach to study the Tax Laws paper

Tax is a subject that requires a lot of time and practice. It becomes very difficult if it is kept pending till the last moment. Start the subject early so that you have ample time to understand concepts and solve problems and case studies
Tax Law is one of the most dynamic laws and there are amendments, circulars and notifications. Equip yourselves to these changes and keep yourselves updated with latest amendments
Ensure that you have enough time to revise the entire subject at least 2-3 times. So, Time management plays a very important role for studying Tax Laws
Solve as many question papers as possible

1 Direct taxes – At a glance

Lecture icon 2 Lectures Know More

2 Basic concept of income tax

Lecture icon 6 Lectures Know More

3 Incomes which do not form part of total income

Lecture icon 4 Lectures Know More

4 Part I – Income Under The Head “Salaries”

Lecture icon 11 Lectures Know More

4 Part II – Income Under The Head House Property

Lecture icon 4 Lectures Know More

4 Part III – Profit And Gains From Business / Profession

Lecture icon 12 Lectures Know More

4 Part IV – Income From Capital Gains

Lecture icon 11 Lectures Know More

4 Part V – Income From Other Sources

Lecture icon 4 Lectures Know More

5 Clubbing provisions and set off and / or carry forward of losses

Lecture icon 5 Lectures Know More

6 Deduction from Gross Total Income, Rebate and Relief

Lecture icon 5 Lectures Know More

6 Deduction from Gross Total Income, Rebate and Relief

Lecture icon 7 Lectures Know More

7 Computation of Total Income and Tax Liability of Various Entities

Lecture icon 1 Lectures Know More

7 Computation of Total Income and Tax Liability of Various Entities

Lecture icon 5 Lectures Know More

9 Procedural Compliance

Lecture icon 5 Lectures Know More

9 Procedural Compliance

Lecture icon 8 Lectures Know More

10 Case Laws, Case studies & practical aspects

Lecture icon 2 Lectures Know More

11 GST in India - An Introduction

Lecture icon 8 Lectures Know More

12 Levy of GST

Lecture icon 2 Lectures Know More

13 Glossary

Lecture icon 4 Lectures Know More

14 Taxable Event - Supply

Lecture icon 8 Lectures Know More

15 Reverse Charge

Lecture icon 7 Lectures Know More

16 Time of Supply

Lecture icon 5 Lectures Know More

17 Value of Supply

Lecture icon 3 Lectures Know More

18 Registration

Lecture icon 12 Lectures Know More

19 Composition Scheme

Lecture icon 5 Lectures Know More

20 Input Tax Credit

Lecture icon 12 Lectures Know More

21 Tax Invoice, Credit and Debit Notes

Lecture icon 8 Lectures Know More

22 Payment of Tax

Lecture icon 5 Lectures Know More

23 Returns

Lecture icon 4 Lectures Know More

24 Exemption

Lecture icon 2 Lectures Know More

25 E-way Bill

Lecture icon 4 Lectures Know More

26 Accounts and Records

Lecture icon 2 Lectures Know More

27 Electronic Commerce

Lecture icon 2 Lectures Know More

28 TCS and TDS

Lecture icon 1 Lectures Know More

29 IGST (Place of Supply)

Lecture icon 8 Lectures Know More

30 Refund

Lecture icon 3 Lectures Know More

31 Audit and Assesment

Lecture icon 4 Lectures Know More

32 Inspection, Search, Seizure & Confiscation

Lecture icon 3 Lectures Know More

33 Offences & Penalties

Lecture icon 2 Lectures Know More

34 Overview of Customs Act

Lecture icon 11 Lectures Know More

35 GST Notes - By CA Praveen Jain

Lecture icon 2 Lectures Know More

36 Amendments for May 2021 - By Cotha Srinivas

Lecture icon 2 Lectures Know More

1 Basics and Definitions - Income Tax Act,1961

Lecture icon 11 Lectures Know More

2 Basic concept of income tax

Lecture icon 4 Lectures Know More

3 Incomes which do not form part of total income

Lecture icon 3 Lectures Know More

4 Part I – Income Under The Head “Salaries”

Lecture icon 9 Lectures Know More

4 Part II – Income Under The Head House Property

Lecture icon 5 Lectures Know More

4 Part III – Profit And Gains From Business / Profession

Lecture icon 21 Lectures Know More

4 Part IV – Income From Capital Gains

Lecture icon 15 Lectures Know More

4 Part V – Income From Other Sources

Lecture icon 6 Lectures Know More

5 Clubbing provisions and set off and / or carry forward of losses

Lecture icon 6 Lectures Know More

6 Deduction from Gross Total Income

Lecture icon 6 Lectures Know More

7 Computation of Total Income and Tax Liability of Various Entities

Lecture icon 3 Lectures Know More

1 Basic Concept of Income Tax

Lecture icon 4 Lectures Know More

2 Basis of Charge, Scope of Total Income and Residential Status

Lecture icon 5 Lectures Know More

3 Incomes which Do Not Form Part of Total Income

Lecture icon 4 Lectures Know More

4 Computation of Income Under Various Heads Part I - Income Under The Head Salaries

Lecture icon 11 Lectures Know More

4 Computation of Income Under Various Heads Part II- Income Under The Head House Property

Lecture icon 6 Lectures Know More

4 Computation of Income Under Various Heads Part III - Income From Business or Profession

Lecture icon 12 Lectures Know More

4 Computation of Income Under Various Heads Part IV- Income From Capital Gains

Lecture icon 12 Lectures Know More

4 Computation of Income Under Various Heads Part V- Income from Other Sources

Lecture icon 5 Lectures Know More

5 Clubbing provisions and Set Off and / or Carry Forward of Losses

Lecture icon 5 Lectures Know More

6 Deductions from Gross Total Income & Rebate and Relief

Lecture icon 7 Lectures Know More

9 Procedural Compliance

Lecture icon 10 Lectures Know More

Learn on the go!

Resources

Learn on the go!

Resources

Paper 4

Tax Laws

About Tax Laws

Duration: 3 hours

Faculty

Resources

Tax Laws

1 Direct taxes – At a glance

2 Basic concept of income tax

3 Incomes which do not form part of total income

4 Part I – Income Under The Head “Salaries”

4 Part II – Income Under The Head House Property

4 Part III – Profit And Gains From Business / Profession

4 Part IV – Income From Capital Gains

4 Part V – Income From Other Sources

5 Clubbing provisions and set off and / or carry forward of losses

6 Deduction from Gross Total Income, Rebate and Relief

6 Deduction from Gross Total Income, Rebate and Relief

7 Computation of Total Income and Tax Liability of Various Entities

7 Computation of Total Income and Tax Liability of Various Entities

9 Procedural Compliance

9 Procedural Compliance

10 Case Laws, Case studies & practical aspects

11 GST in India - An Introduction

12 Levy of GST

13 Glossary

14 Taxable Event - Supply

15 Reverse Charge

16 Time of Supply

17 Value of Supply

18 Registration

19 Composition Scheme

20 Input Tax Credit

21 Tax Invoice, Credit and Debit Notes

22 Payment of Tax

23 Returns

24 Exemption

25 E-way Bill

26 Accounts and Records

27 Electronic Commerce

28 TCS and TDS

29 IGST (Place of Supply)

30 Refund

31 Audit and Assesment

32 Inspection, Search, Seizure & Confiscation

33 Offences & Penalties

34 Overview of Customs Act

35 GST Notes - By CA Praveen Jain

36 Amendments for May 2021 - By Cotha Srinivas

1 Basics and Definitions - Income Tax Act,1961

2 Basic concept of income tax

3 Incomes which do not form part of total income

4 Part I – Income Under The Head “Salaries”

4 Part II – Income Under The Head House Property

4 Part III – Profit And Gains From Business / Profession

4 Part IV – Income From Capital Gains

4 Part V – Income From Other Sources

5 Clubbing provisions and set off and / or carry forward of losses

6 Deduction from Gross Total Income

7 Computation of Total Income and Tax Liability of Various Entities

1 Basic Concept of Income Tax

2 Basis of Charge, Scope of Total Income and Residential Status

3 Incomes which Do Not Form Part of Total Income

4 Computation of Income Under Various Heads Part I - Income Under The Head Salaries

4 Computation of Income Under Various Heads Part II- Income Under The Head House Property

4 Computation of Income Under Various Heads Part III - Income From Business or Profession

4 Computation of Income Under Various Heads Part IV- Income From Capital Gains

4 Computation of Income Under Various Heads Part V- Income from Other Sources

5 Clubbing provisions and Set Off and / or Carry Forward of Losses

6 Deductions from Gross Total Income & Rebate and Relief

9 Procedural Compliance

Choose Your Plan

Basic

₹ 3,500/-*

Silver

₹ 17,220/-*