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Income Tax Laws – I

Notes Answers: Self Assessment

1. Source and origin 2. Deductible
3. Business losses 4. 30%
5. Fringe Benefit Tax 6. Capital expenditure

7. Zero tax companies 8. Minimum Alternate Tax (MAT)
9. Special Economic Zones (SEZ) 10. Book profit
11. New tax credit scheme 12. True
13. False 14. True
15. False 16. True

17. Venture capital 18. VCU
19. fourteen days 20. Section 115-O

11.8 Further Readings

Books Aggarwal, K. Direct Tax Planning and Management. Atlantic Publications.
Ahuja, G. K. & Gupta, Ravi. Systematic Approach to Income Tax. Bharat Law House.

Lakhotia, R. N. Income Tax Planning Handbook. Vision Books.
Singhania, V. K. & Singhania, Kapil. Direct Taxes Law & Practice. Taxmann
Publications.

Srinivas E. A. Handbook of Corporate Tax Planning. Tata McGraw Hill.

Online links http://business.gov.in/taxation/computation_income.php
http://business.gov.in/taxation/different_taxes.php

http://business.gov.in/taxation/taxation_company.php
http://seminarprojects.com/Thread-tax-on-distributed-profits-of-domestic-
companies

http://trak.in/india-tax/corporate-taxes-india/
http://www.accounting-n-taxation.com/Minimum-Alternate-Tax.html
http://www.asiatradehub.com/india/tr13.asp
http://www.madaan.com/taxrates.htm

http://www.solveaccounting.com.au/Blog/tabid/62/EntryId/4/Calculating-a-
company-s-taxable-income.aspx
http://www.taxlawsonline.com/news/DTC/chap6/dtc108.asp

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