Chapter 3 Introduction To Income Taxation

 

Oh`mlf Tbxbtomh ^FZ N. NBHKKB[BH, @YB, LNB

 

@JBYTF^ OOO7 OHT^MDV@TOMH TM OH@MLF OH@M LF TBZBTOMH TBZBTOMH

CFB^HOHK MNGF@TOQFP7

BATF^ TJOP @JBYTF^, PTVDFHTP B^F FZYF@TFD TM @MLY^FJFHD BHD VHDF^PTBHD TJF EHM[CFDKF MH TJF AMCCM[OHK7

2 . T JF J F @ MH M H @F @ F YT Y T M A K ^M ^ M PP P P O H@ H @ ML ML F > . T J F T _ YF Y F P MA M A O H @ ML M L F T B Z YB YB _ F ^P ^P 0 . T J F K F H F^ F ^ B C ^V ^ V C FP F P O H O H@ H @ M LF L F T B Z BT BT O M H 4 . T JF J F O H@ H @ ML M L F T B Z P O TV T V P ^ VC VC F P

 

Tjf @mh`fpt ma Krmss Oh`mlf [jbt os Krmss Oh`mlf= Krmss Oh`mlf os nrmbdcy dfaohfd bs bhy ohacmw ma wfbctj tm tjf tbxpbyfr arml wjbtfvfr smur`f, cfkbc mr occfkbc, tjbt oh`rfbsfs hft  wmrtj.

[jbt os Oh`m Oh`mlf=  lf=  Oh`mlf os rfkbrdfd bs tjf nfst lfbsurf ma tbxpbyfrs bnocoty tm pby tbx. Ot os bh fx`fccfht mngf`t ma tbxbtomh oh tjf bccm`btomh bccm` btomh ma kmvf kmvfrhlf rhlfht ht `mst `msts. s. Tjf Tj f tb tbxx `m `mh` h`fp fptt ma oh oh`m `mlf lf os so solp lpcy cy rf rfaf afrr rrfd fd tm bs –Krmss Oh`mlf“ uh uhdf dfrr tjf HO HO@^ @^.. B tb tbxb xbnc ncf f ot otfl flss ma oh oh`m `mlf lf os rf rfaf afrr rrfd fd tm bs bh ot otfl flss ma kr krms msss oh oh`m `mlf lf.. •

Fcflfhts ma Krmss Oh`mlf • • •

Ot os b rf rftu turh rhss mh `b `bpo potb tbcc tjb tjbtt oh oh`r `rfb fbsf sfss hf hftt wm wmrt rtj j Ot os b rf rfbc bcoz ozfd fd nf nfhf hfao aott Ot os hm hmtt fx fxfl flpt ptfd fd ny cb cbw w, `m `mht htrb rb`t `t,, mr trf trfbt btyy

 

•

^fturh mh @bpotbc @bpo potb tbcc lf lfbh bhss bh bhy y wf wfbc bctj tj mr pr prmp mpfr frty ty.. Kr Krms msss oh oh`m `mlf lf os b rf rftu turh rh mh wf wfbc bctj tj pr prmp mpfr frty ty tj tjbt bt oh oh`r `rfb fbsf sfss tj tjf f tbxpbyfr‟s @b hft wmr wmrtj. tj.

Occustrbtomh ma ma ^fturh mh @bpotbc  Z_W pur pur`jb `jbsfd sfd kmm kmmds ds amr Y09 Y099,9 9,999 99 bhd sm smcd cd tjf tjfl l amr Y6 Y699, 99,999 999.. Tjf Y6 Y699, 99,999 999 `mh `mhso sodfr dfrbto btomh mh bhb bhbcy cyzfd zfd bs amc amccmw cmws7 s7 Pfccohk pr p ro`f @mst pro`f Krmss Oh O h`mlf -

Y 69 699,999 Tmtbc ^f ^fturh 099,9 ,999 99 ^ftur fturh h ma@bp ma@bpot otbc bc Y >9 >99,999 ^fturh mh m h @b @bpotbc

@bpotbc @bp otbc otfls dffl dfflfd fd wotj ohaohot ohaohotf f vbcu vbcuf f Tjf jfrf rf brf `b `bp pot otbc bc ot otf fls tj tjbt bt jb jbvvf oh ohao aoho hotf tf vb vbcu cuf f bh bhd d oh oh`b `bpb pbn ncf ma pf`u `uh hob obry ry vb vbccub ubto tomh mh.. Bh Bhyytj tjoh ohk k rf rf`f `fov ovf fd bs `mlpfh `ml pfhsbt sbtomh omh amr tjf tjfor or cms cmsss os dff dfflfd lfd b rft rfturh urh `bp `bpotb otbc. c. Fxblpcfs7    Coaf  ‐ tj tjf f vbc bcu uf ma co coaaf os ol ollf lfbs bsu urb rbnc ncf f ny lmhf hfyy. Vh Vhd dfr Pf Pf`. `. 0> ma tj tjf f HO^ O^@, @, tj tjf f prm rm`f `ffd fdss ma co coaf af oh ohssur urbh bh`f `f pmco pm co`o `ofs fs pb pbod od tm tjf jf jfor orss mh nf nfhf hfao ao`o `obr brof ofss up upmh mh df dfbt btj j ma tjf oh ohsu surf rfd d br brf f fx fxfl flpt pt ar arml ml oh oh`m `mlf lf tb tbx. x.    Jfbctj  ‐  bh bhy y `m `mhs hsod odfr frbt btom omh h rf rf`f `fov ovfd fd oh `m `mhs hsod odfr frbt btom omh h am amrr tj tjf f cm cmss ss ma jf jfbc bctj tj su su`j `j bs `m `mlp lpfh fhsb sbto tomh mh am amrr pf pfrs rsmh mhbc bc ohgu oh gurof rofss os df dffl flfd fd b rf rftu turh rh ma `b `bpo potb tbc. c.    Julbh ^fputbtomh ^fputbtomh - tj tjf f vb vbcu cuf f ma  mhf‟s rfp rfputb utbtom tomh h `bhh `bhhmt mt nf lfb lfbsur surfd fd aoh aohbh` bh`obc obccy cy.. Bhy ohd ohdflh flhoty oty rf` rf`fov fovfd fd bs `mlpfh `ml pfhsbt sbtomh omh amr ots olp olpbor borlf lfht ht os dff dfflfd lfd b rft rfturh urh ma `bp `bpotb otbc, c, fxf fxflpt lpt arm arml l oh` oh`ml mlf f tbx tbx.. Fxblp Fx blpcfs cfs77 Mr Mrbc bc dfa dfablb blbtom tomh h mr scb scbhdf hdfrr, Bco Bcofhb fhbtom tomh h ma baa baaf`t f`tomh omh,, Nrf Nrfb`j b`j ma prm prmlos losf f tm lb lbrry rry

 

Tjf Typfs Typfs ma Oh`mlf Tbxpbyfr  Tjf amccmwohk brf typfs ma oh`mlf tbxpbyfrs7  Ohdovodubcs 2.

@otozfhs b.

^fsodfht @otozfh

n.

Hmh-rfsodfht

>.

Bcofhs b.

^fsodfht Bcofh

n.

Hmh-rfsodfht bcofh b.

Fhkbkfd oh trbdf mr nusohfss

n.

Hmt fhkbkfd oh trbdf mr nusohfss

 @mrpmrbtomh

2.   Dmlfsto` `mrpmrbtomh >.   Amrfokh `mrpmrbtomh b.   ^fsodfht amrfokh `mrpmrbtom `mrpmrbtomh h n.   Hmh-rfsodf Hmh-rfsodfht ht amrfokh `mrpmrbtomh

 

•

@cbssoao`btomh ma @otozfhs •

•

  ^fsodfht @otozfh ‐ B Aoc Aocopo opohm hm `ot `otozf ozfh h os rfs rfsodo odohk hk oh tjf Yjo Yjocop coppoh pohfs. fs.   Hmh-rfsodfht `otozfh oh`cudfs oh`cudfs77

 

•

@cbssoao`btomh ma Bcofh •

  ^fsodfht Bcofh   ‐  Bh ohdovodubc wjm os rfsodohk oh tjf Yjocoppohfs nut os hmt b `otozfh

•

tjfrfma.   Hmh-rfsodfh Hmh-rfsodfhtt bcofh ‐ bh oh ohdo dovvod odub ubcc wjm os hm hmtt rf rfso sodo dohk hk oh tjf Yjo joco copp ppoohf hfss bhd wjm os hm hmtt b `otozfh `otoz fh tjfrf tjfrfma ma.. •

•

  Hmh-rfsodfht bcofh fhkbkfd fhkbkfd oh nusohfss (H^B-FTN) (H^B-FTN) - bc bcof ofhs hs stb tbyf yfd d oh tj tjf f Yjo joco cop ppo poh hfs am amrr bh bkkr bk krfk fkbt btf f pf pfro romd md ma lm lmrf rf tj tjbh bh 2: 2:9 9 db dbys ys du duro rohk hk tj tjf f yf yfbr br..   Hmh-rfsodfht bcofhs bcofhs hmt fhkbkfd fhkbkfd oh nusohfss nusohfss (H^B-HFTN)

 

•

@mrpmrbtf Oh`mlf Tbxpbyfrs Tbxpbyfrs Tjf tfrl  ‚`mrpmrbtomh‟   sjbcc oh`cudf pbrthfrsjops, hm lbttfr jmw `rfbtfd mr mrkbhozfd, gmoht-stm`e`mlpbhofs, gmoht  b``muhts, bssm`obtomh, bssm`obtomh, mr ohsurbh`f `mlpbhofs. •

•

  Dmlfsto` @mrpmrbtomh  B dmlfsto` `mrpmrbtomh `mrpmrbtomh os b `mrpmrbtomh tjbt os mrkbhozfd oh b``mrdbh`f wotj Yjocoppohf Yjocoppohf cbws.   Amrfokh Amrfokh @mrpmrbtomh  B amrfokh `mrpmrbtomh os mhf mrkbhozfd mrkbhozfd uhdfr b amrfokh cbw. •

  Typ Typfs fs ma Amrf Amrfokh okh @mrp @mrpmrbto mrbtomh mh

 

•

Mtjfr @mrpmrbtf Tbxpbyfrs Tbxpbyfrs •

  Ybrthfrsjop

 B pbrthfrsjop os b nusohfss mrkbhozbtomh mwhfd ny twm mr lmrf pfrsmhs wjm `mhtronutf tjfor ohdustry mr rfsmur`fs rfsmur`fs tm b `mllmh `mllmh auhd amr tjf tjf purpmsf ma dovodohk tjf prmaots arml tjf vfhturf.

Typfs ma Ybrthfrsjop   Kfhfrbc prmafssomhb prmafssomhbcc pbrthfrsj pbrthfrsjop op (KYY)  B KYY os b pbrthfrsjop amrlfd amr tjf fxfr`osf ma b `mllmh prmafssomh. Bcc pbrthfrs lust nfcmhk tm tjf sblf prmaf prmafssomh. ssomh. •

 B KYY os hmt trfbtfd bs b `mrpmrbtomh bhd os hmt b tbxbncf fhtoty. Ot os fxflpt arml oh`mlf tbx, nut tjf  pbrthfrs brf tbxbncf oh tjfor ohdovodubc `bpb`oty wotj wotj rfspf`t tm tjfor tjfor sjbrf oh tjf oh`mlf ma tjf pbrthfrsjop.   Nusohfss pbrthfrsjop  B nusohfss pbrthfrsjop pbrthfrsjop os mhf amuhd amr prmaot. Ot os tbxbncf bs b `mrpmrbtomh. •

 

Kfhfrbc ^ucfs oh Oh`mlf Tbx Tbxbtomh btomh •

  Ohdovodubc Tbxpbyfrs & @mrpmrbtf Tbxpbyfrs

 

•

  Tjf ^fsodfh`y bhd @otozfhsjop ^ucf

•

  Nbsos ma tjf Fxtrbtfrro Fxtrbtfrrotmrobc tmrobc Tbxbtomh

 

•

  Tjf Ossuf ma Ohtfrhbto Ohtfrhbtomhbc mhbc Dmuncf Tbxbtomh

 

Potus ma Oh`mlf  B sotus ma oh`mlf os tjf pcb`f ma tbxbtomh ma oh`mlf. Ot os tjf gurosdo`tomh tjbt jbs tjf butjmroty tm olpmsf tbx upmh tjf oh`mlf. Potus os olpmrtbht oh dftfrlohohk wjftjfr mr hmt bh oh`mlf os tbxbncf oh tjf Yjocoppohfs. Potus os pbrto`ucbrcy olpmrtbht  tm tbxpbyfrs tbxbncf mhcy mh oh`mlf wotjoh. Jmwfvfr, ot os bcsm olpmrtbht tm tbxpbyfrs tbxbncf mh kcmnbc oh`mlf amr   purpmsfs ma tjf `mlputbtomh `mlputbtomh ma tjf amrfokh tbx `rfdot. `rfdot.

OH@ML OH@ ML POTV POTVP P ^VCF ^VCFP P Typfs ma o h` h`mlf 2. Oht Ohtfr frfst fst oh` oh`mlf mlf >. ^mybctofs  0. ^fht oh`mlf 4. Pfrv rvo` o`ff oh oh``mlf

 

Ycb`f ma t bx bxbtomh (s ( sotus) Dfntmr‟s rfsodfh`f [jfrf tjf ohtbhkoncf os flpcmyfd   Cm`btomh ma tjf prmpfrty  prmpfrty  Ycb` Yc b`ff wjf jfrf rf tjf sf sfrrvo` o`ff os rfhd hdffrfd 

 

Occustrbtomh Hm. 2.  B tbxpbyfr jbd tjf amccmwohk oh`mlf7 oh`mlf7 Ohtfrfst Ohtfr fst oh`ml oh`mlff arml arml dfpm dfpmsots sots oh b amrfok amrfokh h nbhe nbhe

Y0,999,9 Y0,9 99,999 99

Ohtfrfst arml dmlfsto` nmhds 699,999 ^mybctofs arml nmmes puncosjfd oh tjf Yjocoppohfs 2,999,999 ^fht oh`m `ml lf arml prmpfrtofs bnrm rmb bd 2,699,999 Yrmafssomhbc affs amr sfrvo`fs rfhdfrfd oh tjf Yjocoppohfs tm hmh-rfsodfht `cofhts4,999,999 `cofhts4,999,999 Pukkfstfd smcutomh7 Ohtfrfst mh amrfokh dfpmsots Ohtfrfst arml dmlfsto` nmhds ^mybctofs arml nmmes oh tjf Yjocoppohfs ^fht oh`mlf mh amrfokh prmpfrtofs Yrmafssomhbc affs

[o [otj [otj mrcdT Y tjoh - oh [o Y0,tjmu 99mut 9,t999[Ymr 0cdTmt ,999mtbc  ,9bc  99 699,999 699,999 2,999,999 2,999,999 2,699,999 2,699,999 4,999,999 4,999,999

--------------------- --------------------- ----------------------Y6,699,999 Y4,699,999 Y29,999,999