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Presented by Chinnu Gigi Roll No. 10 S1 Mtech Ce
Presented by Chinnu Gigi Roll No. 10 S1 Mtech Ce
Presented by Chinnu Gigi Roll No. 10 S1 Mtech Ce
CHINNU GIGI
ROLL NO. 10
S1 MTECH CE
1
INTRODUCTION
Tax law or revenue law is an area of legal
study
In this public or sanctioned authorities, such as
federal, state and municipal governments (as in
the case of the US) use a body of rules and
procedures (laws) to assess and collect taxes in
a legal context.
Tax law is part of public law
2
INTRODUCTION (CONTD)
It covers the application of existing tax laws
on individuals, entities and corporations, in
areas where tax revenue is derived or levied.
Government requires funds for the purposes
of carrying out its activities , which are
mainly maintenance of law and order ,
defence, public policy etc.
These funds are generated through revenue ,
which comes from corporate tax, Income
3 tax, customs duty ,other duties etc.
INTRODUCTION (CONTD)
Major portion of the revenue of the country
comes from taxes.
e.g. income tax, estate tax, business tax,
employment/payroll tax, property tax, gift
tax and exports/imports tax.
4
CLASSIFICATION OF TAXES
Taxes are classified as :
6
FUNDAMENTAL PRINCIPLES
RELATING TO TAX LAWS
7
Commercial Taxes Department
The Department of Commercial Taxes is the
major source of revenue of the Government
of Kerala, accounting for 3/4th of its
revenues.
The Department caters to 1,83,000 traders
through 431 offices, including Check Posts,
across the state.
The critical functions of the Department
such as Filing of returns, Payment of Tax,
Issue of Statutory Forms, Declaration of
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Consignments etc. are now fully automated.
KERALA COMMERCIAL TAXES
DEPARTMENT – at a glance
1 State Head Quarters.
15 Districts Head Quarters.
221 Assessment Circles.
74 Check posts.
75 Enforcement Squads.
16 Investigation Wings.
1 Appellate Tribunal.
Total 4615 Employees.
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ACTS ADMINISTERED BY THE
DEPARTMENT
Kerala Value Added Tax Act.
Kerala General Sales Tax Act.
Kerala Agricultural Income Tax Act.
Kerala Money Lenders Act.
Kerala Tax on Luxuries Act.
Kerala Tax on Paper Lotteries Act
Kerala Surcharge on Taxes Act
Central sales Tax Act
10
Kerala Building Tax Act, 1975
Rate of Luxury Tax
Sl.No Plinth Area Limit Rate (Rs.)