TY  - BOOK
AU  - Tulio, Peter O.
AU  - Abon, Robin Angelo
AU  - Abdon, Frank John S.
AU  - Busayong, Aris R. 
AU  - Villablanca, Daniel A.
TI  - Income taxation: : a simplified presentation of the tax laws, concepts and principles
SN  - 9789710161294
U1  - 336.24 
PY  - 2013///]
CY  - Malabon City
PB  - Jimczyville Publications
KW  - Income tax
KW  - Philippines
KW  - Taxation
KW  - lcgft
N1  - Chapter 1: basic principles of taxation; Defenition, purposes, classification and characteristics of taxation; Inherent powers of the state; Distinction among the three inherent powers; Limitations between inherent and constitutional limitations; Inherent limitations; Territorial jurisdiction; Situs of taxation; International comity; Non-delegation of the power to tax; Exemption of govenment agencies; Double taxation; Constitiutional limitations; Equal protection of the laws; Rule of uniformity and equity in taxation; Non-imprisonment for non-payment of poll tax; Non-impairment of the obligation of contracts; Power of the president to veto; Regressive system of taxation; Distinction of tax from other charges from poll; National taxes under special laws,sources of tax law; Exemptions from taxation; Tax avoidance vs tax evasion; Shifting; Chapter 2: income taxation for individuals, estates and trust; Classification of individuals; Format of computation(annual return); Tax base and tax rate; Personal exemptions; Basic personal exemption; Additional exemptions; Premium paid on health and/or hospitalization insurance; Head of the family; Rules on change of status; Estate and trust; Important pointers on estates and trusts; Several trust with a common grantor and a common beneficiary; Filing of returns and payment of tax (estate and trust); Income tax returns for individuals, estates and trust; Tax rates for individual taxpayers, estates and trusts; Final tax rates on certain passive income form philippine sources (rate of tax on certain passive income); Capital gains tax; Tax rates for special aliens and their filipino counterparts; Chapter 3: income taxation for corporations & partnerships; Corporation and other terms defined; Classification of corporations; Format of computation (annual income tax return); Tax base and tax rate; Special corporations; Special domestic corporations; Special resident foreign corporation; Special non-resident foreign corporation; Partnership, joint venture and co-ownership; Important pointers in non-taxable partnerships; Important pointers in taxable partnerships; Important pointers in joint ventures; Important pointers in co-ownership; Corporation returns; Exemption from tax on corporation; Tax rates in general; Optional corporate income tax; Tax on income derived under expanded foreign currency deposit system; Optional corporate income tax; Minimum corporation income tax (MCIT); Improperly accumulated earnings tax (for closely held corporations); Chapter 4: Sources of income; Classification on income as to sources; Determination on income as to sources; Deduction of taxpayers whose taxable income is from within only; Income partly from sources within partly from sources without; Computation of taxable income; Meaning of income; Gross income defined; Income distinguised from other items; Compensation for personal services; Gross income derived from the trading business, or exercise of profession; Gains derived from dealings in property; Interest income; Rent income (income of lesser under lease agreement); Advance payment not representing rent; Leasehold improvement; Royalties; Divident income (including shares in the net income of certain entities); Annulties; Prizes and winnings; Pensions (See exclusions from gross income); Partner's distributive share; Chapter 5: exclusions from gross income; Exclusions defined; Proceeds of life insurance; Amount recieved by insured as return premium; Gifts, beqeusts and devises; Compensation for injuries or sickness; Income exempt under treaty; Retirement benefits; Miscellaneous; Chapter 6: fringe benefits & fringe benefit tax; Defenition of certain terms; Imposition of fringe benefit tax; Example of fringe benefits; De minimis benefits; Example of de minimis benefits; Deductable fringe benefit and fringe benefit tax; Computation of monetary value; Monetary value of housing prvilege; Other fringe benefits; Fringe benefits that are not subject to fringe benefits tax; Capital assets; Terms associated with capital assets; Summary of important points; General professional partnership; Sales of capital assets which are subject to capital gains tax; Transactions resulting in capital gains or losses (no sale or exchange); Chapter 7: deductions from gross income; Taxpayers earning compensation income; Allowable deductions (items not deductible); Deductions from gross income; Itemized deductions amplified (expenses in general); Interest expense; Taxes; Losses; Bad debts; Depreciation; Depletion of oil and gas wells and mines; Charitable and other contributions; Research and development; Pension trusts; Optional standard deductions (rr 16-2008); Chapter 8: Accounting periods, methods, itr, payment and addtions to tax; Accounting periods and methods; Essentials of an acceptable accounting method; Example of constructive receipt of income; Installment method of reporting income; Payment of capital gains tax in installments; Capital gains tax on sale of real property (capital assets); Documentary stamp on sale of real property; Capital gains tax on sales of shares of stocks; Documentary stamp tax on sale of share of stock; Persons required to file an income tax return; Place and time of filing of return and payment of tax; Income tax return of husbands and wife, parents and person under disability; Forms, statements and information to accompany the income tax return; Manual and electronic filing remittance of tax withheld; Chapter 9: powers and authority of the commissioner; Power and authority of the commissioner of internal revenue; Power to interpret tax laws and to decide tax cases; Power to obtain information and to summon, examine, abd take testimony of persons; Power to make assessments and prescribe additional; Requirements for tax administration and enforcement; Authority of the commissioner to delegate power
ER  -