COMMERCIAL TAX OFFICER,COMMERCIAL TAXES SYLLABUS

COMMERCIAL TAX OFFICER,COMMERCIAL TAXES SYLLABUS

Exam Date:07-02-2015

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PART I:ACCOUNTANCY & FINANCIAL MANAGEMENT

ACCOUNTANCY

BOOK KEEPING AND ACCOUNTANCY:

Introduction to Accounting-Meaning,Definition,Need,Importance,Advantages,Capital and Revenue,Reserves,Provision,Depreciation,Accounting concepts and conventions-Journal and Journal entry,Ledger and Ledger Postings,Preparation of Cash book(Three column),Preparation of Trial balance-Rectification of errors-Preparation of Final Accounts of Sole Trader.

PARTNERSHIP ACCOUNTS:Basic Concepts,Nature-Partnership Act,1932 and Limited Liability Partnership Act,2008,Partnership Deed-Preparation of Final Accounts-Reconstitution of Partnership firm-Admission,Retirement,Death and Dissolution.

JOINT STOCK COMPANY-Accounting for Share Capital,Issue and Redemption of Debentures-Preparation of Final Accounts.

COST ACCOUNTING:Meaning,Objecives,Concept of Cost,Elements of Cost-Material,Labour,Overhead,Cost Sheet and its Preparation,Cost Classification,Cost Unit,Cost Centre,Cost Estimate and Ascertainment,Cost Allocation and Appointment,Cost Reduction and Cost control,Installation of Costing System,Methods and Techniques of Costing-Contract Costing,Job Costing,Tender Costing

MANAGEMENT ACCOUNTING:

Meaning,Definition-Functions,Scope,Functions of Management Accountant,Management Accounting Principles,Utility of Management Accounting,Tools of Management Accounting:Fund flow Analysis-Need,Meaning,Uses of Funs Flow Statement,Schedule of changes in Working capital,Preparation of Fund Flow statement,Funds Forecast.Cash Flow Analysis-Need,Meaning,Importance,Utility,Sources of Cash,Application of Cash,Format of Cash  Flow Statement,Preparation of Cash Flow Statement,Difference Between Fund Flow and Cash Flow Statement,Cash Forecast.

BUDGETARY CONTROL:Meaning of Budget,Budgeting and Budgetary control,Preparation of various Budgets,Classification of Budgets-Fixed and  Flexible,Budgetary Control as a Management Tool,Installation of Budgetary Control System,Limitations of  Budgetary Control System-Zero based Budgeting.

WORKING CAPITAL MANAGEMENT:Working Capital-Concept,definition,Types,Factors Determining Working Capital,Estimation of Working Capital,Working Capital Management-meaning,Management of Cash,Management of Inventories,Management of Accounts Receivables and Management of Accounts Payables-Over and Under Trading,Banking Policy –Dehajia,Tandon and Chore Committees

Financial Management

1.Finance Function:Meaning,Scope and Objectives of Financial Management,Financial Forecasting,Financial Planning and steps in Financial Planning

2.Investment Decision:Long Term Investment,Capital Budgeting Process,Selection of Projects,Estimation of Cash Flows,Project Evaluation Techniques,Pay back period,Average Rate of Return,Net Present Value Method and Internal Rate of Return

3.Finance  Decision:Sources of Funds,Long term,Medium Term and Short Term,Equity Shares,Preference Shares,Debentures and Bonds,Institutional Borrowings,Public  Deposits,Lease Financing,Venture Capital,Commercial Paper and Factoring.

4.Capital Structure and Cost of Capital:Meaning,Capital Structure Planning,Optimum Capital Structure,Capital Structure Theories,Net Income Approach,Net Operating Income Approach,Traditional Approach and Modi Gilani Miller Approach.Cost of Capital-Meaning,Computation,Cost of Debt,Cost of Equity,Cost of Preference Shares and Weighted Average Cost of Capital.

5.Dividend Decision:Factors influencing Dividend Policy,Cash Dividend,Stock Dividend and Stock Split,Dividend Models,Walter’s Model,Gordon’s Model and Modi Gilani Miller Model.

PART II:LAW

Module-I

(i)The Central Sales Tax Act,1956,The Central Sales Tax Rules(Registration and Turnover),1956,and the Central Sales Tax(Kerala)Rules,1957:

Definitions-Interstate Sale-Interstate Trade or Commerce,Imports,Exports-Declared Goods-Authorities Registration of Dealers-Rates of Tax Determination of Turn over-Levy and  Collection of Tax-Appeal-Offences and Penalities.

(ii)The Kerala General Sales Tax Act,1963,and The Kerala General Sales Tax Rules,1963:

Definitions-Authorities-Incidence and Levy of Tax-Registration and Permit-Assessment and Collection-Inspection-Appeal and Revision-Refund-Offences and Penalities.

(iii)The kerala Value Added Tax Act,2003,and The Kerala Value Added Tax Rules,2005:

Definitions-Authorities-Incidence and Levy of Tax-Registration and Permit-Assessment-Recovery-Inspection-Appeal-Revision-Settlement of Cases-Refund-Offences and Penalties.

Module-II

(i)The Kerala Agricultural Income Tax Act,1991.and The Kerala Agricultural Income Tax Rules,1991:

Definitions-Authorities-Charge,Computation and Composition of Tax-Clubbing of Income-Procedure for assessment-Collection and Recovery-Appeal and Revision-Refund-Offences and Penalties.

(ii)The Kerala Money Lender’s Act,1958:

Definitions-Authorities-Licensing Procedure-Interest and Charges-Power to Deposit in Court-Duties of Money Lenders-Power to Cancel License-Offences and Penalities.

(iii)The Kerala Tax on Luxuries Act,1976,and The Kerala Tax on Luxuries Rules,1976:

Definitions-Authorities-Levy and Collection-Registration of Establishments-Returns-Compounding-Assessment and Collection-Confiscation-Refund-Appeal and Revision-Offences and Penalties.

(iv)The Kerala Revenue Recovery Act,1968,and The Kerala Revenue Recovery Rules,1968:

Definitions-Modes of Recovery of Arrears of Public Revenue-Procedural Formalities-Remedies.

Module-III

(i)The Indian Contract Act,1872:

Requisites of Contract-Formalties-Consideration-Void Agreements and Voidable Contracts-Vitiating Elements-Contingent Contract-Performance-Breach-Modes of Discharge of Contract Quasi Contract-Damages-Indemnity-Guarantee-Bailment Agency.

(II)Sale of Goods Act,1930:

Definitions-Contract of Sale-Effect-Performance-Rights and Liabilities of Seller and Buyer-Condition and Warranty-Auction Sale-Caveat Emptor-Remedies.

(III)Indian Partnership Act,1932,and The Limited Liability Partnership Act,2008:

Definitions-Nature-Relation of Partners-Types of Partnership-Rights and Liabilities of Partners-Modes of Dissolution-Incorporation-Liability-Investigation-Winding up and Dissolution

PART IIIa:Salient Features of Indian Constitution

Salient Features of the Constitution-Preamble-Its significance and its place in the interpretation of the Contitution.

Fundamental Rights-Directive Principles of State Policy-Relation between Fundamental Rights and  Directive Principles-Fundamental Duties.

Executive-Legislature-Judiciary-Both at Union and State Level-Other Constitutional Authorities.

Centre-State Relations-Legislative-Administrative and Financial.

Services under the Union and the States.

Emergency Provisions

Amendment Provisions of the Constitution

PART IIIb.Social Welfare Legislations and Programmes

Social Service legislations like Right to Information Act,Prevention of atrocities against Women & Childrens,Food Security Act,Environmental Acts etc.and Social  Welfare Programmes like Employment Guarantee Programme,Organ and Blood Donation etc.

PART IV a:RENAISSANCE IN KERALA TOWARDS A NEW SOCIETY

Introduction to English education-various missionary organizations and their functioning founding of educational institutions,factories,printing press etc.

EFFORTS TO REFORM THE SOCIETY

A.Socio-Religious reform Movements

SNDP Yogam,Nair Service Society,Yogakshema Sabha,Sadhu Jana Paripalana Sangham,Vaala Samudaya Parishkarani Sabha,Samathwa Samajam,Islam Dharma paripalana Sangham,Prathaksha Raksha Daiva Sabha,Sahodara Prasthnam etc.

B.Struggles and Social Revolts

Upper cloth revolts.Channar Agitation,Vaikom Sathyagraha,Guruvayoor Sathyagraha,Paliyam Sathyagraha.Kuttamkulam Sathyagraha,Temple Entry Proclamation,Temple Entry Act.Malayalee Memorial,Ezhava Memorial etc.Malabar riots,Civil Disobedience Movement,Abstention Movement etc.

ROLE OF PRESS IN RENAISSANCE

Malayalee,Swadeshabhimani,Vivekodayam,Mithavadi,Swaraj,Malayala Manorama,Bhashaposhini,Mathrubhoomi,Kerala Kaumudi,Samdarsi,Kesari,Al-Ameen,Prabhatham,Yukthivadi etc.

AWAKENING THROUGH LITERATURE

Novel,Drama,Poetry,Purogamana Sahithya Prasthanam,Nataka Prashtanam,Library Movement etc.

WOMEN AND SOCIAL CHANGE

Parvathi Nenmenimangalam,Arya Pallam,A V Kuttimalu Amma,Lalitha Prabhu,Akkamma Cheriyan,Anna Chandi,Lalithambika Antharjanam and others.

LEADERS OF RENAISSANCE

Thycaud Ayya Vaikundar,Sree Narayana Guru,Ayyan Kali,Chattampi Swamikal,Brahmananda Sivayogi,Vagbhadananda,Poikayil Yohannan(Kumara Guru)Dr.Palpu,Palakkunnath Abraham Malpan,Mampuram Thangal,Sahodaran Ayyappan,Pandit K P Karuppan,Pampadi John Joseph,Mannathu Padmanabhan,VT Bhattathirippad,Vakkom Abdul Khadar Maulavi,Makthi Thangal,Blessed Elias Kuriakose Chavara,Barrister G P Pillai,TK Madhavan,Moorkoth Kumaran,C.Krishnan,K P Kesava  Menon,Dr.Ayyathan Gopalan,C V Kunjuraman,Kuroor Neelakantan Namboothiripad,Velukkutty Arayan,K P Vellon,P K Chathan Master,K Kelappan,P.Krishna Pillai,A K Gopalan,T R Krishnaswami Iyer,C Kesavan.Swami Ananda Theerthan,M C Joseph,Kuttippuzha Krishnapillai and others

LITERARY FIGURES

Kodungallur Kunhikkuttan Thampuran,KeralaVarma Valiyakoyi Thampuran,Kandathil Varghese Mappila.Kumaran Asan,Vallathol Narayana Menon,Ulloor S  Parameswara Iyer,G Sankara Kurup,Changampuzha Krishna Pillai,Chandu Menon,Vaikom Muhammad Basheer KesavDev,Thakazhi Sivasankara Pillai,Ponkunnam Varky,S K Pottakkad and others

PART IV b:GENERAL KNOWLEDGE AND CURRENT AFFAIRS

General Knowledge and Current Affairs