Income taxation : laws, principles and applications /
Rex B. Banggawan.
- 2023-2024 edition.
- 705 pages ; 24 cm.
Part I. Introductory concepts -- Introduction to taxation -- Taxes, tax laws, and tax administration -- Part II. Income recognition, measurement and reporting, and taxpayer classifications -- Introduction to income taxation -- Tax schemes, periods, and methods and reporting -- Part III. Special income taxation -- Final income taxation -- Capital gains taxation -- Part IV. Regular income taxation -- Introduction to regular income taxation -- Unit 1. General rules on gross income -- Regular income taxation - exclusions in gross income -- Regular income taxation - inclusions in gross income -- Unit 2. Special rules on gross income -- Compensation income -- Fringe benefits taxation -- Dealings in properties -- Unit 3. Deductions on gross income -- Principles of deductions -- Ordinary allowable itemized deductions -- Special allowable itemized deductions and net operating loss carry-over -- Optional standard deduction -- Unit 4. Specific regular tax rules per taxpayer class -- Sub-Unit 1. Special regular tax rules for individual taxpayers -- Individual income taxation -- Sub-Unit 2. Special regular tax rules for corporate taxpayers -- Corporate income taxation - special corporations -- Corporate income taxation - regular corporations.
"The book is a principle-based structural presentation of Income Taxation. It is aimed to provide readers with a thorough understanding and mastery of Income Taxation by teaching taxation as a whole body of interconnected concepts. Its concept-based orientation assists readers to understand rather than simply memorize tax rules. The accounting and legal technicalities of taxation are comprehensively discussed and illustrated, making it highly comprehensible even to non-technical readers. The book is comprehensive and well organized. The arrangement and presentation of the topics promote easier understanding, mastery and long term retention. The book thoroughly discussed updates in detail and connects theory and practice by providing detailed practical application of tax rules. It is self-taught. Readers can learn Income Taxation even with minimal teacher supervision"-- Back cover.