CBSE Class 11 Accounting Taxation

Read and download CBSE Class 11 Accounting Taxation in NCERT book for Class 11 Accountancy. You can download latest NCERT eBooks chapter wise in PDF format free from Studiestoday.com. This Accountancy textbook for Class 11 is designed by NCERT and is very useful for students. Please also refer to the NCERT solutions for Class 11 Accountancy to understand the answers of the exercise questions given at the end of this chapter

NCERT Book for Class 11 Accountancy Taxation

Class 11 Accountancy students should refer to the following NCERT Book Taxation in Class 11. This NCERT Book for Class 11 Accountancy will be very useful for exams and help you to score good marks

Taxation NCERT Book Class 11

Accounting-Taxation

7.1 Direct Taxes

A direct tax is paid by a person upon whom it is legally imposed; its effect is borne by the tax payer, for example, income tax. Income tax is paid by an individual, a Hindu undivided family, a company, a firm, and local bodies etc. on their incomes. The effect of this tax is borne by these tax payers themselves, the tax payer cannot shift the incidence of the tax upon somebody else. In other words a direct tax is demanded from the very person who it is intended or devised for. Another example of a direct tax is wealth tax. We will be discussing income tax in detail here.

7.2 Income Tax

Income tax is a direct tax which is levied on the incomes of individuals and registered bodies. It is a very big source of government revenues. This tax is collected by the income tax department of the government mostly from such pointor p;aces where the income is generated. For example the income tax on the salary income of individuals is deducted from their salaries by their employers who, in turn, deposit it with the government. Following are the various terms used in income tax.

(i) Previous year : According to Section 3 of the Income Tax Act a previous year means a financial year immediately preceeding the assessment year. For example, for the assessment year, 2006 - 2007, the year 2005 - 2006 will be the previous year, i.e, for the assessment year 2006 - 07 the year starting from 1 April, 2005 and ending on 31 March, 2006 will be the previous year. (ii) Assessment year : According to Section 2(a) of the Income Tax Act, an assessment year means a period of twelve months beginning from 1 April and ending on 31 March. For example, the assessment year 2006 - 2007 will include the period starting from 1.4.2006 and ending on 31.3.2007. The assessment year starts from 1 April of a year and ends on 31 March of the next year.

The income earned in a year is assessed for the payment of tax in the next year. For example, Mohan earned an income of Rs 10,00,000 during the financial year starting from 1.4.2005 and ending on 31.3.2006. He is supposed to pay tax on this income during the next year starting from 1.4.2006 and ending on 31.3.2007. Here the year starting from 1.4.2005 and ending on 31.3.2006 (2005 - 2006) will be the previous year and the year starting from 1.4.2006 and ending on 31.3.2007 (2006 - 2007) will be the assessment year. Therefore, the year in which income is taxable is called the assessment year. In other words we can say that previous year is a year immediately preceeding the assessment year and the assessment year is a period twelve months starting 1 April of a year and ending on 31 March of the next year.

(iii) Calendar year : It is the year having twelve months beginning from 1 January and ending on December 31. This means that the calendar year 2007 is the year which began on 1.1.2007 and will end on 31.12.2007.

(iv) Financial year : It is the period of twelve months starting from 1 April of calendar year and ending on March 31 of the next calendar year. It means that financial year 2006 - 2007 is a period of twelve months which started from 1.4.2006 and ended on 31.3.2007.

(v) Accounting year : It is a period of twelve months beginning from any date. It may be from 1 January to 31 December; from April 1 to March 31 ; from July 1 to June 30; from October 1 to September 30.

(vi) Persons : According to Section 2(31) of the Income Tax Act a person includes the following

An individual

A hindu undivided family

A company

A firm

An association of persons, a body of individuals, whether incorporated or not

A local authority, and

An artificial jurisdical person not included in any of the above.

(vii) Assessee : According to Section 2(7) of the Income Tax Act an assessee means a person Who is liable to pay any tax or any other sum of money (interest, fine, penality etc). Under this Act iirrespective of whether any proceeding under this Act has been undertaken for assessment of his income, or the income of any other person in respect of which he is assessable or, of the loss sustained by him or by such other person, or the amount of refund due to him or to such other.

 

Please refer to the link below - CBSE Class 11 Accounting-Taxation

Chapter 02 Theory Base of Accounting
NCERT Class 11 Accountancy Theory Base of Accounting
Chapter 03 Recording of Transactions-I
NCERT Class 11 Accountancy Recording of Transaction I
Chapter 04 Recording of Transactions-II
NCERT Class 11 Accountancy Recording of Transactions II
Chapter 05 Bank Reconciliation Statement
NCERT Class 11 Accountancy Bank Reconciliation Statement
Chapter 06 Trial Balance and Rectification of Errors
NCERT Class 11 Accountancy Trail Balance and Rectification of Errors
Chapter 07 Depreciation, Provisions and Reserves
NCERT Class 11 Accountancy Depreciation Provision and Reserves
Chapter 09 Financial Statements - I
NCERT Class 11 Accountancy Financial Statements I
Chapter 10 Financial Statements - II
NCERT Class 11 Accountancy Financial Statements II
Chapter 11 Accounts from Incomplete Records
NCERT Class 11 Accountancy Accounts from Incomplete Records
Chapter 12 Applications of Computers in Accounting
NCERT Class 11 Accountancy Applications of Computers in Accounting
Chapter 13 Computerised Accounting System
NCERT Class 11 Accountancy Computerised Accounting System
Chapter 14 Structuring Database for Accounting
NCERT Class 11 Accountancy Structuring Database for Accounting
Chapter 15 Accounting System Using Database Management System
NCERT Class 11 Accountancy Accounting System Using Database Management System

Accountancy NCERT Book Class 11 Taxation

The above NCERT Books for Class 11 Accountancy Taxation have been published by NCERT for latest academic session. The textbook by NCERT for Taxation Accountancy Class 11 is being used by various schools and almost all education boards in India. Teachers have always recommended students to refer to Taxation NCERT etextbooks as the exams for Class 11 Accountancy are always asked as per the syllabus defined in these ebooks. These Class 11 Taxation book for Accountancy also includes collection of question. We have also provided NCERT solutions for Class 11 Accountancy which have been developed by teachers of StudiesToday.com after thorough review of the latest book and based on pattern of questions in upcoming exams for Class 11 students.

NCERT Book Class 11 Accountancy Taxation

The latest NCERT book for Taxation pdf have been published by NCERT based on the latest research done for each topic which has to be taught to students in all classes. The books for Class 11 Accountancy Taxation are designed to enhance the overall understanding of students. All Class 11 NCERT textbooks have been written in an easy to understand language which will help to enhance the overall level of Class 11 students. 

Taxation NCERT Book Class 11 Accountancy

As the students of Class 11 need the books for their regular studies, we have provided all NCERT book for Taxation in pdf here for free download. All pdf NCERT books available here for Class 11 will help them to read on their mobile or computers. They can take a print of the Class 11 Accountancy NCERT Book Taxation pdf easily and use them for studies. The NCERT textbooks for Class 11 Accountancy have been provided chapter-wise and can be downloaded for free of cost. 

Class 11 Accountancy Taxation NCERT Book

Along with Accountancy Class 11 NCERT Book in Pdf for Taxation we have provided all NCERT Books in English Medium for Class 11 which will be really helpful for students who have opted for english language as a medium. Class 11 students will need their books in English so we have provided them here for all subjects in Class 11.

Class 11 Taxation NCERT Book Accountancy

For Class 11 Taxation we have provided books for students who have opted for Hindi and Urdu medium too. You can click on the links provided above to download all Hindi medium Class 11 Accountancy Taxation book in easy to read pdf format. These books will help Class 11 Accountancy students to understand all topics and also strictly follow latest syllabus for their studies. If you are looking to download the pdf version of Class 11 Accountancy Taxation textbook issued by NCERT then you have come to the correct website

Where can I download latest NCERT Book for Class 11 Accountancy Taxation

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