1. TAX LAWS REFERENCE : “ BUSINESS ENVIRONMENT” By SHAIKH SALEEM , Chap 8

7. OVERVIEW ON TYPES OF TAXES CITIZEN BREATHING TAX? SLEEPING TAX? WALKING TAX? T NOT DOING ANYHING TAX? PROFESSIONAL TAX ENTERTAINMENT TAX TOLL TAX CESSES ENTRY OCTROI TAX SALES TAX CUSTOMS DUTIES EXCISE DUTIES INCOME TAX WEALTH TAX GIFT TAX DEATH TAX SERVICE TAX LUXURY TAX CORPN TAX ORIGIN OF THE WORD “TAX”: TAXARE =TO TOUCH SHARPLY

21. INDIAN INDIRECT TAXATION : AN OVERVIEW INDIRECT TAXES CAN BE ON GOODS OR “NON-GOODS” # CUSTOMS DUTY GOODS ON GOODS IMPORTED /EXPORTED # EXCISE DUTY ON GOODS PRODUCED OR MANUFACTURED From and to outside “ INDIA” IN INDIA

30. V.A.T . WHAT IS V.A.T. AND WHAT IT IS NOT VALUE ADDED TAX A METHOD TO ELIMINATE DOUBLE TAXATION ON THE SAME TRANSACTION THIS IS NOT VAT !#*&*

31. VAT : CHARECTERISTICS MULTIPOINT TAXATION: TAX AT EVERY POINT OF SALE EFFECTIVE TAX AT EVERY POINT OF SALE: ONLY ON THE VALUE ADDITION AT EACH POINT OF SALE METHODOLOGY ADOPTED IS BY A SYSTEM OF OFFERING CREDIT OF TAX TO THE BUYER . HE USES THIS FOR PAYING TAX ON HIS SALES PURCHASED SOLD DESTINATION BASED. ENTIRE BURDEN ON CONSUMER

32. VAT :CLARITY OF ISSUES WHAT IS <VALUE ADDITION> VALUE ADDITION WITHOUT ANY CHANGE IN THE PRODUCT EG: TRADING OR RESALE VALUE ADDITION RESULTING IN A NEW PRODUCT EG: MANUFACTURE OF NEW GOODS FROM OTHER GOODS WE MAKE TASTY FOOD CAR DEALER

33. FINANCIAL REGULATION IN INDIA

36. Types of Financial Markets Types of Financial Markets Types of Financial Markets Types of Financial Markets Types of Financial Markets Types of Financial Markets Capital Market Money Market Forex Market Equity Debt Retail Corporate Banks FI FIIs T-Bills Call Money ICD, CP, CD Banks Corporate FI, FIIs Spots Forwards Banks Corporate FI, FIIs Agriculture Produces, Metals, Financial futures like Interest rate, currency, indices etc Banks, FIs Corporate Derivatives Market

37. Structure of Indian Financial Markets Structure of Indian Financial System GOI Ministry of Finance RBI SEBI Depositories Companies Broker Dealers Clearing Corporations Stock Exchanges Mutual Funds Banks Registrar of Companies Merchant Bankers Registrar & Transfer Agents Primary Dealers GOI Dept of Co. Affairs Depository Participants GOI Ministry of Finance RBI SEBI Depositories Companies Broker Dealers Clearing Corporations Stock Exchanges Mutual Funds Banks Registrar of Companies Merchant Bankers Registrar & Transfer Agents Primary Dealers GOI Dept of Co. Affairs Depository Participants

40. Financial Sector Regulators Regulators Reserve Bank of India (RBI) Securities & Exchange Board of India (SEBI) Insurance Regulatory and Development Authority (IRDA) Banks Capital Markets/ Mutual Funds Insurance Companies

41. Banking in India Legal framework of Banks Banking Regulation Act,1949 Reserve Bank of India Act,1934

43. Reserve Bank of India CENTRAL BANK RBI REGULATOR SUPERVISOR FACILITATOR

59. QUESTIONS ?

60. THANK YOU