Income tax law and accounting : a new approach / Virgilio D. Reyes

1 -- Introduction -- 2 -- Tax on citizens of the Philippines -- 3 -- Tax on Domestic Acorporations -- 4 -- Tax on Partnerships -- 5 -- Gross Income: Inclusions and Exclusions -- 6 -- Income from Business, Dividend and Interest -- 7 -- Gains and Losses from Sales or Exchanges of Assets -- 8 -- Income from Rents and from Framing -- 9 -- Income from Services and from other Sources -- 10 -- Premium on Hospitalization and Health Insurance -- 11 -- Optional Standard Deduction -- 12 -- Itemized Deductions, in General -- 13 -- Taxes and Fringe Benefits -- 14 -- Interest and Losses -- 15 -- Bad Debts, Pension Trust and Research Costs -- 16 -- Contributions, Depreciation, Depletion and Others -- 17 -- Taxable Income and Income Tax -- 18 -- Filing of Return and Payment of Tax -- 19 -- Tax Credit for Foreign Income Tax -- 20 -- Tax on Capital Gain on Shares of Stock and Real Property -- 21 -- Installments Sale of Property -- 22 -- Corporate Resdjustments -- 23 -- Wash Sale -- 24 -- Dicovery of Undeclared Income -- Appendices -- Plates</br>

This book brings to fore a reality - that income taxation are rules in the law nor strictly a book in accounting. An ideal book for a student is one that does not overwhelm him, especially the beginning chapters, and yet provides materials for intelligent discussion in the classroom on the basic elsewhere in the book, giving the teacher discretion on the knowledge he requires beyond the basic.