Income Tax Law and Practices-II

Paper Code: 
COM 401
Credits: 
03
Objective: 

To gain knowledge of the basic principles underlying the substantive provisions of the Income Tax Law and their application in computation of income of an individual under various heads of Income

10.00
Unit I: 

Computation of taxable income under the head Capital Gain

5.00
Unit II: 

Computation of Taxable Income under the head Income from other Sources,Deemed Income.

10.00
Unit III: 

Set Off and Carry Forward of Losses, Deductions from Gross Total Income.

14.00
Unit IV: 

, Tax Rates, Rebates and Reliefs, Assessment of Individual,

6.00
Unit V: 

Procedure of Assessment- Filling of Return as Statutory Obligation, Timing of Filing of Return of Income, Defective of Incomplete Return, Belated Return of Income, Permanent Account Number (PAN), Signature on Return, Types of Assessment, Introduction of TDS, Advance Payment of Tax

 

Note- The candidate shall be permitted to use battery operated pocket calculator that should not have more than 12 digits, 6 functions and 2 memories and should be noiseless and cordless

Essential Readings: 
  1. Professional Approach to Direct Taxes- Girish Ahuja& Ravi Gupta( Bharat Law House Pvt Ltd, New Delhi
  2. Income Tax-Patel ,Choudhary, Sharma, Modi, Bardiya (Choudhary Prakashan)
  3. Income Tax- Agarwal, Jain, Sharma ,Shah, Mangal ( Ramesh Book Depot)
References: 
  1. Direct Tax Laws- T.N Manoharan, Snowwhite Publications (P) Ltd
  2. Direct Tax Law and Practice- V.K Singhania  (Taxmann Publication, New Delhi)
  3. Law and Practice of IncomeTax, Mr Dinkar Pagare, (M/S Sultan Chand& Sons)
  4. Income Tax for Students-Sharad Bhargav, (Mashbara Industries)
  5. Income Tax; Law and Accounts:- H.C Mehrotra(Sahitya Bhawan)
Academic Year: 
2018-2019
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