Income Tax Law and Practices II

Paper Code: 
BSG 411
Credits: 
3
Contact Hours: 
45.00
Max. Marks: 
100.00
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

Computation of taxable income under the head Capital Gain

10.00

Computation of Taxable Income under the head Income
from Other Sources 

Deemed Income

10.00

Set off and carry forward of Losses,
Deductions from Gross Total Income,

10.00

Tax Rates, Rebates and Reliefs, Assessment of Individual

5.00

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
Assesment, Introduction to TDS and Advance Payment of
Tax

Essential Readings: 

Professional Approach to Direct Taxes- Girish Ahuja& Ravi Gupta( Bharat Law
House Pvt Ltd, New Delhi
2. Income Tax-Patel, Chaudhary, Sharma, Modi, Bardiya(Choudhary Prakashan)
3. Income Tax- Agarwal, Jain, Sharma ,Shah, Mangal ( Ramesh Book Depot)

Academic Year: