Income Tax Law & Practice

Paper Code: 
25CATG301
Credits: 
4
Contact Hours: 
60.00
Max. Marks: 
100.00
Objective: 

This course will enable the students to acquire comprehensive knowledge of income tax computation and regulations, covering key concepts such as taxable income under various heads, deductions, exemptions, and provisions for individuals. It enables understanding and application of tax laws to compute total income and tax liability accurately.

 

Course Outcomes: 

Course

Learning outcome (at course level)

Learning and teaching strategies

Assessment Strategies

Course Code

Course title

 

25CATG301

Income Tax Law & Practice (Theory)

CO61:        Investigate        the

complete knowledge of basic

concepts  of  income  tax  &

salary    head    and    construct

residential status of a person.

CO62: Measure the income

under the heads Salaries.

CO63: Compute the income

under the head House Property and Business and Profession. CO64: Evaluate the income under the heads capital gain

and other sources.

CO65:     Acquire     knowledge

regarding        provisions       of

deemed income, set-off and

carry forward of losses and

assess    the    income    of    an

individual       after       defining

deductions U/S 80.

CO66: Contribute effectively in

course – specific interaction.

Approach

in

teaching:

Interactive

Lectures,

Discussion,

Tutorials,

Problem solving

sessions, Presentations Learning activities

for the

students:

Self-learning

assignments, Case

Study analysis,

Presentations,

Group discussions

Continuous

Assessment

Test,

Semester End

Examinations,

Quiz, Solving

numerical

problems,

Assignments, Class Presentations

,      Individual and       group

projects.

 

12.00
Unit I: 
Fundamentals of Income Tax for Individuals

·     Definitions Person, Assessee, Income, Previous Year, Assessment Year, Gross Total Income, Total Income

·    Residential Status of an individual and Scope of Total Income

The concept of Tax Rates under Old and Default tax regime for individuals

12.00
Unit II: 
Computation of Income under the head Salaries

Computation of Income Under the Head Salaries

12.00
Unit III: 
Computation of Income under the head House Property and Business and Profession:

·         Computation of Income under the Head House Property

Computation of Income under the head Business and Profession

12.00
Unit IV: 
Computation of Income under the head Capital Gain and Other Sources

·         Computation of Income under the head Capital Gains

Computation of Income under the Head Other Sources

12.00
Unit V: 
Assessment of Individual

·         Deemed Income

·         Set off and carry forward of Losses

·         Deductions from Gross Total Income: 80C, 80D, 80DD, 80DDB, 80E, 80EEB, 80G, 80TTA, 80TTB & 80U

Assessment of Individual

Essential Readings: 
  • Income Tax- Agarwal, Jain, Sharma, Shah, Mangal (Ramesh Book Depot)
  • Income Tax-Patel, Chaudhary, Sharma, Modi, Bardia
  • Girish Ahuja, Ravi Gupta. Professional Approach to Direct Tax, Bharat Law House Pvt. Ltd, New Delhi
  • Yogendra Bangar Direct Taxes, Aadhya Publications

 

References: 
  • Professional Approach to Direct Taxes- Girish Ahuja& Ravi Gupta (Bharat Law House Pvt Ltd, New Delhi
  • Direct Tax Laws- T.N Manoharan, Snowwhite Publications (P) Ltd
  • Direct Tax Law and Practice- V.K Singhania (Taxmann Publication, New Delhi)
  • Law and Practice of IncomeTax, MrDinkar Pagare, (M/S Sultan Chand& Sons)
  • Income Tax for Students-Sharad Bhargav, (Mashbara Industries)
  • Income Tax; Law and Accounts:- H.C Mehrotra(Sahitya Bhawan)

 

Academic Year: 
2025-2026
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