INCOME TAX LAW & PRACTICES I

Paper Code: 
BSR 311
Credits: 
3
Contact Hours: 
45.00
Max. Marks: 
100.00
Objective: 

Course Outcomes(COs):

Course Outcomes

Learning and teaching strategies

Assessment Strategies

 
 

On completion of this course, the students will be able to:

CO 83: Investigate the complete knowledge of basic concepts of income tax and provisions of agricultural income.

CO 84: Construct residential status of a person.

CO 85: Measure the income under the head” Income from Salary”.

CO 86: Calculate income under the head “Income from House Property”.

CO 87: Assess income under the head “Income from Business & Profession

 

Interactive Lectures, Discussion, Tutorials, Team teaching

 

 

Class test, Semester end examinations, Quiz, Solving problems in tutorials, Assignments, Presentation, Individual and group projects

  

 

7.00

Definitions  Person, Assessee, Income, Previous Year, Assessment Year,   Gross Total Income, Total Income, Residential Status and Scope of Total Income

15.00

Computation of Taxable Income Under the Head Salaries

7.00

Computation of Taxable Income under the Head House Property

6.00

Depreciation and Other Deductions

10.00

Computation of Taxable Income under the head Business and Profession

Essential Readings: 
  • Agarwal, Jain, Sharma, Shah,&Mangal Income Tax   Ramesh Book Depot
  • Patel, Chaudhary, Sharma, Modi, &BardiyaIncome Tax  ChaudharyPrakashan

 

References: 

SUGGESTED READINGS:

  • Ahuja,G.& Gupta, R. Professional Approach to Direct Taxes   Bharat Law House Pvt Ltd, New Delhi
  • Manoharan, T.N. Direct Tax LawsSnowwhite Publications (P ) Ltd
  • Singhania , V.K. Direct Tax Law and PracticeTaxmann Publication, New Delhi
  • Pagare,D.Law and Practice of IncomeTax   M/S Sultan Chand& Sons
  • Bhargav,S.Income Tax for StudentsMashbara Industries
  • Mehrotra, H.C. Income Tax Law and AccountsSahityaBhawan

 

e  RESOURCES:

JOURNALS:

  • Tax World
  • Indian Journal of Finance
  • IUP Journal of Applied Finance
  • The Indian Journal of Commerce

 

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.

 

Academic Year: 
2022-2023
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