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IIS University

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It is a University which is committed to excellence and overall development of the student and one where talent is nurtured and honed in the best possible manner. Come, be a part of our never-ending journey of accomplishments and accolades.

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Admissions

It is a University which is committed to excellence and overall development of the student and one where talent is nurtured and honed in the best possible manner. Come, be a part of our never-ending journey of accomplishments and accolades.

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Placements

Excellent education not only imparts knowledge, but also paves the way for a promising and successful career. The Placement Cell at The IIS University has numerous success stories to narrate in this regard...

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Life@IIS Univ

Life @ IISU is nothing less than a kaleidoscope of myriad hues; complete with vibrant events and memorable occasions to cherish for a lifetime.

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Academics

Taking the age-old tradition of enlightenment through education forward, The IIS University - in its continuous pursuit of excellence - firmly believes that an institution’s academic profile determines its worth and value. Therefore, on offer are a wide variety of both conventional and contemporary programmes of study.

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Research

To stimulate curiosity and cater to the global needs of a dynamic education, The IIS University - since inception - has been promoting and encouraging research-based experiential learning among all its students.

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About Us

The IIS University, with its perfect amalgamation of innovation, inspiration and synergy, aims to be a model institution for students across disciplines and programmes.

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IIS Univ
  • Admissions

    It is a University which is committed to excellence and overall development of the student...

  • Placements

    Excellent education not only imparts knowledge, but also paves the way for...

  • Life@IIS Univ

    Life @ IISU is nothing less than a kaleidoscope of myriad hues; complete with...

  • Academics

    Taking the age-old tradition of enlightenment through education forward,...

  • Research

    To stimulate curiosity and cater to the global needs of a dynamic education,...

  • About Us

    The IIS University, with its perfect amalgamation of innovation, inspiration...

IIS (Deemed to be University)

Gurukul Marg, SFS, Mansarovar, Jaipur 302020, (Raj.) India

Phone:- +91-141-2400160-61, 2397906-07,

Fax: 2395494,2781158, Toll Free No.: 1800 180 7750

INCOME TAX LAW & PRACTICES II | Business Studies

INCOME TAX LAW & PRACTICES II

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Paper Code: 
COM 401
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:

CO124: Estimate the income under the head “Income from Capital Gain” & “Other Sources”.

CO125: Acquire knowledge regarding provisions of set off and carry forward of losses along with deemed income.

CO1236: Student will measure the total income of an individual after defining deductions U/S 80 C to 80 U.

CO127: Student will compute tax liability of an individual.

CO128: Devise the  amendments made from  time to time in Finance Act.

Interactive Lectures, Discussion, Tutorials, Team teaching

 

 

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

 

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: 

ESSENTIAL READINGS:

  • Agarwal, Jain, Sharma, Shah, & Mangal Income Tax   Ramesh Book Depot
  • Patel, Chaudhary, Sharma, Modi & Bardia Income Tax Chaudhary Prakashan

 

 

References: 

SUGGESTED READINGS:

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

 

 

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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