TAXATION LAW & PRACTICE

Paper Code: 
ATG/BSG/FSG 121
Credits: 
6
Contact Hours: 
90.00
Max. Marks: 
100.00
Objective: 

Course Outcomes

Learning outcome (at course level)

Learning and teaching strategies

Assessment Strategies

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

 

CO1. Understand the provisions of the Income Tax Act, 1961, the difference between direct and indirect tax and assessment of Firm and AOP.                       

CO2. Gain the working knowledge of assessment of HUF.

CO3. Understand special provisions of income tax related to the assessment of companies.                             

CO4. Develop an understanding of the different residential status and assessment of non- Resident Indians.

CO5. Understand assessment in special cases such as successor, executor and   representatives.

CO6. Understand Penalties and Offences applicable under the Income Tax Act.

                   

Interactive Lectures, class Discussion, Tutorial, Assignments & Application based questions

Class test, Semester end examinations, Quiz, Solving Numerical problems in tutorials, Assignments, Class Presentation

 

18.00
Unit I: 
  • Overview of Direct Taxes: Canons of Taxation, Requirement of good Tax Structure, Taxes vs. Fees, Constitutional Background for Direct and Indirect Tax, Difference Between Direct and Indirect Tax
  • Assessment of Firms including LLP.
  • Assessment of AOP

 

18.00
Unit II: 
  • Assessment of HUF

 

18.00
Unit III: 
  • Assessment of Companies: Detailed Study of Income Tax law and rules with reference to Assessment of companies. Computation of Tax Liability. Assessment Procedure.

 

 

18.00
Unit IV: 
  • Assessment of Non- Residents: 
  • Residential status and Scope of Income
  • Presumptive taxation, Exempt income of Non-residents
  • Special provisions u/s 115C to 115I

 

18.00
Unit V: 
  • Liability in Special cases: Legal representative, Representative assessee, Successor of business, Executor and Administrator
  • Penalties and Offences under income tax

 

Essential Readings: 
  • Income Tax- Agarwal, Jain, Sharma, Shah, Mangal (Ramesh Book Depot) (Unit I and II)
  • Income Tax-Patel, Chaudhary, Sharma, Modi, Bardiya (Unit I and II)
  • Direct Tax-Shah, Mangal, Mendiratta, Saini (Ramesh Book Depot) (Unit III, IV and V)

 

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)

 

e-RESOURCES:

 

JOURNALS:

  • Tax World

 

Academic Year: 
2022-2023
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