Taxation Law & Practice

Paper Code: 
(MED-121)
Credits: 
3
Contact Hours: 
60.00
Objective: 

The Objective of this course is to gain knowledge of Wealth Tax and Corporate Tax and their application

9.00
Unit I: 
Wealth Tax Act and Rules:

: Definition of Wealth Tax, Charge and Scope of Wealth Tax, Deemed Assets, Exempted Assets, Valuation of Assets as per wealth tax act

9.00
Unit II: 

Computation of Net Wealth and Wealth Tax, Procedure of Assessment, Liability for Assessment in special cases, Appeals, Revisions and References, Payment ,  Recovery and Refund of Wealth Tax

9.00
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.

Unit IV: 
Assessment of Co-Operative Societies-

Detailed Study of Income Tax law and rules with reference to assessment of Co-Operative Societies. Computation of Tax Liability. Assessment Procedure.

9.00
Unit V: 
Assessment of Non- Residents& Charitable Trust-

Detailed Study of Income Tax law and rules with reference to assessment of Non-Residents and  Charitable Trust. Computation of Tax Liability. Assessment Procedure.

Essential Readings: 

1.    Professional Approach to Direct Taxes- Girish Ahuja& Ravi Gupta( Bharat Law House Pvt Ltd, New Delhi
2.    Wealth Tax and Corporate Tax- Patel, Chouduhary, Sharma, Modi, Bardiya(Choudhary Praskashan)
3.    Income Tax and Central Sales Tax- B.B Lal, N Vashisht (Peasosn Educatio)1.    Direct Tax Laws- T.N Manoharan, Snowwhite Publications (P) Ltd
2.    Direct Tax Law and Practice- V.K Singhania  (Taxmann Publication, New Delhi)
3.    Law and Practice of IncomeTax, Mr Dinkar Pagare, (M/S Sultan Chand& Sons)
4.    Income Tax for Students-Sharad Bhargav, (Mashbara Industries)
5.    Income Tax; Law and Accounts:- H.C Mehrotra(Sahitya Bhawan)
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
 

References: 

1.    Direct Tax Laws- T.N Manoharan, Snowwhite Publications (P) Ltd
2.    Direct Tax Law and Practice- V.K Singhania  (Taxmann Publication, New Delhi)
3.    Law and Practice of IncomeTax, Mr Dinkar Pagare, (M/S Sultan Chand& Sons)
4.    Income Tax for Students-Sharad Bhargav, (Mashbara Industries)
5.    Income Tax; Law and Accounts:- H.C Mehrotra(Sahitya Bhawan)
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: 
2018-2019
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