Taxation Law & Practice

Paper Code: 
MED -121
Credits: 
6
Contact Hours: 
90.00
Max. Marks: 
100.00
Objective: 

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

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 HUF

Assesssment of Firms including LLP

18.00

Assessment of AOP

Assessment of trust & Political Parties

18.00
Unit III: 
Assessment of Companies:

 Detailed Study of Income Tax law and rules with reference to assessment of companies including Dividend Distribution Tax. 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: 
  1. Professional Approach to Direct Taxes- GirishAhuja& Ravi Gupta( Bharat Law House Pvt Ltd, New Delhi
  2. Income Tax and Central Sales Tax- B.B Lal, N Vashisht (Peasosn Education)

 

 

References: 

Reference Books

  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, MrDinkarPagare, (M/S Sultan Chand& Sons)
  4. Income Tax for Students-SharadBhargav, (Mashbara Industries)
  5. Income Tax; Law and Accounts:- H.C Mehrotra(SahityaBhawan)

 

 

 

 

 

 

 

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: 
2019-2020
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