Taxation Law & Practice

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

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

18.00
Unit II: 

Assessment of Firm and Limited Liability Partnership firms
Assessment of AOP

18.00
Unit III: 

Tax Deducted at Source: Who shall deduct tax at source , TDS on
Salaries, TDS on Immovable Property, TDS on Contractor, TDS on Rent,
TDS Certificates, Impact of Non-compliance to TDS, Deposit of TDS,
Filing of Return, Assessment Procedure, Refund of TDS
Advance Payment of tax including calculation of interest.

18.00
Unit IV: 

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 V: 

Assessment of Non- Residents: Detailed Study of Income Tax law and rules with reference to assessment of Non-Residents.
Concept and problems of Transfer Pricing

Essential Readings: 

 1. Professional Approach to Direct Taxes- Girish Ahuja& Ravi Gupta( Bharat Law House Pvt Ltd, New Delhi
2. Income Tax and Central Sales Tax- B.B Lal, N Vashisht (Peasosn Education)

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)

Academic Year: 
2015-2016
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