DIRECT TAX

Paper Code: 
BCS 216
Credits: 
06
Contact Hours: 
90.00
Max. Marks: 
100.00
Objective: 

Course Objectives:

This course will enable the students to understand working knowledge on practical application of Direct Tax Laws.

Course Outcomes (COs):      

Course

Course Outcomes

Learning and teaching strategies

Assessment

Strategies

Course Code

Course Title

BCS 216

 

Direct Tax

 

CO 79:Categorize different concepts of Income Tax. Assessing the determination of residential status and scope of total  income.

CO 80:Assess special provisions of income tax   related to Computation of Taxable income under the head Salaries.

CO 81:Develop an understanding regarding the provisions of House Property and computation of Taxable Income

CO 82:Integrate provisions of Income Tax act related to computation of Income under the head Business or

Profession and Capital Gain.

CO 83:Identify the income from other sources along with provisions relating to clubbing, set off and carry forward.

CO 84:Contribute effectively in course – specific interaction.

Approach in teaching:
Interactive Lectures, Discussion, Tutorials, Reading assignments, Interactive White Board, Incorporating technology in teaching
 

Learning activities for the students:
Self learning assignments, Effective questions

Class test, Semester end examinations, Quiz,  Assignments, Class interaction, Presentation, Case study analysis, Open ended questions, think-pair-share, Socratic seminar

 

18.00
Unit I: 

Direct Tax at a Glance: An Introduction, Characteristics of Taxes, Objectives of Taxation, Direct vs. Indirect Tax, Background of Taxation system of India, Tax Structure & Administration

Basic Concept of Income Tax: An overview of Finance Bill, Definitions, Capital and Revenue Receipts and Expenditure, Residential Status, Basis of Charge, Scope of Total Income

 

 

18.00
Unit II: 

Income under the Head Salary.

 

10.00
Unit III: 

Income under the Head House Property

 

26.00
Unit IV: 

Profits and Gains from Business and Profession

Capital gains

 

18.00
Unit V: 

Income from other sources

Clubbing provisions and Set-off, or carry forward and set-off of losses: Income of other persons included in Assessee’s total income, aggregation of income, set off and /or carry forward of losses.

 

Essential Readings: 

Essential Readings::

Study Material Published by ICSI

 

Suggested Readings:

 

Scanner-ArunKumar(ShuchitaPrakashans(P) Ltd)

 

References: 

E- Content:

https://www.icsi.edu/student-n/new-syllabus-2022/studymaterial2023/executive-program/

https://www.icsi.edu/e-journals/

 

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: 
2023-2024
  • Printer-friendly version
  • PDF version