DIRECT TAX - I

Paper Code: 
BCP 412
Credits: 
6
Contact Hours: 
60.00
Max. Marks: 
100.00
Objective: 

Course Outcomes (COs):

Learning outcome (at course level)

Learning and teaching strategies

Assessment Strategies

  
 

CO 116:Analyze and interpret the provisions of direct tax laws and recommend solutions to practical problems.

CO 117: Compute income under various heads after allowing deductions available there under and appreciate the general provisions contained in General of chapter VI A relating to deductions in problem solving

CO 118:Address the issues related to taxation of charitable and religious trust and institutions, political parties and electoral trusts

CO 119:Examine the special provisions relating to companies, trusts, AOP, firm and LLP

CO 120:Compare and contrast Tax Planning, Tax Avoidance & Tax Evasion

CO 121:Examine the provisions relating Income-tax Authorities, Procedure for assessment and Collection & Recovery of Tax, Refunds

Interactive Lectures, Discussion, Tutorials, Reading assignments. Self-learning assignments, Effective questions, Seminar presentation,

 

Class test, Semester end examinations, Quiz, Solving problems in tutorials, Assignments, Presentation, Individual and group projects

  

 

36.00
Unit I: 
  • Comprehensive computation of income tax liability under the alternative tax regimes under the Income-tax Act, 1961 to optimise tax liability

 

15.00
Unit II: 
  • Deduction, Collection and Recovery of Tax

 

15.00
Unit III: 
  • Special Provisions relating to charitable and religious trust and institutions Special Provisions relating to political parties and electoral trusts, business trusts, securitization trusts, investment funds and other funds/trusts

 

12.00
  • Income-tax Authorities
  • Assessment Procedures

 

12.00
Unit V: 
  • Provisions to counteract unethical tax practices - Taxation of undisclosed income under the Income-tax Act, 1961, Taxation of undisclosed foreign income and assets

 

 

Essential Readings: 

ESSENTIAL READINGS: 

  • Study Material Published by Institute of Chartered Accountants of India

 

SUGGESTED READINGS:

  • Girish Ahuja & Ravi Gupta, Direct Tax Law & Practice- (Bharat Law House Pvt Ltd)
  • H.PRanina, Corporate Taxation –-(Orient Law House, Allahabad)
  • Carl Fonntag& CS Mathur, Principles of International Taxation-(Butterworths Lexis Nexis New Delhi)
  • Scanner: Arun Kumar (Suchitra Prakashan P Ltd)

 

References: 
Academic Year: 
2023-2024
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