DIRECT TAX II

Paper Code: 
BCP 513
Credits: 
03
Contact Hours: 
45.00
Max. Marks: 
100.00
Objective: 

Learning outcome (at course level)

Learning and teaching strategies

Assessment Strategies

  
 

CO 154: Analyze Appeals and Revision, Settlement of Tax Cases, Penalties, Offences & Prosecution

CO 155: Describe the Liability in Special Cases

CO 156:Compare and contrast the concept of equalization levy and model tax conventions

CO 157:Explain the concepts, principles and provisions of International Taxation and Non residents

CO 158:Comprehend and appreciate the country-by-country reporting requirements and matters related to tax treaties and FBPS

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

 

 

15.00
Unit I: 
  • Comprehensive computation of income-tax liability of companies and other entities under the alternative tax regimes under the Income-tax Act, 1961 to optimize tax liability - General provisions under the Act for computation of total income and tax liability of companies and other entities - Special tax regimes under the Act for companies and other entities
9.00
Unit II: 
  • Optimization of tax liability of companies and other entities through tax planning
  • Appeals and Revision; and Dispute Resolution
6.00
Unit III: 
  • Anti-avoidance provisions under the Act
6.00
Unit IV: 
  • Penalties and offences and prosecution, Miscellaneous Provisions, Tax Audit
9.00
Unit V: 
  • Provisions to address tax challenges on digitalization
Essential Readings: 

ESSENTIAL READINGS: 

  • Study Material Published by Institute of Chartered Accountants of India

 

SUGGESTED READINGS

  • Corporate Tax Planning and Management – Girish Ahuja & Ravi Gupta (Bharat Law House Pvt Ltd)
  • Direct Tax Law & Practice- Girish Ahuja & Ravi Gupta (Bharat Law House Pvt Ltd)
  • Study Material Published by ICAI
  • Scanner: Arun Kumar (Suchitra Prakashan P Ltd)

 

References: 

E-RESOURCES:

 

JOURNALS:

  • The Chartered Accountant Journal /ICAI Student Journal

 

Note- (1) 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

Note: If any new legislation(s) are enacted in place of an existing legislation(s), the syllabus will accordingly include the corresponding provisions of such new legislation(s) in the place of the existing legislation(s) with effect from the date to be notified by the Institute. Similarly, if any existing legislation(s) on direct tax laws ceases to be in force, the syllabus will accordingly exclude such legislation(s) with effect from the date to be notified by the Institute. Further, the specific inclusions/exclusions in any topic covered in the syllabus will be affected by way of Study Guidelines every year, if required. Specific inclusions/exclusions in a topic may also arise due to additions/deletions made every year by the Annual Finance Act.

 

Academic Year: 
2023-2024
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