Direct Tax Laws and Practice-I

Paper Code: 
BCS 216
Credits: 
3
Contact Hours: 
45.00
Max. Marks: 
100.00
Objective: 

To acquire knowledge of practical and procedural aspects relating to Direct Tax Laws

Basics and Definitions – Income Tax Act , 1961
• Background, Concept and Mechanism of Income Tax
• Definitions, Concept of Income, Previous Year, Assessment Year, Distinction between Capital and Revenue Receipts and Expenditure, Residential Status
• Basis of Charge and Scope of Total Income
Incomes which do not form part of Total Income

Computation of Total Income under the Head Salaries.

Computation of Total Income under the Head House Property

Computation of Total Income under the Head Profit and Gains of Business or Profession

Computation of Total Income under the Head Capital Gains and Income from Other Sources

References: 

References
1. Corporate Tax Planning – EA Shrinivas (Mc Graw Hill Education (India) Ltd)
2. Corporate Tax Planning and Management – Girish Ahuja & Ravi Gupta (Bharat Law House Pvt Ltd)
3. Direct Tax Law & Practice- Girish Ahuja & Ravi Gupta (Bharat Law House Pvt Ltd)
4. Corporate Taxation –H.P Ranina-(Orient Law House, Allahabad)
5. Study Material Published by ICSI
6. Scanner: Arun Kumar (Shuchita Prakashans P Ltd)

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: 
2016-2017
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