Direct Tax Laws and Practice-I

Paper Code: 
BCS 216
Credits: 
03
Contact Hours: 
45.00
Max. Marks: 
100.00
Objective: 

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

 

9.00
Unit I: 
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

13.00
Unit II: 
Computation of Total Income under the Head

Salaries

9.00
Unit III: 
Computation of Total Income under the Head

House Property

7.00
Unit IV: 
Computation of Total Income under the Head

Profit and Gains of Business or Profession

7.00
Unit V: 
Computation of Total Income under the Head

Capital Gains and Income from Other Sources

References: 

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)

 

Academic Year: 
2015-2016
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