Direct Tax Laws and Practice-I

Paper Code: 
BCS 216
Credits: 
6
Contact Hours: 
90.00
Max. Marks: 
100.00
Objective: 

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

18.00

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

26.00

Computation of Total Income under the Head Salaries

18.00

Computation of Total Income under the Head House Property

14.00

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

14.00

Computation of Total Income under the Head Capital Gains and

Income from Other Sources 

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)

Academic Year: 
2017-2018
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