Coming soon
DIRECT TAX LAWS - I
Objective- This course will enable the students to understand:
• The basic principles underlying the substantive provisions of the Income Tax Act
• Computation of taxable income under the Head- ‘Salaries’
• Computation of taxable income under the Head – ‘House Property’
• Computation of taxable income under the Head – ‘Profits and Gains of Business and Profession’
• Computation of taxable income under the Head – ‘Capital Gains’
• Computation of taxable income under the Head – ‘Other Sources’
• Computation of Taxable Income of an Individual
COURSE LEARNING OUTCOME:
Students will be able to:
• To understand basic principles and provisions of Income Tax Act
• To compute taxable income under the Head- ‘Salaries’
• To compute taxable income under the Head- House Property
• To compute taxable income under the Head- ‘Profits and Gains of Business and Profession’
• To compute taxable income under the Head- ‘Capital Gains’
• To compute taxable income under the Head- ‘Other Sources’
• To compute taxable income of an Individual
Definitions- Person, Assessee, Income, Previous Year, Assessment Year, Gross Total Income, Total Income, Determination of Residential Status of Individual, Hindu Undivided Family, Firm and Companies and Scope of Total Income
Computation of Taxable Income Under the Head Salaries Computation of Taxable Income under the Head House Property
Depreciation and Other Rebates
Computation of Taxable Income under the head Business and Profession
Computation of taxable income under the head Capital Gain and Other Sources
Deemed Income, Set Off and Carry Forward of Losses
Deductions from Gross Total Income, Tax Rates, Rebates and Reliefs, Assessment of Individual
1. Direct Tax Law and Practice- V.K Singhania (Taxmann Publication, New Delhi)
2. Professional Approach to Direct Taxes- GirishAhuja& Ravi Gupta( Bharat Law House Pvt Ltd, New Delhi
3. Income Tax- Agarwal, Jain, Sharma ,Shah, Mangal ( Ramesh Book Depot)
4. Direct Tax Laws- T.N Manoharan, Snowwhite Publications (P) Ltd
5. Law and Practice of IncomeTax, MrDinkarPagare, (M/S Sultan Chand& Sons)
6. Income Tax for Students-SharadBhargav, (Mashbara Industries)
7. Income Tax; Law and Accounts:- H.C Mehrotra(SahityaBhawan)
