Direct Tax Laws - I

Paper Code: 
25BCP412
Credits: 
06
Contact Hours: 
90.00
Max. Marks: 
100.00
Objective: 

This course will enable the students to acquire the ability to analyse and interpret the provisions of direct tax laws and recommend optimal solutions to practical problems in a tax efficient manner.

Course Outcomes: 

Course

Learning outcome

(at course level)

Learning and teaching strategies

Assessment Strategies

Course Code

Course

Title

25BCP412

Direct Tax Laws-I (Theory)

 

CO 121 Compute income tax liability under the alternative tax regimes under the Income-tax Act, 1961 to optimise tax liability.

CO 122 Comprehend the provisions of Deduction, Collection and Recovery of Tax

CO 123 Address the issues related to taxation of charitable and religious trust and institutions, political parties and electoral trusts.

CO 124 Examine the provisions relating Income-tax Authorities and procedures of assessment.

CO 125 Develop an understanding of Provisions to counteract unethical tax practices.

CO 126 Contribute effectively in course specific interaction.

Approach in teaching:

Interactive Lectures, Discussions, Tutorials, Problem solving sessions, Presentations

 

Learning activities for the students:
Self-learning assignments, Case Study Analysis, Presentations, Group Discussions

 

Continuous Assessment Test, Semester End Examinations, Quiz, Solving Numerical Problems, Assignments, Class Presentations, Individual and group projects.

 

18.00
Unit I: 
Computation of Income

·         Comprehensive computation of income tax liability under the alternative tax regimes under the Income-tax Act, 1961 to optimise tax liability

18.00
Unit II: 
TDS and TCS

·         Deduction, Collection and Recovery of Tax

18.00
Unit III: 
Representative Assessee

·         Special Provisions relating to charitable and religious trust and institutions Special Provisions relating to political parties and electoral trusts, business trusts, securitization trusts, investment funds and other funds/trusts

18.00
Unit IV: 
Mechanism of Income Tax

·         Income-tax Authorities

·         Assessment Procedures

Unit V: 
Unethical tax practices

·         Provisions to counteract unethical tax practices - Taxation of undisclosed income under the Income-tax Act, 1961, Taxation of undisclosed foreign income and assets

Essential Readings: 

·         Study Material Published by Institute of Chartered Accountants of India

SUGGESTED READINGS:

·         Girish Ahuja & Ravi Gupta, Direct Tax Law & Practice- (Bharat Law House Pvt Ltd)

·         H.PRanina, Corporate Taxation –-(Orient Law House, Allahabad)

·         Carl Fonntag& CS Mathur, Principles of International Taxation-(Butterworths Lexis Nexis New Delhi)

·         Scanner: Arun Kumar (Suchitra Prakashan P Ltd)

References: 

E-RESOURCES:

·         https://www.icai.org/post/final-nset

JOURNALS:

·         The Chartered Accountant Journal /ICAI Student Journal

Academic Year: 
2025-2026
  • Printer-friendly version
  • PDF version