Direct Tax Laws- I

Paper Code: 
BCP-414
Credits: 
6
Contact Hours: 
90.00
Max. Marks: 
100.00
Objective: 

Course Objectives:

  • To acquire the ability to analyze and interpret the provisions of direct tax laws and recommend solutions to practical problems.

 

Course Outcomes (COs):

Course

Learning outcome (at course level)

Learning and teaching strategies

Assessment Strategies

Paper Code

Paper Title

BCP-414

Direct Tax Laws-I
  • CO 142 To acquire the ability to analyze and interpret the provisions of direct tax laws and recommend solutions to practical problems.
  • CO 143 To compute income under various heads after allowing deductions available there under.
  • CO 144 To appreciate the general provisions contained in General of chapter VI A relating to deductions in problem solving and addressing related issues
  • CO 145 To examine the special provisions relating to companies, trusts, AOP, firm and LLP

Approach in teaching:

Interactive Lectures, Discussion, Tutorials, Reading assignments

 

Learning activities for the students:

Self learning assignments, Effective questions, Seminar presentation,

 

Class test, Semester end examinations, Quiz, Solving problems in tutorials, Assignments, Presentation, Individual and group projects

 

18.00
Unit I: 
-
  • Law and Procedures under the Income-tax Act, 1961,Basis of charge, residential status, income which do not form part of total income,
  • Heads of income- Salaries

 

18.00
Unit II: 
-
  • Heads of income- Income from House Property, Income from Business and Profession, Income from other Sources

 

18.00
Unit III: 
-
  • Heads of income- Capital Gains
  • Income of other persons included in Assessee’s total income, aggregation of income, set-off and carry forward of losses,

 

18.00
Unit IV: 
-
  • Deductions from gross total income, rebates and reliefs
  • Special provisions relating to companies and certain persons other than a company (Including firms, LLPs, Trusts, AOPs, BOIs, Securitsation Trusts, Business Trusts, Investment Fund etc.)
  • Provisions relating to charitable and religious trust and institutions, political parties and electoral trusts

 

18.00
Unit V: 
-
  • Tax Planning, Tax Avoidance & Tax Evasion
  • Collection & Recovery of Tax, Refunds
  • Income-tax Authorities, Procedure for assessment,

 

References: 
  • Direct Tax Law & Practice- Girish Ahuja & Ravi Gupta (Bharat Law House Pvt Ltd)
  • Corporate Taxation –H.PRanina-(Orient Law House, Allahabad)
  • Principles of International Taxation-Carl Fonntag& CS Mathur(Butterworths Lexis Nexis New Delhi)
  • Study Material Published by ICAI
  • Scanner: Arun Kumar (Suchitra Prakashan P Ltd)

 

Academic Year: 
2020-2021
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