Direct Tax Laws- II

Paper Code: 
24BCP513
Credits: 
03
Contact Hours: 
45.00
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

24BCP513

Direct Tax Laws II (Theory)

 

CO 1Compute income-tax liability of companies and other entities under the alternative tax regimes under the Income-tax Act, 1961 to optimize tax liability.

CO 2Analyze Appeals and Revision and dispute resolution provisions of Income tax.

CO 3Develop an understanding of Anti-avoidance provisions under the Act

CO 4Examine Penalties, offences, prosecution, and Tax Audit.

CO 5Describe the Provisions to address tax challenges on digitalization.

CO 6Contribute 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.

 

9.00
Unit I: 
Assessment of Companies
  • Comprehensive computation of income-tax liability of companies and other entities under the alternative tax regimes under the Income-tax Act, 1961 to optimize tax liability - General provisions under the Act for computation of total income and tax liability of companies and other entities - Special tax regimes under the Act for companies and other entities

 

9.00
Unit II: 
Procedural Compliances
  • Optimization of tax liability of companies and other entities through tax planning
  • Appeals and Revision; and Dispute Resolution

 

9.00
Unit III: 
Anti Avoidance
  • Anti-avoidance provisions under the Act

 

9.00
Unit IV: 
Penalties and Miscellaneous provisions
  • Penalties and offences and prosecution, Miscellaneous Provisions, Tax Audit

 

9.00
Unit V: 
Digitalisation
  • Provisions to address tax challenges on digitalization

 

Essential Readings: 
  • Study Material Published by Institute of Chartered Accountants of India

 

References: 

SUGGESTED READINGS

  • Scanner-Arun Kumar (Suchitra Prakashan (P) Ltd)
  • Corporate Tax Planning – EA Shrinivas (Mc Graw Hill Education (India) Ltd)
  • Corporate Tax Planning and Management – Girish Ahuja & Ravi Gupta (Bharat Law House Pvt Ltd)
  • Direct Tax Law & Practice- Girish Ahuja & Ravi Gupta (Bharat Law House Pvt Ltd)

 

 

E-RESOURCES:

 

JOURNALS:

  • The Chartered Accountant Journal /ICAI Student Journal

 

 

Academic Year: 
2024-2025
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