Coming soon
DIRECT TAX LAWS - II
This course will enable the students to understand the residential status and process of computation of the taxable income and tax liability of different types of business organizations. They will also familiarize with the terminologies of the filing of returns, TDS, Advance tax, and various types of assessment of tax.
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Course outcome (at course level) |
Learning and teaching strategies |
Assessment Strategies |
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Course Code |
Course Title |
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24TPT231 |
Direct Tax Laws – II (Theory) |
CO19: Analyze the taxable income and evaluate the tax liability of Firm and LLP CO20: Assess tax liability on total income of HUF and AOP CO21: Calculate the taxable income and interpret tax liability of Companies CO22: Computation of taxable income and tax liability of Cooperative Societies, Trust, and Non Residents CO23: Facilitate in developing competency in fulfilling statutory obligations related to filing of returns and various types of assessments CO24: 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. |
• Assessment of Firm and LLP and computation of their tax liability
Assessment of Hindu Undivided Family and computation of their tax liability
• Assessment of Association of Person and computation of their tax liability
• Assessment of Companies and computation of their tax liability
• Assessment of Cooperative Societies, Trust Representative Assesse and Non Residents
• Computation of their tax liability
Filling of Return as Statutory Obligation
• Timing of Filing of Return of Income
• Defective or Incomplete Return and their rectification
• Belated Return of Income,
• Permanent Account Number (PAN),
• Signature on Return,
• Types of Assessment
• Deduction of Tax at source, Advance Payment of Tax,
• Recovery of Tax, Refunds and Prosecutions,
• Appeals and Revision
• E- Filling of return
1. Professional Approach To Direct Taxes- Girishahuja& Ravi Gupta( Bharat Law House Pvt Ltd,
2. Income Tax- Agarwal, Jain, Sharma ,Shah, Mangal ( Ramesh Book Depot)
Suggested Readings
1. Direct Tax Law And Practice- V.K Singhania (Taxmann Publication, New Delhi)
2. Direct Tax Laws- T.N Manoharan, Snowwhite Publications (P) Ltd
3. Law And Practice Of Incometax, Mrdinkarpagare, (M/S Sultan Chand& Sons)
4. Income Tax For Students-Sharadbhargav, (Mashbara Industries)
5. Income Tax; Law And Accounts:- H.C Mehrotra(Sahityabhawan)
E-Content:
1. https://www.incometaxindia.gov.in/pages/tutorials.aspx
2. https://www.taxmann.com/virtualbooks/product/6695-income-tax-act-2021-vi...
Reference Journals:
1. Tax World
2. Journal of International Accounting, Auditing, and Taxation
