DIRECT TAX LAWS - II

Paper Code: 
25TPT231
Credits: 
04
Contact Hours: 
60.00
Max. Marks: 
100.00
Objective: 

: 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.

 

Course Outcomes: 

 

Course outcome

(at course level)

Learning and teaching strategies

Assessment Strategies

Course Code

Course

Title

 

25TPT231  

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.

 

12.00
Unit I: 
Assessment of Firm and LLP

• Assessment of Firm and LLP and computation of their tax liability

12.00
Unit II: 
Assessment of Hindu Undivided Family and AOP

                                                                                        

  • Assessment of Hindu Undivided Family and computation of their tax liability
  • Assessment of Association of Person and computation of their tax liability

 

12.00
Unit III: 
: Assessment of Companies

 

  • Assessment of Companies and computation of their tax liability

 

12.00
Unit IV: 
Assessment of Cooperative Societies, Trust Representative Assesse and Non Residents

 

·        Assessment of Cooperative Societies, Trust Representative Assesse and Non Residents

Computation of their tax liability

12.00
Unit V: 
Procedure of Assessment

 

  • 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

 

Essential Readings: 
  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)

 

References: 
  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)

 

Academic Year: 
2025-2026
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