Income Tax Law and Practice-I (Theory)

Paper Code: 
ATG/BSG/FSG/BSR/FSM/HRG/IBG 311
Credits: 
3
Contact Hours: 
45.00
Max. Marks: 
100.00
Objective: 

The objective of this course is to gain knowledge of the basic principles underlying the substantive provisions of the Income Tax Law and their application in computation of income of an individual under various heads of Income.

COURSE OUTCOMES (COs):

Course

Learning outcome

 (at course level)

Learning and teaching strategies

Assessment Strategies

Paper Code

Paper Title

ATG/BSG/FSG/BSR/FSM/HRG/IBG 311

Income Tax Law & Practices-I

CO 1:Acquire the complete knowledge of basic concepts of income tax and provisions of agricultural income.

CO 2:Able to calculate Residential status of a person.

CO 3: Able to compute the income under the head” Income from Salary”.

CO 4:Able to compute income under the head “Income from House Property”.

CO 5:Able to compute income under the head “Income from Business & Profession”.

 

Approach in teaching:

Interactive Lectures, Discussion, Tutorials, Team teaching

 Learning activities for the students:

Self learning assignments, Effective questions, Seminar presentation, Giving tasks.

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

 

7.00
Unit I: 
Unit I: Definitions
  • Person, Assessee, Income, Previous Year, Assessment Year, Gross Total Income, Total Income,
  • Residential Status and Scope of Total Income
15.00
Unit II: 
Unit II: Computation of Taxable Income Under the Head Salaries
7.00
Unit III: 
Unit III: Computation of Taxable Income under the Head House Property
6.00
Unit IV: 
Unit IV: Depreciation and Other Deductions
10.00
Unit V: 
Unit V: Computation of Taxable Income under the head Business and Profession
References: 
  • Professional Approach to Direct Taxes- Girish Ahuja& Ravi Gupta( Bharat Law House Pvt Ltd, New Delhi
  • Income Tax-Patel, Chaudhary, Sharma, Modi, Bardiya
  • Income Tax- Agarwal, Jain, Sharma, Shah, Mangal ( Ramesh Book Depot)
  • Direct Tax Laws- T.N Manoharan, Snowwhite Publications (P) Ltd
  • Direct Tax Law and Practice- V.K Singhania  (Taxmann Publication, New Delhi)
  • Law and Practice of IncomeTax, MrDinkarPagare, (M/S Sultan Chand& Sons)
  • Income Tax for Students-Sharad Bhargav, (Mashbara Industries)
  • Income Tax; Law and Accounts:- H.C Mehrotra(Sahitya Bhawan)

 

 

Academic Year: 
2020-2021
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