Income Tax Law and Practices-I

Paper Code: 
ATG-311
Credits: 
3
Contact Hours: 
45.00
Max. Marks: 
100.00
Objective: 

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.

7.00
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: 

Computation of Taxable Income Under the Head Salaries.

7.00
Unit III: 

Computation of Taxable Income under the Head House Property.

6.00
Unit IV: 

Depreciation and Other Deductions

10.00
Unit V: 

Computation of Taxable Income under the head Business and Profession

 

 

Note- The candidate shall be permitted to use battery operated pocket calculator that should not have more than 12 digits, 6 functions and 2 memories and should be noiseless and cordlession

Essential Readings: 
  1. Professional Approach to Direct Taxes- Girish Ahuja& Ravi Gupta( Bharat Law House Pvt Ltd, New Delhi
  2. Income Tax-Patel, Chaudhary, Sharma, Modi, Bardiya
  3. Income Tax- Agarwal, Jain, Sharma ,Shah, Mangal ( Ramesh Book Depot)
References: 
  1. Direct Tax Laws- T.N Manoharan, Snowwhite Publications (P) Ltd
  2. Direct Tax Law and Practice- V.K Singhania (Taxmann Publication, New Delhi)
  3. Law and Practice of IncomeTax, Mr Dinkar Pagare, (M/S Sultan Chand& Sons)
  4. Income Tax for Students-Sharad Bhargav, (Mashbara Industries)
  5. Income Tax; Law and Accounts:- H.C Mehrotra(Sahitya Bhawan)
Academic Year: 
2018-2019
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