Income Tax Law and Practices-I

Paper Code: 
COM 401
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.

10.00

Computation of taxable income under the head Capital Gain
and Other Sources

5.00

Deemed Income, Set Off and Carry Forward of Losses

10.00

Deductions from Gross Total Income, Tax Rates, Rebates
and Reliefs, Assessment of Individual

14.00

Assessment of Hindu Undivided Family, Assessment of
Firm, Assessment of AOP

6.00

Procedure of Assessment- Filling of Return as Statutory
Obligation, Timing of Filing of Return of Income, Defective
of Incomplete Return, Belated Return of Income, Permanent
Account Number (PAN), Signature on Return, Types of
Assessment, Deduction of Tax at source, Advance Payment
of Tax

Essential Readings: 

1. Professional Approach to Direct Taxes- Girish Ahuja& Ravi Gupta( Bharat Law
House Pvt Ltd, New Delhi
2. Income Tax-Patel ,Choudhary, Sharma, Modi, Bardiya (Choudhary Prakashan)
3. Income Tax- Agarwal, Jain, Sharma ,Shah, Mangal ( Ramesh Book Depot)

Academic Year: 
2014-2015
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