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Income Tax Law and Practices-II
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.
CO 117: Estimate the income under the head “Income from Capital Gain” & “Other Sources”.
CO 118: Acquire knowledge regarding provisions of set-off and carry forward of losses along with deemed income.
CO 119: Student will measure the total income of an individual after defining deductions U/S 80 C to 80 U.
CO 120: Student will compute tax liability of an individual.
CO 121: Devise the amendments made from time to time in Finance Act.
Computation of taxable income under the head Capital Gain
Computation of Taxable Income under the head Income from Other Sources, Deemed Income
Set off and carry forward of Losses,
Deductions from Gross Total Income,
Tax Rates, Rebates and Reliefs, Assessment of Individual
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, Introduction of TDS and Advanced Payment of Tax.
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)
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, 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)
