Taxation - I

Paper Code: 
BCS 216
Credits: 
6
Contact Hours: 
90.00
Max. Marks: 
100.00
Objective: 

To acquire knowledge and understanding of the concepts, techniques and practices of taxation.

18.00
Unit I: 

Direct Taxes at a Glance: Background of Taxation system in India; Vital Statistics;

Layout; Administration.

Basic concepts of Income Tax :An overview of Finance Bill, ; Important definitions

under Income Tax Act, 1961; Distinction between Capital and Revenue Receipts and

Expenditure; Residential Status & Basis of Charge; Scope of Total Income; Tax

Rates.

Incomes which do not form part of Total Income: Incomes not included in Total

Income; Tax holidays.

 

18.00
Unit II: 

Computation of Income under the head Income from Salary

12.00
Unit III: 

Income from House Property

22.00
Unit IV: 

Profit and Gains of Business or Profession

20.00
Unit V: 

Capital Gains; income from Other Sources; Fair Market Value

References: 

References

1. Study Material Published by ICSI

2. Scanner: Arun Kumar (ShuchitaPrakashans P Ltd)

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 cordless

Academic Year: 
2018-2019
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