TAXATION- I

Paper Code: 
AAF 114
Credits: 
4
Contact Hours: 
60.00
Max. Marks: 
100.00
Objective: 

Course Outcomes (Cos):

Course Outcomes

Learning and teaching strategies

Assessment Strategies

On completion of this course, the students will be able to:

CO18: Investigate the complete knowledge of basic concepts and provisions of income tax.

CO19: Construct residential status of a person.                                                        

CO20: Assess special provisions of income tax related to Computation of Taxable income under the head Salaries                                            

CO21: Assess the provisions of House Property and computation regarding Taxable Income.                     

CO22: Assess provisions of Income Tax act related to computation of Income under the head Business or Profession                                     

CO23: Assess provisions of Income Tax act related to computation of taxable income under the head Capital Gain

 Interactive Lectures, Tutorials, Class discussion, assignments & application-based questions

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

 

8.00
Unit I: 

Introduction:                                                                                                               

·         Definitions- Assessee, Assessment Year, Income, Person, Previous Year, Gross Total Income.

·         Scope of Total Income & Residential Status. Income which do not form part of Total Income.

15.00
Unit II: 

Computation of Taxable Income under the Head “Salaries”

10.00
Unit III: 

Computation of Taxable Income under the head House Property    

15.00
Unit IV: 

Income under the Head “Profits and Gains of Business or Profession

12.00
Unit V: 

Income under the Head “Capital Gains                           

Essential Readings: 
  • Professional Approach to Direct Taxes- Girish Ahuja& Ravi Gupta (Bharat Law House Pvt Ltd, New Delhi)

 

References: 
  • Direct Tax Law and Practice- V.K Singhania (Taxmann Publication, New Delhi) Law and Practice of IncomeTax, MrDinkarPagare, (M/S Sultan Chand& Sons)

e- RESOURCES:

·         https://www.incometaxindia.gov.in/pages/tutorials.aspx

·         https://www.taxmann.com/virtualbooks/product/6695-income-tax-act-2021-virtual-book

 

REFERENCE JOURNALS:

·         Tax World

Academic Year: 
2023-2024
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