Coming soon
Taxation-I
To develop an understanding of the provisions of income-tax law and goods and services tax law and to acquire the ability to apply such knowledge to make computations and address application oriented issues.
Basic Concepts
Income-tax law: An introduction, Important definitions in the Income-tax Act, 1961, Concept of previous year and assessment year , Basis of Charge and Rates of Tax
Residential status and scope of total income
(i) Residential status
(ii) Scope of total income
Incomes which do not form part of total income (other than charitable trusts and institutions, political parties and electoral trusts)
(i) Income not included in total income
(ii) Tax Holiday for newly established Units in SEZ
Computation of income under different heads Salaries
Computation of income under different heads
Income from house property
Profits and gains of business or profession
Computation of income under different heads
Capital gains
Computation of income under different heads
Income from other sources
Income of other persons included in assessee's total income
Set-off, or carry forward and set-off of losses
Reference Books
1. Professional Approach to Direct Taxes- Girish Ahuja& Ravi Gupta( Bharat Law House Pvt Ltd, New Delhi
2. Study Material Published by Institute of Chartered Accountants of India
3. Direct Taxes-Yogendra Bangar (Aadhya Publications)
4. Direct Tax Law and Practice- V.K Singhania (Taxmann Publication, New Delhi)
5. Scanner-Arun Kumar(Suchitra Prakashan (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
