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Taxation-II
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Course |
Learning outcome (at course level) |
Learning and teaching strategies |
Assessment Strategies |
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Paper Code |
Paper Title |
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BCP-312 |
Taxation-II |
CO87:Make use of (sec 80C to 80 U)Deductions from gross total income available to individual CO 88:Calculate Advance tax, tax deduction at source and introduction to tax collection at source CO 89:Examine the Provisions for filing return of income and self-assessmen CO 90:Summarize the Concept of indirect taxes CO 91:DescribeGoods and Services Tax (GST) Laws, its concepts and provisions CO 92: Demonstrate the GST procedures |
Approach in teaching: Interactive Lectures, Discussion, Tutorials, Reading assignments
Learning activities for the students: Self-learning assignments, Effective questions, Seminar presentation,
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Class test, Semester end examinations, Quiz, Solving problems in tutorials, Assignments, Presentation, Individual and group projects |
Deductions from gross total income (i) General provisions (ii) Deductions in respect of certain payments (iii) Specific deductions in respect of certain income (iv) Deductions in respect of other income (v) Other deductions
Computation of total income and tax liability of individuals (i) Income to be considered while computing total income of individuals (ii) Procedure for computation of total income and tax liability of individuals
Advance tax, tax deduction at source and introduction to tax collection at source (i) Introduction (ii) Direct Payment (iii) Provisions concerning deduction of tax at source (iv) Advance payment of tax (v) Interest for defaults in payment of advance tax and deferment of advance tax (vi) Tax collection at source – Basic concept (vii) Tax deduction and collection account number
Provisions for filing return of income and self-assessment (i) Return of Income (ii) Compulsory filing of return of income (iii) Fee and Interest for default in furnishing return of income (iv) Return of loss (v) Provisions relating to belated return, revised return etc. (vi) Permanent account number (vii) Persons authorized to verify return of income (viii) Self-assessment
Concept of indirect taxes
(i) Concept and features of indirect taxes
(ii) Principal indirect taxes
Goods and Services Tax (GST) Laws
(i) GST Laws: An introduction including Constitutional aspects (ii) Levy and collection of CGST and IGST a) Application of CGST/IGST law b) Concept of supply including composite and mixed supplies c) Charge of tax including reverse charge d) Exemption from tax e) Composition levy
Goods and Services Tax (GST) Laws
(iii) Basic concepts of time and value of supply (iv) Input tax credit (v) Computation of GST liability (vi) Registration (vii) Tax invoice; Credit and Debit Notes; Electronic way bill (viii) Returns (ix) Payment of tax
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 Taxes-Ajay Jain (AVJ Institute)
5. Direct Tax Laws- T.N Manoharan, Snowwhite Publications (P) Ltd
6. Direct Tax Law and Practice- V.K Singhania (Taxmann Publication, New Delhi)
7. Law and Practice of Income Tax, Mr. Dinkar Pagare, (M/S Sultan Chand& Sons)
8. Income Tax for Students-Sharad Bhargav, (Mashbara Industries)
9. Income Tax; Law and Accounts: - H.C Mehrotra (Sahitya Bhawan)
10. Scanner-Arun Kumar(Suchitra Prakashan (P) Ltd)
