TAXATION-II

Paper Code: 
BCP 312
Credits: 
6
Contact Hours: 
90.00
Max. Marks: 
100.00
Objective: 

Learning outcome (at course level)

Learning and teaching strategies

Assessment Strategies

CO 88:Make use of (sec 80C to 80 U) Deductions from gross total income available to individual

CO 89:Calculate Advance tax, tax deduction at source and introduction to tax collection at source

CO 90:Examine the Provisions for filing return of income and self-assessment

CO 91:Summarize the Concept of indirect taxes

CO 92:Describe Goods and Services Tax (GST) Laws, its concepts and provisions

CO 93: Demonstrate the GST procedures

Interactive Lectures, Discussion, Tutorials, Reading assignments. Self-learning assignments, Effective questions, Seminar presentation,

 

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

 

18.00

• 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

16.00

• 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

12.00

• 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

20.00

• Concept of indirect taxes: Concept and features of indirect taxes, 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

22.00

• 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

Essential Readings: 

Study Material Published by Institute of Chartered Accountants of India

References: 

• Girish Ahuja& Ravi Gupta, Professional Approach to Direct Taxes (Bharat Law House Pvt. Ltd, New Delhi
• Yogendra Bangar, Direct Taxes (Aadhya Publications)
• V.K Singhania, Direct Tax Law and Practice (Taxman Publication, New Delhi)
• Arun Kumar Scanner ,Suchitra Prakashan(P) Ltd

Academic Year: