Taxation - II

Paper Code: 
AAF 214
Credits: 
4
Contact Hours: 
60.00
Max. Marks: 
100.00
Objective: 

Course Outcomes

Learning and teaching strategies

Assessment Strategies

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

CO57: Analyze the provisions of Income Tax under the head Income from Other Sources  

CO58: Analyze the provisions of Deemed Income

CO59: Acquire knowledge regarding provisions of set-off and carry forward of losses

CO60: Develop an understanding regarding the different  provisions relating to Deductions from Gross Total Income and Calculation of tax liability of an Individual

CO61: Evaluate Income Tax provisions relating to Assessment of Firm and HUF.    

CO62: Evaluate special provisions of income tax related to TDS, Advance payment of Tax, and Procedure of assessment.                            

 Interactive Lectures, Tutorials, Class discussions, assignments & application based questions

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

 

12.00
Unit I: 
  • Computation of Taxable Income under the Head “Other Sources”
  • Income of other persons included in Assessee’s total income

 

15.00
Unit II: 
  • Set off and Carry Forward of losses                                                                     
  •  Deductions to be made in Computing Total Income (80 C to 80 U)

 

10.00
Unit III: 

·       Agricultural Income and its tax treatment

Assessment of Individual

15.00
Unit IV: 
  • Assessment of Hindu Undivided Family
  • Assessment of Partnership Firm  

 

 

8.00
Unit V: 
  • Return of Income (Section 139 to 140 A)                                                          
  • Deduction of Tax at Source
  • Advance Payment of Tax

 

Essential Readings: 
  • Professional Approach to Direct Taxes- Girish Ahuja & Ravi Gupta (Bharat Law House Pvt Ltd, New Delhi (Unit I, II,III and V)
  • Income Tax-Patel ,Choudhary, Sharma, Modi, Bardiya (ChoudharyPrakashan) (Unit IV)

 

References: 

SUGGESTED READINGS

·       Direct Tax Law and Practice- V.K Singhania (Taxmann Publication, New Delhi) Law and Practice

·       Direct Tax Laws- T.N Manoharan, Snowwhite Publications (P) Ltd

e- RESOURCES:

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

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

 

JOURNALS:

·       Tax World

Academic Year: 
2022-2023
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