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

CO 79:Calculate Advance tax, tax deduction at source and introduction to tax collection at source

CO 80:Examine the Provisions for filing return of income and self-assessment

CO 81:Summarize the Concept of indirect taxes

CO 82:Describe Goods and Services Tax (GST) Laws, its concepts and provisions

CO 83: 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
Unit I: 
  • 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 income-tax payable by an individual under the alternative tax regimes under the Income-tax Act, 1961 to optimise tax liability.

 

14.00
Unit II: 
  • Advance Tax, Tax deduction at source and tax collection at source

 

12.00

Provisions for filing return of income and self-assessment.

 

22.00
  • 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 E-RESOURCES: https://www.icai.org/post.html?post_id=17656, https://www.icai.org/post.html?post_id=17758 JOURNALS: The Chartered Accountant Journal /ICAI Student Journal

Academic Year: 
2023-2024
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