Taxation- II

Paper Code: 
25AAF214
Credits: 
4
Contact Hours: 
60.00
Max. Marks: 
100.00
Objective: 

This course will enable the students to provide basic knowledge and equip students with application of principles and provisions of Income-tax Act, 1961 and the relevant rules.

Course Outcomes: 

Course

Course Outcomes

Learning and

teaching strategies

Assessment Strategies

Course Code

Course Title

 

 

 

 

 

 

 

 

 

 

25AAF21

4

 

 

 

 

 

 

 

 

 

 

Taxation- II (Theory)

CO61: Assess provisions ofIncome Tax act related to computation of taxable income under the head Capital Gain

CO62: Analyze the provisions of Income Tax Act under thehead Income from Other Sources and deemed income

CO63: Attain practical knowledge regarding provisions of set-off and carry forward of losses & Deductions from Gross Total Income

CO64: Apply knowledge regarding provisions of Agricultural Income and tax structure of an Individual

CO65: Evaluate special provisions of income tax related to TDS, Advance payment of Tax, and Procedure of assessment.

CO66: Contribute effectively in course – specific interaction.

Approach in teaching: Interactive Lectures, Tutorials, Discussions, Problem Solving Sessions, Presentations

 

Learning activities for the students: Self-learning assignments, Case             Study Analysis, Application based questions, Group Discussions

Continuous Assessment                      Test, Semester          End Examinations, Quiz,          Solving Numerical Problems, Assignments, Class Presentations, Individual         and group projects.

 

12.00
Unit I: 
Income under the Head Capital Gains:

• Provisions related to Taxability
• Conditional & Unconditional Exemptions

12.00
Unit II: 
Computation of Taxable Income under the Head Income from Other Sources & Deemed Income:

• Income from Other Sources
• Deemed Income

12.00
Unit III: 
Set Off & Carry Forward of Losses & Deductions from Gross Total Income:

• Aggregation of Income; Set-off, or Carry Forward and Set-Off of Losses
• Deductions from Gross Total Income

12.00
Unit IV: 
Assessment of an Individual:

• Agricultural Income and its tax treatment
• Computation of tax liability of an individual

12.00
Unit V: 
Procedure of Assessment:

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

Essential Readings: 

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

References: 

1. Direct Tax Law and Practice- V.K Singhania (Taxmann Publication, New Delhi) Law and Practice
2. Direct Tax Laws- T.N Manoharan, Snowwhite Publications (P) Ltd
3. Law and Practice of IncomeTax, MrDinkar Pagare, (M/S Sultan Chand& Sons)
4. Income Tax for Students-Sharad Bhargav, (Mashbara Industries)
5. Income Tax; Law and Accounts:- H.C Mehrotra(Sahitya Bhawan)
E-Content:
1. https://www.incometaxindia.gov.in/pages/tutorials.aspx
2. https://www.taxmann.com/virtualbooks/product/6695-income-tax-act-2021-vi...

Reference Journals:
1. Tax World

Academic Year: 
2025-2026
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