Taxation Law & Practice

Paper Code: 
ATG/BSG/FSG -121
Credits: 
6
Contact Hours: 
90.00
Max. Marks: 
100.00
Objective: 

The course will enable students to -

1.    Gain knowledge of Corporate Tax 

2.    Enable students the application of Corporate Tax.

Course Outcomes (COs):

 

Course

Learning outcomes

(at course level)

Learning and teaching strategies

Assessment Strategies

Paper Code

Paper Title

ATG / BSG / FSG 121

Taxation Law & Practice

(Theory)

The students will be able to –

 

CO1: Understand the provisions of the Income Tax Act, 1961, the difference between direct and indirect tax and assessment of Firm and HUF.                       

CO2: Gain the working knowledge of assessment of AOP, trust and political parties.

CO3: Understand special provisions of income tax related to the assessment of companies.                             

CO4: Develop an understanding of the different residential status and assessment of non- Resident Indians.

CO5: Understand assessment in special cases such as successor, executor and   representatives                     

Approach in teaching:

 

Interactive Lectures, class Discussion, Tutorials 

 

Learning activities for the students:

 

To give Assignments & Application based questions

Class test, Semester end examinations, Quiz, Solving Numerical problems in tutorials, Assignments, Class Presentation

 

18.00
Unit I: 
.
Overview of Direct Taxes: Canons Of Taxation, Requirement of good Tax Structure, Taxes vs. Fees, Constitutional Background for Direct and Indirect Tax, Difference Between Direct and Indirect Tax.
 
Assessment of HUF.
 
Assesssment of Firms including LLP.
18.00
Unit II: 
.
Assessment of AOP
 
Assessment of trust & Political Parties
18.00
Unit III: 
.
Assessment of Companies: Detailed Study of Income Tax law and rules with reference to assessment of companies including Dividend Distribution Tax. Computation of Tax Liability.
Assessment Procedure.
18.00
Unit IV: 
.
Assessment of Non- Residents: Residential status and Scope of Income
Presumptive taxation, Exempt income of Non residents
Special provisions u/s 115C to 115I
18.00
Unit V: 
.
Liability in Special cases: Legal representative, Representative assessee, Successor of business ,Executor and Administrator 
Penalties and Offences under income tax
Essential Readings: 
1. Professional Approach to Direct Taxes- GirishAhuja& Ravi Gupta( Bharat Law House Pvt Ltd,
New Delhi
2. Income Tax and Central Sales Tax- B.B Lal, N Vashisht (Peasosn Education)
References: 
1. Direct Tax Laws- T.N Manoharan, Snowwhite Publications (P) Ltd
2. Direct Tax Law and Practice- V.K Singhania (Taxmann Publication, New Delhi)
3. Law and Practice of IncomeTax, MrDinkarPagare, (M/S Sultan Chand& Sons)
4. Income Tax for Students-SharadBhargav, (Mashbara Industries)
5. Income Tax; Law and Accounts:- H.C Mehrotra(SahityaBhawan)
 
Note- The candidate shall be permitted to use battery operated pocket calculator that should not have more
than 12 digits, 6 functions and 2 memories and should be noiseless and cordless
Academic Year: 
2019-2020
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