Taxation Law & Practice

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

The Objective of this course is to gain knowledge of Wealth Tax and Corporate Tax and their application

 

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

18.00
Unit II: 

Assessment of Firm and Limited Liability Partnership firms

Assessment of AOP

18.00
Unit III: 

Tax Deducted at Source: Who shall deduct tax at source , TDS on Salaries, TDS on Immovable Property, TDS on Contractor, TDS on Rent, TDS Certificates, Impact of Non-compliance to TDS, Deposit of TDS, Filing of Return, Assessment Procedure, Refund of TDS

Advance Payment of tax including calculation of interest.

18.00
Unit IV: 

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 V: 

Assessment of Non- Residents:  Detailed Study of Income Tax law and rules with reference to assessment of Non-Residents.

Concept and problems of Transfer Pricing.

Essential Readings: 
  1. Professional Approach to Direct Taxes- Girish Ahuja& 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, Mr Dinkar 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)

 

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: 
2016-2017
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