Direct Tax Laws-1

Paper Code: 
TPT-131
Credits: 
4
Contact Hours: 
60.00
Max. Marks: 
100.00
Objective: 

To gain knowledge of the basic principles underlying the substantive provisions of the Income Tax Law and their application in computation of income of an individual under various heads of Income.

8.00
Unit I: 

Definitions- Person, Assessee, Income, Previous Year, Assessment Year, Gross Total Income, Total Income, Determination of Residential Status of Individual, Hindu Undivided Family, Firm and Companies and Scope of Total Income

14.00
Unit II: 

Computation of Taxable Income Under the Head Salaries

Computation of Taxable Income under the Head House Property

14.00
Unit III: 

Depreciation and Other Rebates

Computation of Taxable Income under the head Business and Profession

12.00
Unit IV: 

Computation of taxable income under the head Capital Gain and Other Sources

12.00
Unit V: 

Deemed Income, Set Off and Carry Forward of Losses

Deductions from Gross Total Income, Tax Rates, Rebates and Reliefs, Assessment of Individual

References: 
  1. Direct Tax Law and Practice- V.K Singhania  (Taxmann Publication, New Delhi)
  2. Professional Approach to Direct Taxes- Girish Ahuja& Ravi Gupta( Bharat Law House Pvt Ltd, New Delhi
  3. Income Tax- Agarwal, Jain, Sharma ,Shah, Mangal ( Ramesh Book Depot)
  4. Direct Tax Laws- T.N Manoharan, Snowwhite Publications (P) Ltd
  5. Law and Practice of IncomeTax, Mr Dinkar Pagare, (M/S Sultan Chand& Sons)
  6. Income Tax for Students-Sharad Bhargav, (Mashbara Industries)
  7. 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: 
2018-2019
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