Income Tax Law and Practice-I

Paper Code: 
FSG 311
Contact Hours: 
45.00
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.

Unit I: 
UNIT I

Definitions- Person, Assessee, Income, Previous Year, Assessment Year, Gross Total Income, Total Income,
Residential Status and Scope of Total Income

Unit II: 
UNIT II

Computation of Taxable Income Under the Head Salaries

Unit III: 
UNIT IIII

Computation of Taxable Income under the Head House Property

Unit IV: 
UNIT IV

Depreciation and Other Deductions

Unit V: 
UNIT V

Computation of Taxable Income under the head Business and Profession

Essential Readings: 

1. Professional Approach to Direct Taxes- Girish Ahuja& Ravi Gupta( Bharat Law House Pvt Ltd, New Delhi
2. Income Tax-Patel, Chaudhary, Sharma, Modi, Bardiya
3. Income Tax- Agarwal, Jain, Sharma, Shah, Mangal ( Ramesh Book Depot)

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)

Academic Year: 
2019-2020
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