Income Tax Law and Practice-I

Paper Code: 
FSG 311
Credits: 
3
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.

7.00
Unit I: 
Definitions

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

15.00
Unit II: 
Computation of Taxable Income Under the Head Salaries.

Computation of Taxable Income Under the Head Salaries.

7.00
Unit III: 
Computation of Taxable Income under the Head House Property

Computation of Taxable Income under the Head House Property.

6.00
Unit IV: 
Depreciation and Other Deductions

Depreciation and Other Deductions.

10.00
Unit V: 
Computation of Taxable Income under the head Business and Profession

Computation of Taxable Income under the head Business and Profession.

Essential Readings: 

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

References: 

Direct Tax Laws- T.N Manoharan, Snowwhite Publications (P) Ltd
Direct Tax Law and Practice- V.K Singhania (Taxmann Publication, New Delhi)
Law and Practice of IncomeTax, Mr Dinkar Pagare, (M/S Sultan Chand& Sons)
Income Tax for Students-Sharad Bhargav, (Mashbara Industries)
Income Tax; Law and Accounts:- H.C Mehrotra(Sahitya Bhawan)

Academic Year: 
2015-2016
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