Income Tax Law and Practice -II

Paper Code: 
ATG 411
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

10.00

Computation of taxable income under the head Capital Gain

10.00

Computation of Taxable Income under the head Income from Other Sources
Deemed Income

10.00

Set off and carry forward of Losses,
Deductions from Gross Total Income,

10.00

Tax Rates, Rebates and Reliefs, Assessment of Individual

5.00

V Procedure of Assessment- Filling of Return as Statutory Obligation, Timing of Filing of Return of Income, Defective of Incomplete Return, Belated Return of Income, Permanent Account Number (PAN), Signature on Return, Types of Assesment, Introduction to TDS and Advance Payment of Tax 05

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(Choudhary Prakashan)
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: