Coming soon
Income Tax Law and Practice -II
Course Objectives:
The objective of this course is 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.
Course Outcome(COs):
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Course |
Learning Outcome (at course level) |
Learning and teaching strategies |
Assessment Strategies |
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Paper Code |
Paper Title |
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FSG 411 |
Income Tax Law & Practices-II |
CO121. Able to compute income under the head “Income from Capital Gain” & “Other Sources”. CO122. Acquire knowledge regarding provisions of set-off and carry forward of losses along with deemed income. CO123. Able to compute total income of an individual after defining deductions U/S 80 C to 80 U. CO124. Able to compute tax liability of an individual. CO125. Able to understand amendments made from time to time in Finance Act. |
Approach in teaching: Interactive Lectures, Discussion, Tutorials, Team teaching Learning activities for the students: Self-learning assignments, Effective questions, Seminar presentation, Giving tasks. |
Class test, Semester end examinations, Quiz, Solving problems in tutorials, Assignments, Presentation, Individual and group projects |
Computation of taxable income under the head Capital Gain
Computation of Taxable Income under the head Income from Other Sources
Deemed Income
Set off and carry forward of Losses,
Deductions from Gross Total Income,
Tax Rates, Rebates and Reliefs, Assessment of Individual
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
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)
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)
