Income Tax Law and Practices-I

Paper Code: 
COM 301
Credits: 
03
Contact Hours: 
45.00
Max. Marks: 
100.00
Objective: 

Course Objectives:

This course will enable the students to-

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 Outcomes (COs):

Course

Learning outcome

 (at course level)

Learning and teaching strategies

Assessment Strategies

Paper Code

Paper Title

Com 301

Income Tax Law & Practices-I

CLO79    Acquire the complete knowledge of basic concepts of income tax and provisions of agricultural income.

CLO80    Able to calculate Residential status of a person.

CLO81    Able to compute the income under the head” Income from Salary”.

CLO82    Able to compute income under the head “Income from House Property”.

CLO83    Able to compute income under the head “Income from Business & Profession”.

 

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

 

7.00

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

15.00

Computation of Taxable Income Under the Head Salaries

7.00

Computation of Taxable Income under the Head House Property

6.00

Depreciation and Other Deductions

10.00

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 ,Choudhary, 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: 
2020-2021
  • Printer-friendly version
  • PDF version