Coming soon
Income Tax Law and Practices-II
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):
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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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COM 401 |
Income Tax Law & Practices-II |
CLO79 Able to compute income under the head “Income from Capital Gain” & “Other Sources”. CLO80 Acquire knowledge regarding provisions of set-off and carry forward of losses along with deemed income. CLO81 Able to compute total income of an individual after defining deductions U/S 80 C to 80 U. CLO82 Able to compute tax liability of an individual. CLO83 Able to understand amendments made from time to time in Finance Act.
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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 Assessment, Introduction of TDS and Advanced Payment of Tax.
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)
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, 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)
