Income Tax Law and Practices-II

Paper Code: 
FSG 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 and Other Sources

5.00

Deemed Income, Set Off and Carry Forward of Losses

10.00

Deductions from Gross Total Income, Tax Rates, Rebates and Reliefs, Assessment of Individual

14.00

Assessment of Hindu Undivided Family, Assessment of Firm, Assessment of AOP

6.00

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, Deduction of Tax at source, Advance Payment of Tax

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: