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INCOME TAX LAW & PRACTICES I
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Course Outcomes
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Learning and teaching strategies |
Assessment Strategies |
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On completion of this course, the students will be able to: CO 83: Investigate the complete knowledge of basic concepts of income tax and provisions of agricultural income. CO 84: Construct residential status of a person. CO 85: Measure the income under the head” Income from Salary”. CO 86: Calculate income under the head “Income from House Property”. CO 87: Assess income under the head “Income from Business & Profession |
Interactive Lectures, Discussion, Tutorials, Team teaching
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Class test, Semester end examinations, Quiz, Solving problems in tutorials, Assignments, Presentation, Individual and group projects |
Definitions Person, Assessee, Income, Previous Year, Assessment Year, Gross Total Income, Total Income, Residential Status and Scope of Total Income
Computation of Taxable Income Under the Head Salaries
Computation of Taxable Income under the Head House Property
Depreciation and Other Deductions
Computation of Taxable Income under the head Business and Profession
· Agarwal, Jain, Sharma, Shah,& Mangal Income Tax Ramesh Book Depot
· Patel, Chaudhary, Sharma, Modi, & Bardiya Income Tax Chaudhary Prakashan
SUGGESTED READINGS:
· Ahuja,G.& Gupta, R. Professional Approach to Direct Taxes Bharat Law House Pvt Ltd, New Delhi
· Manoharan, T.N. Direct Tax Laws Snowwhite Publications (P ) Ltd
· Singhania , V.K. Direct Tax Law and Practice Taxmann Publication, New Delhi
· Pagare,D. Law and Practice of IncomeTax M/S Sultan Chand& Sons
· Bhargav,S. Income Tax for Students Mashbara Industries
· Mehrotra, H.C. Income Tax Law and Accounts Sahitya Bhawan
e RESOURCES:
· https://www.incometaxindia.gov.in/pages/tutorials.aspx
· https://www.taxmann.com/virtualbooks/product/6695 income tax act 2021 virtual book
JOURNALS:
· Tax World
· Indian Journal of Finance
· IUP Journal of Applied Finance
· The Indian Journal of Commerce
Note The candidate shall be permitted to use battery operated pocket calculator that should not have more than 12 digits, 6 functions and 2 memories and should be noiseless and cordless.
