Taxation Law & Practices

Paper Code: 
FSG 121
Credits: 
6
Contact Hours: 
90.00
Max. Marks: 
100.00
Objective: 

The Objective of this course is to gain knowledge of Wealth Tax and Corporate Tax and their application.

18.00
Unit I: 
Overview of Direct Taxes

Canons Of Taxation, Requirement of good Tax Structure, Taxes vs. Fees, Constitutional Background for Direct and Indirect Tax, Difference Between Direct and Indirect Tax.

18.00
Unit II: 
Assessment of HUF

Assessment of Firm and Limited Liability Partnership firms

18.00
Unit III: 
Assessment of AOP

Tax Deducted at Source: Who shall deduct tax at source , TDS on Salaries, TDS on Immovable Property, TDS on Contractor, TDS on Rent, TDS Certificates, Impact of Non-compliance to TDS, Deposit of TDS, Filing of Return, Assessment Procedure, Refund of TDS Advance Payment of tax including calculation of interest.

18.00
Unit IV: 
Assessment of Companies

Detailed Study of Income Tax law and rules with reference to assessment of companies including Dividend Distribution Tax. Computation of Tax Liability. Assessment Procedure.

18.00
Unit V: 
Assessment of Non- Residents

Detailed Study of Income Tax law and rules with reference to assessment of Non-Residents. Concept and problems of Transfer Pricing.

Essential Readings: 

Professional Approach to Direct Taxes- Girish Ahuja& Ravi Gupta( Bharat Law House Pvt Ltd, New Delhi
Income Tax and Central Sales Tax- B.B Lal, N Vashisht (Peasosn Education)

References: 

Direct Tax Laws- T.N Manoharan, Snowwhite Publications (P) Ltd
Direct Tax Law and Practice- V.K Singhania (Taxmann Publication, New Delhi)
Law and Practice of IncomeTax, Mr Dinkar Pagare, (M/S Sultan Chand& Sons)
Income Tax for Students-Sharad Bhargav, (Mashbara Industries)
Income Tax; Law and Accounts:- H.C Mehrotra(Sahitya Bhawan)

Academic Year: 
2014-2015
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