TAXATION LAWS (B.COM & BBA-301)
Unit -I: Basic Concept (Lectures-08)
a. Types of Taxes and Distinction between Direct and
Indirect tax
b. Previous Year and Assessment Year
c. Definition of Certain Terms: Persons, Assesse,
Income, Application of Income and
Diversion of Income by overriding Titles
d. Assesse and Assessment
e. Capital Receipt and Revenue Receipt
f. Rates of Income Tax: Proportional and Progressive
Rate of Taxation
g. Agricultural Income
Unit -II: Residential Status, Chargeability (Lectures-
10)
a. Meaning and Rules for Determining Residential
status of an Assesse
b. Charge of Income Tax and Scope of Total Income
c. Income Exempted from Tax and Deduction under
Income Tax Law
d. Heads of Income and its Justification
,Unit -III: Heads of Income and Rules of Tax
(Lectures-12)
Tax Treatment to Salary, Perquisites
a. Tax Treatment to Income from House property
b. Profits and Gains of Business & Profession
c. Capital Gain Taxation
a. Income from other Sources
b. Set off and Carry Forward of Losses
c. Deductions, Refund and Tax Authorities
d. Return of Income and Assessment
e. Penalty and Prosecution for Tax Evasion
f. Search and Seizure
Objective:
To understand the concept of Taxation, heads of
income, including foreign income
Assessment procedures, adjudication and
settlement of tax disputes.
PSDA (Professional Skill Development Activities) 3
Hrs/Week
, 1. Analysis of Tax Provisions for Charitable & other
2. Filing of Tax Returns & Due Date for various tax
payers
3. Analysis of Provisions for Authorities of
Advance Ruling
4. Idea about Transfer Pricing Policy
5. Tax Planning
6. Moot court
7. Case analysis and discussion on emerging areas
of Taxation Law
Text Books:
1. Vinod Singhania & Kapil Singhania, Direct Taxes
Law and Practice, Taxman, 2014
Edition
2. Chaturvedi & Pithisaria, Income Tax Act with
Relevant Tax Acts.
UNIT-1
Tax, in general, is the imposition of financial charges
upon an individual or a company by the Government
of India or their respective state and talking about
income tax comes into picture when we talk about
direct tax as it is liability of the person who is
, earning that particular income. There are various
types of taxes that are there in our country so
shortly, certain are discussed below:
Types of taxes:
Direct and indirect taxation
Direct taxation - This is the taxation on income. This
covers taxes like income tax profits tax and wealth
taxes and these are the ones in which the liability to
pay falls on the one who is earning that particular
income.
Indirect taxation - This is taxation on expenditure.
This covers taxes like VAT, excise duties (tax on
cigarettes, alcohol etc.). These are the ones which
the liability is with someone else.
Progressive, Regressive and proportional taxes
Taxes differ according to their impact on different
income groups. Some taxes will be redistributed
from better-off or high income groups to less well-
off and low income groups and these are called
progressive taxes. However, others will have the
opposite effect and these are called regressive
taxes.
Unit -I: Basic Concept (Lectures-08)
a. Types of Taxes and Distinction between Direct and
Indirect tax
b. Previous Year and Assessment Year
c. Definition of Certain Terms: Persons, Assesse,
Income, Application of Income and
Diversion of Income by overriding Titles
d. Assesse and Assessment
e. Capital Receipt and Revenue Receipt
f. Rates of Income Tax: Proportional and Progressive
Rate of Taxation
g. Agricultural Income
Unit -II: Residential Status, Chargeability (Lectures-
10)
a. Meaning and Rules for Determining Residential
status of an Assesse
b. Charge of Income Tax and Scope of Total Income
c. Income Exempted from Tax and Deduction under
Income Tax Law
d. Heads of Income and its Justification
,Unit -III: Heads of Income and Rules of Tax
(Lectures-12)
Tax Treatment to Salary, Perquisites
a. Tax Treatment to Income from House property
b. Profits and Gains of Business & Profession
c. Capital Gain Taxation
a. Income from other Sources
b. Set off and Carry Forward of Losses
c. Deductions, Refund and Tax Authorities
d. Return of Income and Assessment
e. Penalty and Prosecution for Tax Evasion
f. Search and Seizure
Objective:
To understand the concept of Taxation, heads of
income, including foreign income
Assessment procedures, adjudication and
settlement of tax disputes.
PSDA (Professional Skill Development Activities) 3
Hrs/Week
, 1. Analysis of Tax Provisions for Charitable & other
2. Filing of Tax Returns & Due Date for various tax
payers
3. Analysis of Provisions for Authorities of
Advance Ruling
4. Idea about Transfer Pricing Policy
5. Tax Planning
6. Moot court
7. Case analysis and discussion on emerging areas
of Taxation Law
Text Books:
1. Vinod Singhania & Kapil Singhania, Direct Taxes
Law and Practice, Taxman, 2014
Edition
2. Chaturvedi & Pithisaria, Income Tax Act with
Relevant Tax Acts.
UNIT-1
Tax, in general, is the imposition of financial charges
upon an individual or a company by the Government
of India or their respective state and talking about
income tax comes into picture when we talk about
direct tax as it is liability of the person who is
, earning that particular income. There are various
types of taxes that are there in our country so
shortly, certain are discussed below:
Types of taxes:
Direct and indirect taxation
Direct taxation - This is the taxation on income. This
covers taxes like income tax profits tax and wealth
taxes and these are the ones in which the liability to
pay falls on the one who is earning that particular
income.
Indirect taxation - This is taxation on expenditure.
This covers taxes like VAT, excise duties (tax on
cigarettes, alcohol etc.). These are the ones which
the liability is with someone else.
Progressive, Regressive and proportional taxes
Taxes differ according to their impact on different
income groups. Some taxes will be redistributed
from better-off or high income groups to less well-
off and low income groups and these are called
progressive taxes. However, others will have the
opposite effect and these are called regressive
taxes.
