INCOME TAX LAW & PRACTICE (BCOM 403-18)

COURSE– INCOME TAX LAW & PRACTICE (BCOM 403-18)

LEVEL OF KNOWLEDGE : Working knowledge

COURSE OUTCOMES: Upon completion of the course the student would be able to:

CO1- To collect the basic concepts and definitions of Income Tax Act 1961

CO2-Understand the basic principles underlying the Income Tax Act Compute the taxable income of an assessee 

CO3- To know the residential status of assesse and incomes exempted from tax

CO4- To familiar with the computation of income from salary

CO5- To familiar with the computation of income from house property

CO6- To familiar with the computation of income from business and profession

CO7- Analyze the assessment procedure and representation before appropriate authorities under the law

CO8- To acquire the ability to apply the knowledge of the provisions of the direct tax laws to the various situation in actual practice.

REFERENCES:

• https://www.iilsindia.com/study-material/130743_1585893404.pdf
• https://www.incometaxindia.gov.in/Pages/Deposit_TDS_TCS.aspx
• https://cleartax.in/s/tds
• https://www.bankbazaar.com/tax/all-about-tds.html
• https://taxguru.in/income-tax/tax-deducted-source-tds-provisions.html