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Direct Tax Laws

This document outlines the learning objectives and units of study for a course on direct tax laws. The course aims to provide students with knowledge of key concepts like residential status, income tax incidence, income from different sources, deductions, tax returns, and advance tax payment. It also covers central excise duties, customs duties, and relevant import/export procedures. The course totals 40 credit hours and includes lectures, cases, textbooks, and other reference materials to help students understand taxation and its role in directing economic resources and investment in India.

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Ditesh Agarwal
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204 views3 pages

Direct Tax Laws

This document outlines the learning objectives and units of study for a course on direct tax laws. The course aims to provide students with knowledge of key concepts like residential status, income tax incidence, income from different sources, deductions, tax returns, and advance tax payment. It also covers central excise duties, customs duties, and relevant import/export procedures. The course totals 40 credit hours and includes lectures, cases, textbooks, and other reference materials to help students understand taxation and its role in directing economic resources and investment in India.

Uploaded by

Ditesh Agarwal
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
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DIRECT TAX LAWS Learning Objectives: In the scheme of our national economy and direct taxes occupy a very

important place. Taxation is not merely considered as a tool to raise revenue but the government is effectively utilizing it as a lever to direct the flow of our scarce resources in the desired channel of investment. A management graduate is vitally concerned with the subject of taxation. Knowledge Level : Good Unit - I : Income Tax & Definitions Residential Status and Tax Incidence Income From House Property Income Exempt from Tax Income Exempt under Sec. 10, Sec 11, See 12, Sec 13 A Special provisions in respect of newly Established industrial undertakings in FTZ Special provisions in respect of newly Established 100% EOU Definitions Credit Hours : Lectures Cases Total Seven Two Nine 7 2 9

Unit - II Income from salary Income from Business Capital Gain Income from other sources Calculation of Gross Total Income Deductions from Gross Total Income Credit Hours : Lectures Total Six Six 6 6

Unit - III Clubbing of Income Set off of any carry forward of losses Income escaping assessment Rectification of Mistakes Penal Provisions Credit Hours : Lectures Five Cases Two Total Seven

5 2 7

Unit IV Filing of Return Income Tax Return TDS Return Credit Hours : Unit - V Advance Payment of Tax Tax Deduction at Source Credit Hours : Lectures Case Total Two One Three 2 1 3 Lectures Total Three Three 3 3

Unit -VI : Central Excise Act Liability of Central excise duty Classification of Goods Valuation under Central Excise MODVATE-Basic Concepts Excise and Small Scale Industries Credit Hours: Lecture Case Total Unit - VII : Customs Act Introduction to Customs Duty Valuation for Customs Duty Procedure for Import & Export Baggage, Courier, Postal Articles and Stores Export Incentives Credit Hours: Lecture Five 5 Case One 1 Total Six 6 GRAND TOTAL: FOURTY CREDIT HOURS Text Book: 1. Direct Taxes, Dr. Singhania V. K., Taxmann, New Delhi 2. Indirect Taxes, Dr. Singhania V. K., Taxmann, New Delhi Five One Six 5 1 6

Reference Books : 1. Bare Acts 2. Indirect Taxation, Dinkar Pagare, Sultan Chand & Sons 3. Indirect Taxation, V. Balachandran, Sultan Chand & Sons 4. Tax Laws, Dinkar Pagare, S. C. & Sons 5. Business Taxation, Dinkar Pagare, S. C. & Sons Journals & Magazines : 1. The Chartered Accountant 2. The Chartered Financial Analyst 3. Report of Central Govt. Budget 4. Economic Times 5. Financial Express 6. State Govt. Annual Budget Reports Study Material: IGNOU Study Materials for MBA

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