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09BAF04 TAX PLANNING FOR INDIVIDUAL AND CORPORATE
4 0 0 4
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UNIT
I |
BASIC CONCEPTS,
TAX ASPECTS, HEADS OF INCOME, ASSESSMENTS |
12 |
|
Definition - Person, Income, Assesses- Previous Year and Assessment Year - Residential
Status of an Individual, Companies and Firms
Scope of Income Tax Act, 1961 -
Direct Tax and Indirect Tax - Merits and Demerits - Difference between Direct
and Indirect Tax
Salary Income - Income from
House Property - Income from Business Or Profession -
Capital Gain - Income from Other Sources
Assessment Of Individuals -
Assessment Of Firms - Assessment Of Companies - Income Exempted From Tax U/S
10. |
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UNIT
II |
INCOME
FROM SALARIES |
12 |
|
Introduction of Salaries -
Definition of Important Terms - Important Concepts Of Salaries - Provisions
of Salaries - Computation of Taxable
Salaries (Simple Problems) |
|
UNIT
III |
INCOME
FROM HOUSE PROPERTY, INCOME FROM BUSINESS OR PROFESSION |
12 |
|
House
Property an Overview - Meaning and
Concepts - Deductions U/S 24 - Exempted House Properties - Computation of House Property Income
(Simple Problems)
Business or Profession - Introduction and Meaning - Definitions and Concepts - Exempted Income - Computation of Business Income (Simple
Problems) - Computation of
Professional Income(Simple Problems) |
|
UNIT
IV |
CAPITAL
GAIN |
12 |
|
Definition and Concepts - Short Term Capital Gain - Long Term Capital Gain - Deductions U/S 54 - Exempted Capital Gains - Computation of Capital Gain. (Simple
Problems) |
|
UNIT
V |
INCOME
FROM OTHER SOURCES (THEORETICAL
ASPECTS ONLY), ASSESSMENT OF FIRMS (THEORETICAL ASPECTS ONLY), ASSESSMENT OF
COMPANIES (THEORETICAL ASPECTS ONLY) |
12 |
|
Income from
other Sources - Definitions and Concepts - Computation of Income from other Sources
Introduction
And Meaning - Definitions of
Firms - Assessment of Firms
Introduction
and Meaning - Definitions of
Companies - Assessment of Companies
TOTAL: 60
Proportions: 60% Theory, 40% Problems |
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TEXT BOOKS: |
|
Sl.No. |
Author(s) |
Title of the
Book |
Publisher |
Year of
Publication |
|
1. |
Gaur and Narang |
Income Tax Theory And Practices |
Kalyani Publishers |
2008 |
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REFERENCE BOOKS: |
|
Sl.No. |
Author(s) |
Title of the
Book |
Publisher |
Year of
Publication |
|
1. |
Malhotra V K |
Income Tax Theory And Practices |
Sultan Chand and Sons |
2008 |
|
2 |
Vinod Shingania |
Advanced Income Tax |
Taxmann Publications |
2008 |
|
2 |
Bhagavathi Prasad |
Income Tax Law and Practice |
|
2008 |
|
4 |
.Duraipandian K and Akbar M |
Income Tax |
Vikas Publishing House Pvt.,
Ltd., |
2008 |
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WEB URLs:
- www.incometaxindia.gov.in
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