Madras University Syllabus for B.Com Income Tax Theory & Law in Practice

Can you please share the syllabus of subjects - Income Tax Law and Income Tax Practice offered in B.Com at Madras University??

Here I am sharing the syllabus of subjects - Income Tax Law and Income Tax Practice offered in B.Com at Madras University

Syllabus of B.Com Subjects - Income Tax Law and Income Tax Practice

Income Tax Law

UNIT-I Objectives of Taxation – Direct and Indirect Taxes – Definitions in Income Tax Act 1961 – Person, Assesses Income – Previous Year Vs Assessment Year - Residential Status – Incidence of Tax

UNIT-II Heads of Income – Salaries, Perquisites, Profit in Lieu of Salary and Deductions – Income from House Property – Annual Value – Deductions.

UNIT-III Profits and Gains of Business or Profession: Chargeability – Expressly Allowed and Disallowed Deductions – Depreciation – Conditions Governing Depreciation

UNIT-IV Capital Gains – Transfer – Cost of Acquisition – Exempted Capital Gain – Method of Computation – Income from Other Sources – General and Specific Incomes - Deductions

UNIT-V Set Off of Losses and Carry Forward and Set Off of Losses – Clubbing of Incomes – Income Tax Authorities – Powers and Duties – Procedure for Assessment – Kinds of Returns and Kinds of Assessment. Note: Question should be related to Theory only)

Reference books:
1. Dr. H.C.Mehrotra – Income Tax Law and Practice
2. Gaur and Narang – Income Tax Law and Practice
3. Dr.Bagavathi Prasad – Income Tax Law and Practice
4. B.B.Lal – Direct Taxes

Income Tax Practice

UNIT-I Determination of Residential Status – Scope of total Income Tax free incomes – Deductions allowed in computing total Income – Section 80C to 80U

UNIT-II Salaries – Perversities, Allowances and Deductions – Computation of Taxable Salary Income – Income from House Property – Annual Value under different Circumstances – Deductions – Computation of Taxable Income from House Property.

UNIT-III Profits and Gains of Business or Profession; Computation of Business Income and Professional Income Separately – Provisions Relating to Speculation Income – Computation of Depreciation Allowances UNIT-IV Capital Gains – Short Term – Long Term – Deductions and Exemption – Method of Computation of Income from other Sources

UNIT-V Aggregation of Income – Adjustment and Carry Forward of Losses – Assessment of Individuals and Firm – Computation of Tax Liability Note: Question paper may be prepared in the ratio of Theory 20 : Problems 80)

Reference Books:
1. Dr. H.C.Mehrotra – Income Tax Law and Practice
2. Gaur and Narang – Income Tax law and Practice
3. Dr.Bagavathi Prasad – Income Tax Law and Practice

Address:
University of Madras
University Building,
Chepauk Campus,
Triplicane,
Chennai, TN 600005 ‎
Ph: 044 2539 9570 ‎

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Hello sir, I am pursuing B.Com. from Madras University But I do not have any information about its syllabus. Can you tell me the Syllabus for B.Com Income Tax Theory & Law in Practice?

I have Syllabus for Madras University B.Com Income Tax Theory & Law in Practice as you want. So here I am providing you syllabus as well as reference books.

Income Tax Law

UNIT-I Objectives of Taxation – Direct and Indirect Taxes – Definitions in Income Tax Act 1961 – Person, Assesses Income – Previous Year Vs Assessment Year - Residential Status – Incidence of Tax

UNIT-II Heads of Income – Salaries, Perquisites, Profit in Lieu of Salary and Deductions – Income from House Property – Annual Value – Deductions.

UNIT-III Profits and Gains of Business or Profession: Chargeability – Expressly Allowed and Disallowed Deductions – Depreciation – Conditions Governing Depreciation

UNIT-IV Capital Gains – Transfer – Cost of Acquisition – Exempted Capital Gain – Method of Computation – Income from Other Sources – General and Specific Incomes - Deductions

UNIT-V Set Off of Losses and Carry Forward and Set Off of Losses – Clubbing of Incomes – Income Tax Authorities – Powers and Duties – Procedure for Assessment – Kinds of Returns and Kinds of Assessment. Note: Question should be related to Theory only)

Income Tax Practice

UNIT-I Determination of Residential Status – Scope of total Income Tax free incomes – Deductions allowed in computing total Income – Section 80C to 80U

UNIT-II Salaries – Perversities, Allowances and Deductions – Computation of Taxable Salary Income – Income from House Property – Annual Value under different Circumstances – Deductions – Computation of Taxable Income from House Property.

UNIT-III Profits and Gains of Business or Profession; Computation of Business Income and Professional Income Separately – Provisions Relating to Speculation Income – Computation of Depreciation Allowances

UNIT-IV Capital Gains – Short Term – Long Term – Deductions and Exemption – Method of Computation of Income from other Sources

UNIT-V Aggregation of Income – Adjustment and Carry Forward of Losses – Assessment of Individuals and Firm – Computation of Tax Liability Note: Question paper may be prepared in the ratio of Theory 20 : Problems 80)

Reference Books:
1. Dr. H.C.Mehrotra – Income Tax Law and Practice
2. Gaur and Narang – Income Tax law and Practice
3. Dr.Bagavathi Prasad – Income Tax Law and Practice



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