COURSE CONTENTS

Unit-1:
Brief History of Income Tax in India; General introduction of Indian income tax act,
1961: Background, Concept and Mechanism of Income Tax–Definitions, Concept of
Income, Previous Year, Assessment Year, Distinction between Capital and Revenue
Receipts and Expenditure, Residential Status and tax incidence –Basis of Charge and
Scope of Total Income; Income exempted from tax; Incomes which do not form part of
Total Income;

Unit-2:
Computation of Total Income under Various Heads: Salaries, Income from House
Property, Profit and Gains of Business or Profes sion, Capital Gains, Income from Other
Sources; Clubbing Of Income, Set-off and Carry-Forward of Losses and Deductions from
Total Income; Income of Other Persons included in Assessee’s Total Income;
Aggregation of Income and Set Off or Carry Forward of Losses; Various Deductions to
be made in Computing Total Income, Rebates and Relief’s; Applicable; Rates of Taxes
and Tax Liability; Assessment of Individual; Assessment of partnership firm;

Unit-3:
Taxation of different kinds of persons: Taxation of Individuals including Non-Residents,
Hindu Undivided Family, Firms, LLP, Association of Persons, Cooperative Societies,
Trusts, Charitable and Religious Institution; Classification and Tax Incidence on
Companies: Computation of Taxable Income and Assessment of Tax Liability, Dividend
Distribution Tax, Minimum Alternate; Tax and Other Special Provisions Relating to
Compa nies;

Unit-4:
Collection and Recovery of Tax: Tax Deduction at Source, Tax Collection at Source,
Recovery and Refund of Tax; Provisions of Advance Tax; Procedure for Assessment,
Appeals, Revisions, Settlement of Cases and Penalties & Offences: Provisions
concerni ng Procedure for Filing Returns,
Signatures, E-Filing, Assessment, Reassessment and Settlement of Cases, Special
Procedure for Assessment of Search Cases, E -Commerce Transactions, Liability in
Special Cases, Refunds, Appeals and Revisions; Penalties Imposable, Offences and
Prosecution;
.
Suggested Readings:
1. Malhotra H.C., Income Law and Practice, Sahitya Bhawan Publication
2. Singhania V.K, Student Guide to Income Tax, Taxmann’s Publication
3. Lal B.B., Income Tax Law and Practice