Principles of Taxation
2
PRINCIPLES OF TAXATION (SEMESTER - V) Module-I: Historical Perspective and Introduction Unit-1: Taxation in Ancient World and India in Particular Unit-2: Meaning of Tax a. Types of Tax b. Difference between Direct Tax and Indirect Tax c. Difference between Tax and Fee d. Characteristics of Tax and Fee Unit-3: Canons of Taxation and Characteristics of a Good Tax System Unit-4: Taxation under the Indian Constitution Unit-5: Ability to Pay Module-II: General Perspective Unit-1: Important Definitions a. Previous Year g. Agricultural Income b. Assessment Year h. Average Rate of Income Tax c. Income Tax i. Business d. Assessee j. Capital Asset e. Person k. Company f. Total Income Unit-2: Residential Status of Assessee Unit-3: Scope of Total Income Unit-4: Income Exempt from Tax Unit-5: Concept of Advance Tax Module-III: Income from Salaries Unit-1: Meaning and Characteristics of Salary Unit-2: Relationship of Employer and Employee Unit-3: Income from Office not amounting to Employment Unit-4: Incomes Forming Part of Salary (a. Basic Salary b. Fees, Comission and Bonus c. Taxable Value of Allowances d. Taxable Value of Perquisites e. Retirement Benefit) Unit-5: Deductions from Gross Salary (Section 16) Unit-6: Computation of Income from Salary Module-IV: Income from House Property Unit-1: Basis of Charge (Section 22)
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PRINCIPLES OF TAXATION (SEMESTER - V)
Module-I: Historical Perspective and IntroductionUnit-1: Taxation in Ancient World and India in ParticularUnit-2: Meaning of Tax
a. Types of Taxb. Difference between Direct Tax and Indirect Taxc. Difference between Tax and Feed. Characteristics of Tax and Fee
Unit-3: Canons of Taxation and Characteristics of a Good Tax SystemUnit-4: Taxation under the Indian ConstitutionUnit-5: Ability to PayModule-II: General PerspectiveUnit-1: Important Definitions
a. Previous Year g. Agricultural Incomeb. Assessment Year h. Average Rate of Income Tax c. Income Tax i. Business d. Assessee j. Capital Assete. Person k. Companyf. Total Income
Unit-2: Residential Status of AssesseeUnit-3: Scope of Total IncomeUnit-4: Income Exempt from TaxUnit-5: Concept of Advance TaxModule-III: Income from Salaries Unit-1: Meaning and Characteristics of SalaryUnit-2: Relationship of Employer and EmployeeUnit-3: Income from Office not amounting to EmploymentUnit-4: Incomes Forming Part of Salary (a. Basic Salary b. Fees, Comission and Bonus c. Taxable Value of Allowances d. Taxable Value of Perquisites e. Retirement Benefit)Unit-5: Deductions from Gross Salary (Section 16)Unit-6: Computation of Income from Salary
Module-IV: Income from House PropertyUnit-1: Basis of Charge (Section 22)
Applicability of Section 22 (Buildings or lands appurtenant thereto, Ownership of house property, Property used for own business or profession, Rental income of a dealer in house property, House property in a foreign country)
Unit-2: Property Income Exempt from TaxUnit-3: Computation of Income from Let Out House Property (Determination of annual value, Gross annual value, Deductions under section 24) Unit-4: Computation of Income from Self Occupied House PropertyUnit-5: Deduction from Income from House Property
Module-V: Income from Profit and Gains of Business or ProfessionUnit-1: Concept of Profit and GainsUnit-2: scope of Section 28 (Basis of Charge)Unit-3: Business, Profession and VocationUnit-4: Method of AccountingUnit-5: Different Deductions under This Head
a. Schemes of Business Deductionsb. Specific Deductions under this Actc. Deductions under sections 30 & 31
Unit-6: Depreciation
Module-VII: Tax Avoidance, Tax Evasion and Tax PlanningUnit-1: Basic Concept of Tax Avoidance, Tax Evasion and Tax PlanningUnit-2: Reason of Tax Avoidance, Tax EvasionUnit-3: Distinction between Tax Avoidance and Tax EvasionUnit-4: Recommendation of Wanchoo Committee to Fight Tax EvasionUnit-5: Effect of Tax Avoidance and Tax Evasion
Module-VIII: Indirect TaxUnit-1: Service TaxUnit-2: Excise DutyUnit-3: Custom DutyUnit-4: Sale Tax
