Taxation Laws

Syllabus

BBA 405: TAXATION LAWS

Unit-I                                                                           (10 lectures)

Introduction to Income Tax Act, 1961: Basic Concepts; Income, Agricultural Income, Casual Income, Assessee, Assessment Year, Previous Year, Gross Total Income, Total Income, Tax Evasion, Avoidance and Tax Planning. Heads of Income: House Property, Business & Profession, Simple Numerical, Residential Status and Tax Liability.

Unit-II                                                                         (10 lectures)

Heads of Income: Salaries- Meaning, Allowances, Prerequisites, Valuation of Prerequisites, Provident Fund, Simple Numerical.

Unit-III                                                                        (10 lectures)

Heads of Income: Capital Gains, Other Sources, Determination of Gross Total Income, Simple Numerical.

Unit-IV                                                                        (10 lectures)

Goods & Services Tax: Definition, Registration under GST, Types of GST.