Lecture

Details of Topics to be Suggested Date of Reason for HOD

Module Hours Unit
Covered Readings Completion Deviation * Review
Planned

Indian Tax System, Direct

1 I and Indirect taxes; Income C
Tax Act

1 Basic Concepts and

2 I C
Definitions
Residence and Scope of
3-4 I A
Total Income
Income which do not form
5 I A
part of Total Income.

6 I Revision A

Outcome: Able to understand the basic concept of Indian Tax System with Residence and Scope of Total Income
MAP: Quiz
Computation of Income from
II A
7-14 Salary. (Basic Problems)
Computation of Income from
II House Property. (Basic A
15-18
Problems)
Computation of Income from
Profits or Gains of Business
II A
19-22 of Profession.(Basic
Problems)

23 II Revision
2
Outcome: Computation of Income from Salary,House Property,Profits and Gains of Business of
Profession .MAP: Simulation Excercises
Computation of Capital Gains;
III A
24-25
3
III Computation of Income from A
26-27
 Other Sources. (Basic
Problems)

III Assessment of Firms A

28-29

Assessment of Companies
30-32 III A
(Basic Problems)

33 III Revision

Outcome: Computation of capital gain ,Other Sources and able to know the assesment of firms and companies
MAP: Simulation Excercises
Indirect Taxation –
IV Introduction, Central Excise C
34-36
Duty, Levy and Collection
Valuation of Excisable Goods,
Registration in Central Excise,
37-39 IV C
CENVAT, Exemption from
Excise Duty.
The Customs Act, Levy and
Collection, Prohibition of
40-42 IV C
Importation and Exportation
of goods.
Valuation under Customs Act,
4 43-45 IV C
Exemptions.

46 IV Revision
Outcome: Able to understand the Indirect Tax and the various act
MAP:Puzeles
Central Sales Tax- Levy and
Collection, Registration of
47-49 V C
Dealers, Goods of special
5
importance.
Interstate and Intrastate Sale,
50-51 V C
Liability of Tax.
 Value Added Tax:
Background of the Act;
52-53 V Registration of the dealer, C
Procedure and effects of
registration.
Mode of charging VAT,
54 V C
Exemptions.

55 V Revision
Outcome: Able to understand the purpose of paying Central Sales Tax and ,VAT
MAP:Puzele

Note: 60% Theory; 40% Problems

Text Book(s):
A. V.P. Gaur, D. B.NarangIncome Tax Law and Practice.Ludhiana: Kalyani
Publishers.
B. Datey, V. (2011). Indirect Taxes Law and Practice.New Delhi: Taxmann
Publications (P) Ltd.,.
C. Balachandran, V. Indirect Taxation.New Delhi: Sultan Chand & Sons.

Reference Books:

1. Sinhanai V.K. Students guide to Income Tax, New Delhi: Taxmann

2. Mehotra, H.C. and Goyal, S.P. – Income Tax Law and Practice, Agra, SahityaBhawan