Course Title: Tax on Income L T P/ SW/ TOTA

S FW L
CREDI
Course Code:
T
UNITS
2 - - - 2
Credit Units: 2

Course Objective:
The Course will provide advance knowledge to the students on taxation pertaining to tax on
income from various sources, besides, the objective of the course is to acquaint students with
various tax authorities and respective orders concerning taxes .

Pre-requisites:
The basic knowledge of law at graduate level in general is required and students are also
expected to have preliminary understanding of tax laws in India.

Student Learning Outcome:

To ensure all newly qualified law graduates to have the technical and professional skills in tax
laws to begin their higher studies from which they can build their professional knowledge and
skills in its national and international perspectives.
Course Contents/Syllabus:

Module I: Weightage (%)

Tax on income in its historical perspective, sources of income, income for 20

taxation purpose, exemptions and deductions

Module II:
Constitutional position: taxing power of states and central government, 20
taxes, fee, cess, charges, income deemed to arise or accrue in India,
income not included in total income another party

Module III:

Person liable to tax: individual, partnership, limited liability partnership , 20

company , HUF, trusts, charitable and religious institutions, industrial
undertaking ,corporations , societies and like entities , residential status
of assesses.
  Module IV :

Income of third parties included in accesses income, deemed income, 20

deduction at source, returns, self-assessment, best judgment assessment
, Carry forward &setoff, mergers /de-mergers and taxation
Module V :

Tax authorities: powers and duties, adjudication, search, seizure, 20

production of documents/ information, attachment, garnishee orders,
priority of claims

Pedagogy for Course Delivery:

The course will be taught by delivery of lectures, interaction/discussions, presentation of papers,
attending to seminars, and study of the case laws
Assessment/ Examination Scheme:

11 Components CT LP PR A EE
Examination Weightage 10 10 25 5 50
(%)
Scheme:

Text and References:

Concise commentary on Income Tax by Ahuja & Gupta , Law & Practise of Income Tax (Kanga &
Palkiwala’s )revised by Revised by Arvind P Datar , Lexis Nexis Publishers , Students Guide to Income Tax
including Service Tax /Vat by Dr. vinod K. Singhania & Dr. Monica Singhania , Direct Taxes Manual in 3
vols by Bharat ,besides ,references can be made to AIR Manual , Quinquennial Digest , Respective
Indian Statutes and journals