Assam University Bcom Syllabus 6Th SEMESTER ELEMENTS OF INCOME TAX

Assam University Bcom Syllabus 6Th SEMESTER ELEMENTS OF INCOME TAX click here to download now

B. COM 6Th SEMESTER

ELEMENTS OF INCOME TAX

BCMP 603 (PASS PAPER)

Objective: The course provides the students an understanding of the fundamentals of Income Tax.

Full Marks - 50

UNIT 1 

CONCEPTS OF INCOME TAX 10

1.1 Basic Concepts : Income, Agricultural Income, Assessment Year, Previous Year, Gross Total Income, Total Income, person.
1.2 Scope of Total Income.
1.3 Residential Status & Tax Liability.
1.4 Income which does not form part of Total Income.

UNIT 2 

INCOMES FROM SALARY 10

2.1 Salary: Meaning, ffiasis of charge.
2.2 Different forms of salary.
2.3 Different forms of Allowances.

UNIT 3 

INCOME FROM SALARY (CONTINUED) 10

3.1 Prerequisite: Meaning, Types.
3.2 Deductions from Salary Income.
3.3 Treatments of Provident Funds Contribution.
3.4 Computation of Income from Salary.

UNIT 4 

INCOMES FROM HOUSE PROPERTY 10

4.1 Annual Value- Its determination.
4.2 Deductions from Net Annual Value.
4.3 Exempted Incomes from House Property.
4.4 Computation of Income from House Property.

UNIT 5 

ADMINISTRATION OF INCOME TAX ACT 10

5.1 Various Income Tax Authorities.
5.2 Power of CBDT.
5.3 Power and jurisdiction of ITO.

Suggested Readings:

1. Gour and D. B Narang: Income Tax Law and Practice, Kalyani Publishers.
2. V. K. Singhania and M. Singhania: Students Guide to Income tax; (Taxmann).
3. H. C. Mehrotra: Income tax Law & Practice, Sahitya Bhawan, Agra.