Sub Committee for Curriculum Development

Banking& Finance Specialization

Under-Graduate

Course: FU12

Course Name:Direct Taxation

Number of Credits:3

Level: 3

Learning Objective(s):
1. To understand basic concepts in direct taxes;
2. To apply these concepts in computing tax liability;
3. To apply tax concepts in tax planning.

Pedagogy:
1. Lectures and PPTs
2. Use of technology in Tax reporting and planning

Pre-learning:Basic knowledge of financial accounting is advisable.

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 S.No. Topic Hours
Basic Concepts& Definitions:
Tax systems in India, Assessment Year, Previous Year, Person
and Assessee, Gross Total Income and Total Income,
1
Residential Status, Scheme of exemptions and deductions,
Overview, and basic definitions under the Income Tax act, 6
1961.
Income Exempt from Tax:
Basis of charge, rates of taxes, organizational structure of
2 income tax, CBDT etc, Various incomes exempt from tax and 6
its effect on total income, Residential status and its effect on
total income.
Computation of Income under different Heads of
Income:
Overview of computation, computation and tax planning of
3 25
salary income, house property, Business income: important
deductions, disallowances and exemptions , Capital
gains,Capital gains , Income from Other Sources.
Clubbing of Income, Deductions, Set off and Carry
forward of losses:
4 8
Provision of clubbing of income and various deductions under
Income Tax Act, Set Off and Carry forward of losses
45
Course Outline

Books Recommended
1. Systematic Approach to Income Tax. Ahuja, G K & Gupta, Ravi, Allahabad,
Bharat Law House,
1999.
2. Law of Income TaxIyengar, A C. Sampat. ALLAHABAD, Bharat Law
House.1981.
3. Income Tax.Kanga, J B and Palkhivala, N A, Bombay, Vol.1-3, N.M. Tripathi.
4. Corporate Taxation: A Handbook. 2nd ed., Ranina, H P. ,New Delhi, Oriental
Law House, 1985.
Suggested Evaluation Methods:
1. Class test
2. Assignment based on real world situation

Parallel/Similar courses the existing curriculum:

S.No. Name of the course Institute where it was offered
1 Direct Tax SCMS-P
2 Direct Tax SCMS-N

MsGowriMeno DrBhartiWadh Ms Surya

Name of
n wa RashmiRaw
Member
at
Designation Asst Prof Asst Prof Asst Prof

Org. / Inst. SCMS Pune SCMS Noida SLS Pune

Signature

Academic Year 2013-14 Page 2 of 2

Name of the Expert: V.Ravi Kumar

Signature:

Date:17 August 2013

Academic Year 2013-14 Page 3 of 2