Law of Taxation
This course aims to help students to comprehend the basic principles of the laws governing Direct and Indirect taxes. It also helps to understand the basic principles underlying the Income Tax Act and Compute the taxable income of an assessee. It will also analyse the assessment procedure and explain about the representation before appropriate authorities under the law. The direct taxation is a powerful incentive or disincentive to economic growth, a lever which can rise or depress savings and capital formation, and instrument of reducing income disparities. The following course content has been designed to provide a comprehensive picture of taxation in India.
University of Mumbai · B.L.S. Semester 10 · 4 modules · 15 topics · 15 written.
Module 1 — Module 1
Module 2 — Module 2
- 2.1 Income Tax, Residential Status: Rules (Sec.6)
- 2.2 Tax Liability Exemption, Deduction, related to individual, Expenses & Income, Rebate, Deemed income and clubbing of income
- 2.3 Carried forward and Set of losses
- 2.4 Heads of Income: Income from Salary, House property, Business and Profession, Capital Gain and other sources
- 2.5 Calculation of Gross Total and Taxable income, Tax rebate and Computation of Tax Liability
- 2.6 Taxation in cases of Mergers & Acquisitions