Optional (any one of LB-8061 to LB-8064): Tax Law (Direct and Indirect)
Babasaheb Bhimrao Ambedkar University · LL.B. Semester 8 · LB-8061
Unit I
Introduction · i. Concept of Tax and Kinds of Taxes · ii. Direct Tax · iii. Incomes which do not form part of total Income
- History of Tax Law in India
- Constitutional provisions relating to Taxation
- Nature and Scope of Tax
- Definition: Persons, Assessees, Previous year, Assessment years, Financial year, Income, Gross Taxable Income, Taxable Income, Agricultural Income, Tax Evasion and Tax Avoidance
- Tax Liability Exemption, Deduction, related to individual, Expenses & Income, Rebate, Deemed income and clubbing of income
Unit II
Heads of Income · i. Salaries · ii. Income from House Property · iii. Profits and Gains of Business or Profession · iv. Capital Gains · v. Income from Other Sources
Unit III
Indirect Tax · i. Introduction to Goods and Service Tax Act · ii. Definitions · iii. Administration · iv. Levy and Collection of Tax · v. Registration · vi. Offences and Penalties
Unit IV
Assessment and Tax Authorities · i. Assessment Procedure · ii. Types of Assessment · iii. Tax Authorities