Principles of Taxation Law

Chaudhary Devi Lal University · LL.B. Semester 6 · 511

Unit I

Tax and Fee; Scope of Tax Laws; Concept & Definition; Inc 2(45), Agriculture Income Section 2 (1A), Assessee (Section: 2(9), Assessing Officer · Income which do not form part of total income (Section-10-Capital Expenditure & Revenue Expenditure. ome (Section-2(24), Total Income (Section n-2(7) Assessment Year & Previous Years 13A), Capital Receipt, Revenue Receipt,

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
Income Tax, Residential Status: Rules (Sec.6)

Unit II

Clubbing of Income (section 60-64), Income: Salary (Sections 15-17), Income from House Property (Sections 22-27), Profits & Gains of Business and Profession (Sections 28 & 32, 33,33A, 34, 36-37) · Capital Gains (Sections 45-55A)

Unit III

Income from Other Sources (Sections 56, 58), Set off and Carry forward of Losses (Sections 70-80); · Income Tax Authorities (Sections 116-138), Appeal Reference & Revision, Collection Recoveries and Refund (Sections 190-234, 237 to 245); · Penalties, Offences & Prosecution (S. 271-280)

Unit IV

Good and Services Tax Act, 2017: Meaning, Nature and Scope of Goods and Services Tax, Advantages of GST, Basic Frame Work of GST, Exemption from Tax, GST Council} and Administrative Authorities

Goods and Service Tax: - law, procedure, applicability, assessment, advance ruling