Principles of Taxation Law (2023 version; file labelled LB 604 / VIth Term)

Unit 1 — Introduction

• 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

Unit 2 — Agricultural Income - Meaning of Agricultural Income

Unit 3 — Residence and Scope of Total Income

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

Unit 4 — Heads of Income (Sections 14-59)

• Heads of Income: Income from Salary, House property, Business and Profession, Capital Gain and other sources
• Calculation of Gross Total and Taxable income, Tax rebate and Computation of Tax Liability

Unit 5 — Income of Other Persons included in Assessee's Total Income (Sections 60 to ...)

Unit 6 — Assessment - Best Judgment Assessment; Income escaping assessment

• Assessment Procedure
• Types of Assessment Income Tax Authority: Their function, Duties and Powers, Appeal, Offences, Fines and Penalties, Settlement of grievances and Prosecution, Income Tax Act, 1961, Income Tax Rules