Law of Taxation
Gondwana University · LL.B. Semester 6 · UL36E06
Unit I
History of Taxation in India · Constitutional Basis of Power of Taxation · Scheme of Taxation · Basic Concepts of Income Tax · Residential Status
- 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
- Income Tax, Residential Status: Rules (Sec.6)
Unit II
Income Exempt from tax · Heads of Income · Clubbing of Income · Set off and carry forward of losses · Permissible deductions from gross total income
- Tax Liability Exemption, Deduction, related to individual, Expenses & Income, Rebate, Deemed income and clubbing of income
- Carried forward and Set of losses
- 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 III
Return of Income · PAN & TAN · Assessment – Procedure & Kinds · Rectification of Mistake · Advance Tax, TDS
Unit IV
Income Tax Authorities- hierarchy, Powers & Function · Survey, Search & Seizure under Income Tax Act · Settlement of Income Tax Cases · Penalties & Prosecution · Appeal and Revision
Unit V
Concept of GST · Benefits of GST over VAT · Basic concepts under GST Act Act, 2016 · Administration under GST Act, 2016 · Registration Procedure under GST Act, 2016 · Levy and Exemptions from tax under GST · Return filling & Assessment Procedure under GST Act, 2016 · Penalties , Prosecution , Appeal & Revision under GST Act, 2016