Taxation Law
University of Jammu · LL.B. Semester 5 · LLB301
Unit I
Definitions: Income, Total Income, Person, Agricultural Income, Assessee, Assessment Year and Previous Year, Assessing Officer (Section 2 and 3) · Determination of Residential Status and Tax Incidence (Sections 5-9). · Exempted Income under Section 10.
- 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)
- Tax Liability Exemption, Deduction, related to individual, Expenses & Income, Rebate, Deemed income and clubbing of income
Unit II
Income under the head “Salaries” and its Computation. (Sections 15 to 17). · Income under the head “Income from House Property” and its Computation (Sections 22 to 27). · Income under the head “Profits and Gains of Business or Profession” and its Computation. (Section 24 to 38). · Income under the head “Capital Gains” and its Computation (Sections 45 to 55). · Income under the head “Income from Other Sources” and its Computation (sections 56 to 58).
Unit III
Clubbing of Income (Sections 60 to 65). · Set off and Carry Forward of Losses (Sections 70-80). · Return of Income (Sections 139-158). · Income tax Authorities (Sections 116 to 138).
Unit IV
Deductions under Section 80 (C) · Double Taxation Relief · Appeal to the Commission (Appeal), Appeal to the Appellate Tribunal, appeal to the High Court, Appeal to the Supreme Court. · Goods and Services Tax. Meaning, Nature and Scope of Goods and Services Tax. Advantages of GST, Basic Framework of GST, Exemption from Tax, GST Council and Administrative Authorities.