Principles of Taxation Law
Mahatma Gandhi University · LL.B. Semester 6 · UL-26
Unit I
Tax- Definition, Meaning- Canons of Taxation-Distinction between Tax and Fee- Tax and Cess- Tax and duty- Tax and toll and Tax and Surcharge- Different kinds of Tax- Direct Tax and Indirect Tax- basic Features and distinction- Constitutional Basis of Taxation- Constitution (101st Amendment) Act, 2016-Distribution of taxing power between union and State- Fundamental Rights and Taxing powers- Inter Governmental Tax immunities. Finance Commission.
Unit II
Direct Tax regime-Income Tax Act- Mutual Relation between Income Tax Act with Finance Act- Definitions- Person, Assessee, Previous Year, Assessment Year and Agricultural Income- Concept of Income- Basis of charge in Income Tax- scope of total income - Residential Status- Income which do not form part of total income.
Unit III
Heads of Income under Income Tax Act- Computation of Income under each head--Set Off and Carry Forward of Losses- Representative Assessee- Concept of Tax Planning- Tax Evasion- Tax Avoidance- double Taxation.
Unit IV
Advance payment of tax and Tax deducted at source-Assessment of Income Tax- Collection and recovery of Tax- Income Tax authorities-Settlement of Cases-Appeals and Revision-Penalties, Offences and prosecution.
Unit V
Indirect Tax regime-Goods and Service Tax( GST)-Concept of VAT- Input Tax- Output Tax- Origin and Evolution of GST- Framework of GST in India-CGST, SGST and Integrated GST-GST administration in India-GST Council- Functions and Challenges- GST Network- Objectives, structure, administration and functions-GST exemptions-levy and Collection of GST- registration, documentation- Filing of return-payment of tax- Offences and Penalties.