Direct Taxation (Income Tax Act, 1961)
Mahatma Jyotiba Phule Rohilkhand University · LL.B. Semester 6
Unit 1
1. Income Tax Act Basic concepts of charges of tax · 2. Definitions · 3. Residential status of assesses–its impact on tax liability
Unit 2
1. General concepts · 2. Chargeability to tax-admissible & inadmissible deductions, exclusions and deductions from income · 3. Set off and carry forward of losses. · 4. Salaries · 5. Income from House Property · 6. Income from Profits of Profession and business · 7. Capital Gains · 8. Income from other sources · 9. Clubbing of 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 3
1. Powers & functions · 2. Assessment · 3. Allotment of permanent account number · 4. Economic criteria scheme.
Unit 4
1. Appeal · 2. Revision · 3. Reference · 4. Rectification
Unit 5
1. Prosecutions under Income Tax Act,1961 · 2. Non-compliance · 3. Contravention · 4. Avoidance · 5. Evasion of tax · 6. Penalties