Principles of Taxation Law
Mahatma Jyotiba Phule Rohilkhand University · LL.B. Semester 6
Unit 1
(a) Introduction: Origin, History, and Need of Taxation · (b) Concept of Tax and Fee, Distinction between Tax and Fee · (c) Canons of Taxation (Characteristics of a good tax system) · (d) Definitions: Persons, Assesses, Tax Pays, Previous year, Assessment years, Financial Year, Income, Gross Taxable Income, Taxable Income, Agricultural Income, Tax Evasion and Tax Avoidance
Unit 2
(a) Constitutional provisions relating to Taxation: Nature and Scope of Tax · (b) Taxation and right to equality · (c) Taxation and Freedom of Trade, Commerce, and Intercourse · (d) Residuary Power of Taxation Under Entry 97 of the Union List · (e) Judicial Review of the Orders of Tax Authorities
Unit 3
(a) Direct Taxation in India · (b) Power to levy taxes on income · (c) Heads of Income · (d) Deductions, Taxable income, and Computation of Tax Liability, · (e) Assessment Procedure and types of assessment · (f) Agricultural income and exemption from liability
- Income Tax, Residential Status: Rules (Sec.6)
- Tax Liability Exemption, Deduction, related to individual, Expenses & Income, Rebate, Deemed income and clubbing of income
- 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
- 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
Unit 4
(a) Concept of Indirect Taxes at a Glance: Background · (b) Pre-GST tax structure and deficiencies; · (e) Existing tax structure: Basic concept and overview of GST, Models of GST: CGST, SGST, UTGST, IGST · (e) Constitutional Framework of GST · (f) Levy and collection of CGST and IGST
Unit 5
(a) Distribution of Tax Revenues between center and states · (b) Inter-Governmental Tax Immunities in a federation · (c) Tax evasion & Black money- Causes & effects of Tax Evasion, Tax evasion distinguished with Tax Avoidance and Tax Planning.