LAW OF TAXATION
Rashtrasant Tukadoji Maharaj Nagpur University · LL.B. Semester 3 · 3.4
Unit I — UNIT-I :
Constitutional basis of power of taxation —Arts. 265 to 289 · Scope of Tax Laws-Tax and Fee-Capital Receipt and Revenue Receipt · Basic concept of Income Tax — Outlines of Direct Tax and Indirect Tax -- Definition of Income and Agricultural Income under Income Tax Act — Residential Status — Previous Year — Assessment Year — Computation of Income.
- 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)
- Calculation of Gross Total and Taxable income, Tax rebate and Computation of Tax Liability
Unit II — UNIT-II:
Incomes which do not form part of Total Income; · Heads of Income and Computation — Income from Salary, Income from House Property- Profits and Gains of Business or Profession-Capital Gains and Income from other sources.
Unit III — UNIT-III:
Clubbing of Income; Set off and Carry Forward of Losses · Deductions to be made in computing Total Income
Unit IV — UNIT-IV:
Law and Procedure · P.A.N. — Filing of Returns — Payment of Advance Tax -- Deduction of Tax at Source (TDS) -- Double Tax Relief · Law and Procedure for Assessment- Kinds of Assessment, Penalties, Prosecution, Appeals and Grievances -- Authorities.
Unit V — UNIT-V :
The Central Goods and Service Tax Act 2017 · Nature and definitions in GST · Administration and Collection of Tax · Time and Value of supply · Input tax credit · Registration, Accounts and records, Returns, Assessment, Payment of Tax, Refund, Audit, Search and seizure · Appeals and revision · Advance Ruling
Unit VI — UNIT-VI:
The Integrated and Union Territories Goods and Service Tax Act 2017 · The Integrated Goods & Service Tax Act 2017 · Administration and collection of tax · Determination of nature of supply, place of supply, Refund, Zero Rated Supply · Appointment of Tax and Settlement of funds.