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TAXATION LAW

COURSE NAME- TAXATION LAW
PRICE- Rs. 10,999/-
NUMBER OF SESSIONS-
COURSE DURATION- 30 days
COURSE INCLUSIONS – Online Lectures, Customised E-book, Personalised User Dashboard for course queries, Guest Lecture, Course Quiz (optional), Certificate
LAW INVOLVED – Income Tax Act, 1961
Taxation is the primary finance generation method for Central and State government of India. Study of tax law is important to avoid legal ramifications and penalties from the authorities. This course throws light on all the major legal concepts pertaining to taxes in India including heads of incomes, assessment procedures and adjudication of tax disputes. This technical subject is taught in the simplest possible way.

TOPICS COVERED IN THE COURSE:

I. Basic Concept
a. Types of Taxes and Distinction between Direct and Indirect tax
b. Previous Year and Assessment Year
c. Definition of Certain Terms: Persons, Assessee, Income, Application of Income and Diversion of Income by overriding Titles
d. Assessee and Assessment
e. Capital Receipt and Revenue Receipt
f. Rates of Income Tax: Proportional and Progressive Rate of Taxation
g. Agricultural Income

II. Residential Status, Chargeability
a. Meaning and Rules for Determining Residential status of an Assessee
b. Charge of Income Tax and Scope of Total Income
c. Income Exempted from Tax and Deduction under Income Tax Law
d. Heads of Income and its Justification
e. Tax Treatment to Salary, Perquisites etc.

III. Heads of Income and Rules of Tax
a. Tax Treatment to Income from House property
b. Profits and Gains of Business & Profession
c. Capital Gain Taxation

IV. Residual Income and Procedure for Assessment
a. Income from other Sources
b. Set off and Carry Forward of Losses
c. Deductions, Refund and Tax Authorities
d. Return of Income and Assessment
e. Penalty and Prosecution for Tax Evasion
f. Search and Seizure

BOOKS THAT MAY BE REFERRED:

  1. Bare Act of Income Tax Act, 1961.
  2. Vinod Singhania & Kapil Singhania, Direct Taxes Law and Practice, Taxmann, 2014 Edition.
  3. Chaturvedi & Pithisaria, Income Tax Act with Relevant Tax Allied Acts, Lexis Nexis, 2013.
  4. B.B. Lal, Income Tax, Pearson, 2010 (Ist Edition).
  5. Taxmann’s Income Tax Act as Amended by Finance Act, 2014.