Total Lecture Hours: 45

Objective

After completion of the course, a learner can have following takeaways: 

• Knowledge of Residential Status of different Persons
• Knowledge of various Heads of income tax.
• Idea on Set off and Carry forward of Losses
• Knowledge of Clubbing of Income
• Knowledge of Computation of Income of an Individual
• Knowledge of Computation of Income of HUF

COURSE LAYOUT

Module 1 :

Preliminary 

• Basics of Charge of Income Tax
• Various Definitions
• Tax Treatment of Agricultural Income & Keyman Insurance Policy
• 5 Hours

Module 2: 5 Hours

Residential Status

• Residential Status of Individual
• Residential Status of HUF
• Residential Status of Companies and AOPs

Module 3: 5 Hours

Income which does not form part of Total Income

• Tax Treatment of Political Parties and Electoral Trust
• Bond Washing Transactions, HUF and its income
• Income Tax Authorities and Due Date of Filing Return of Income
• Double Taxation Avoidance Agreements
• Chapter VI A Deductions

Module 4: 20 Hours

Five Heads of Income

• Income under the head Salaries
• Income under the head House Property
• Profits and Gains from Business or Profession
• Capital Gains
• Income from Other Sources

Module 5: 5 Hours

Clubbing of Income and Set off and Carry forward of Losses

Module 6: 5 Hours

Computation of Income of Individual and HUF

SUGGESTED READINGS

• Student's Handbook on Taxation by TN Manoharan & G R Hari, SnowWhite Publications
• Income Tax (for B.Com Students) by Dr. H.C. Mehrotra, & Dr. S.P Goyal, Sahithya Bhavan Publications