Introduction: Definition; Cannons of Taxation; Person; Assessee; Income; Previous Year; Assessment Year; Income Tax; Important Dates and Forms. Residential Status & Tax Incidence: Individual; Income Exempted from Tax.
Heads of Income: Salaries; Income from House Property; Profits & Gains from Business or Profession; Capital Gains; Income from Other Sources. Clubbing of Incomes; Calculation of Taxable Income; Tax Calculation including Surcharge and Marginal Relief; Deduction; Rebate; Relief; Set-off & Carry Forward of Losses – Principles; Meaning; Inter-source & Inter-head Set-off.
Tax Avoidance; Tax Planning; Tax Evasion. Income Tax Authorities: Their Appointment; Jurisdiction; Powers and Functions. Tax Administration: Provisions relating to Collection and Recovery of Tax; Refund of Tax; Offences; Penalties and Prosecutions; Appeals and Revisions; Advance Tax; Tax Deducted at Source (TDS); Advance Rulings; Avoidance of Double Taxation Agreements (DTAA).
Computation of Taxable Income; Carry-forward and Set-off of Losses for Companies; Minimum Alternative Tax (MAT); Set-off and Carry-forward of Amalgamation Losses; Tax Planning for Amalgamation, Merger and Demerger of Companies; Tax Provisions for Venture Capital Funds.
Introduction to GST: GST Concepts; Advantages and Limitations of VAT; GST as the Preferred Tax Structure; Model of GST; Need for Tax Reforms; GST Principles – Single GST and Dual GST; Transactions Covered under GST; Impact of GST. Registration and Filing: Rates of Tax; Rates in Foreign Countries and India; Assessment and Administration of GST.
After completion of the course student will be able to:
This subject is on page 6, 7 of the original AKTU PDF.
