1.1 Basis of Charge; Exempted Incomes from House Property.
1.2 Computation of Income from Letting Out, Self-Occupied, Deemed to be Let Out, Partly Let Out and Partly Self-Occupied Houses.
1.3 Provisions Related to Unrealized Rent and Arrears of Rent.
1.4 Deductions from Annual Value.
2.1 Capital Assets, Self-Generated Assets, Kinds of Capital Assets.
2.2 Transfer of Capital Assets; Certain Transactions not Regarded as Transfer; Capital Gains Exempt from Tax; Withdrawal of Exemptions.
2.3 Computation of Capital Gains.
2.4 Practical Problems on Capital Gains.
3.1 Chargeability; General and Specified Income.
3.2 Types of Securities; Deductions under Section 57.
3.3 Computation of Income from Other Sources.
3.4 Deductions to be made from Gross Total Income (Individuals Only):
80C, 80CCD(1), 80CCD(1B), 80CCD, 80CCE, 80CCH, 80D, 80E, 80EE, 80EEA, 80EEB, 80G, 80GG, 80TTA, 80U.
4.1 The Classes of Income.
4.2 Tax Authorities for Executing and Functioning of Income Tax Act.
4.3 Powers of Central Board of Direct Taxes.
4.4 Powers of Commissioner of Income Tax; Powers of Income Tax Authorities.
1. Students will be aware the heads of Income Tax.
2. They will be able to assess the taxable income under various head.
3. They will be able to compute the tax liability.
4. They will also understand the procedure of assessment.
403402 BCOM Semester 4 Income Tax 2 (NEP)
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