PRINCIPLES OF TAXATION (SEMESTER - V)

Module-I: Historicl Pers!ecti"e #d I#troductio#

Unit-1: Taxation in Ancient World and India in Particular
Unit-2: Meaning of Tax
a. Types of Tax
b. ifference bet!een irect Tax and Indirect Tax
c. ifference bet!een Tax and "ee
d. #$aracteristics of Tax and "ee
Unit-%: #anons of Taxation and #$aracteristics of a &ood Tax 'yste(
Unit-): Taxation under t$e Indian #onstitution
Unit-*: Ability to Pay
Module-II: $e#erl Pers!ecti"e
Unit-1: I(portant efinitions
a. Pre+ious ,ear g. Agricultural Inco(e
b. Assess(ent ,ear $. A+erage -ate of Inco(e Tax
c. Inco(e Tax i. .usiness
d. Assessee /. #apital Asset
e. Person 0. #o(pany
f. Total Inco(e
Unit-2: -esidential 'tatus of Assessee
Unit-%: 'cope of Total Inco(e
Unit-): Inco(e 1xe(pt fro( Tax
Unit-*: #oncept of Ad+ance Tax
Module-III: I#co%e &ro% Slries
Unit-1: Meaning and #$aracteristics of 'alary
Unit-2: -elations$ip of 1(ployer and 1(ployee
Unit-%: Inco(e fro( 2ffice not a(ounting to 1(ploy(ent
Unit-): Inco(es "or(ing Part of 'alary
(. .asic 'alary '. "ees3 #o(ission and .onus c( Taxable 4alue of Allo!ances d( Taxable 4alue
of Per5uisites e( -etire(ent .enefit)
Unit-*: eductions fro( &ross 'alary 6'ection 178
Unit-7: #o(putation of Inco(e fro( 'alary
Module-IV: I#co%e &ro% House Pro!ert)
Unit-1: .asis of #$arge 6'ection 228
Applicability of 'ection 22 6.uildings or lands appurtenant t$ereto3 2!ners$ip of
$ouse property3 Property used for o!n business or profession3 -ental inco(e of a
dealer in $ouse property3 9ouse property in a foreign country8
Unit-2: Property Inco(e 1xe(pt fro( Tax
Unit-%: #o(putation of Inco(e fro( :et 2ut 9ouse Property
6eter(ination of annual +alue3 &ross annual +alue3 eductions under section 2)8
Unit-): #o(putation of Inco(e fro( 'elf 2ccupied 9ouse Property
Unit-*: eduction fro( Inco(e fro( 9ouse Property
Module-V: I#co%e &ro% Pro&it #d $i#s o& *usi#ess or Pro&essio#
Unit-1: #oncept of Profit and &ains
Unit-2: scope of 'ection 2; 6.asis of #$arge8
Unit-%: .usiness3 Profession and 4ocation
Unit-): Met$od of Accounting
Unit-*: ifferent eductions under T$is 9ead
( 'c$e(es of .usiness eductions
'( 'pecific eductions under t$is Act
c( eductions under sections %< = %1
Unit-7: epreciation
Module-VII: T+ A"oid#ce, T+ E"sio# #d T+ Pl##i#-
Unit-1: .asic #oncept of Tax A+oidance3 Tax 1+asion and Tax Planning
Unit-2: -eason of Tax A+oidance3 Tax 1+asion
Unit-%: istinction bet!een Tax A+oidance and Tax 1+asion
Unit-): -eco((endation of Wanc$oo #o((ittee to "ig$t Tax 1+asion
Unit-*: 1ffect of Tax A+oidance and Tax 1+asion
Module-VIII: I#direct T+
Unit-1: 'er+ice Tax
Unit-2: 1xcise uty
Unit-%: #usto( uty
Unit-): 'ale Tax