Taxation Laws (LU, BBA, Fifth sem)

Syllabus

(BBA 505)

TAXATION LAWS

Unit I: Important Definitions, Concepts of Income, Exempted Incomes, Residential Status and Tax Liability.

Unit II: Heads of Income – Income from Salaries, Income from House & Property, Profits and Gains of a Business or Profession,

Capital Gains, Income From Other Sources.

Unit III: Individual Assessment, Assessment Procedure, Set off and Carry Forward of Losses, Clubbing of Income, Income – Tax

Authorities and their Powers.

Unit IV: Wealth Tax – Exemptions, Deemed Wealth, Calculation of Wealth Tax Liability, Assessment Procedure.

Unit-I

Chapter 1: Important Definitions of Income Tax

Chapter 2: Exempted Incomes

Chapter 3: Residential Status and Tax Liability

Unit-II

Chapter 4: Income from Salaries

Chapter 5: Income from House & Property

Chapter 6: Profits and Gains of a Business or Profession

Chapter 7: Capital Gains

Chapter 8: Income from Other Sources

Unit-III

Chapter 9: Individual Assessment

Chapter 10: Set off and Carry Forward of Losses

Unit-IV

Chapter 11: Wealth Tax

Solved Paper (2016)

Model Papers