B.

A PROGRAMME
TAX MANAGEMENT
CONVENOR AND COORDINATOR PROFESSOR K.V.BHANUMURTY

JOINT COORDINATOR SURENDER MUNJAL

TAX MANAGEMENT SYALLABUS Course Objective:

1. To impart knowledge of the basic principles underlying the substantive provisions of direct and indirect tax laws to the students. 2. To equip students with application of principles and provisions of direct tax laws in computation of income and taxation of an individual and the assessment procedure.

Expected Learning Outcome:

The students will gain a working knowledge regarding computation of tax liability under Direct and Indirect taxes and the relevant procedures. Course Content:

PART A: Direct Tax Laws

1. Definitions, Concepts of income, previous year, assessment year, residential status, assessee, person. 2. Basis of charge and scope of total income. 3. Income exempt from tax (Pertaining to Individuals/Firms). 4. Computation of total income under various heads, such as salaries, income from house property, profit and gains of business or profession, capital gains, income from other sources. 5. Clubbing of income, aggregation of income and set off and carry forward of losses; deductions from gross total income (pertaining to individuals and firms), rebate and relief in respect of income-tax; computation of total income (pertaining to individual and firms) 6. Assessment of individuals and firms. 7. Provisions concerning procedure for assessment. 8. Tax deduction at source and advance tax. 9. Charges of Wealth tax; assets, deemed assets and assets exempt from tax, valuation of assets; computation of net wealth, return of wealth.

PART B: Indirect-Tax Laws

Central Excise Laws: Nature of excise duty; chargeability scope and basis of the levy, meaning of goods, manufacture and manufacturer, classification and valuation of goods, duty payment and exemption provisions, provisions and procedure dealing with registration and clearance of goods, and overview of set-off of duty scheme. Custom Laws: An overview of law and procedure; clearance of goods from the port, including baggage, goods imported or exported by post; stores and goods in transit; duty drawback provisions. Central Sales Tax Laws: Evolution and scope of levy of Central sales tax; inter-state sale, sale outside a state and sale in the course of import and export- basic principles; registration of dealers and determination of taxable turnover, value added tax and implication.

TAX MANAGEMENT
The Paper will have 4 Lecture Period Per week.

Structure of Paper
Internal Assessment 25 Marks Annual Examination 75 Marks

Structure of Question Paper

Part A will have 25 Marks of Annual Examination Part B will have 50 Marks of Annual Examination Part A: There will be one compulsory question of 5 marks and six questions of 15 marks each out of which examinee will do any three. Part B: There will be one compulsory question of 5 marks and four questions of 10 marks each out of which examinee will do any two.

Tax Management
S.N. Lesson (Application Course of B.A. Programme) Author (College) Lectures

1. Basic Concepts

Ms. Monica Singhania (Department of Financial Studies) 2. Residential Status Ms. Monica Singhania (Department of Financial Studies) 3. Income Exempt from Tax Ms. Monica Singhania (Department of Financial Studies) 4. Income from Salary-I Dr. Gurminder Kaur (Guru Gobind Singh College of Commerce) 5. Income from Salary-II Dr. Gurminder Kaur (Guru Gobind Singh College of Commerce) 6. Income from House Property Ms. Alka Gupta (Gargi College) 7. Profit and Gains from Business and Profession Ms. Monica Singhania (Department of Financial Studies) 8. Capital Gains Mr. Surender Munjal (Moti Lal Nehru College (Eve.)) 9. Income from other sources Mr. Surender Munjal (Moti Lal Nehru College (Eve.)) 10. Clubbing of Income Dr. Vandana Bansal (Bharti College) 11. Set off and Carry Forward of Dr. Vandana Bansal Losses (Bharti College) 12. Deductions, Rebate and Relief Dr. Vandana Bansal (Bharti College) 13. Computation and Assessment of Individual and Firms Mr. Surender Munjal (Moti Lal Nehru College (Eve.)) 14. Assessment Procedure Mr. Surender Munjal (Moti Lal Nehru College (Eve.)) 15. Tax Deducted at Source Mr. Surender Munjal (Moti Lal Nehru College (Eve.)) 16. Advance Tax Mr. Surender Munjal (Moti Lal Nehru College (Eve.)) 17. Wealth Tax -I Ms. Surinder Kaur (Acharya Narender Dev College) 18. Wealth Tax -II Ms. Surinder Kaur (Acharya Narender Dev College) 19. Central Excise Mr. Surender Munjal (Moti Lal Nehru College (Eve.))

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20. Customs Law-I 21. Customs Law-II 22. Central Sales Tax Law

Ms. Mamta Bhushan (Kamla Nehru College) Ms. Mamta Bhushan (Kamla Nehru College) Ms. Rupali Pebreja (Acharya Narender Dev College)

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