Direct Tax MCOM Semester III Manan Prakashan

Direct Tax MCOM Part 2 Semester III

Content:

1. Definitions and Basis of Charge

l Definitions : Person, Assessee, Income

l Basis of Charge : Previous Year, Assessment Year, Residential Status, Scope of Total Income, Deemed Income

2. Heads of Income

l Income from Salary

l Income From House Property

l Profits and Gains From Business and Profession

l Income from Capital Gains

l Income from Other Sources

3. Deductions u/s 80 and Exclusions from the Total Income

l Deductions : 80C, 80CCF, 80D, 80DD, 80DDB, 80E, 80U

l Exclusions : Exemptions related to Specific Heads of Income to be covered with Relevant Provisions, Agricultural Income, Sums received from HUF by a Member, Share of Profit from Firm, Income from Minor Child, Dividend

4. Computation of Income and Tax of Individual, Firm and Company (Excluding MAT) and Provisions for Filing Return of Income – Sec 139(1) and Sec 139(5)

l Computation of Income and Tax of Individual and Partnership Firm

Note :

1. The syllabus is restricted to study of particular sections, specifically mentioned in rules and notifications only.

2. All modules/units include computational problems / Case Study.

3. The Law /in force on 1st April immediately preceding the commencement of Academic Year will be applicable for ensuing examinations.

Additional Information