DIRECT TAX TYBMS Semester V / TYBFM Semester V / SYBBI Semester III Manan Prakashan

1. Definitions and Residential StatusBasic Terms (S: 2, 3, 4)Assessee, Assessment, Assessment Year, Annual Value, Business,Capital Assets, Income, Previous Year, Person, TransferDetermination of Residential Status of Individual,

Scope of Total Income (S : 5)

2. Heads of Income – I

Salary (S. 15 – 17)

Income from House Property (S. 22 – 27)

Profit & Gain From Business and Profession

(S : 28, 30, 31, 32, 35, 35D, 36, 37, 40, 40A and 43B)

3. Heads of Income – II

Capital Gain (S : 45, 48, 49, 50 and 54)

Income from Other Sources (S. 56 – 59)

Exclusions From Total Income (S. 10)

(Exclusion related to specified heads to be covered with relevant heads of income)

4. Deductions Under Chapter VI A

S. 80C, 80CCC, 80D, 80DD, 80E, 80U, 80TTA

5. Computation of Taxable Income for Individuals

Computation of Total Income and Taxable Income of Individuals
Note :

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

1. All modules / units include Computational Problems / Case Study.

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