Course Name: Direct Taxes Course Code: 18JBS207

Number of credits: 3 Number of Hours: 30

Course Outcomes
1. To acquaint with basic principles underlying the provisions of direct tax laws and to
develop a broad understanding of the tax laws and accepted tax practices.
2. To enable the determination of residential status and income tax computation
3. To understand the computation of income under various heads of income
4. To introduce practical aspects of tax planning as an important managerial decision-
making process.
5. To appreciate the tax compliance process and procedures

Module 1: Basics concepts of Income tax 5

Hours Basic Concepts and Charge of Tax, Residential status of various persons, Income tax
slabs and rates of tax
Learning Outcome: Explain basic concepts of income tax and Identify the residential
status of persons

Module 2: Heads of Income: Part 1 10 Hours

Heads of Income, Basics of Income from Salary, Income from House property and Income
from Capital Gains – Simple problems.
Learning Outcome: Computation of income from salaries, house property and capital gains

Module 3: Heads of Income: Part 2 7 Hours

Provisions relating to Profits and Gains of Business, Expenses allowed and disallowed in the
computation of income from business, income from other sources
Learning Outcome: Computation of income from business and profession and income from other
sources

Module 4: Total income deductions and Set-off and Carry forward of losses 4
Hours Total income deductions: Sections 80C, 80CCC, 80CCD(1B), 80E, 80, 80G, 80TTA, Set-
off and Carry forward of losses
Learning Outcome: Understand total income deductions and appreciate provisions relating to
set- off and carry forward of losses

Module 5: Assessment, Compliances and tax planning 4

Hours Assessment, types of assessment, TDS, Advance tax payments, Refunds, Filing the Returns,
relevant forms and procedures, Tax Planning
Learning Outcome: Explain the assessment procedure, compliance and tax planning

Text & Reference Books

V.K Singhania (2018). Direct Taxes. Delhi, Taxmann Publications
T.N Manoharan (2018). Direct Tax Laws. Snow White Publications

Evaluation Pattern

Continuous End term

Attendance Total
Evaluation Examination
45% 50% 5% 100%