Paper I: Taxation – Income Tax Law And Accounts - B Com Part II Syllabus - Maharaja Ganga Singh University, Bikaner(MGSU, Bikaner)

Unit – I
Introduction and definitions, residential status and incidence of tax, computation of taxable income under the head salary.
Unit – II
Computation of taxable income under the heads: Income from house property, Income from business or profession.
Unit – III
Computation of income from Capital Gains, Income from other sources, aggregation and clubbing of income, set off and carry forward of losses, Exempted incomes.
Unit – IV
Deductions from gross total income, computation of total income and tax liability of individuals, computation of total income and tax liability of Hindu undivided family.
Unit – V

Computation of total income and tax liability of partnership firms assessed as such and assessed as Association of persons. Provisions regarding deduction of tax at source and advance payment of tax. Assessment procedure.

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