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INCOME TAX

By Dr. Alice Mani   |   CHRIST( DEEMED TO BE UNIVERSITY), Bangalore
Learners enrolled: 3399
ABOUT THE COURSE: The course intends to impart knowledge on direct taxes. It provides basic knowledge of concept of income, basis of charge and determination of residential status. It provides thorough and comprehensive knowledge on computation of five heads of income namely income from salary, income from house property, income from business or profession, income from capital gains and income from other sources. It also provides knowledge of various concepts and their application relating to direct tax laws with a view to integrating the relevance of these laws with tax planning and decisions.

INTENDED AUDIENCE: The audience would comprise those who intend to learn income tax either for filing their own income tax returns or for their official requirements. This course will help you to understand the Income Tax Act 1961 right from the basic terms of income tax Act till the filing of returns. The roles and responsibilities of income tax officers has also been explained. This will help you to understand the importance of filing the income tax returns by disclosing the correct income or loss and the consequences for not doing the same which will lead to you becoming a responsible Indian citizen. 

PREREQUISITES: Plus-two level with accountancy, and commerce. Non-commerce students can also enroll for the program.

INDUSTRY SUPPORT: All the courses offered on Swayam are recognized by the government of India. A certificate from Swayam platform on MOOC course will add value to your CV. Moreover, learning income tax will help you in your official and personal capacity. You can file your own income tax returns once you earn income. It will also help you to file the tax returns in your official capacity and knowing the income tax provisions will help you to reduce your income tax liability through tax planning.
Summary
Course Status : Completed
Course Type : Core
Language for course content : English
Duration : 12 weeks
Category :
  • Commerce
Credit Points : 5
Level : Undergraduate
Start Date : 31 Jul 2023
End Date : 29 Oct 2023
Enrollment Ends : 31 Aug 2023
Exam Date :

Page Visits



Course layout

Week Number Date Module Name/Assignment 

Week 1 Monday, July 31, 2023 Introduction to Income Tax Tuesday, August 1, 2023 Introduction of Basic Terms
Wednesday, August 2, 2023 Residential Status of an Individual
Thursday, August 3, 2023 Incidence of Tax
Friday, August 4, 2023
Saturday, August 5, 2023
Sunday, August 6, 2023 ASSIGNMENT

Week 2 Monday, August 7, 2023 Exempted Incomes and Capital and Revenue Concepts
Tuesday, August 8, 2023 Income Tax Authorities
Wednesday, August 9, 2023 Introduction to Computation of Income from Salaries
Thursday, August 10, 2023 Allowances
Friday, August 11, 2023
Saturday, August 12, 2023
Sunday, August 13, 2023 ASSIGNMENT

Week 3 Monday, August 14, 2023 Computation of Allowances
Tuesday, August 15, 2023 Perquisites
Wednesday, August 16, 2023 Taxable Perquisites and Perquisites Taxable for Specified Employees
Thursday, August 17, 2023 Rent Free Accommodation or (RFA) and Concessional Rental Accommodation or (CRA)
Friday, August 18, 2023
Saturday, August 19, 2023
Sunday, August 20, 2023 ASSIGNMENT

Week 4 Monday, August 21, 2023 Provident Funds
Tuesday, August 22, 2023 Computation of Pension
Wednesday, August 23, 2023 Computation of Gratuity
Thursday, August 24, 2023 Leave Encashment and Standard Deductions
Friday, August 25, 2023
Saturday, August 26, 2023
Sunday, August 27, 2023 ASSIGNMENT

Week 5 Monday, August 28, 2023 Computation of Salary Income
Tuesday, August 29, 2023 Introduction to Income from House Property
Wednesday, August 30, 2023 Computation of Income from House Property
Thursday, August 31, 2023 Computation of Income from Let Out House Property
Friday, September 1, 2023
Saturday, September 2, 2023
Sunday, September 3, 2023 ASSIGNMENT
Week 6 Monday, September 4, 2023 Computation of Income from Self Occupied House Property
Tuesday, September 5, 2023 Tax Planning with Respect to House Property Income
Wednesday, September 6, 2023 Theoretical Concepts of Computing Income from Business
Thursday, September 7, 2023 Computation of Business Income
Friday, September 8, 2023
Saturday, September 9, 2023
Sunday, September 10, 2023 ASSIGNMENT

Week 7 Monday, September 11, 2023 Theoretical Concepts for Computing Professional Income
Tuesday, September 12, 2023 Computation of Professional Income
Wednesday, September 13, 2023 Theoretical Concepts of Capital Gain
Thursday, September 14, 2023 Computation of Capital Gain
Friday, September 15, 2023
Saturday, September 16, 2023
Sunday, September 17, 2023 ASSIGNMENT

Week 8 Monday, September 18, 2023 Section 54 and Section 54B Exemptions for Capital Gains
Tuesday, September 19, 2023 Section 54D and Section 54EC Exemptions for Capital Gains
Wednesday, September 20, 2023 Section 54F Exemptions for Capital Gains
Thursday, September 21, 2023 Problems on Computation of Income from Capital Gains
Friday, September 22, 2023
Saturday, September 23, 2023
Sunday, September 24, 2023 ASSIGNMENT

Week 9 Monday, September 25, 2023 Theoretical Concepts of Income from Other Sources
Tuesday, September 26, 2023 Types of Securities, Taxability and Rules for Grossing
Wednesday, September 27, 2023 Computation of Income from Other Sources - Part 1
Thursday, September 28, 2023 Computation of Income from Other Sources - Part 2
Friday, September 29, 2023
Saturday, September 30, 2023
Sunday, October 1, 2023 ASSIGNMENT

Week 10 Monday, October 2, 2023 Aggregation of Income or Clubbing of Income
Tuesday, October 3, 2023 Set off and Carry Forward of Losses
Wednesday, October 4, 2023 Computation of Gross Total Income
Thursday, October 5, 2023 Deductions from Gross Total Income - Section 80C
Friday, October 6, 2023
Saturday, October 7, 2023
Sunday, October 8, 2023 ASSIGNMENT

Week 11 Monday, October 9, 2023 Deductions from Gross Total Income - Section 80G
Tuesday, October 10, 2023 Computation of 80G
Wednesday, October 11, 2023 Deductions from Gross Total Income - Section: 80CCC, 80CCD, 80D and 80DD
Thursday, October 12, 2023 Deductions from Gross Total Income - Section: 80GG, 80GGB, 80DDB, 80QQB, 80RRB, 80TTA, 80TTB and 80U
Friday, October 13, 2023
Saturday, October 14, 2023
Sunday, October 15, 2023 ASSIGNMENT

Week 12 Monday, October 16, 2023 Rates of Income Tax for Assessment Year 2022-23
Tuesday, October 17, 2023 Computation of Total Income
Wednesday, October 18, 2023 Problems on Computation of Tax Liability
Thursday, October 19, 2023 Problems on Deductions from Gross Total Income
Friday, October 20, 2023
Saturday, October 21, 2023
Sunday, October 22, 2023 ASSIGNMENT

Week 13 Monday, October 23, 2023 Types of Income Tax Assessment and Powers of Income Tax Authorities
Tuesday, October 24, 2023 Powers of Income Tax Authorities
Wednesday, October 25, 2023
Thursday, October 26, 2023
Friday, October 27, 2023
Saturday, October 28, 2023
Sunday, October 29, 2023 ASSIGNMENT

Books and references

1. Singhania, Vinod, K and Singhania, Kapil, (2022), Direct Taxes Law and Practice, (67th edition), Taxmann Publications Pvt. Ltd. New Delhi.
2. Gaur, V. P. et al (2022), Income Tax Law and Practice, (50th edition), Kalyani Publishers, Ludhiana.
3. Manoharan, T. N. (2022), Direct Tax Laws and International Taxation, Snow white publications Pvt. Ltd. Mumbai.
4. Mehrotra, S.P. Goyal S.P (2022), Problems and Solutions in Income Tax, Sahitya Bhavan Publications, Agra.
5. Gaur, V. P. et al (2022), Practical Income Tax, (37th edition), Kalyani publications, Ludhiana.

Instructor bio

Dr. Alice Mani

CHRIST( DEEMED TO BE UNIVERSITY), Bangalore
• Completed my M.Phil. in 1990 and Ph.D. in 1994 from Cochin University, Kerala.
• Joined CHRIST (DEEMED TO BE UNIVERSITY) in August 1994 and serving here till date. 
• Government aided faculty. CHRIST (DEEMED TO BE UNIVERSITY) has provided a grant of Rs 7.64 lakhs to do a major research project on Green Banking and completed in 2013.
• Authored one hundred text books in Commerce both at degree and PUC level for Bangalore University syllabus.
• Twenty-two text books are approved text books for B. Com and BBA syllabus of CBCS course of Bangalore University. 
• Six PhD scholars completed PhD under my guidance. 
• 20 M.Phil. students completed their M.Phil. degree under my guidance.
• 52  newspaper articles in Deccan Herald on education and Commerce related topics.
• Resource person for many national and international seminars. 

Course certificate

30 Marks will be allocated for Internal Assessment and 70 Marks will be allocated for end term proctored examination
Securing 40% in both separately is mandatory to pass the course and get Credit Certificate.


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