Income Tax

By Dr. Alice Mani | CHRIST( DEEMED TO BE UNIVERSITY), Bangalore

Learners enrolled: 2401

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 :	Ongoing
Course Type :	Core
Language for course content :	English
Duration :	12 weeks
Category :	Commerce
Credit Points :	5
Level :	Undergraduate
Start Date :	08 Jul 2024
End Date :	31 Oct 2024
Enrollment Ends :	31 Aug 2024
Exam Date :	14 Dec 2024 IST
Exam Shift :	Shift 1

Note: This exam date is subject to change based on seat availability. You can check final exam date on your hall ticket.

Page Visits

Course layout

Week 1:	Module 1 - Introduction to Income Tax
	Module 2 - Introduction of Basic Terms
	Module 3 - Residential Status of an Individual
	Module 4 - Incidence of Tax

Week 2:	Module 5 - Exempted Incomes and Capital and Revenue Concepts
	Module 6 - Income Tax Authorities
	Module 7 - Introduction to Computation of Income from Salaries
	Module 8 - Allowances

Week 3:	Module 9 - Computation of Allowances
	Module 10 - Perquisites
	Module 11 - Taxable Perquisites and Perquisites Taxable for Specified Employees
	Module 12 - Rent Free Accommodation or (RFA) and Concessional Rental Accommodation or (CRA)

Week 4:	Module 13 - Provident Funds
	Module 14 - Computation of Pension
	Module 15 - Computation of Gratuity
	Module 16 - Leave Encashment and Standard Deductions

Week 5:	Module 17 - Computation of Salary Income
	Module 18 - Introduction to Income from House Property
	Module 19 - Computation of Income from House Property
	Module 20 - Computation of Income from Let Out House Property

Week 6:	Module 21 - Computation of Income from Self Occupied House Property
	Module 22 - Tax Planning with Respect to House Property Income
	Module 23 - Theoretical Concepts of Computing Income from Business
	Module 24 - Computation of Business Income

Week 7:	Module 25 - Theoretical Concepts for Computing Professional Income
	Module 26 - Computation of Professional Income
	Module 27 - Theoretical Concepts of Capital Gain
	Module 28 - Computation of Capital Gain

Week 8:	Module 29 - Section 54 and Section 54B Exemptions for Capital Gains
	Module 30 - Section 54D and Section 54EC Exemptions for Capital Gains
	Module 31 - Section 54F Exemptions for Capital Gains
	Module 32 - Problems on Computation of Income from Capital Gains

Week 9:	Module 33 - Theoretical Concepts of Income from Other Sources
	Module 34 - Types of Securities, Taxability and Rules for Grossing
	Module 35 - Computation of Income from Other Sources - Part 1
	Module 36 - Computation of Income from Other Sources - Part 2

Week 10:	Module 37 - Aggregation of Income or Clubbing of Income
	Module 38 - Set off and Carry Forward of Losses
	Module 39 - Computation of Gross Total Income
	Module 40 - Deductions from Gross Total Income - Section 80C

Week 11:	Module 41 - Deductions from Gross Total Income - Section 80G
	Module 42 - Computation of 80G
	Module 43 - Deductions from Gross Total Income - Section: 80CCC, 80CCD, 80D and 80DD
	Module 44 - Deductions from Gross Total Income - Section: 80GG, 80GGB, 80DDB, 80QQB, 80RRB, 80TTA, 80TTB and 80U

Week 12:	Module 45 - Rates of Income Tax for Assessment Year 2022-23
	Module 46 - Computation of Total Income
	Module 47 - Problems on Computation of Tax Liability
	Module 48 - Problems on Deductions from Gross Total Income

Week 13:	Module 49 - Types of Income Tax Assessment and Powers of Income Tax Authorities
	Module 50 - Powers of Income Tax Authorities

Books and references

1. Singhania, Vinod, K and Singhania, Kapil, (2022), Direct Taxes Law and Practice, (67^th edition), Taxmann Publications Pvt. Ltd. New Delhi.
2. Gaur, V. P. et al (2022), Income Tax Law and Practice, (50^th 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, (37^th 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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