Income Tax Law & Practice

By Dr. Suresh Patidar | International Institute of Professional Studies, DAVV, Indore

Learners enrolled: 2419

In today’s world every government need the fund for welfare of the people. This fund can be generated by imposing taxes; taxes are of two types, direct and indirect. Direct taxes affecting directly to people and also contributing significantly to revenue of the government. Income Tax Law and Practice course is based on the provisions of Income Tax Act, 1961 of India. Course aims at introducing the learner to various provisions of Income Tax Act, 1961 which are relevant for computing the taxable income and tax liability of an individual. This course helps in determining types of income, its assessment and levy of income tax for an individual assessee.

Course Outcomes – After completion of this course the learner will be able to-

* CO1 - interprets; differentiate between various sources of incomes for an individual.

* CO2 - able to compute the total income of an individual and calculate the tax liability.

* CO3 - will be able to file ITR for an individual.

Indicative Industry Sectors :

Education and Training Legal

Note: This is an indicative list based on suggestions provided by course coordinators and should not be treated as final and binding.

Indicative Program Alignments :

B.Com.

Summary

Course Status :	Ongoing
Course Type :	Core
Language for course content :	English
Duration :	12 weeks
Category :	Commerce
Credit Points :	5
Level :	Undergraduate
Start Date :	10 Jul 2025
End Date :	31 Oct 2025
Enrollment Ends :	31 Aug 2025
Exam Date :	11 Dec 2025 IST
NCrF Level	5.0
Industry Details :	Teaching, Commerce and Management Industry
Exam Shift :	II

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

S. No.	Title
1.	Income Tax-Basic Concepts
2.	PAN and Residential Status
3.	Exempted Incomes- Part 1
4.	Exempted Incomes- Part 2
5.	Income from Salary- Basic Concepts
6.	Income from Salary- Allowances
7.	Income from Salary- Annuity and Pension
8.	Income from Salary- Provident Fund
9.	Income from Salary- Profit in lieu of salary
10.	Income from Salary -Practical Problems (Part-1)
11.	Income from Salary- Practical Problems (Part-2)
12.	Income from Salary- Practical Problems (Part-3)
13.	Income from Salary- Practical Problems (Part-4)
14.	Income from House Property- Basic Concepts
15.	Income from House Property- Practical Problems (Part-1)
16.	Income from House Property- Practical Problems (Part-2)
17.	PGBP Important rules regarding assessment of income from Business or Profession (Part-1)
18.	PGBP Expenses Expressly Allowed – Section 30 to 37 (Part-2)
19.	PGBP Expenses Expressly Allowed – Section 30 to 37 (Part-3)
20.	PGBP Expenses Expressly Allowed – Section 30 to 37 (Part-4)
21.	PGBP Expenses Expressly Allowed – Section 30 to 37 (Part-5)
22.	PGBP Expenses Expressly Disallowed (Part-6)
23.	PGBP Books of Accounts (Part-7)
24.	PGBP Audit and Presumptive Taxation (Part-8)
25.	PGBP Practical Problems (Part-9)
26.	PGBP Practical Problems (Part-10)
27.	Income from Capital Gains - Basic Concepts
28.	Income from Capital Gains - Computation
29.	Income from Capital Gains - Exempted Capital Gains - 01
30.	Income from Capital Gains - Exempted Capital Gains – 02
31.	Income from Capital Gains - Practical Problems
32.	Income from Capital Gains- Tax Rates
33.	Income from Other Sources- Specific Incomes Chargeable under this Head (Part-1)
34.	Income from Other Sources- Specific Incomes Chargeable under this Head and Deductions (Part-2)
35.	Set-off and Carry Forward of Losses - Basic Provisions
36.	Deductions from Gross Total Income - Under Section 80C to 80U (Part-1)
37.	Deductions from Gross Total Income - Under Section 80C to 80U (Part-2)
38.	Deductions from Gross Total Income - Under Section 80C to 80U (Part-3)
39.	Deductions from Gross Total Income - Under Section 80C to 80U (Part-4)
40.	Computation of Total Income of Individuals- Practical Problems (Part-1)
41.	Computation of Total Income of Individuals- Practical Problems (Part-2)
42.	Computation of Tax Liability of Individuals-Practical Problems (Part-3)
43.	Computation of Tax Liability of Individuals-Practical Problems (Part-4)
44.	Introduction to Tax Deductions and Collection at Source
45.	Tax Deductions and Collection at Source (Part-1)
46.	Tax Deductions and Collection at Source (Part-2)
47.	Tax Deductions and Collection at Source (Part-3)
48.	Tax Deductions and Collection at Source (Part-4)
49.	Procedures of Return Filing
50.	Rates of Tax – General and Alternative Tax Regime
51.	Computation of Tax (Part-1)
52.	Computation of Tax (Part-2)
53.	Computation of Tax (Part-3)
54.	Budget - Amendment in 115BAC Finance Act 2023 (Part-1)
55.	Budget - Amendment in Presumptive Schemes Finance Act 2023 (Part-2)

Books and references

http://ugcmoocs.inflibnet.ac.in/ugcmoocs/files_d/Sociology/commerece/com-37-Paper GE 3INCOME TAX LAW AND PRACTICE.pdf

Instructor bio

Dr. Suresh Patidar

International Institute of Professional Studies, DAVV, Indore

Dr. Suresh Patidar, Professor and Head of the School of Commerce, Devi Ahilya University, Indore, is holding Ph.D. degree on Consumer Protection Act, 1986, from Devi Ahilya University, Indore, Post Graduate in Commerce and Management and also a Law Graduate from Devi Ahilya University Indore, having cleared the Intermediate Examination of Company Secretary and UGC NET. Published more than 40 research papers in national and international journals and guided 6 Ph.Ds. He is having research interest in Tax, Rural and Agricultural Development, Business Law.

Course certificate

The course is free to learn. Interested Learners can enrol and learn the course for free.
If You wish to get certified on this course you must register and write the proctored exam after payment of exam fee.

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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