Direct Taxation-I BU B.Com SEP 5th Sem 2024-25 Notes
by | Unit 1 [Book] | |
| Taxation, Basic Reasons to Impose Taxation | VIEW |
| Constitutional Validity of Taxes | VIEW |
| Administration of Tax Laws | VIEW |
| Component of Income Tax Law in India | VIEW |
| Basic Principles for Charging Income Tax [Sec. 4] | VIEW |
| Tax Year [Sec 3] | VIEW |
| Assessee [Sec 2(7)] | VIEW |
| Capital Asset 2(22) | VIEW |
| Person [Sec 2 (77)] | VIEW |
| Income [Section 2(24)] | VIEW |
| Heads of Income [Sec 14] | VIEW |
| Gross Total Income (GTI) [Sec. 122], Total Income (TI) [Sec. 2(108) read with section 122] | VIEW |
| Distinguish between Gross Total Income and Taxable Income | VIEW |
| Rounding-off of total income [Sec. 516] | VIEW |
| Capital Receipts -vs.- Revenue Receipts | VIEW |
| Rate of Tax Under Old Tax Regime / Regular Tax Regime | VIEW |
| Rate Of Tax Under Default Tax Regime (New Regime) U/S 202 | VIEW |
| Double Taxation Avoidance Agreement (DTAA) | VIEW |
| Unit 2 [Book] | |
| Determination of Residential Status | VIEW |
| Residential Status, Individual [Sec. 6(2)] to [Sec. 6(8)] | VIEW |
| Hindu Undivided Family (HUF) [Sec. 6(9)] | VIEW |
| Company [Sec. 6(10)] | VIEW |
| Firm or an Association of Persons (AOP) or Body of Individuals (BOI) or Any other Person [Sec. 6(11) | VIEW |
| Resident and Ordinary Resident [Sec. 6(13)] | VIEW |
| illustrations only on Individual Incidence of Tax [Sec. 5] | VIEW |
| Unit 3 [Book] | |
| Basic Elements of Salary | VIEW |
| Employer-Employee Relationship | VIEW |
| Basis of Charge [Sec. 15] | VIEW |
| Definition of Salary [Sec. 16] | VIEW |
| Deduction from Salary [Sec. 19] | VIEW |
| Perquisite [Sec. 17] | VIEW |
| Income Not be included in the Total Income [Schedule III and Sec 11] | VIEW |
| Computation of Taxable Salary | VIEW |
| Illustrations including deduction of Retirement Benefits | VIEW |
| Employee Stock Option Plans (ESOPs) | VIEW |
| Unit 4 [Book] | |
| Chargeability [Sec. 20] | VIEW |
| Determination of Annual Value [Sec. 21], Property -Self-occupied property Deemed to be let out Property, Property not actually occupied by the Owner, Partly let out and partly Self-occupied Property, Computation of Income | VIEW |
| Recovery of Arrears of Rent and Unrealized Rent | VIEW |
| Deduction’s u/s 22 – a) Standard Deduction b) Interest on Borrowed | VIEW |
| Capital Treatment of Pre and Post Construction | VIEW |
| Interest Computation of Income from House Property, Property owned by Co-owners | VIEW |
| Unit 5 [Book] | |
| Income Exempted [Schedule II Read with Sec 11] | VIEW |
| Agriculture Income, Instances of Agricultural (Agro) Income, Instances of Non-agricultural (Non-Agro) Income | VIEW |
| Treatment of Partly Agricultural and Partly Non-Agricultural Income | VIEW |
| Illustrations on Impact of Agricultural income on Tax Computation | VIEW |
| Deductions: Differences between Deduction and Exemptions | VIEW |
| General Provisions Schedule III, Rebate u/s 156 | VIEW |
| Computation Tax Gross Total Income and Tax Liability | VIEW |