ORIENTATION PROGRAM ON
CURRICULUM DESIGNING,
DELIVERY
6 sem B.Com
INCOME TAX -2
Blue Print of the Question Paper
• Internal Assessment - 40 marks
• Theory Paper (Written) - 60 marks
Total - 100 marks
Blue Print
Section A Section B Section C Section D
5/7questions 3/5 questions 3/5 question 1 out of 2
( 2 marks) ( 4 marks) ( 10 marks) ( 8 marks)
Module 1
Module 2
Module 3
Module 4
Module 5
SYLLABUS
Module -1 Profits and Gains of Business and Profession
Module -2 Capital Gains
Module - 3 Income from Other Sources
Module - 4 Set – Off and Carry forward of losses, Deductions, TDS
& Advance Tax
Module - 5 Assessment Procedure
Module 1 – Profits and Gains of Business
and Profession
• Introduction
• Meaning & Definition of Business
• Profession & Vocation
• Expenses & Losses
• Expenses Allowed & Disallowed
• Expenses allowed on payment basis
• Problems on Computation of Income from Business of a sole trading concern
• Problems on Computation of Income from Profession ( Medical Practitioner, Advocate, Chartered
Accountants)
Module 2 – Capital Gains
• Introduction
• Basis of Charge
• Capital Assets and its types
• Transfer
• Computation of Capital Gains
• Short-term and Long-term Capital Gain
• Exemption U/s 54, 54B, 54EC, 54D, 54F and 54G
Module 3 – Income from Other Sources
• Introduction
• Incomes Taxable under the Head Income from Other Sources
• Securities and its types
• Rules for Grossing Up
• Ex-Interest and Cum- Interest Securities
• Bond Washing Transactions
• Computation of Income from Other Sources
Module 4 – Set Off and Carry forward,
Deductions, TDS & Advance Tax
• Introduction
• Set off and carry forward of losses & its Provisions
• Deductions U/s 80C, 80CCC, 80CCD, 80CCG, 80D, 80DD, 80DDB, 80E, 80G, 80GG, 80TTA,
80U
• TDS – its meaning and Advance Tax – its meaning
• Filing of Quarterly Statement
• Installment of Advance Tax and Due Dates
Module 5 – Assessment Procedure
• Introduction
• Due Date of Filing Returns
• E- filing of Returns
• Types of Assessments
• Permanent Account Number – Its meaning, procedure of obtaining PAN
• Assessment of Individuals
• Computation of Total Income and Tax Liability of an Individual (Both New & Old Regime)
