5th Semester LLB Unitary - Law Of Direct Taxation - Notes, Question Papers and Syllabus
Law Of Direct Taxation
Subject shall be taught by incorporating various amendments, case laws and the recent developments.
Unit I
Definition And Basic Concepts, Origin And Development Of Taxation - Canons Of Taxation - Adam Smith - Direct Taxes And Indirect Taxes, Various Forms Of Revenue Generation - Tax, Cess, Fee, Toll, Excise Duty, Customs, Methods Of Taxation - Proportional, Progressive, Regressive, Degressive.
Unit II
Constitutional Provisions Of Taxation - Articles 265, Financial Relations Between Centre And States, Money Bill, Finance Act, Contingency Fund, Consolidated Fund, Grants-In-Aid, Finance Commission, GST Council, Restriction On Taxing Power Of States, Legislative Entries For Taxation.
Unit III
Taxes On Income - Residential Status, Scope Of Total Income - Exempted Income - Basis Of Charge - Heads Of Income: Salary, Income From House Property, Profits And Gains Of Business Or Profession, Capital Gain, Income From Other Sources.
Unit IV
Clubbing Of Income - Set Off And Carry Forward Of Losses, General Deductions, Rebates - Filing Of Returns And Assessment - Different Types Of Assessment - Liability In Special Cases.
Unit V
Authorities Of Income Tax - Jurisdiction And Powers - Search And Seizure, Provisions For Appeals, Revision, Settlement Of Cases - Advance Ruling - Collection Of Taxes, Recovery, Refund - Tax Avoidance And Tax Planning - Penalties - Offences And Prosecution.
Suggested Readings:
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Dr. Kailash Rai - Taxation Laws
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Kanga Palkhivala - The Law And Practice Of Income Tax (Introduction Only)
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Sugathan - Law Of Sales Tax In Kerala (Introduction Only)
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Sampath Iyengar - Income Tax Law (Introduction Only)
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D.D. Basu - Shorter Constitution Of India
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V.N. Shukla - Constitution Of India
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Sreenivasan - Principles Of Taxation
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Gopalakrishnan - Law Of Taxation
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