loader image
Skip to main content

24BCM5B09 INCOME TAX LAW AND ACCOUNTS MODULE 1,2

FREE
Updated 18 Jul 2024
Lessons 5
Enrolled 113
Language English ‎(en)‎
Skill Level Beginner

Course Overview

V Semester B. COM- Income Tax Law and Accounts -BCM B09

Aim of the Course 

➤ To impart basic knowledge and equip students with application of principles and provisions Income tax Act, 1961 amended up to date. 

Objectives of the Course

To provide knowledge about income tax laws in force for the relevant previous year
• To give an insight into procedural aspects for assessment of tax liability for various assesses as        per IT Act, 1961 and IT Rules, 1962 
• To provide working knowledge on the computation of different heads of income

Semester Period                     -       05/06/2024-31/10/2024

Total No.of hours                    -       85

No.of Credit                             -       4

Course Evaluation                  -       Internal-20 , External -80

Modules engaged by faculty  -      1,2

Syllabus

 Module I

Basic Concepts: Income- Agricultural Income- Person- Assessee - Assessment year- Previous Year- Gross total Income- Total Income- Maximum marginal rate of tax- Residential Status - Scope of total income on the basis of residential status- Exempted incomes

Module II

Computation of Income under Different Heads: Salaries- Allowances- Perquisites - Profit in lieu of salary- Gratuity - Pension 

Module III

Income from house property : Annual value of house property - Computation under different circumstances - Deduction from annual value

Module IV

Profits and Gains of Business or Profession: Definition - Computation - Allowable Expenses & non allowable expenses- General deductions -  Provisions relating to depreciation 

Module V

Capital Gains: Definition of Capital Assets - Longterm and short term- Transfers- Cost of Acquisition - Cost of improvement - Exempted capital gains- Income from other sources : Definition - Computation

Course Content

Loading...

Enrolment options

V Semester B. COM- Income Tax Law and Accounts -BCM B09

Aim of the Course 

➤ To impart basic knowledge and equip students with application of principles and provisions Income tax Act, 1961 amended up to date. 

Objectives of the Course

To provide knowledge about income tax laws in force for the relevant previous year
• To give an insight into procedural aspects for assessment of tax liability for various assesses as        per IT Act, 1961 and IT Rules, 1962 
• To provide working knowledge on the computation of different heads of income

Semester Period                     -       05/06/2024-31/10/2024

Total No.of hours                    -       85

No.of Credit                             -       4

Course Evaluation                  -       Internal-20 , External -80

Modules engaged by faculty  -      1,2

Syllabus

 Module I

Basic Concepts: Income- Agricultural Income- Person- Assessee - Assessment year- Previous Year- Gross total Income- Total Income- Maximum marginal rate of tax- Residential Status - Scope of total income on the basis of residential status- Exempted incomes

Module II

Computation of Income under Different Heads: Salaries- Allowances- Perquisites - Profit in lieu of salary- Gratuity - Pension 

Module III

Income from house property : Annual value of house property - Computation under different circumstances - Deduction from annual value

Module IV

Profits and Gains of Business or Profession: Definition - Computation - Allowable Expenses & non allowable expenses- General deductions -  Provisions relating to depreciation 

Module V

Capital Gains: Definition of Capital Assets - Longterm and short term- Transfers- Cost of Acquisition - Cost of improvement - Exempted capital gains- Income from other sources : Definition - Computation

Skill Level: Beginner
Guests cannot access this course. Please log in.

Related Courses

https://lms.mcasclt.ac.in/pluginfile.php/3206/course/summary/52559565172616285-audio.mp4}}  OBJECTIVES OF THE COURSE Understand the concept of single entry system. Learn to prepare accounts using single entry system. Learn to prepare branch accounts. Learn to prepare final accounts of non profit organization. Understand the concepts of accounting standards.

5 Lessons
Updated: Dec 2024
5 Lessons
Updated: Nov 2024

Type of Course: Major This course covers a broad range of topics related to planning, organizing, leading and controlling within organizations. The course aims to equip students with the knowledge and skills necessary for effective management in a variety of organizational settings. Course Outcome (CO): CO1: Gain a comprehensive understanding of the fundamental principles and theories of management-/Quizzes/Assignment/Seminar/Practicum CO2: Apply management concepts to real-world business situations and cases-Examinations/ Review-Examination/Assignment/Seminar/Practicum CO3; Demonstrate proficiency in using relevant management tools and techniques for decision- making and problem-solving-Project case study CO4: Recognize and address ethical challenges in management and also understand the social responsibilities of organizations and managers-Examinations Seminar/Debate Project Case study

5 Lessons
Updated: Oct 2024

Latest Courses

Management Studies

Business Economics is the study of economic theories and their application in business decision-making.The course also explores macroeconomic factors such as inflation, unemployment, and government policies, enabling businesses to adapt to economic changes. By analyzing data and market trends, business economics equips professionals with the tools to make informed decisions, optimize resources, and create strategies that foster growth and competitive advantage in dynamic markets.

5 Lessons
Updated: Dec 2024
5 Lessons
Updated: Dec 2024
11 Enrolled

To impart to the students an understanding of the corporate financialresources and how to use them to make wise decisions about investments,capital structure, and financing in order to maximise corporate growth.

5 Lessons
Updated: Dec 2024
69 Enrolled

VOICES OF WOMENIntroduction to the paperThis paper consists of four modules which are meant topromote women’s writing. The paper also shows how sharp isthe tool of literature for voicing the concerns of the voiceless.This paper begins with essays starting with ChimamandaNgozi Adichie and moves to the very next module that ispoetry starting with Eunice D’ Souza and ending with JudithWright. The next module is fiction and the very last module isdrama and film. The paper is meant to introduce to the readerssome important female writers.

5 Lessons
Updated: Dec 2024

Course Objectives To help students to learn the fundamentals of business correspondence. To get practical knowledge in business correspondence. To equip students with better employability skills. Learning Outcomes Students get a comprehensive idea about business correspondence. They develop ability to prepare business letters, business reports, technical proposal etc. They develop their employability skills.

5 Lessons
Updated: Dec 2024

Time: 5 Hours per week Credits: 4                                                                                                          Internal 20: External 80Objectives:To gain an detailed understanding of organizational and managerial performance, and,To gain practical knowledge in setting up team management, target setting andachievement. Learning outcome :On completing the course the students will be able to gain an understanding ofthe concepts, techniques of performance management

5 Lessons
Updated: Nov 2024

Course objective: To provide basic knowledge about the advertisement and sales promotion activities Learning Outcomes:  On completion of the course students will be able to1.Understand the process of advertisement;  2.Aapply the concepts for developing an effectiveadvertisement copy 3 .Examine the various sales promotion strategies towards traders andconsumers. Module 1 :  Advertisement Process and agency : Meaning, nature and evolution of advertising;Advertising purposes and functions; classification of advertising; Advertising process -Major playerin Advertising process. Advertising Agency: Concept, evolution and types of Advertising agencies;Functions & structure of modern advertising agency. Advertising Agencies in India.Module II :  Advertisement Budget: Approach and procedures for determining the size of thebudget, Administration and control of budget. Regulation of Advertising: Self Regulation by advertising Media (ASCI), Economic, social & ethical aspects of advertising-advertising.Module III : Advertisement Copy & Media : Advertisement Copy: Meaning and types - Copylayout. Role of media in advertising –Types of media –Broadcasting & Print media advertising –Internet advertising-Mobile advertising –Impact of social media in advertising.  Module IV :  Sales Promotion: Meaning, nature and objectives of sales promotion; Majorlimitations of sales promotion; Consumer sales promotion: Objectives and tools .Benefits of salespromotion to customers. Trade Promotion: Meaning, objectives and importance; Major tradepromotion schemes. Module V :  Sales Promotion Planning and Control: Planning process of advertisementEstablishing objectives of sales promotion and selecting consumers for sales promotion; Developing,pre-testing, implementing, controlling and evaluating the -sales promotion programme. 

5 Lessons
Updated: Nov 2024
59 Enrolled

To provide basic knowledge about the advertisement and sales promotion activities

5 Lessons
Updated: Nov 2024
59 Enrolled

SUPPLY CHAIN AND LOGISTICS MANAGEMENTObjectives:• To impart knowledge and understanding to students onSupply Chain Management and its relevance to today’sbusiness decisionmaking.• To gain the knowledge of possibilities of efficientoptimization and management of operation in LogisticsManagement and also the ability to apply them in theenterprisereality. Learning Outcome:• The students will be able to xamine the details ofplanning and control processes in logisticsmanagement. The student at the end of the course willbe able to understand the various logistics operationsand their importance in improving thebusiness:• The students will be able to xamine the details ofplanning and control processes in logisticsmanagement. The student at the end of the course willbe able to understand the various logistics operationsand their importance in improving thebusiness

5 Lessons
Updated: Nov 2024
59 Enrolled
5 Lessons
Updated: Nov 2024
4 Enrolled
5 Lessons
Updated: Nov 2024
8 Enrolled