This document outlines the course for Income Tax Law. It covers 14 topics that will be taught over 4 parts, including introductions and definitions, income exemptions, taxation of salary, interest, property, business/profession, depreciation, capital gains, other sources of income, assessment procedures, set-off and carry forward of losses, income tax authorities, appeals and revisions, and assessment of individuals.

1. COURSE OUTLINE:
Income Tax law.
Part 1.
1. Introduction.
i. Nature and importance of tax.
ii. Objective of tax
iii. Definitions
a) Agricultural income
b) Asswssee
c) Assessment year
d) Business
e) Capital asset
f) Company
g) Dividend
h) Income year
i) Income
j) Person
k) Principal officer
l) Registerd firm
m) Return of total income
n) Resident/Non resident
o) Total incomeTotal world income
2. Income exempt from tax
i. Income exempt from tax and not to be included in total income
ii. Income exempt from tax but included in total income.
3.Salary
a) Definition
b) Featurs of salary income
c) Scope of salary income taxation of perquisites
d) Provident fund: types and treatment
e) Computation of salary income
f) Calculation of gross tax payable
g) Calculation of tax payable
h) Relief and allowances
3. Donations and charitable purposes
4. Legal expenditures
5. Investment allowances
6. Benovelant fund contributions

2. 7. Group insurance contribution
8. Cases of marginal relief
4. Interest on securities.
a) Definition
b) Conditions for taxability of interest
c) Scope of interest on securities
d) Allowable deductions
e) Tax free securities
f) Bond washing fascinations
g) Grossing up of income from interest on securities
5. Income from property.
i. Definition
ii. Scope of income from house property
iii. Annual letting value
iv. Allowable deductions
v. Liability in case of co owners
vi. Property exemt from tax
vii. Taxation of unadjustable advance or pugree received in advance
viii. Taxation of pugree received by tenant
Part- II
6. income from business profession
i. Taxability of business and professionscope of business and profession
ii. Allowable deductions
iii. Inadmissible expenses
iv. Deduction of head office expenditures in the case of non residents.
6. depreciation
i. Conditions for allowability of deprecartion
ii. Kinds of deoreciation allowance
7. capital Gains
i. Definition
ii. Computationdetermination of cost of acquisition
iii. Exemtion of capital gains
8.Income from other sourses
i. Income charged under this head
ii. Allowable deductions.
Part-III

3. 9. Assesmrnt procedure.
i. Cycle of assessment
ii. Legal provisions regarding filing of return of income
iii. Assessment and its types
iv. Limitations on assessment
v. Payment of tax
vi. Recovery of tax
vii. Refund of tax
10. Set-0ff and carry forward of losses.
i. Loss from sourses of income
ii. Sett off losses
iii. Carry forward of losses
11. Income tax authorities
i. Central board of revenue(CBR)
ii. Director general of inspection
iii. Regional commissioner of income tax.
iv. Director general of investigation and intelligence
v. Commissioners head quarters(commissioners survey)
vi. Commissioner of income tax
vii. Inspecting additional commissioner.
viii. Inspector of income tax
ix. Income tax officer
x. Tax recovery officer.
12. Appeals and revision.
i. Appeal before income tax authorities
ii. Appaeal to the appellate additional commissioner.
iii. Appeal to high court and supreme court.
Part – Iv
13. Assessment of individuals
Computation of the following for the individuals:
i. Total income earned from any sourse of income
ii. Taxable income( on the basis of the above)