Income Tax Law and Accounts (B.Com)

Income Tax Act basics, residential status and computation of income under various heads and total tax liability.

6 महीनेअवधि 5Chapters23टॉपिक

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सिलेबस · पाठ्यक्रम

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01Unit 1: Basic Concepts 5 टॉपिक

Important definitions: income, person, assessee
Previous year / tax year and assessment year
Agricultural income
Exempted incomes
Gross total income and total income

02Unit 2: Residential Status and Incidence of Tax 4 टॉपिक

Residential status of an individual
Resident and ordinarily resident, not ordinarily resident, non-resident
Residential status of HUF, firm and company
Scope of total income

03Unit 3: Salaries and House Property 5 टॉपिक

Basic salary, allowances and HRA
Perquisites and retirement benefits
Standard deduction
Annual value of house property
Deductions: 30% standard deduction and interest on loan

04Unit 4: Business Income, Capital Gains and Other Sources 4 टॉपिक

Profits and gains of business or profession: basic computation
Depreciation
Short-term and long-term capital gains
Income from other sources

05Unit 5: Total Income and Tax Liability 5 टॉपिक

Clubbing and set-off of losses
Deductions: 80C, 80D and others
Old and new tax regimes
Rebate, surcharge and health and education cess
TDS, advance tax and filing of returns

परिचय

आप यह कर पाएँगे

Explain basic concepts such as person, assessee, agricultural income and gross total income
Determine the residential status of an individual and the scope of total income
Compute income from salaries and income from house property
Explain business income, capital gains and income from other sources
Compute total income and tax liability under the old and new regimes and know TDS, advance tax and return filing

यह किसके लिए है

B.Com students (General and Accounting & Taxation streams) of Semester 4 under the UP State Universities NEP 2020 syllabus
Students who want to work in tax consultancy or file their family's income tax returns

आपको क्या चाहिए

Financial Accounting basics; comfort with percentages

सवाल

Which Act and year are taught?

Tax law changes every year. The Income-tax Act 2025 replaces the 1961 Act from 1 April 2026; we teach the Act, rates and assessment year prescribed by your university for your exam.

Will I learn to file returns?

We explain the ITR forms and the e-filing process; computation of income is practised in detail as it carries most marks.

Which syllabus does the course follow?

It follows the UP State Universities NEP 2020 common minimum syllabus for B.Com. Where your own university's syllabus differs, the centre teaches as per your university syllabus and papers.