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MBA _compulsory III &IV_ - 9 -

Dr. Babasaheb Ambedkar Marathwada University Aurangabad

   Revised Course Structure for Master in Business Administration

June 2009

MBA Semester III                                     Specialization: - Finance

Elective OP 307 A:   Direct Taxation

Course Contents

Definitions, Basic concept, person, Assessment year; previous year, assesses, Residential status; Incidence of tax, income exempt from tax.

Computation of Income under Various Heads –

Income under head salary: Meaning of salary, Basis of charge of salary income, different forms of salary, different forms of allowances, perquisites, permissible deductions from salary income, tax treatment of provident fund & approved superannuation fund, special tax treatment of salary income of non resident technicians, deduction under section-80C, FBT.

Income from house property: Basis of charge, property income not charge to tax, basis of computing income from let out house property, computing income from self occupied property.  

Income –tax Payment and Assessment

Tax deduction at source; advance tax; self-assessment tax; assessment procedure regular and best judgment assess revision, rectification and appeal, provision relating to interest and refund of tax.

Books Recommended:-

1. Direct Taxes – Law and Practice – Vinod Singhnia

2. Direct Taxes – Ravi Kishore

3. Direct Taxes – J. P. Jakhotiya

4. Direct Taxes- Ahuja

5. Bare Acts and rules of the relevant taxes

Note :- At least 10 Case Studies should be taught in class on relevant         

          subject syllabus        

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