SECTION A: INCOME TAX ACT BASICS [10 MARKS] 1. Introduction to Income Tax Act, 1961
Constitutional Validity
Basic Concepts and definitions
Capital and Revenue Receipts
Basis of charge and scope of total income
Residential Status and Incidence of Tax (excluding section 9A)
2. Incomes which do not form part of Total Income [Sec.10, 11 to 13A]
SECTION B: HEADS OF INCOME AND COMPUTATION OF TOTAL INCOME AND TAX LIABILITY [70 MARKS] 3. Heads of Income and Computation of Total Income under various heads
Salaries
Income from House property
Profits and gains of Business or Profession (excluding 42 to 44DB but including sections 43A, 43B, 44AA, 44AB, 44AD, 44ADA and 44AE)
Capital Gains
Income from Other Sources
4. Clubbing Provisions, Set off and Carry forward of Losses, Deductions
Income of other persons included in Assessee’s Total Income
Aggregation of Income and Set off and Carry Forward of Losses
Deductions in computing Total Income
Rebates & Reliefs
Applicable Rates of Tax and Tax Liability
5. Assessment of Income and tax liability of different persons
Taxation of Individuals (including AMT but excluding Non-resident)
Hindu Undivided Family (HUF)
Firms, LLP and Association of Persons
Co-operatives Societies
SECTION - C - TAX MANAGEMENT, ADMINISTRATIVE PROCEDURE AND ICDS [20 MARKS] 6. TDS, TCS and Advance Tax
Tax Deduction at Source (excluding sections relevant to non-residents)
Tax Collected at Source
Advance Tax
7. Administrative procedures
Return & PAN
Intimation
Brief concepts of Assessment u/s 140A, 143 and 144
8. Income Computation and Disclosure Standards – (ICDS)
