Revised Syllabus of Taxation Paper – III (Direct Tax Paper – I)
3.5.4 Taxation Paper – III
Direct Tax Paper – I
Modules at a Glance
| Sr. No. | Modules | No. of Lectures |
| 1 | Definitions u/s – 2
Basis of Charge |
08 |
| 2 | Exclusions from Total Income | 07 |
| 3 | Heads of Income | 25 |
| 4 | Deductions under Chapter VI – A | 10 |
| 5 | Computation of Total Income | 10 |
| Total | 60 | |
| Sr. No | Modules/ Units |
| 1 | Definitions u/s – 2 & Basis of Charge |
| Definitions u/s – 2
Section 2 –Assessee, Assessment Year, Assessment, Annual value, Business, Capital asset, Income, Person, Previous Year, Transfer Basis of Charge Section 3 – 9 – Previous Year, Residential Status, Scope Of Total Income, Deemed Income |
|
| 2 | Exclusions from Total Income |
| Section 10 – restricted to, Agricultural Income, Sums Received From HUF By Member, Share of Profit from Firm, Casual & Non – Recurring Receipts, Scholarships, Income of Minor Child, Allowance to Members of Parliament and Legislative Assembly.
Note -Exemptions related to specific Heads of Income to be covered with Relevant Provisions. |
|
| 3 | Heads of Income |
| Salary
Section 15 – 17, Including Section 10 relating to House Rent Allowance, Travel Concession, Special Allowance, Pension – Commutation, Leave Encashment, Compensation, Voluntary Retirement, Payment from Provident Fund Income From House Property Section 22 – 27, Including Section 2 – Annual Value Profits & Gains From Business & Profession Vocation Section 28-32, 36, 37, 40, 40A & 43B. including.: Section 2 – Business Capital Gains Section 45, 48, 49, 50, 54 and 55 Income from Other Sources Section 56 – 59 |
|
| 4 | Deductions under Chapter VI – A |
| 80 A- Restriction on claim in Chapter VI- A deductions
80 C – Payment of LIC/PF and other eligible investments 80CCC – Contribution to certain Pension Fund 80D – Medical Insurance Premium 80 DD- Maintenance and medical treatment of handicapped dependent 80E – Interest on Educational Loan 80 TTA- Interest on Saving Bank account 80U – Deduction in the case of totally blind or physically handicapped or mentally retarded resident person |
|
| 5 | Computation of Total Income |
| Computation of Total Income Of Individual & HUF |
Note:
- Relevant Law / Statute in force on 1st April immediately preceding commencement of Academic Year is applicable for ensuing examinations after relevant year.
- The syllabus is restricted to study of particular section/s, specifically mentioned in rules and notifications only.
