B.Com Syllabus Fifth Semester BU
B.Com Regular CBCS Syllabus 2021 5.1 INCOME TAX- I UNIT-1: Introduction to Income Tax . 10 hours Brief history of Indian Income Tax, legal framework, types of taxes, cannons of taxation, definitions, assessment, assessment year, previous year including exception, assesses, person, income, casual income, gross total income, total income, agricultural income, scheme of taxation, meaning and classification of capital and revenue. UNIT-2: Residential status 10 hours Residential status of an individual’s, Determination of residential status, incidence of tax problems on computation of Gross total Income UNIT-3: Exempted incomes 4 hours Introduction, exempted incomes U/S 10. Only in the hands of individuals UNIT-4: Income from salary 20 hours Meaning, definitions, basis of charge, advance salary, arrears of salary, all allowances, perquisites, profits in lieu of salary, provident fund, gratuity, commutation of pension, encashment of earned leave, ...