Taxation Syllabus for Income Tax Assessment Year 2017-18 (Inter Level)Chapter 1 - Basic Concepts- Introduction to taxation
- Types of taxes
- Basic principles of income tax
- Residential status and its significance in taxation
- Scope of total income
Chapter 2 - Residential Status- Determination of residential status
- Residential status for individuals and companies
- Tax implications based on residential status
Chapter 3 - Income from House Property- Concepts of house property and its classification
- Computation of income from house property
- Deductions and exemptions related to income from house property
Chapter 4 - Salaries- Definition and components of salary
- Taxation of salary income
- Perquisites and allowances related to salary
- Deductions and exemptions applicable to salary income
Chapter 5 - Deductions from Gross Total Income- Deductions under Section 80C to 80U
- Eligibility criteria and limits for deductions
- Types of deductions available for individuals and companies
Chapter 6 - Other Sources- Income from other sources and its classification
- Taxation of income from other sources
- Deductions and exemptions applicable to income from other sources
Chapter 7 - Depreciation- Concept of depreciation and its significance
- Calculation of depreciation for various assets
- Depreciation allowances and deductions
Chapter 8 - Capital Gain- Types of capital assets
- Computation of short-term and long-term capital gains
- Exemptions and deductions related to capital gains
Chapter 9 - Profits and Gains from Business or Profession- Concepts of business and profession
- Computation of business income and profession income
- Deductions and exemptions applicable to business and profession income
Chapter 10 - Assessment of Firm- Taxation of partnership firms
- Computation of firm's income and allocation of profits
- Assessment procedures for partnership firms
Chapter 11 - Clubbing of Income- Concept of clubbing of income
- Situations where income is clubbed
- Tax implications of clubbed income
Chapter 12 - Set off and carry forward of losses- Types of losses and their treatment for tax purposes
- Set off and carry forward of losses
- Conditions and limitations for loss set off
Chapter 13 - Rates of Tax- Income tax slabs and rates for different categories of taxpayers
- Surcharge and education cess
- Calculation of tax liability
Chapter 14 - Agricultural Income- Definition and taxation of agricultural income
- Exemptions and deductions related to agricultural income
Chapter 15 - Assessment of Charitable Trust- Taxation of charitable trusts and institutions
- Conditions for availing tax benefits
- Compliance and reporting requirements for charitable trusts
Chapter 16 - TDS, Advance Tax, Interest and Filing of Return- Tax Deducted at Source (TDS) provisions
- Advance tax payment and calculation
- Interest on late payment of taxes
- Filing of income tax return and related procedures
Chapter 17 - Extra Topics- Advanced and specialized topics in income tax
- Recent developments and updates in taxation
- Case studies and practical applications
Note: This syllabus is designed for the Inter Level course on Income Tax for the assessment year 2017-18. It covers the fundamental concepts, principles, and practical aspects of income tax in India.
This course is helpful for the following exams: Taxation