INCOME TAX – I

Income Tax – I

COURSE OBJECTIVES:

• To familiarise the students with Income Tax Act 1961
• To enable the students to compute Income taxable under the first three heads of Income

LEARNING OUTCOMES:

After the completion of the course, students will be able to –

A Knowledge and Understanding:

• To know the meaning and scope of direct tax
• To understand residential status and scope of Total Income.
• Receive knowledge relating to first three heads for computing tax.

Analytical Skills:

• Understand the Nature Of income tax
• Understand the process of computing first three heads of income
• Develop and understanding of the main rules and regulations of income tax
• Compute residential status of individual