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U.O.No. 11053/2015/Admn Dated, Calicut University.P.O,
26.10.2015
File Ref.No.28305/GA - IV - E3/2013/CU
UNIVERSITY OF CALICUT
Abstract
Faculty of Commerce and Management Studies- Syllabus for BCom
Taxation Specialisation under
CCSS-UG programme-Modified- Approved- Orders issued.
G & A - IV - E
Read:-1) UO No.9325/2015/Admn dated 04-09-2015
2) Letter dated 09-10-2015 from the Principal, Fathima Arts and
Science College,
Nilambur..
3) Letter dated 10-10-2015 from the Chairman, Board of Studies
in Commerce(UG)
4) Letter dated 16-10-2015 from the Dean, Faculty of Commerce
and Management
Studies.
5) Orders of the Hon'ble Vice Chancellor in file of even no.
dated 19-10-2015.
ORDER
As per paper read First above, UO was issued for implementing
the Syllabus for BCom Taxation
specialisation under CUCBCSS Programme.
As per paper read Second above, the Principal, Fathima Arts and
Science Colege Nilambur has
informed that since the Syllabus for BCom Taxation specialistion
was implemented under CUCBCSS
Programme, the students of Vth semester BCom under CCSS-UG
Programme, who completed the
course of study under CCSS Programme cannot be registered for
their examinations during this
academic year 2015-16.
As per paper read Third above, the matter has been clarified by
the Chairman, Board of Studies in
Commerce(UG) that there is an error occured in the Minutes of
the meeting of the Board of Studies
in Commerce(UG) held on 23-05-2015 that the Syllabus of BCom
Taxation specialisation was
approved under CCSS-UG Programme, but in the minutes it was
recorded by mistake as BCom
Taxation Specialisation under CUCBCSS Programme. The Chairman
has therefore requested to
take necessary steps to rectify the error occured in the
miinutes.
As paper read Fourth above, after having considered the
clarification received from the Chairman,
Board of Studies in Commerce(UG),the Dean, Faculty of Commerce
and Management Studies,
has recommended to approve the clarification received from the
Chairman, in the minutes of the
meeting of the Board of Studies in Commerce (UG) held on
23-05-2015.
After having examined the matter in detail, sanction has been
accorded by the Vice Chancellor for
making necessary correction in the minutes of the meeting of the
Board of Studies in
Commerce(UG) held on 23-05-2015 and also for implementing the
Syllabus of BCom Taxation
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Lalitha K.P
Assistant Registrar
Forwarded / By Order
Section Officer
Specilisation under CCSS-UG programme.
The UO read first above is stands modified to this extent.
Orders are issued accordingly.
( Syllabus is appended)
To
The Principal, Fathima Arts and Science College, Nilambur.
Copy to: Controller of Examinations/ JCE-1, JCE-3/EX/EG-1/EC-1/
PA to CE/PA to
Registrar/ SF/FC
System Administrator(with a request to upload the same in the
University Website)
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U.O.No. 9325/2015/Admn Dated, Calicut University.P.O,
04.09.2015
File Ref.No.19337/GA - IV - E - SO/2015/Admn
UNIVERSITY OF CALICUT
Abstract
Faculty of Commerce and Management Studies- BCom Taxation
Specialisation under CUCBCSS
Programme- Syllabus approved- Orders issued
G & A - IV - E
Read:-1) Letter dated 12-02-2015 from the Principal, Fathima
Arts and Science College,
Nilambur.
2) Minutes of the meeting of the Board of Studies in
Commerce(UG) held on 23-05-
2015.
3) Minutes of the meeting of the Faculty of Commerce and
Management Studies held
on 03-06-2015.
4) Minutes of the meeting of the Academic Council held on
11-07-2015.
5) Orders of the Vice Chancellor in file of even no. dated
04-08-2015.
ORDER
As per paper read First above, the Principal, Fathima Arts and
Science College Nilambur has
informed that sanction has been accorded to introduce Taxation
as Specialisation to BCom course
in that College and also requested to approve the Syllabus for
BCom Taxation as specialisation
under CUCBCSS Programme.
As per paper read Second above, the Board of Studies in
Commerce(UG) at its meeting held on 23-
05-2015 vide item no.2, considered the request of Fathima Arts
and Science College ane resolved
to add Taxation Specialisation to the BCom (CUCBCSS) Programme
and approved the syllabus.
The Core Course under the specialisation are:
1) BC5B10-Principles of Taxation.
2)BC5B11-Indirect Taxes Law and Practice.
3) BC6B14-Income Tax Assessment.
4) BC6B15-Corporate Taxation and Tax Planning.
As per paper read Third above, the Faculty of Commerce and
Management Studies at its meeting
held on 03-06-2015 has approved the minutes of the meeting of
the Board of Studies in
Commerce(UG) held on 23-05-2015.
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Usha K
Deputy Registrar
Forwarded / By Order
Section Officer
As per paper read Fourth above, the Academic Council at its
meeting held on 11-07-2015 vide
item no.II(G) has resolved to approve the minutes of the meeting
of the faculty of Commerce and
Management Studies alongwith the minutes of the meeting of the
Boards of Studies coming under
the Faculty.
Sanction has therefore been accorded by the Vice Chancellor for
implementing the resolution of
the Academic Council for adding Taxation Specialisation to
BCom(CUCBCSS) Programme and also
for implemnting the Syllabus for the Core Course under the
Specialisation as:
1) BC5B10-Principles of Taxation.
2)BC5B11-Indirect Taxes Law and Practice.
3) BC6B14-Income Tax Assessment.
4) BC6B15-Corporate Taxation and Tax Planning.
Orders are issued accordingly.
(Copy of the Syllabus appended)
To
The Principal, Fathima Arts and Science College, Nilambur.
Copy to: Controller of examinations/
JCE-3/JCE-1/EX/EG-1sections/ PA to CE/PA to
Registrar/ SF/FC.
The System Administrator(with a request to upload the Syllabus
in the University Website)
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Courses in the Area of Specialisation : Taxation
BC5 B1O PRINCILPES OF TAXATIONlecture Hours per week : 5
Objectives:
Module ll
Module tV
! To provide knowledge on basic principles of Taxation.) To
famiriarise the students wiih tt,e structure of rndian Taxation
system andConstitutional provisions pertaining to Taxes.Module
IPrincipres of Taxation : objectives of Taxaiion - Effects of
Taxation on production
,distribution and employment _ Cannons of Taxation _ Tax_GDp
Ratio : Meaning _Significance and determinants _ Trends in Tax_GDp
Ratio _ Features of good TaxationSystem - Tax equity: Benefit
principle of Taxation _ Ability to pay principle of Taxation _Tax
capacity and Tax effort _ Meaning of Taxabie capacity I AUsolute
and Relativecapacity - Factors determining Taxable capacity.
Classification of Taxes : Direct and lndirect Taxes _ Relative
role of Direct and lncjirectTaxes in lndian economy - Advantages
and disadvantages of Direct and rndirect Taxes -OECD crassification
: progressive , pl0portionar and Regressive Taxes - Advarorem
andspecific taxes - An overview of Direct and lndirect Taxes in
lndia _ Central and StateDirect and tndirect Taxes - Distinction
between Direct and rndirect raxes.
Credits : 4
(20 Hours)
(15 Hours)
(L5 Hours)
lncidence of faxation : lmpact and incidtFactors determining
extent or tax shirtin, l;:r:,1:'l:t"; l:::;:rrl::r:Tffi:T_Taxation
- Distribution of Tax burden _ Tax evasion in lndia _ Causes and
consequencesof tax evasion - Methods to curb tax evasion - Tax
incentives - Rationare, benefits and;:il1,:.;':::,il::;i:J_s of tax
incentives .rax Hoiidays _ rnvestment A,owance _
lnternational Doubie Taxation : AssResidence - Methods to
alleviate inter
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Module V (15 Hours)constitutional Provisions Relating to Taxes :
Rationare for constitutional arrangements -Distribution of Taxation
powers 1.,*uun-r',e centre and states in the Constitution oflndia -
Restriction on the Taxation powers of the States _ Sharing of
Central Taxes _Recommendations of the Fourteenth finance
Commission
.
(10 Hours)
References :
1' Musgrave. Richard and peggy Musgrave, ,pubric Finance in
Theory and practice,Tata McGraw Hill publishing Company Ltd, New
Delhi.2' peerzode' sayal Afzar, 'Economics of raxation" Atrantic
publishers & Distributorspvt Ltd.3. Tyagi 8.p., ,public
Finance,, Jai prakash Nath and Company, Meerut.4' Sury M.M.,
'Fiscar policy Deveropment in rndia 1.947_2007,,rndian Tax
Foundation
in association with New Century publications, New Delhi.5' Goode
Richard' 'Government Finance in Deveroping Countries,, Tata McGraw
HilrPublishing Co. Ltd, New Delhi.6. Lekhi R.K, ,public Finance,,
Kalyani publishers, New Delhi.7' Basic rnternationarTaxation
principres:Vor r& ,, Roy Robatgi, Taxman.8' singhania Vinod K,
'Direct raxes: Law and practice,, Taxmann pubrications (p) tto,New
Delhi.
z
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BC5 811 INDIRECT TAXES tAW AND PRACTICElecture Hours per week :
5
Credits : 4Objectives :
) To enable the students to understand the importance of
lndirect raxes in thelndian economy.) To impart basic knowredge
about Excise Duty, customs Duty, csr, VAT andservice Tax and the
practicar assessment of tax burden.
Module Ilntroduction to rndirect raxes: rndirect Taxes -
Features - Types of lndirect raxes _Merits and demerits -
constitutionar provisions rerating to rndirect raxes.
centrar Excise : centrar Excise Act 1g44 And Rerated Rures -
Nature of Excise Duty _Types of Excise Duties - lmportant terms and
definitions - Basis of duty payable - Basisof Assessable Value -
lnclusions in and exclusions from Transaction Value -
Valuationrules to determine Assessable value - payment of Excise
Duty _ Registration _ CENVAT :Meaning-sarientfeatures-rnput
goodsandcapitargoods_rnputservice_Exemptionfrom duty - Excise
concessions to small scale industries - Assessment procedures
inCentral Excise.
Module ill
Module lV
(05 Hours)
(20 Hours)
(L5 Hours)
customs Duty: customs Act, 1962 - Meaning of Customs Duty -
Types of CustomsDuties - Exemptions from customs Duties -
Classification and valuation of goods -customs Authorities -
provisions governing import and export of goods _ speciarprovisions
regarding baggage, courier and post.
Kerala Value Added Tax And Central sales Tax : Basic concept of
VAT - cascading effectof tax - Advantages of VAT - Disadvantages
and pitfalls in VAT _ Kerala Value AddedTax' 2003 - lmportant terms
and definitions - lncidence and levy of tax - purchase Tax
-Presumptive Tax - lnput rax credit - Refund of rnput rax -
negistration - submission ofReturns - Assessment of tax - Payment
and recovery of tax - Relevant statutory Forms- e-filing
procedures.central sales Tax : lmportant terms and definitions -
lnter state sales - Tax on interstate sales - Registration -
Determination of Turnover - Levy and collection of tax -Goods of
special importance and rate of tax .
(20 Hours)
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1
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Module V
:il::::;#,i5",'.T:iTJI': ffi:L:11,;i,;ff,:,
service rax - Mean ng orExemptions from service Tax - Rate of
service Tax - orrur*l;ffi:"Jil?:1;T;of Advertising agency services,
Banking and Financial SerServices, Tele-communication a^,,.,^^^
o__"rrv t 'rrdrlclst services, General lnsuranceservices.
rmunication services' Tour operating Services, rr and soft
ware
(15 Hours)( Theory & simpre probrems may be in the ratio of
70% and 3,%respectivery
)
References :
L' Datey V's' lndirect raxes - Law and Practice, Taxman
pubrications pvt Ltd, New Derhi.2' Vinod K Singhania, service Tax,
Taxman pubrications pvt Ltd, New Derhi.3' chandrasekhar, p.s,
Essays on central sares TaxAct, sai pubrications, Hyderabad.4. Gaur
& Narang, Centralsales Tax Act, Kalyani publishers.
5' Barachandran V, tndirect raxation, surthan Chand sons , New
Derhl.6. Bare Acts of lndirect Taxes.
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) To provide practicar skiils on the computation Taxabre
invanous assesses. ,,.iJvroL,vr I I crxdote tncome and Tax
liability of
P To familiarise the students with the procedure for filing of
lncome Tax Returns.Module IComputation of Taxabre rncome: crubbing
of incomes and aggregation of incomes _ setoff and carry forward of
losses _ tn.or",
:iiH :X.* -, *,.,,
" " s rro m c,o,, ro,lr',::i J: f#;i:ff I J,,"1 lffi ;:1,:
BC5 814 INCOM; TAX ASSESSMENTLecture Hours per week : 5
Objectives :
Module ilAssessment of Various Entities :
Module illAssessment of Firms and Association of persons:
(l) Assessment of lndividuars : Treatment of income received
from differentinstitutions - Computation of Taxabre rncome and Tax
riabirity _ Apprication ofArternate Minimum Tax (AMT) on
lndividuars _Tax pranning for rndividuarswith respect to a, 5 Heads
of income, deductions, exemptions, rebate, rerief,concessions and
incentives.(ll) Assessment of Hindu Undivided Family : Schools of
Hindu Law _ Residentialstatus of HUF - rncome not to be treated as
Famiry income _ computation ofTotal lncome of HUF and Tax
liability.
Credits : 4
(15 Hours)
(25 Hours)
(15 Hours)
(l) Assessment of Firms - computation of Book profit -
Remuneration topartners _ Computation of Total lncome and Tax
liability.(ll) Assessment of AoP/Bol - Computation of Total lncome
of AoplBot _ Taxliability of AOp/BOt _ Treatment of share of income
from AOp/BOt.
Module lVAssessment of co-operative societies and Trusts :
Co-operative societies - Meanlng -Deductions u/s g0 p - other
deductions - computation of Taxabre rncome & Taxliabirity.
Trusts : Definition - creation - Registration _.Types of Trusts _
Tax exemptions- Accumuration of income - rncome not exempted -
Assessment of Trust.
(10Hours)
'.r-
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i
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L
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Module VProcedure For Assessment : Filing of difflrent types of
Returns of income - Types ofassessment - Deduction and collection
of Tax at source - Advance payment of Tax -Recovery of Tax - lncome
Tax Authorities - Appeals and Revision - Penalties
&Prosecutions.
(10 Hours)
(Theory and Problem may be in the ratio of 40% and 60%
respectively)
References :
1. Mehrotra H.C, Goyal S.P, Direct Taxes, Sahitya Bhavan, New
Delhi.
2. Bhagavathi Prasad, Direct Taxes Law & Practice, Wishwa
Prakashan, New
Delhi.
3 . Vinod K Singania & Kapil Singania, Taxmans' Direct Tax
Laws & Practice, Taxman
Publications (P) Ltd.
4. Gaur V.P , Narang, lncome Tax Law & Practice, Kalyani
Publishers.
5, Lal B.B, Direct Taxes, Konark Publishing House, New
Delhi.
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BC6 815 CORPORATE TAXATION AND TAX PLANNING
Lecture Hours per week : 5
Objectives:
! To familiarise the students with the latest provisions of the
lndian Corporate TaxLaws and to rearn about the computation of
Taxabre rncome of companies.
) To acquaint with the concept of Tax pranning and Tax
Management underlncome Tax law.
Module IAssessment of companies : Definition of company - Types
of companies _ Residentialstatus and incidence of tax - carry
forward and set off of losses in the case ofcompanies - Deduction
available to Corporate Assessee - computation of corporateTax.
( 15 Hours)
computation of Taxable lncome & Tax.Liability : special
provisions applicable toassessment of Total lncome of Companies -
Computation of Total lncome of Companies- Determination of amount
of Corporate Tax liability - Minimum Alternative Tax (MAT)-Tax on
distributed profits of domestic Companies-Tax on amount distributed
to unitholders - Security Transaction Tax.
Module lll( 25 Hours)
lntroduction to Tax Planning; Meaning of Tax Planning and
Management, Tax evasionand Tax avoidance - Nature and scope of Tax
pranning and Management in thecorporate sector - Justification of
Corporate Tax planning and Management .
( 10 Hours)Module lV
Tax Planning For Specific Management Decisions : Tax Planning
with Capital structuredecisions - Dividend Policy - Bonus shares
-lnvestments and Capital Gains - owning orLeasing of an asset -
Make or buy, repair /replace, export or domestic sales, shut downor
continue.
( 15 Hours)Module V
Tax Planning For Setting up of a New Business: lmplication of
Tax Concessions andlncentives for Corporate decision in respect of
setting up of a new business, location,nature and form of business
- Tax Planning relating to Special Economic Zone (SEZ),
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Export Processing Zones, lnfrastructure Sector and backward
areas - Tax lncentives forexports.
(10 Hours)
(Theory and Problem may be in the ratio of 50% and s0%
respectively)
References :
1. Mehrotra H.C, GoyalS.p,'DirectTaxes,, Sahitya Bhavan, New
Delhi.
2. Bhagavathi Prasad, 'Direct Taxes Laws & Practice',.
Wishwa Prakashan, New
Delhi.
3. Vinod K Singhania, Monica Singhania, 'Corporate Tax Planning
And Business Tax
Procedure', Taxman publications pvt Ltd, New Delhi.
4. 'Corporate Tax Planning And Management', Lakbotia Vision
Publishers.
5. Aggarwal P. K, 'Tax Planning For Companies', Hind Law
Publishers, New Delhi.
5. Lal B.B & N. Vashisht, 'DirectTaxes - lncome Tax &
Tax Planning', Konark
Publishing House, New Delhi,
7. Girish Ahuja, &. Ravi Gupta, 'Direct Tax Law And Practice
And Tax Planning',Bharat
Law House Pvt Ltd, New Delhi.
8. Manmohan, 'Direct Taxes With Tax Planning'.
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