COURSE SCHEDULE

02/08/2024

Friday

Inaugural ceremony & Panel Discussion

Panelist :

Dr. K. Shivaram, Senior Advocate

CA Jayant Gokhale

Moderator –

Mr.

K. Gopal, Advocate

02/08/2024

Friday

Basic Concepts:

(a)  An introduction to Direct Taxes

(b)  Link with constitutional provisions

(c)  Important definitions

–    Section 2(7): Assessee

–    Section 2(8): Assessment

–    Section 2(9): Assessment Year

–    Section 2(24): Income

–    Section 2(31): Person

–    Section 3: Previous Year

(d)  Concept of previous year and assessment year

(e)  Basis of Charge and Rates of Tax

Relevant provisions of section 10 [exempt income not specifically covered elsewhere in syllabus]

06/08/2024

Tuesday

Income from Capital Gains:

(a)  Meaning of Capital Asset

(b)  Short term and Long-Term Capital Asset

(c)  Meaning of ‘Transfer’

(d)  Scope and Year of Chargeability

(e)  Transaction not regarded as transfer [Section 47]

(f)   Mode of Computation [Section 48]

(g)  Ascertainment of Cost in specified circumstances

(h)  Cost of Acquisition & Improvement [Section 55(1)/(2)]

(i)    Section 50C

(j)    Important Deductions from Capital Gains [Section 54, 54EC, 54F]

(k)  Tax on Capital Gains [Section 111A, 112, 112A]

08/08/2024

Thursday

10/08/2024

Saturday

12/08/2024

Monday

Income from House Property (including rules)

(a)  Chargeability [section 22]

(b)  Determination of Annual Letting Value [Section 23]

(c)  Deductions from Annual Letting Value [Section 24]

(d)  Inadmissible deductions [Section 25]

(e)  Arrears of rent and unrealised rent received subsequently [Section 25A]

(f)   Co-owned property and Deemed Ownership [Section 26 & 27]

(g)  Taxability of composite rent.

14/08/2024

Wednesday

Profits and Gains from Business or Profession

(a)  Meaning of business & Profession

(b)  Charging section 28 [Section 28(i)/(ii)/(iv)/(v)/(va)/(vi)]

(c)  Admissible deduction (overview):

–      Section 30: rent, rate, taxes, etc

–      Section 31: Repairs and Insurance

–      Section 32 & related provisions: Overview of depreciation

–      Section 36: Other deductions

[Section 36(1)(i)/(ib)/(ii)/(iii)/(iva)/(vii)]

–      Section 37: Residuary Expenses

[Revenue expenditure, for the purpose of business/profession/vocation, expenses in relation to offence/ CSR expenditure]

(d)   Inadmissible deductions:

–      Section 40(a)(i)/(ia)/(iii)/(ii)/(v)

(e)  Expenses or Payment not deductible in certain cases:

–      40A(2): Payments to relatives/associates

–      40A(3): Prohibited modes of payment

(f)   Profits chargeable to tax:

–      Section 41(1)

(g)  Method of accounting –section 145 & 145A and certain deduction only on actual payment [Section 43B]

(h)  Section 43CA

(i)    Maintenance of Books of Accounts [Section 44AA]

(j)    Compulsory Audit of Accounts [Section 44AB]

(k)  Presumptive taxation [Section 44AD, 44ADA, 44AE]

16/08/2024

Friday

20/08/2024

Tuesday

22/08/2024

Thursday

Income from Salaries (including Rules)

(a)  Charging section 15

(b)  Point of Taxability [Advance Salary, Arrears of salary, Forgoing of salary]

(c)  Salary, Perquisites & Profit in lieu of Salary [relevant provisions of section 17]

(d)  Treatment of various allowances given as part of salary structure:

–      Fully Taxable allowances

–      Partially Taxable allowances [Section 10(13A), 10(14)]

–      Fully Exempt Allowances

(e)  Overview of Taxability of ESOPs

(f)   Overview of Taxability of Gratuity

(g)  Overview of Taxability of Pension

(h)  Overview of Taxability of Leave Encashment

(i)    Overview of Taxability of Leave Travel Concession

(j)    Medical facility provided by employer [proviso to section 17(2)]

(k)  Deduction allowable [Section 16]

23/08/2024

Friday

26/08/2024

Monday

28/08/2024

Wednesday

Residential Status and Scope of Total Income

(a)  Provisions of Section 6

(b)  Provisions of Section 5

(c)  Concept of Income deemed to accrue in India -section 9

(d)  GAAR

30/08/2024

Friday

Income from Other Sources (including rules 11UA & 11UB):

(a)  Relevant provisions of section 56

–      56(2)(i): Dividends

–      56(2)(ib): Winnings

–      56(2)(id): Interest on securities

–      56(2)(ii): Income from machinery etc

–      56(2)(viib): Issue of shares

–      56(2)(ix): Forfeiture

–      56(2)(x)

(b)  Deduction allowable [Section 57]

(c)  Deductions not allowable [Section 58]

(d)  Rate of Tax [Section 115BB, Section 115BBJ]

02/09/2024

Monday

Taxation of Unaccounted Income [Section 68 – 69D], Section 115BBE [Rate of Tax], Section 271AAC  & Clubbing of Income

(a)  Transfer of income without transfer of Asset [Section 60]

(b)  Income arising from revocable transfer of Asset [Section 61]

(c)  Clubbing of Income Arising to Spouse

(d)  Clubbing of Income Arising to Son’s wife

(e)  Clubbing of Minor’s income

(f)   Conversion of self-acquired property into HUF

(g)  Income include losses [Expl. 2 to section 64]

04/09/2024

Wednesday

Aggregation of Income, set-off & carry forward of losses

(a)  Intra source adjustment [Section 70]

(b)  Inter source adjustment [Section 71]

(c)  Loss from House Property [Section 71B]

(d)  Business losses [Section 72]

(e)  Losses in Speculative Business [Section 73]

(f)   Losses in Capital Gains [Section 74]

(g)  Losses from Owning and Maintaining Race Horses [Section 73A(3)]

(h)  Submission of Return of Losses [Section 80]

05/09/2024

Thursday

Deductions from Gross Total Income & other Exemptions

(a)  Section 80C: (relevant deductions)

(b)  Section 80CCD: Contribution to pension scheme

(c)  Section 80CCE: Ceiling limit

(d)  Section 80CCH: Agni path Scheme

(e)  Section 80D: Medical insurance premium

(f)   Section 80E: Interest on loan for higher Education

(g)  Section 80EE/80EEA: Interest on loan for house property

(h)  Section 80EEB: Interest on loan for electric vehicle

(i)   Section 80G: Donations

(j)   Overview of Section 80-IA/ 80-IB/ 80-IAC

(k) Section 80JJAA: Deduction for employment of new employees.

(l)   Section 80M: Inter corporate dividends

(m)  Section 80P: Income of co-operative societies

(n)    Section 80TTA/80TTB

09/09/2024

Monday

11/09/2024

Wednesday

Tax Deducted & Collected at Source & Advance Tax

(a)  Tax Deducted at Source [Overview of Section 190, 191, 192, 193, 194, 194A, 194C, 194H, 194-I, 194-IA, 194-IB, 194J, 198, 199, 201, 205, 206AA, 206AB]

(b)  Tax Collected at Source [Overview of Section 206C]

(c)  Advance Tax [Section 207 – 219]

13/09/2024

Friday

Rate of tax & Special scheme of Taxation:

(a)  Normal Rates of Tax [Finance Act]

(b)  Section 115BAB: Scheme for Domestic Manufacturing Compnay

(c)  Section 115BAC: Scheme for Individuals & HUF

(d)  Section 115BBH: Virtual Digital Asset

(e)  Section 115BB: Tax on winnings, Lotteries etc.

(f)   Section 115BBJ: Online Gaming

19/09/2024

Thusday

Return of Income and Tax Audit Forms:

(a)  Section 139 [Sub section (1), (3), (4), (5), (8A), (9)]

(b)  Section 140: Verification

(c)  Section 140A: Self-assessment

21/09/2024

Saturday

Assessment, Re-Assessment, Revision & Rectification

(a)  Section 142, 143, 144, 144B

(b)  Section 147 to section 151A

(c)  Section 153

(d)  Section 154

(e)  Section 263 & 264

23/09/2024

Monday

25/09/2024

Wednesday

27/09/2024

Friday

Prohibited transactions, Penalty & Prosecution, Fees

(a)     Section 270A, 270AA

(b)     Section 271A

(c)      Section 271AAD

(d)     Section 271B

(e)      Section 271C

(f)       Section 269SS r.w. Section 271D

(g)      Section 269ST r.w. Section 271DA

(h)     Section 269T r.w. section 271E

(i)       Section 271F

(j)       Section 271J

(k)     Section 272A

(l)       Section 234E

(m)   Section 234F

30/09/2024

Monday

Dispute Resolution

(a)     CIT(A) – Appealable orders, powers of CIT(A), Procedure, limitation

(b)     DRP

(c)      ITAT – Appealable orders, powers of ITAT, Procedure, miscellaneous application, limitation

(d)     High Court

(e)     Supreme Court

(f)      Types of Writ Petition before High Court