Mcom Direct Tax Law and Practice Notes
Mcom Direct Tax Law and Practice Notes:- in this post, we want to tell you that, mcom 1st year all units in this post direct tax law and practice notes, Unit 1 Income Tax Act 1961 Mcom Notes, Unit 2 Tax Management Mcom Notes, Unit 3 Tax Planning Mcom Notes, Unit 4 Return of Income Mcom Notes, Unit 5 Taxation of International Transactions Mcom Notes,
Covered Syllabus: –
Unit 1: Income Tax Act 1961: Special Provisions Relating to assessment of Companies only.
Unit 2: Introduction to Tax Management: Concept of Tax Planning, Tax Avoidance and Tax Evasion. Tax Planning for new Business – Tax Planning with reference to location, nature and form of organization of new business.
Unit 3: Tax Planning for Financial Management decisions: Tax Planning relating to Capital Structure decisions and dividend policy.
Unit 4: Filling of Return of Income: types of ITRs and procedure of their filing. return of income, compulsory filing return of income. return of loss, provision relating to belated return, revised return etc. free and interest to default in furnishing return of income.
Unit 5: Taxation of international transactions and non-residents under the income tax act,1961: Specific provisions relating to non-residents: double taxation relief: transfer pricing and advance rulings.