CA Inter new syllabus in Income Tax Law

CA Inter new syllabus in Income tax Law applicable from 2018

  • Section A: Income-tax Law (60 Marks)

1. Basic Concepts 

i. Income-tax law: An introduction
ii. Important definitions in the Income-tax Act, 1961
iii. Concept of previous year and assessment year
iv. Basis of Charge and Rates of Tax
2. Residential status and scope of total income
i. Residential status
ii. Scope of total income
3. Incomes which do not form part of total income
(other than charitable trusts and institutions, political parties and electoral trusts)
i. Incomes not included in total income
ii. Tax holiday for newly established units in Special Economic Zones
4. Heads of income and the provisions governing computation of income under different heads
i. Salaries
ii. Income from house property
iii. Profits and gains of business or profession
iv. Capital gains
v. Income from other sources
5. Income of other persons included in assessee’s total income
i. Clubbing of income: An introduction
ii. Transfer of income without transfer of assets
iii. Income arising from revocable transfer of assets
iv. Clubbing of income of income arising to spouse, minor child and son’s wife in certain cases
v. Conversion of self-acquired property into property of HUF
6. Aggregation of income; Set-off, or carry forward and set-off of losses
i. Aggregation of income
ii. Concept of set-off and carry forward and set-off of losses
iii. Provisions governing set-off and carry forward and set-off of losses under different heads of income
iv. Order of set-off of losses
7. Deductions from gross total income
i. General provisions
ii. Deductions in respect of certain payments
iii. Specific deductions in respect of certain income
iv. Deductions in respect of other income
v. Other deductions
8. Computation of total income and tax liability of individuals
i. Income to be considered while computing total income of individuals
ii. Procedure for computation of total income and tax liability of individuals
9. Advance tax, tax deduction at source and introduction to tax collection at source
I. Introduction
ii. Direct Payment
iii. Provisions concerning deduction of tax at source
iv. Advance payment of tax
v. Interest for defaults in payment of advance tax and deferment of advance tax
vi. Tax collection at source – Basic concept
vii. Tax deduction and collection account number
10 Provisions for filing return of income and self-assessment
i. Return of Income
ii. Compulsory filing of return of income
iii. Fee and Interest for default in furnishing return of income
iv. Return of loss
v. Provisions relating to belated return, revised return etc.
vi. Permanent account number
vii. Persons authorized to verify return of income
viii. Self-assess