Group A (Income tax Act,1961)

1. Object and uses of taxation.1 lectures

Canons of taxation

2. Nature and characteristics of direct and Indirect taxation.2 lectures

3. Constitutional provision relating to taxation.2 lectures

4. Detailed study of the income tax act, 1961 with special emphasis on-

A. Basis of charge and assessment of income earned by various persons as conceived under the act4 lectures

B. Determination of taxable income

i. Salaries2 lectures

ii. Income from house2 lectures

iii. Profit and gains from business or profession2 lectures

iv. Capital gain4 lectures

v. Income from other sources2 lectures

C. Deduction of tax at source and advance payment of tax 5 lectures

D. Filing of returns and procedure for amendment

i. Self assessment

ii. Best judgement assessment

iii. Re-assessment6 lectures

E. Fines and penalties for delay and default in fulfilment of legal obligation and for evasion and concealment of income.6 lectures

F. Appeal and revision4 lectures

G. Set off and carry forward, losses3 lectures

H. Search and seizure, prosecution and acquisition of properties by the taxing authority5 lectures

I. Income tax authorities, powers and functions4 lectures

5. A study of wealth tax act, 1957 with special reference to concept of deemed wealth tax8 lectures

Group B [Jharkhand value added tax act, 2005(VAT)

1. VAT

2. Merits of VAT

3. Definitions

4. VAT calculation

5. Input tax credit, out put tax and input tax

6. Registration

7. Tax payer identification number

8. Returns, assessment, recovery and refund of tax

9. Invoice

10. Tax invoice

11. Appeal and revision

12. Adjustment of input tax credit

13. Credit notes and debit notes

14. Survey and check post20 lectures

Group C ( central sales tax act and rules)