Mangalore University

Syllabus for B.Com Course as per CBCS

Regulations 2018-19:

Programme Objectives:
1. The Course focuses mainly on enhancing the employability skills of the
Commerce students
2. The introduction of updated and the need of the hour concepts and contents
will make a student employable and at the same time confident in his/her
day to day transactions.

Proposed Semester wise Subjects for B.Com Degree

I year B Com, I Semester

Subjects/Courses Teaching Marks Credits
Group I: Hours/ IA U Exam Total
Week
Core Courses
(Commerce Quantitative Techniques- I 4 20 80 100 02
Subjects)
Financial Accounting – I 6 30 120 150 03
Tax Procedure And Practice I - Income 4 20 80 100 02
Tax Law I
Tax Procedure And Practice II - Goods 4 20 80 100 02
Vocational course
And Service Tax Act- I
Tax Procedure Practical –I 2 10 40 50 01
Income tax and Indirect Tax
Group II
Elective Courses Elective Courses 2 10 40 50 01

Group III Language I 4 20 80 100 02

a) Compulsory
Foundation
Language II 4 20 80 100 02
Group III Indian Constitution/Human
b) Elective Rights/Gender equity/ Environmental 2 10 40 50 01
Foundation Studies

Group IV Co-curricular and

Extra- curricular Activities - - - 50 01
 850 17

I year B Com, II Semester

Subjects/Courses Teaching Marks Credits
Hours/ IA U Exam Total
Week

Group I: Quantitative Techniques- II 4 20 80 100 02

Core Courses
(Commerce Financial Accounting – II 6 30 120 150 03
Subjects)

Tax Procedure And Practice III - 4 20 80 100 02

Income Tax Law –II
Tax Procedure And Practice IV - 4 20 80 100 02
Vocational course
Goods And Service Tax Act- II
Tax Procedure Practical –II 2 10 40 50 01
Income tax and Indirect Tax
Group II
Elective Courses Elective Courses 2 10 40 50 01

Group III Language I 4 20 80 100 02

a) Compulsory
Foundation Language II 4 20 80 100 02
Indian Constitution/Human
Rights/Gender equity/ Environmental 2 10 40 50 01
b) Elective Studies
Foundation
Group IV Co-curricular and
Extra- curricular Activities - - - 50 01

850 17

II year B Com, III Semester

Subjects/Courses Teaching Marks Credits
Hours/ IA U Exam Total
Week
Group I:
Core Courses Direct Tax- I 4 20 80 100 02
(Commerce
Subjects) Financial Accounting – III 6 30 120 150 03
Tax Procedure And Practice V- 4 20 80 100 02
Income Tax Law –III
Tax Procedure And Practice VI - 4 20 80 100 02
Vocational course
Goods And Service Tax Act- III
Tax Procedure Practical-III 2 10 40 50 01
Income tax and Indirect Tax
Group II
Elective Courses Elective Courses 2 10 40 50 01

Group III Language I 4 20 80 100 02

a) Compulsory
Foundation
Language II 4 20 80 100 02
Indian Constitution/Human
b) Elective Rights/Gender equity/ Environmental 2 10 40 50 01
Foundation Studies

Group IV Co-curricular and

Extra- curricular Activities - - - 50 01

850 17

II year B Com, IV Semester

Subjects/Courses Teaching Marks Credits
Hours/ IA U Exam Total
Week

Group I: Direct Tax- II 4 20 80 100 02

Core Courses
(Commerce Financial Accounting – IV 6 30 120 150 03
Subjects)

Tax Procedure And Practice VII - 4 20 80 100 02

Income Tax Law –IV
Tax Procedure And Practice VIII- 4 20 80 100 02
Vocational course
Goods And Service Tax Act- IV
Tax Procedure Practical –IV 2 10 40 50 01
Income tax and Indirect Tax
Group II
Elective Courses Elective Courses 2 10 40 50 01

Group III Language I 4 20 80 100 02

a) Compulsory
Foundation
Language II 4 20 80 100 02
Indian Constitution/Human
b) Elective Rights/Gender equity/ Environmental 2 10 40 50 01
Foundation Studies

Group IV Co-curricular and

Extra- curricular Activities - - - 50 01

850 17
 III year B Com, V Semester
Subjects/Courses Teaching Marks Credits
Hours/ IA U Exam Total
Week

Group I: Financial Management – I 5 30 120 150 03

Cost & Management Accounting –
Core Courses III 5 30 120 150 03

(Commerce Business Law 5 30 120 150 03

Subjects)
Modern Marketing 5 30 120 150 03

Tax Procedure and Practice- IX 4 20 80 100 02

Income tax law and practice V
Vocational Course
4 20 80 100 02

Tax Procedure and Practice practical 2 20 80 100 02

V
Income Tax Law 900 18
Group II Not applicable

Group III Not applicable

Group IV Not applicable

III year B Com, VI Semester

Subjects/Courses Teaching Marks Credits
Hours/ IA U Exam Total
Week
Corporate Accounting – II
Group I: 5 30 120 150 03
Financial Management – II
Core Courses 5 30 120 150 03

(Commerce Indian Corporate Law 5 30 120 150 03

Subjects)
Auditing 5 30 120 150 03

Tax Procedure and Practice- X 4 20 80 100 02

Customs Duty
4 20 80 100 02
Vocational
Course
Project 2 20 80 100 02

900 18
Group II Not applicable
Group III Not applicable
Group IV Not applicable
Total 5200 104
Semester Course/subject Subject Total Total
Code marks Credit
Tax Procedure and Practice-I BCMTPV 100 2
Income Tax Law and Practice I 131
I semester Tax Procedure and Practice-II BCMTPV 100 2 3
Goods and Service Tax Act-I 132
Tax Procedure and Practice BCMTPV 50 1
Practical- I 133
Tax Procedure and Practice-III BCMTPV 100 2
Income Tax Law and Practice II 181
Tax Procedure and Practice-IV BCMTPV 100 2 3
II semester Goods and Service Tax Act II 182
Tax Procedure and Practice BCMTPV 50 1
Practical- II 183
Tax Procedure and Practice-V BCMTPV 100 2
Income Tax Law and Practice III 231
III semester Tax Procedure and Practice-VI BCMTPV 100 2 3
Goods and Service Tax Act III 232
Tax Procedure and Practice BCMTPV 50 1
Practical- III 233
Tax Procedure and Practice- VII BCMTPV 100 2
Income Tax Law and Practice IV 281
IV semester Tax Procedure and Practice- VIII BCMTPV 100 2 3
Goods and Service Tax Act IV 282
Tax Procedure and Practice BCMTPV 50 1
Practical IV 283
Tax Procedure and Practice- IX BCMTPV 100 2
Income Tax Law and Practice V 331
Tax Procedure and Practice-Goods BCMEDV 100 2 6
V semester and Service Tax Act 332
Tax Procedure and Practice BCMTPV 50 2
Practical 333
Tax Procedure and Practice- X BCMTPV 100 2
Customs Duty 381
Tax Procedure and Practice-Goods BCMEDV 100 2 6
VI semester and Service Tax Act 382
Tax Procedure and Practice BCMTPV 100 2
Practical 383
 I B.COM – I SEMESTER
Tax Procedure and Practices I
(Income Tax Law and Practice – I)

NUMBER OF HOURS PER WEEK: 4 NUMBER OF CREDITS: 2

Unit 1: Income Tax Act 1961 (10 HOURS)

Extent, application, definitions- income, agricultural income, assesse, person, previous year,
assessment year, gross total income, total income .
Unit 2: Distinction between capital and revenue receipts (08 HOURS)
Residential status of the assesse, Incidence of tax based on residence.
Unit 3: Exemptions of tax under section 10 (10 HOURS)
Income which does not form part of total income.
Unit 4: Deduction from gross total income (10 HOURS)
Chapter VI A deduction- rebate under section 87 A.
UNIT 5: Computation of Income under the Head Salaries (10 HOURS)
Total Income and tax liability.

Books for references:

1. Direct Tax Law and Practice- - Taxman’s Publication
2. Income Tax law and practice- taxman’s Publication
3. Income Tax law and practice- V.P. Gaur, D.B. Narang, Puja Gaur, Rajeev Puri
 I B.COM – I SEMSTER
Tax Procedure and Practices – I
Goods and Services Tax- I
NUMBER OF HOURS PER WEEK: 4 NUMBER OF CREDITS: 2

Note: Sections and Rules mentioned in the Syllabus are subject to changes depending upon
amendments done from time to time to the respective laws.
Unit I: Introduction (10 HOURS)
Amendment to Constitution and GST – Concept of VAT: Meaning, variants and methods; major
defects in the structure of indirect taxes prior to GST - Applicability of GST – Types of GST –
Benefits of implementing GST - Goods and Services Tax Council.
Unit II: Definitions under CGST Act (08 HOURS)
Aggregate turnover – Agriculturist – Business – Business Vertical – capital goods –electronic
commerce operator – fixed establishment – goods – Inward Supply – Job work – Manufacture -
Person – services – supplier.
Unit III: Concept of Supply (10 HOURS)
Meaning and Scope of Supply under Section 7 of the CGST Act – Inward and Outward Supply –
Composite Supply – Principal Supply - Mixed Supply – Tax liability under Section 8 -
Determination of Nature of Supply under Section 7 of the IGST Act – Intra-state supply under
Section 8 of the IGST Act - Activities to be treated as supply even if made without consideration
(Schedule I to the CGST Act) – Activities to be treated as supply of goods or supply of services
(Schedule II to the CGST Act) – Activities or transactions which shall neither be treated as a
supply of goods nor a supply of services (Schedule III to the CGST Act)
Unit IV: Registration under GST (10 HOURS)
Persons liable for registration – Aggregate turnover - Persons not liable for registration –
compulsory registration cases under Section 24 of the CGST Act – Procedure for registration
including verification of the application and approval – Method of authentication of information
- Issue of Registration Certificate including Goods and Services Tax Registration Number –
Separate registration for multiple business verticals within a state - Deemed Registration – Suo
Moto Registration – Assignment of Unique Identity Number to certain special entities –
Amendment of registration – cancellation of registration – revocation of cancellation of
registration
Unit V: Composition levy. (10 HOURS)
Applicability – Rate of tax of the composition levy – Conditions and restrictions for opting for
composition levy – Validity of composition levy.

BOOKS FOR REFERENCE:

1. Indirect Tax Laws- Bangar’s Publication- Dr. Yogendra Bangar, Dr. Vandana Bangar
2. Students guide to Income Tax (including GST- Taxman’s publication- Dr. Vinod Singhania and Dr.
Monica Singhania
3. Business Taxation- Dr. Ravi MN, Mr. Bhanu Praksh B.E, Dr. Suman Shetty N
 I B.COM – I SEMESTER
Tax Procedure and Practices Practical
Income tax And GST I
NUMBER OF HOURS PER WEEK: 2 NUMBER OF CREDITS: 1

LIST OF PRACTICALS
Part 1: Income Tax
1. Rules of Residence
2. Incidence of tax based on residence
3. Exemption under section 10 I
4. Exemption under section 10 II
5. Chapter VI A Deductions I
6. Chapter VI A Deduction II
7. Income from salaries I
8. Income from salaries II

Part 2: Goods and Service Tax

1. Simple Problems on computation of Aggregate Turnover for eligibility for registration
2. Simple Problems on applicability of composition levy
3. Form GST REG-01 Part A – Application for Registration
4. Form GST REG-01 Part B – Application for Registration
5. Form GST REG-14 – Application for amendment of registration
6. Form GST REG 16 – Application for cancellation of registration
7. Form GST CMP-01 – Intimation upon provisional registration to opt for composition levy
8. Form GST CMP-02 – Option for composition levy prior to the commencement of
financial year
9. Form GST CMP-03 – Details of stock held on the day preceding the date from which
composition levy is opted for.
10. Form GST CMP-04 – Intimation for withdrawal from Composition scheme.

Books for references:

1. Direct Tax Law and Practice- - Taxman’s Publication
2. Income Tax law and practice- taxman’s Publication
3. Income Tax law and practice- V.P. Gaur, D.B. Narang, Puja Gaur, Rajeev Puri
4. Indirect Tax Laws- Bangar’s Publication- Dr. Yogendra Bangar, Dr. Vandana Bangar
5. Students guide to Income Tax (including GST- Taxman’s publication- Dr. Vinod Singhania and Dr.
Monica Singhani
 B. COM – II SEMESTER
Tax Procedure and Practices – III
Income Tax Law and Practice- II
NUMBER OF HOURS: 4 NUMBER OF CREDITS: 2

Unit 1: Income from House Property. (10HOURS)

Basis of Charge under Section 22 – Meaning of Gross Annual Value and Net Annual Value –
Deductions under Section 24 – Deemed Owner under Section 27 – Joint Ownership – Arrears of
Rent – Unrealised Rent.
Unit 2: Depreciation under income tax Act. (08 HOURS)
Conditions for allowing depreciation – Block of Assets – Rates of Depreciation – Meaning of
‘Actual Cost’, ‘Moneys Payable’ – Enhanced Depreciation.
Unit 3: Computation of income from business or profession with reference to Individual
Assessee. (10 HOURS)
Meaning of ‘Business’, ‘Profession’ – Basis of Charge under Section 28 – Admissible
Expenditure – Inadmissible Expenditure – Profits chargeable to tax under Section 41 –
Maintenance of Books of account – Audit of Books of Account – Presumptive Provisions for
Business, Profession and business of goods carriage.
UNIT 4: Computation of income from capital gains.Computation of Income from Other Sources.
(10 HOURS)
Basis of Charge under Section 45 – Meaning of ‘Capital Assets’, ‘Transfer’ – Meaning of Full
Value of Consideration, Cost of Acquisition, Cost of Improvement, Indexation – Capital Gains
on Depreciable Assets – Exemptions from Capital Gains – Computation of Capital Gains of
Immovable Property – Slum Sale – Advance Money received – Reference to Valuation Officer.
Basis of Charge under Section 56 – Dividends, taxation and exemption thereof – Taxation of
gifts – Deductions available under Section 57 – Amounts not deductible under Section 58.
Unit 5: computation of total income as applicable to individual assesse. (10 HOURS)
Clubbing of income set off and carry forward of losses.Clubbing provisions – revocable and
irrevocable transfers – Income of other persons.Set off and Carry forward of losses – Setting off
within a head of income – setting of between heads of income – setting off between years of
income – Unabsorbed depreciation.Computation of Total Income – Definitions of ‘Gross Total
Income’and ‘Total Income’
Books for references:
1. Direct Tax Law and Practice- - Taxman’s Publication
2. Income Tax law and practice- taxman’s Publication
3. Income Tax law and practice- V.P. Gaur, D.B. Narang, Puja Gaur, Rajeev Puri
 I B.COM – II SEMESTER
Tax Procedure and Practice – IV
Goods and Services Tax – II
NUMBER OF HOURS PER WEEK: 4 NUMBER OF CREDITS: 2

Note: Sections and Rules mentioned in the Syllabus are subject to changes depending upon
amendments done from time to time to the respective laws.
Unit I: Levy and Collection of Tax and concept of reverse charge (10 HOURS)
Charge of CGST under Section 9 of the CGST Act – Charge of IGST under Section 5 of IGST
Act – Levy and Collection under Section 9 of the KGST Act - Section 9(3) and 9(4) of the CGST
Act – List of goods where reverse charge is applicable – List of services under reverse charge –
Exemption to reverse charge as per Central Government Notification.
Unit II: Time of Supply (10 HOURS)
Time of Supply of goods under Section 12 of the CGST Act – Time of Supply of services under
Section 13 of the CGST Act – Change in rate of tax in respect of supply of goods or services.
Unit III: Place of Supply (10 HOURS)
Place of business - location of supplier of services – location of recipient of services – Place of
supply of goods other than supply of goods imported into or exported out of India – Place of
supply of goods imported into or exported out of India – Place of supply of services where
location of supplier and recipient is in India – Place of supply of services where location of
supplier or location of recipient is outside India.
Unit IV: Value of Taxable Supply (10 HOURS)
Specific inclusions – Discount – Value of supply of goods/services where consideration is not
wholly in money – Value of supply of goods/services or both between distinct or related persons,
other than through an agent – Value of supply of goods received through an agent – Value of
supply of goods or services or both based on cost – Residual method for determination of value
of supply of goods or services or both – Determination of value under Rule 32 – Value of supply
of services in the case of a pure agent.
Unit V: E-Way Bills (08 HOURS)
Meaning of E way bill – When should e-way bill be generated – ‘Supply’ in case of e-way bill -
Who can generate e-way bills – Validity of an e-way bill.
BOOKS FOR REFERENCE:
1. Indirect Tax Laws- Bangar’s Publication- Dr. Yogendra Bangar, Dr. Vandana Bangar
2. Students guide to Income Tax (including GST- Taxman’s publication- Dr. Vinod Singhania and Dr.
Monica Singhania
3. Business Taxation- Dr. Ravi MN, Mr. Bhanu Praksh B.E, Dr. Suman Shetty N
 I B.COM – II SEMESTER
Tax Procedure and Practices Practical
Income tax And GST II
NUMBER OF HOURS PER WEEK: 2 NUMBER OF CREDITS: 1

LIST OF PRACTICALS:

Part 1:
1. Computation of taxable income when the net salary is received is given along with
different allowances and perquisites.
2. Computation of income from salary when the salary scale is given along with different
allowances and perquisites.
3. Computation of income from salary when the assesse retires in the middle of the previous
year and gets encashment of earned leave, pension, commuted value of pension, gratuity,
refund from the unrecognized provident fund etc.
4. Computation of income from salary when the assesse leaves one employer and joins
another employment and receives different allowances and perquisites. Computation of
salary when the provident fund is super annuation, recognized, unrecognized.
5. Computation of profit and gains.
6. Computation of capital gains
7. Commutation of income from other sources.

Part 2:
1. Simple Problems on computation of GST – CGST, SGST, UTGST and IGST
2. Simple Problems on applicability of Reverse Charge Under Section 9(3)
3. Simple Problems on applicability of reverse charge under Section 9(4)
4. Simple Problems on identifying Time of Supply
5. Simple Problems on identifying time of supply when there is change of rate of tax
6. Simple Problems of computing value of goods/services where consideration is not wholly
in money.
7. Simple Problems of computing value of goods/services between distinct or related
persons.
8. Simple Problems of computing value of goods received through an agent.
9. Form GST INS-1
Books for references:
1. Direct Tax Law and Practice- - Taxman’s Publication
2. Income Tax law and practice- taxman’s Publication
3. Income Tax law and practice- V.P. Gaur, D.B. Narang, Puja Gaur, Rajeev Puri
4. Indirect Tax Laws- Bangar’s Publication- Dr. Yogendra Bangar, Dr. Vandana Bangar
5. Students guide to Income Tax (including GST- Taxman’s publication- Dr. Vinod Singhania and Dr.
Monica Singhania
 II B.COM – III SEMSTER
Tax Procedure and Practices – V
Income Tax Law and Practice- III
NUMBER OF HOURS PER WEEK: 2 NUMBER OF CREDITS: 2

Unit 1: Computation of tax on total income (10 HOURS)

Normal Rate and Special Rate of tax as applicable to Resident Assesses i.e individuals, Hindu
Undivided families, partnership firms. Aggregation of Agricultural Income for the rate purposes
Rebates and Reliefs (excluding double taxation relief in the case of share of income from
Association of persons)
UNIT 2: Tax Deduction at source (10 HOURS)
Deduction of Income Tax at source from the amount payable to Residents, Persons responsible
to deduct tax at source. When to deduct, rates of tax, exemptions, deduction at lower rate
applying to Assessing officer, filling of self-declaration Form, Remittance of Tax, Issue of
certificate of deduction of tax at source, filing of annual return, periodical statement, application
for tax deduction account number, consequences of non-deduction or short deduction or non /
short remittance of tax, interest and penalty thereof.
UNIT 3: Tax collection at source (10 HOURS)
Collections of Income Tax at source, as applicable to residents, persons responsible to collect tax
at source, when to collect, rates of tax, emptions, collection at lower rate by applying to assessing
officer, fillingself-declaration forms for non-collection. Remittance of Tax, Issue of certificate
for collection of tax at source, Filling of Annual Return/periodical statement, Application of Tax
Collection Account Number, Consequences of non-collection or short collection or non/ short
remittance of tax interest and penalty thereof.
UNIT 4: Payment of Advance Tax (10 HOURS)
Computation of Estimated Income, Exemption, Due dates to remit, Quantum of advance tax
payable, Payment of advance tax on receipt of notice by assessing offices and procedure thereof.
(12 HOURS)
Unit 5: Income tax authorities their powers in general jurisdiction of Authorities. (08 HOURS)

Books for Reference:

1. Direct Tax Law and Practice- - Taxman’s Publication
 2. Income Tax law and practice- taxman’s Publication
3. Income Tax law and practice- V.P. Gaur, D.B. Narang, Puja Gaur, Rajeev Puri

II B.COM – III SEMESTER

Tax Procedure and Practice - VI
Goods and Services Tax- III
NUMBER OF HOURS: 4 NUMBER OF CREDITS: 2

Note: Sections and Rules mentioned in the Syllabus are subject to changes depending upon
amendments done from time to time to the respective laws.

Unit I: Input Tax Credit I (10 HOURS)

Eligibility and conditions for taking input tax credit – Apportionment of credit and blocked
credits – Availability of credit under special circumstances under Section 18 of the CGST Act –
Documentary requirements and conditions for claiming input tax credit – Reversal of input tax
credit in the case of non-payment of consideration – Discrepancies in claim of Input tax credit
and reversal of such claim.
Unit II: Input Tax Credit II (10 HOURS)
Taking input tax credit in respect of inputs and capital goods sent for job work – Manner of
distribution of credit by Input service distributor – Manner of claiming credit under special
circumstances under Rule 40 - Anti profiteering measure under Section 171.
Unit III: Accounts and records in GST (10 HOURS)
Maintenance of accounts by registered persons – Generation and maintenance of electronic
records – Records to be maintained by owner or operator of godown or warehouse or
transporters - Issue of tax invoice under Section 31 of the CGST Act – Components of a Tax
invoice – Time Limit for issuing tax invoice – Manner of issuing invoice – Bill of supply –
Receipt voucher – Refund voucher – Revised tax invoice - Transportation of goods without issue
of invoice - Credit notes and debit notes – Accounts and records to be maintained under Section
35 – Period of retention of accounts.
Unit IV: Returns under GST. (10 HOURS)
Time limits – Form and manner of furnishing details of outward supplies – Form and manner of
furnishing details of Inward Supplies – Concept of Form GSTR-1A and GSTR-2A - Furnishing
of returns under Section 39 of the CGST Act – Claim of input tax credit and provisional
acceptance thereof – matching, reversal and reclaim of input tax credit – Annual return – Final
return – Levy of late fee – Goods and Service tax practitioners.
Unit V: Casual Taxable Person and Non-resident taxable person (08 HOURS)
Special provisions in relation to casual taxable person and non-resident taxable person – meaning
– registration – filing of returns.

BOOKS FOR REFERENCE:

1. Indirect Tax Laws- Bangar’s Publication- Dr. Yogendra Bangar, Dr. Vandana Bangar
2. Students guide to Income Tax (including GST- Taxman’s publication- Dr. Vinod Singhania and Dr.
Monica Singhania
3. Business Taxation- Dr. Ravi MN, Mr. Bhanu Praksh B.E, Dr. Suman Shetty N
 II B.COM – III SEMESTER
Tax Procedure and Practices Practical
Income tax And GST III
NUMBER OF HOURS PER WEEK: 2 NUMBER OF CREDITS: 1

LIST OF PRACTICALS:
PART 1:
1. Filling application form to obtain tax deduction account number
2. Calculation of tax to be deducted at source and filing periodic/ annual filing return of
TDS
3. Filling of tax declaration form for lower or no deduction of tax
4. Filling of tax deduction certificate
5. Application for tax collection account number
6. Calculation of tax collection at source filling of annual/ periodical return
7. Application to the AO to collect tax at lower rate
8. Filling of certificate of collection of tax at source
9. Calculation of Advance tax on estimated income and filling the Challan for payment of
advance tax
10. Filling Challan for deposit of Tax

PART 2:
1. Simple Problems on computation of input tax credit
2. Form GSTR-1 – Return of Outward Supplies
3. Form GSTR-2 – Details of Inward Supplies added, corrected or deleted by the recipient
4. Form GSTR-3 – Monthly GST returns
5. Form GSTR-9 – Annual Return
6. Form GSTR-9A – Annual Return for a Composition Supplier
7. Form GSTR-5 – Return to be furnished by a non-resident taxable person
8. Form GST REG-07 – Application for Registration by persons required to deduct tax at
source or collect tax at source.
9. Form GST REG-11 – Form for extension in period of operation by casual taxable person
and non-resident taxable person.
10. Form GSTR-4 – Quarterly returns of the composition supplier
Books for Reference:
1. Direct Tax Law and Practice- - Taxman’s Publication
2. Income Tax law and practice- taxman’s Publication
3. Income Tax law and practice- V.P. Gaur, D.B. Narang, Puja Gaur, Rajeev Puri
4. Indirect Tax Laws- Bangar’s Publication- Dr. Yogendra Bangar, Dr. Vandana Bangar
5. Students guide to Income Tax (including GST- Taxman’s publication- Dr. Vinod Singhania and Dr.
Monica Singhania
 II B.COM – IV SEMESTER
Tax Procedure and Practices – VII
Income Tax Law and Practice- IV
NUMBER OF HOURS PER WEEK: 4 NUMBER OF CREDITS: 2

Unit 1: Filing of Return of Income (10 HOURS)

compulsory filling of return, loss return, belated return, revised return, filing of return on receipt
of notice, defective return, invalid return, signing of return, due dates to file the return,
prescribed from, permanent account number, who is required to apply, significance of number
where to quote the number, transaction where permanent number is to be quoted penalty for
filing of return, penalty of non-application for permanent account number.
Unit 2: Assessment procedure (10 HOURS)
Assessment Procedure, Payment of Self-Assessment Tax, Inquiry before Assessment, Intimation,
r\Regular Assessment, Best Judgement Assessment, Income Escaping Assessment, Rectification
of mistake, Time limit to issue limitation period to complete assessment/ rectification, issue of
demand notice remittance of amount demanded, assesse in default, consequences of non-
remittance of tax demanded. (Excluding the provisions regarding recovery of tax).
Unit 3: Assessment of Firms (10 HOURS)
Meaning of firm, partner conditions interest and remuneration payable to partners, computation
of income and Tax option to compute the income on estimated basis as applicable to common
assesse like at present civil contract, goods carriage, retail trade company, meaning of company
in Indian company, domestic company, company in which the public are substantially interested,
closely held company, minimum alternative tax, computation of income tax on distributed
profits.
Unit 4: Calculation of interest (08 HOURS)
Calculation of interest, interest payable to government, for late filing of return default in payment
of advance tax, determent of advance tax, excess refund, delay in remittance of tax on distributed
profits, interest payable to Assesse.
Unit 5: Computation of self-Assessment Tax (10 HOURS)
computation of amount to be demanded, claiming Refund of Tax. Compulsory maintenance of
books of accounts, compulsory audit. Appeals under Income Tax Act- Applicable orders-
procedures- powers- revision by commoner ) excluding provisions regarding settlement
commission, repetitive appeals, advance ruling and authorized representatives).
Books for Reference:
1. Direct Tax Law and Practice- - Taxman’s Publication
2. Income Tax law and practice- taxman’s Publication
3. Income Tax law and practice- V.P. Gaur, D.B. Narang, Puja Gaur, Rajeev Puri
 II B.COM – IV SEMESTER
Tax Procedure and Practice VIII
Goods and Services Tax – IV
NUMBER OF HOURS PER WEEK: 4 NUMBER OF CREDITS: 2

Note: Sections and Rules mentioned in the Syllabus are subject to changes depending upon
amendments done from time to time to the respective laws.

Unit I: Payment of tax (10 HOURS)

Payment of tax, interest, penalty and other amounts – Electronic Liability Register – Electronic
Credit Ledger – Electronic Cash ledger - Interest on delayed payment of tax – Tax deduction at
source under Section 51 of the CGST Act – Collection of tax at source under Section 52 –
Transfer of input tax credit – Refund of tax – Refund of integrated tax to international tourist -
Consumer Welfare Fund – Letter of Undertaking for export without payment of tax.
Unit II: Assessment (10 HOURS)
Self-assessment – Provisional assessment – Scrutiny of returns – Assessment of non-filers of
returns – Assessment of unregistered persons – Summary assessment in certain special cases –
Audit by tax authorities – Special audit under Section 66 of the CGST Act.
Unit III: Inspection, search, seizure and arrest (08 HOURS)
Inspection, search, seizure and arrest - Inspection of goods in movement – Access to business
premises.
Unit IV: Appeals and revision (10 HOURS)
Appeals to Appellate Authority – Application for appeal – Appeal fees – Proceedings before the
Appellate authority – Constitution of appellate tribunal and benches thereof – Appeals to
Appellate Tribunal - Procedure before the Appellate Tribunal – Orders of the Appellate Tribunal
– Appearance by Authorized Representative – Appeal to High Court – Appeal to Supreme Court.
Unit V: Comprehensive Problems on GST (10 HOURS)
Problems to cover valuation, computation of tax and availing of input tax credit.

BOOKS FOR REFERENCE:

1. Indirect Tax Laws- Bangar’s Publication- Dr. Yogendra Bangar, Dr. Vandana Bangar
2. Students guide to Income Tax (including GST- Taxman’s publication- Dr. Vinod Singhania and Dr.
Monica Singhania
3. Business Taxation- Dr. Ravi MN, Mr. Bhanu Praksh B.E, Dr. Suman Shetty N
 II B.COM – IV SEMESTER
Tax Procedure and Practices Practical
Income tax And GST IV
NUMBER OF HOURS PER WEEK: 2 NUMBER OF CREDITS: 1

LIST OF PRACTICALS:
PART 1:
1. Filling application for the allotment of permanent account number
2. Calculation of total income and tax liability and filling concerned form for filling return
of income.
3. Challan for payment of self-assessment tax.
4. Computation of tax liability of firms and filling annual return of income.
5. Computation of tax liability of company: on total income and under MAT and filing
annual return of income.
6. Calculation of tax on distributed profit and filling the challan for payment of tax.
7. Calculation of interest under different cases and filing challan for payment.
8. Filling form for claiming refund of tax application to make appeal under IT Act.

Part 2:
1. Problems on computation of interest on GST
2. Problems on computation of interest on GST Refund.
3. Form GST RFD-11 – Letter of undertaking for export of goods or services
4. Form GSTR-7 – Details of tax deducted at source by the deductor
5. Form GSTR-8 – Details of tax collected at source by an e-commerce operator
6. Form GST PMT 01 – Electronic Liability Register
7. Form GST PMT 02 – Electronic Credit Ledger
8. Form GST PMT 05 – Electronic Cash Ledger
9. Form GST RFD 01 – Application for Refund
10. Form GST APL-01 – Appeal to the Appellate Authority
11. Form GST APL-05 – Appeal to the Appellate Tribunal
12. Comprehensive Problems on GST
Books for Reference:
1. Direct Tax Law and Practice- - Taxman’s Publication
2. Income Tax law and practice- taxman’s Publication
3. Income Tax law and practice- V.P. Gaur, D.B. Narang, Puja Gaur, Rajeev Puri
4. Indirect Tax Laws- Bangar’s Publication- Dr. Yogendra Bangar, Dr. Vandana Bangar
5. Students guide to Income Tax (including GST- Taxman’s publication- Dr. Vinod Singhania and Dr.
Monica Singhania
 III B.COM – V SEMESTER
Tax Procedure and Practice X
Income Tax Law – V
NUMBER OF HOURS PER WEEK: 4 NUMBER OF CREDITS: 2
Note: Sections and Rules mentioned in the Syllabus are subject to changes depending upon
amendments done from time to time to the respective laws.

Unit I - Assessment of Charitable Institutions (10 HOURS)

With reference to Definition of Charitable purpose-Registration i.e. application of registration,
time limit, cancellation – Income of Institutions i.e. Voluntary Contributions, Contributions to
Corpus, Income arising out of assets held, Income from Capital Assets and reinvestment thereof
– Application of Income i.e. Applications revenue in nature, Application capital in nature,
Depreciation – Accumulation of Income - Deferment of Application – Accumulation of Funds
for Accumulation within a specified period – Investment of funds in specified securities etc –
restrictions on use of funds/income in favour of specified persons – Audit of Accounts –
Computation of Income and Tax thereon – Anonymous Donations and tax thereof
Unit II Assessment of Association of Persons (10 HOURS)
Assessment of Association of Persons under the Income tax Act; Computation of Taxable
Income and share of member of Association of Persons; Exemption of share of a member;
Charge of Tax.
Unit III Assessment of Co-operative Society (08 HOURS)
Computation of Taxable Income and tax liability; Deductions in respect of Co-operative
Societies.
Unit IV Special Provisions under the Income tax law to curb avoidance of tax. (10 HOURS)
Mode of taking certain loans, deposits and specified sum (Section 269SS) – Mode of undertaking
transactions (Section 269ST) – Mode of repayment of loans or deposits (Section 269T) –
Obligation to furnish statement of financial transaction or reportable account (Section 285BA) –
Furnishing of statement of financial transaction under Rule 114E.
(10 HOURS)
Unit V: Penalties under the Income-tax Act. (10 HOURS)
Failure to furnish returns, comply with notices, concealment of incomes including under
reporting or mis-reporting of income - Immunity from imposition of penalty.
Books for Reference:
1. Direct Tax Law and Practice- - Taxman’s Publication
2. Income Tax law and practice- taxman’s Publication
3. Income Tax law and practice- V.P. Gaur, D.B. Narang, Puja Gaur, Rajeev Puri
 II B.COM – IV SEMESTER
Tax Procedure and Practices Practical
Income tax And GST IV
NUMBER OF HOURS PER WEEK: 4 NUMBER OF CREDITS: 2

LIST OF PRACTICALS:
PART 1:
1. Filing up of application form for registration of charitable institution
2. Application of Deferment of Application/Accumulation of income for application within
a specified period – with computation of problems.
3. Computation of Total Income of Charitable Trust
4. Computation of Total Income of Association of Persons
5. Computation of Total Income of Partnership Firm
6. Computation of Total Income and tax along with Filing of Income Tax Returns of
Charitable Institutions
7. Computation of Total Income and Tax along with Filing of Income Tax Returns of
Association of Persons/Cooperative Societies
8. Form No. 61A – Annual Information Return or Statement of Financial Transactions
9. Computation of under-reported income under Section 270A
10. Computation of amount of tax sought to be evaded under Section 271

Books for Reference:

4. Direct Tax Law and Practice- - Taxman’s Publication
5. Income Tax law and practice- taxman’s Publication
6. Income Tax law and practice- V.P. Gaur, D.B. Narang, Puja Gaur, Rajeev Puri
 III B.COM – VI SEMESTER
Tax Procedure and Practice X
Customs Duty
NUMBER OF HOURS PER WEEK: 4 Number of credits: 2

Unit : 1 . (10 hours)

Evaluation & development of customs law Scope & coverage, regulatory framework, nature of
customs duty, types of customs duties
Unit : 2. (10 hours)
Classification of goods under Customs Tariff Act. Prohibition on importation and exportation of
goods, relief from payment of custom duty, exemption from custom duty .
Unit : 3 (10 hours)
Valuation for custom duty, methods of valuation for customs , customs value – Inclusion and
exclusion .
Unit : 4 (10 hours)
Import procedure under customs, Export procedure under customs, provisions for baggage ,
import and export through port and carrier.
Unit : 5 (8 hours)
Duty drawback on goods used in manufacture of export products, duty drawback on re-export.
Export provision schemes, SEZ, EOU, EHTP, STP ,BTP.

Books for Reference:

1. GST Law and Practice with Customs and FTP
2. Indirect Tax Laws- Bangar’s Publication- Dr. Yogendra Bangar, Dr. Vandana Bangar