Com5ej313 — Syllabus

• Pre-requisites: Studying the principles of taxation requires a foundational understanding of certain concepts in accounting, finance, and law.

Course Summary This course gives an overview of various principles of taxation, fundamental concepts related to taxation systems, policies, and taxation practice.

• Course Outcomes (CO): CO CO Statement Cognitive Level* Knowledge Category# Evaluation Tools used CO1 Develop solid understanding of the fundamental principles and concepts related to taxation.

U C Examinations Quizzes/ Assignments CO2 Apply taxation concepts and principles to analyse case studies, evaluating the practical implications of different tax policies.

Ap P Assignments CO3 Develop critical thinking skills, enabling them to analyse and solve problems related to taxation.

E P Project Case study

• - Remember (R), Understand (U), Apply (Ap), Analyse (An), Evaluate (E), Create (C) # - Factual Knowledge(F) Conceptual Knowledge (C) Procedural Knowledge (P) Metacognitive Knowledge (M) Detailed Syllabus:

Module Unit Content Hrs I Principles of Taxation 12 1 Meaning - Objectives of Taxation – Effects of taxation on Production distribution and employment 3 2 Cannons of Taxation – Tax- GDP Ratio: Meaning – Significance and determinants – Trends in Tax - GDP Ratio 3 3 Features of Good Taxation System – Tax equity: benefit Principles of Taxation 3 Module Unit Content Hrs 4 Ability to pay - Principles of Taxation – Tax capacity and Tax Effort 3 II Classification of Taxes 15 5 Direct and Indirect Taxes – Relative role of Direct and Indirect Taxes in Indian Economy – Advantages and disadvantages of Direct and Indirect taxes 5 6 OECD classification: Progressive, Proportional and Regressive Taxes – Ad valorem and specific taxes 5 7 An overview of Direct and Indirect Taxes in India 2 8 Central and State Direct and Indirect Taxes - Distinction between direct and indirect taxes 3 III Incidence of Taxation 10 9 Impact and incidence - Meaning – types of Tax incidence - Factors determining extent of tax shifting 3 10 Taxation & efficiency - Excess burden of taxation - Distribution of Tax Burden 3 11 Tax evasion in India - Causes and consequences of tax evasion 2 12 Methods to curb tax evasion 2 IV Double Taxation and Tax Duplication 11 13 International double taxation: Assignment rules of foreign income – Source Vs residence 2 14 Methods to alleviate international tax duplication: Exemption – tax credit method bilateral tax treaty – multilateral tax treaty 4 15 OECD Model & United Nations Model – Tax Convention 2 16 International tax avoidance and evasion - India Law on double Tax Relief 3 V Open Ended Module This open-ended module aims to provide students with the opportunity to explore recent developments in the field of taxation.

Conducting a comprehensive literature review on the chosen topic.

1. Equity and fairness in taxation

2. Applying taxation principles to real-world case studies related to the chosen topic.

1. Contemporary challenges in taxation or: Emerging trends in tax policy 12 References:

1. Dr. Vinod K. Singhania : Direct Taxes - Law and Practice, Taxman publication.

2. Dr. Mehrotra and Dr. Goyal: Direct Taxes - Law and Practice, Sahitya Bhavan Publication.

3. B.B. Lai: Direct Taxes, Konark Publisher (P) ltd.

1. Bhagwathi: Prasad : Direct Taxes - Law and Practice. Wishwa Prakashana.
2. Dinakar: Pagare : Law and Practice of Income Tax. Sultan Chand and sons
3. Gaur &: Narang : Income Tax.