Taxation of Financial Services – SYBBI Syllabus

Taxation of Financial Services – SYBBI Syllabus

Modules at a Glance

SR.NO Module
1 Basic Concepts and Definitions of Income Tax Act /    Rules
2 Taxation of income under different heads
3 (a)Provisions for deductions from total income

(b) Provisions regarding TDS

(c) Provisions regarding Advance Tax

4 Service Tax Act

Taxation of Financial Services – Syllabus Overview

SR.NO Module
1 Basic Concepts and Definitions of Income Tax Act /Rules

Section 2 – Assessee, Assessment Year. Assessment, Annual value, Business, Capital asset, Income, Person, Previous year, Transfer.

Section 3 – Previous Year,

Section 6 – Residential Status, Scope Of Total Income, Deemed Income.

Section 10 – Exempted Incomes Exemptions related to specific Head of Income to be covered with Relevant Provisions such as Salary, Income from Other Sources etc.

2 Taxation of income under different heads

Section 15 – 17 – Income from Salary,

Section 22 – 27 – Income from House Property,

Section 28 – 43 – Income from Business & Profession,

Section 44 – 55 – Income from Capital Gain,

Section 56 – 59 – Income from Other Sources.

3 a)Provisions for deductions from total income

Section 80 C – Investment in Government Securities,
Section 80CCC – Pension Fund,
Section 80D – Mediclaim Insurance Premium,
Section 80 DD – Medical Expenditure on Handicapped Relatives,
Section 80E – Interest Paid on Loan Taken for Higher Education,
Section 80G – Donations,
Section 80U – Income earned by Handicapped Assessee.

(b) Provisions regarding TDS
Section 194A – TDS on Interest,
Section 194C – TDS on Payment to Contractor
Section 194H – TDS on Commission
Section 194I – TDS on Rent
Section 194H – TDS on Professional Fees

(c) Provisions regarding Advance Tax
Section 207 – Income Liable to Advance Tax,
Section 208 – Liability of Advance Tax,
Section 209 – Computation of Advance Tax,
Section 210 – Payment of Advance Tax,
Section 211 – Due Dates of Advance Tax

4 Service Tax Act

Section – 65 Definitions

Section – 66B Charge of service tax on and after Finance Act, 2012 Section – 66D Negative list of services

Section – 67 Valuation of taxable services for charging service tax

Section – 67A Date of determination of rate of tax, value of taxable service and rate of exchange Section – 68 Payment of service tax

Section – 69 Registration

Section – 70 Furnishing of returns

Comments

One response to “Taxation of Financial Services – SYBBI Syllabus”

  1. Omkar Avatar
    Omkar

    How can i get paper pattern of taxation in 3rd sem, and send also whsp number plz !

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