Diploma In Taxation Law | Legal Clinics

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Diploma In Taxation Law is 1 year diploma which is pursued after completing graduation. Throughout this course a student learns about various rules and regulations of Taxation. After Diploma In Taxation Law students are able to apply for Financial Advisors, Tax Collector, Tax Managers, Tax Analyst and Tax Accountants For taking admission in Diploma in Taxation Law a student must have completed graduation. Diploma In Taxation Law consist of following subjects:
1) Book Keeping And Accountancy
2) Income Tax Axt, 1961
3) General Laws Affecting Taxation
4) Integrated Goods And Services Act
5) Wealth Tax Act, Central Excise Act And Service Act

Weightage of theory exam of Diploma In Taxation Law is 100 marks.Student should score atleast 35% marks to pass the exam.

Syllabus Of Book Keeping and Accountancy

CONSTITUTIONAL LAW:
- Salient features of Indian Constitution
- Relevant provisions as given below for enactment of taxation laws
HINDU LAW:
- Application of Hindu Law
- Sources and schools of Hindu Law
- Joint Family Coparcenery & Coparcenery property (with reference to Mitakshara Law & Dayabhaga Law)
- Hindu Succession Act 1956
  - Kinds of legal heirs & Section 6 – Devolution of interest in Mitashara Coparcenery Property
  - Section 8 – Succession to property of male Hindu
  - Succession of property of female Hindu – Section 15 including Stridhan
  - Testamentary Succession – Section 30
INDIAN PARTNERSHIP ACT, 1932:
- Definitions of Partnership, Partner-Firm & Firm name. Essentials of Valid Partnership.
- Relations of partners to one another. Effect of admission of minor to the benefits to Partnership.
- Relation of partners to third parties.
INDIAN TRUST ACT, 1882:
- Classification of Trust
- Settler, Trustee and Beneficiary
- Essentials of a valid Trust
- Powers and Duties of Trusties
- Obligations in the nature of Trusts
TRANSFER OF PROPERTY ACT, 1882:
- Concept of immovable property
- Transfer of immovable property through sale
- Transfer by Gifts, Liability of Universal Donee
- Fraudulent transfer
- Transfers of actionable claims
A) INDIAN EVIDENCE ACT, 1872:
- Concept, Definition and Kinds of Evidence
- Opinions of experts
- Facts which need not to be proved
- Public and Private Documents
- Burden of proof
- Examination and cross examination of witnesses
B) INDIAN SUCCESSION ACT, 1925:
- Definition of Will and Probate
- Execution of privileged and unprivileged wills
- Registration of wills
- Procedure regarding probate, letters of administration & succession certificates
C) CODE OF CIVIL PROCEDURE, 1908 (AMENDED UP TO DATE):
- Application of Doctrine of Res-judicata to taxation laws (Sec 11)
- Summons (Sec 27 to 32)
- Order No. V
  - Issue of Summons – Rule No. 1 to 8
  - Service of Summons – Rule No. 9 to 30
  D) Inherent powers of authorities conducting judicial proceedings & limitations (Section 151)

Syllabus Of Income Tax Act, 1961

Definitions (Section 2) Agricultural Income, Assesses, Assessment Year, Capital Assets, Dividend, income, Person, Previous year
Basis of charge (Sections 4 to 9)
Incomes, which do not form part of total Income (Section 10 to 13A)
Computation of Total Income (Section 14 to 59)
- Salaries
- Income from House property
- Profits & Gains From business or Profession
- Capital Gains
- Income From Other sources
Income of other persons, included in Assessee’s total income (Section 60to 65)
Aggregation of income & set off or carry forward of loss (Section 66to 80)
Deduction to be made in Computing Total Income Section 80 A to 80 U)
Special provision relating to certain incomes of Non-Residents (Section 115 C to 115 I)
Income Tax authorities (Section 116to 138)
Procedure for Assessment (Section 139to 158)
Special Procedure for Assessment of Search Cases (Sec.158 B to 158 B1)
Liability in Special Cases (Sections 159 to 178)
Special Provisions applicable to firms (Sections 184 to 189 A)
Collection & Recovery of Tax (Sections 190 to 234 D)
Refunds (Sections 237 to 245)
Appeal and Revision (Section 246 to 269)
Penalties imposable (Sec 270 to 275)
Offences and Prosecution (Sec 275 A to 280)

Syllabus Of The Integrated Goods and Services, Tax Act, 2017

short title, extent and commencement, aims, application section 2, definitions sub 1 to 25
Administration : section 3 and 4
Levy and collection of Tax section 5 and 6
Determination of nature of supply section 7 to 9
Place of supply of Goods or Services, or Both Sections 10 to 14
Refund Integrated Tax to international Tourist Section 15
Zero-rated supply section 16 sub. Section 1 to 3(a) (b)
Appointment of Tax and settlement funds sections 17 to 19
Miscellaneous sections 20 to 25

Syllabus Of The Customs Act, 1962

Preliminary – Section 1 and 2
Officers of Customs – section 3 to 6
Appointment of Customs Ports AIR Ports, Warehousing Stations ETC – section 7 To 10
Prohibitions on Importation and Exportation of Goods – section 11.
- Detection of Illegally Imported Goods ans Prevention of The Disposal Thereof Sections 11(A) to 11(C), 11(E) and 11(F)
- Prevention and Detection of Illegal Export of Goods section 11 (H) to 11(M)
- Power of Exempt From the Provisions of Chapters IV.A and IV.B section 11(H)
Levy of Exemption from Customs Duties Section 12 to 28B
- Indicating amount of duty in the price of Goods etc. for Purpose of Refund Section 28.C , 28.D
- VB Advance Rulings sections 28.E To 28.M
Provisions Relating to Conveyances Carrying Imported or Exported Goods Services 29 to 43
Clearance of Imported and Exported Goods section 44 ODS sections 45 to 49, Clearance of Exported Goods Sections 50 to 51
Goods in Transit Sections 52 to 56
Warehousing Sections 57 to 73
Drawback Section 74 to 76
- Special Provisions Relating to Special Economic Zone sections 76(A) to 76 (N)
Special Provisions Regarding Baggage Goods Imported or Exported by Post and Stores , Baggage Sections 77 to 81, Goods Imported or Exported by Post Sections 82 to 84, stores Sections 85 to 90
Provisions Relating to the Coastal Goods and Vessels Carrying Coastal Goods Sections 91 to 99
Searches, Seizure and Arrest Sections 100 to 110
Confiscations of Goods and Conveyance and Imposition of Penalties Section 111 127.
- Settlement of Cases Sections 127-A to 127-N
Appeals and Revision Sections 128 to 131- C
Offences and Prosecutions Sections 132 to 140 A
Miscellaneous Sections 141 to 161

Syllabus Of Book Keeping And Accountancy

Fundamental of Double-Entry Book-Keeping:
- Meaning of Bookkeeping, definition objectives, Double entry principles, important terms of the Double Entry System.
- The journal & the ledger including subsidiary books of accounts.
- Trial Balance & final accounts i.e. Trading, Profit and loss account & balance Sheet.
- Rectification of Errors.
Recording of Banking Transactions- Types of Cash Book- Cash Columns, Cash & Bank column & cash, bank, discount columns, preparation of Bank Reconciliation Statement.
Single Entry System of Accounts and Preparation of Accounts from Incomplete records.
Partnership Accounts including Dissolution of Partnership.
Companies Accounts:
- Share Capital of a Company
- Procedure of raising share capital, entries regarding application, Allotment, calls, forfeiture of shares, re-issues of forfeiture of Shares, issue of shares at premium and at a discount
Accounts of Non-Trading Organization: Preparation of an Income AND Expenditure Account from Receipt and Payment Accounts. –
- Clubs
- Professional (i.e. Lawyers and Doctors) only.