Sr. No. Modules / Units 1 Overview of Macroeconomics Macroeconomics: Meaning, Scope and Importance. Circular flow of aggregate income and expenditure and its Importance- closed and open economy models The Measurement of National Product: Meaning and Importance of National Income Accounting- conventional and Green GNP and NNP concepts -National Income and Economic Welfare. Trade Cycles: Features and Phases Classical Macro economics : Say’s law of Markets - Features, Implications and Criticism 2 Money, prices and Inflation Money Supply: Determinants of Money Supply - Factors influencing Velocity of Circulation of Money Demand for Money : Classical and Keynesian approaches and Keynes’ liquidity preference theory of interest - Friedman’s restatement of Demand for money Money and prices : Quantity theory of money - Fisher’s equation of exchange - Cambridge cash balance approach Inflation : Demand Pull Inflation and Cost Push Inflation - Effects of Inflation- Nature of inflation in a developing economy - policy measures to curb inflation- monetary policy and inflation targeting 3 Introduction to Public Finance Meaning and Scope of Public finance. Major fiscal functions : allocation function, distribution function & stabilization function Principle of Maximum Social Advantage: Dalton and Musgrave Views - the Principle in Practice, Limitations. Relation between Efficiency, Markets and Governments The concept of Public Goods and the role of Government 4 Public revenue, Public Expenditure and Debt Sources of Public Revenue : tax and non-tax revenues Objectives of taxation - Canons of taxation - Types of taxes : direct and indirect - Tax Base and Rates of taxation : proportional, progressive and regressive taxation Shifting of tax burden: Impact and incidence of taxation - Processes- factors influencing incidence of taxation Economic Effects of taxation: on Income and Wealth, Consumption, Savings, Investments and Production. Redistributive and Anti – Inflationary nature of taxation and their implications Public Expenditure: Canons - classification - economic effects of public spending - on production, consumption, distribution, employment and stabilization - Theories of Public Expenditure: Wagner’s Hypothesis and Wiseman Peacock Hypothesis - Causes for Public Expenditure Growth. Significance of Public Expenditure: Social security contributions- Low Income Support and Social Insurance Programmes. Public Debt : Classification - Burden of Debt Finance : Internal and
Revised Syllabus of Courses of B.Com. (Accounting and Finance) Programme at Semester IV with Effect from the Academic Year 2017-2018 1. Elective Courses (EC) Taxation - III (Direct Taxes- II) Modules at a Glance Sr. No. Modules No. of 1 Clubbing of Income 05 2 Set Off & Carry Forward of Losses 05 3 Computation of Tax liability of Individual & HUF 05 4 Computation of Income of Partnership Firm in Relation to Sec: 40(b) & Tax Thereon With Applicable Rate of Tax 15 5 Return of Income – Sec 139 05 6 Tax Deduction at Source Advance Tax Interest Payable 15 7 DTAA U/S 90 & 91 05 8 Tax Planning & Ethics in Taxation 05 Total 60
Sr. No. Modules / Units 1 Significant, Contemporary Rights of Citizens Rights of Consumers-Violations of consumer rights and important provisions of the Consumer Protection Act, 2016; Other important laws to protect consumers; Consumer courts and consumer movements. (3 Lectures) Right to Information- Genesis and relation with transparency and accountability; important provisions of the Right to Information Act, 2005; some success stories. (3 Lectures) Protection of Citizens’/Public Interest-Public Interest Litigation, need and procedure to file a PIL; some landmark cases. (3 Lectures) Citizens’ Charters, Public Service Guarantee Acts. (3 Lectures) 2 Approaches to understanding Ecology Understanding approaches to ecology- Anthropocentrism, Biocentrism and Eco centrism, Ecofeminism and Deep Ecology. (3 Lectures) Environmental Principles-1: the sustainability principle; the polluter pays principle; the precautionary principle. (4 Lectures) Environmental Principles-2: the equity principle; human rights principles; the participation principle. (4 Lectures) 3 Science and Technology –II Part A:Some Significant Modern Technologies, Features and Applications (7 Lectures) Laser Technology- Light Amplification by Stimulated Emission of Radiation; use of laser in remote sensing, GIS/GPS mapping, medical use. Satellite Technology- various uses in satellite navigation systems, GPS, and imprecise climate and weather analyses. Information and Communication Technology- convergence of various technologies like satellite, computer and digital in the information revolution of today’s society. Biotechnology and Genetic engineering- applied biology and uses in medicine, pharmaceuticals and agriculture; genetically modified plant, animal and human life. Nanotechnology- definition: the study, control and application of phenomena and materials at length scales below 100 nm; uses in medicine, military intelligence and consumer products. Part B:Issues of Control, Access and Misuse of Technology. (4 Lectures)
Direct Taxes Law & Practice by V.K. Singhania - Taxman Systematic Approach to Direct Tax by Ahuja & Gupta - Bharat Law House Income Tax Ready Recknoner by Dr .V.K. Singhania - Taxman Direct Tax Laws by T.N. Manoharan - Snow White