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Quick Facts
| Medium Of Instructions | Mode Of Learning | Mode Of Delivery |
|---|---|---|
| English | Self Study | Video and Text Based |
Course Overview
BCOC-136 Income Tax Law and Practice Certification is to familiarize the students with the Income Tax law and Practice in India. The students will come to know about the rules and regulations of IT Law.
Income tax is a direct tax and is administered by the Government of India through the Ministry of Finance and Central Board of Direct Taxes. The student undertaking this course will gain first-hand knowledge of the Income Tax Act - 1961, Income Tax Rules - 1962, the latest Finance Act and the landmark decisions of the Supreme Court of India & High Courts.
BCOC-136 Income Tax Law and Practice Classes introduces the candidates to Income tax which is one of the direct taxes levied by the Central Government. Thus it becomes necessary for every commerce student to know the meaning of the terms income, previous year, assessment year, total income and also other terms as per the provisions of the IT Act.
The Highlights
- Provided by IGNOU
- Flexible online course
- Free Course
- 15 Weeks Course
Important dates
Course Commencement Date
Start Date : 01 Jan, 2025
Programme Offerings
- Video lectures.
Courses and Certificate Fees
| Certificate Availability |
|---|
| no |
Eligibility Criteria
Educational Qualification
- 10+2 pass candidates
- Candidates appearing or appeared for qualifying exams
- Open to all candidates
Work experience
Work Experience is not required to get enrolled in BCOC-136 Income Tax Law and Practice Classes, even freshers can apply.
What you will learn
After successful completion of the BCOC-136 Income Tax Law and Practice Certification Course the student shall be able to determine the tax liability of a person on the basis of his residence in India in the previous year. The rules for determining residential status are not the same for all individuals.
BCOC-136 Income Tax Law and Practice Training includes how to calculate Income from salary which is one of the main heads of income. Salary means any remuneration paid by the employer to the employee for service rendered. The meaning of salary for tax purposes is very wide. It includes salary or wages, bonus, pension, annuity, gratuity, leave encashment, advance, fees or commission, contribution to provident fund, profit in lieu of salary. Income tax is payable by an Indian citizen on his income earned from various sources during the financial year based on his residential status.
After completion of this BCOC-136 Income Tax Law and Practice Certification by IGNOU, the learning outcomes includes:
- Differentiate between capital and revenue receipts
- Identify categories of assessee
- Determine the residential status of assessee
- Explain different types of incomes
- Determine tax liability
Who it is for
There shall be good job opportunities for these roles below if the relevant students apply for BCOC-136 Income Tax Law and Practice Online Course:
- Tax Policy Analyst
- Manager Direct Tax and Audit
- Legal Executive
- Legal Advisor
- Income Tax Officer
Admission Details
The admission for this course in BCOC-136 Income Tax Law and Practice Certification by IGNOU starts soon. Interested students are requested to enroll in the program by following these steps:
Step 1: Visit the official website
Step 2: Fill up the form on the website
Step 3: Upload all necessary documents
Step 4: Pay the required fee online
Step 5: Wait for confirmation of admission
The Syllabus
- Unit-1: Basic Concepts-I
- Unit-2: Basic Concepts-II
- Unit-3: Residential Status and Tax Liability
- Unit-4: Exempted Incomes
- Unit-5: Salaries-I
- Unit-6: Salaries-II
- Unit-7: Salaries-III
- Unit-8: Income from House Property
- Unit-9: Income from Profit and Gains of Business or Profession-I
- Unit-10: Income from Profit and Gains of Business or Profession-II
- Unit-11: Income from Profit and Gains of Business or Profession-III
- Unit-12: Capital Gains Part-A
- Unit-12: Capital Gains Part-B
- Unit-13: Income from Other Sources
- Unit-14: Aggregation of Incomes (Clubbing of Incomes and Deemed Incomes) and Set off and Carry Forward of Losses
- Unit-15: Deductions from Gross Total Income
- Unit-16: Assessment of Individuals
- Unit-17: Assessment of Firms
- Unit-18: Filing of Return and Tax Authorities
- Unit-19: Online Filing of
- Unit-20: Leading Cases Decided
Instructors
IGNOU Frequently Asked Questions (FAQ's)
The Income Tax Act, 1961 consists of 298 sections and 14 schedules.
The classes for this 15 week course are conducted online via video lectures.
Dr. Madhulika P. Sarkar is the instructor for this course from IGNOU (Indira Gandhi National Open University).
The full form of IGNOU is Indira Gandhi National Open University and was established by an Act of Parliament in 1985 and aims to serve by means of distance and open education to all segments of society.
Income tax is a type of direct tax that the central government levies on the income of Indian citizens. The Income Tax Act, 1961, mandates that the central government collect this tax.