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Syllabus
AT2
Auditing & Taxation - II (Syllabus)
Subject: Auditing & Taxation - II Course Code: 364
1. Income Tax Act- 1961- Important Definitions and Concepts.
Introduction- Features of Income Tax, Scope of Income Tax
Act, and Importance of Income Tax payment for development
of country.
Definitions-Income, Person, Assessee, Deemed Assessee,
Assessment year, Pervious year, Agricultural Income,
Exempted Income, Gross Total Income (GTI) , Total Taxable
Income (TTI), Residential Status of an Assessee, PAN, TAN
Concept of Capital receipts, revenue receipts and capital
expenditure, revenue expenditure.
2. Sources and Computation of Taxable Income under the various Heads of Income
1. Income from Salary – Meaning of salary, Salient features of salary Allowances and tax Liability-
Perquisites and their Valuation, Treatment of provident
fund, Deductions from salary. (Theory and Problems)
2. Income from House Property -Basis of Chargeability,
Types of property, Annual Value Self occupied and let
out property, Deductions allowed (Theory and
Problems)
3. Income from Profits and Gains of Business and
Professions –Definition of Business , profession,
vocation, speculative business, Methods of accounting,
Deductions expressly allowed and disallowed (Theory
And Problems)
4. Income from Capital Gains – Meaning,
Chargeability-definitions- Capital assets, transfer, cost
of acquisition, Cost of Improvement, Short term and
long term capital assets and Capital gains, cost inflation
Index, Deductions allowed. (Theory only)
5. Income from other sources- Chargeability Method of
accounting, deductions, Amounts not deductible.
(Theory And Problems)
3. Computation of Total Taxable Income (TTI)and tax liability
Gross total Income-Deductions u/s-80C, 80CCC to 80 U –
Total Taxable Income, Income Tax calculation of Individual -
(Rates applicable for respective Assessment year), Education
cess and higher education cess, surcharge, etc.(calculation of
tax payable as per old regime and new regime )
4. E-Filing and E- provisions Due dates of filing return, E-filing of income tax return and forms used, advance tax , TDS(Tax deducted at
source),Assessment, AIR (Annual information return), SFT(
Specified financial transactions ).
BRF
Business Regulatory Framework (Syllabus)
1 Negotiable Instruments Act,1881 (14 Lectures)
Concept of Negotiable Instruments: Characteristics,
Meaning Important relevant definitions under the Act
• Definitions, Essentials of promissory note, bill of
exchange and cheque. Distinction between these
instruments. Crossing of cheques – It’s meaning and
types.
• Holder and holder in due course, Privileges of
holder in due course.
• Negotiation, endorsement, kinds of endorsement.
• Liabilities of parties to negotiable instruments.
• Dishonor of N. I., kinds, law relating to notice of
dishonor.
2 E-Contracts (E- Transactions/E- Commerce.):
(06 Lectures
• Significance of E-Transactions /E-Commerce.
Nature, Formation, Legality. Recognition.
(Chapter 4.Sec.11-13 of I T Act,2000 relating to
attribution, acknowledgement, dispatch of E-Records)
• Digital Signatures –Meaning & functions, Digital
Signature, certificates [Sections 35-39]
• Legal issues involved in E-Contracts and personal data
protection (Sec.43 A)
3 The Consumer Protection Act,2019 (14 Lectures
The Consumer Protection Act, 2019
• Salient features of the C.P. Act,2019
• Definitions-Consumer, Complainant, Services, Defect
& Deficiency,
Complainant, unfair trade practice, restrictive trade
practice, unfair contract.
• Consumer Protection Councils.
• Procedure to file complaint & Procedure to deal with
complaint in commissions &
Reliefs available to consumer.(Sec.39)
• Consumer Disputes Redressal Commissions.
(Composition, Jurisdiction,
Powers and Functions.)
4. Intellectual Property Rights (14 Lectures)
Intellectual Property Rights : (IPRs)
• Meaning & importance of IPRs, International efforts in
protection of IPR: WIPO (Objectives & activities) &
TRIPS Agreement: Objectives
• Definition and conceptual understanding of following
IPRs under the relevant Indian current statutes.
• Patent: Definition & concept, Rights & obligation of
Patentee, its term.
• Copyright: Characteristics & subject matter of
copyright, Author & his Rights, term.
• Trademark: Characteristics, functions, illustrations,
various marks, term, internet domain name- Rights of
trademark holder.
• Design: Importance, characteristics, Rights of design
holder.
• Geographical Indications, Confidential Information &
Trade Secrets,
Traditional knowledge—Meaning & scope of these IPRs.
AA2
Advanced Accounting 2 (Syllabus)
Paper: ADVANCED ACCOUNTING – II
Code: 362
1 Final Accounts of Co-operative Societies -
Meaning and Introduction, - Allocation of Profit as per Maharashtra State Co- operative Societies Act. - Preparation of Final Accounts of Credit Co-op. Societies & Consumer Co-op. Societies
2 Branch Accounting -
Concept of Branches & their Classification from accounting point of view. - Accounting treatment of dependent branches & independent branches. - Methods of charging goods to branches. -
3 Recent Trends in Accounting - Forensic Accounting - Accounting for Corporate Social Responsibility - Accounting for Derivative Contracts - Artificial Intelligence in Accounting
4 Analysis of Financial Statements - Ratio Analysis: Meaning - Objectives - Nature of Ratio analysis, Types of Ratios – Profitability, Liquidity, Leverage etc. - Simple Problems on following Ratios: - Gross Profit, - Net Profit, - Operating, - Stock Turnover, - Debtors Turnover, - Creditors Turnover, - Current Ratio, Liquid Ratio, - Debt-
Equity Ratio, - Working Capital to Net worth, Assets Turnover Ratio.
IGED
Indian & Global Economic Development 2 (Syllabus)
Indian & Global Economic Development 2
Unit 1 Human Resources and Economic Development
1.1 Role of Human Resources in Economic Development
1.2 Human Development Index and India
1.3 Concepts of Different Indexes in Quality of Life and
Status of India
1.3.1 Gender Development Index
1.3.2 Gender Inequality Index
1.3.3 Human Poverty Index
1.3.4 Global Hunger Index
Unit 2 Foreign Capital and Economic Development
2.1 Role of Foreign Capital in Economic Development
2.2 Types of Foreign Capital
2.3 Foreign Investment in India Since 2001
2.4 Limitations of Foreign Capital
Unit 3 India’s Foreign Trade and Balance of Payment
3.1 Role of Foreign Trade in Indian Economic Development
3.2 India’s Foreign Trade Since 2001
3.3 India’s Recent Foreign Trade Policy (EXIM Policy)
3.4 Meaning and Components of Balance of Payment
3.5 India’s Balance of Payment Since 2001
3.6 Causes of Unfavorable Balance of Payment
3.7 Convertibility of Indian Rupee – Current and Capital Account
Unit 4 International Financial Institutions & Regional Economic Cooperation
4.1 International Bank for Reconstruction and Development (World Bank) - Objectives and Functions
4.2 International Monetary Fund (IMF) - Organization and
Functions
4.3 World Trade Organization (WTO) - Introduction and
Functions
4.4 South Asian Association for Regional
Co-operation (SAARC) – Introduction and Functions
4.5 BRICS: Introduction and Functions
IE2
International Economics 2 (Syllabus)
International Economics 2
1 Balance of Payment
1.1 Concept of Balance of Trade and Balance of Payments
1.2 Balance of Payment on Current Account and Capital Account
1.3 Causes of Disequilibrium in Balance of Payment
1.4 Measures to Correct Disequilibrium in Balance of Payment
1.5 Convertibility of Rupee on Current and Capital Account
2 Foreign Exchange
2.1 Foreign Exchange Market
2.1.1 Meaning
2.1.2 Functions
2.1.3 Structure
2.1.4 Euro Dollar Market
2.2. Foreign Exchange Rate
2.2.1 Meaning of Foreign Exchange Rate
2.2.2 Fixed and Flexible Exchange Rate- Merits and Demerits
2.2.3 Determination of Foreign Exchange Rate: Purchasing Power Parity Theory
3 International Factor Mobility
3.1 Labor Migration- Meaning, Causes and Effects
3.2 Brain Drain- Concept, Causes and Effects
3.3 Types of Foreign Capital
3.3.1 Foreign Direct Investment
3.3.2 Foreign Institutional Investments
3.4 Problems of Foreign Capital
3.5 Role of Multinational Corporations (MNC’s)
4 International Economic Institutions and Regional Cooperation
4.1 World Trade Organization (WTO): Objectives and Functions
4.2 International Monetary Fund (IMF): Organization and
Functions
4.3 World Bank: Objectives and Functions
4.4 South Asian Association for Regional Cooperation
(SAARC): Objectives and Functions
4.5 BRICS- Introduction and Functions
Recommended Books:
1. Dr.D.M.Mithani – International Economics (Himalaya Publishing house ltd)
2. Bo Sodersten, Geoffirey Reed, International Economics (3rd Edition) Publisher Red Globe Press
3. Kenan, P.B. (1994), The International Economy, Cambridge University Press, London.
4. Kindlberger, C.P. (1973), International Economics, R.D. Irwin, Homewood.
5. Krugman, P.R. and M. Obstgeld (1994), International Economics: Theory and Policy, Glenview, Foresman.
6. Salvatore, D.L. (1997), International Economics, Prentice-Hall, Upper Saddle River, N.J.
7. Sodersten, Bo (1991), International Economics, Macmillan Press Ltd., London.
8. International Economics , M.L. Jhingan
9. Z.M.Jhingan : International Economics (Vrinda Publication)
10. Robert Feenstra, Alan M Taylor, International Trade (5th Edition) Publisher Worth
11. Dr.Mrs.NirmalBhalerao&S.S.M.Desai – International Economics (Himalaya Publishing house ltd)
12. DeminicSalvatove – International Economics