B.Com. (Banking and Insurance) Income Tax Return ITR Filing Syllabus - Mumbai University
This is the SY BBI syllabus under NEP 2020, in force from the academic year 2025-26. The University still sets the earlier Choice Based papers alongside it for ATKT candidates, so check which scheme your exam form names before you revise.
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Syllabus for Income Tax Return ITR Filing
Module I: Fundamentals of ITR Filing
- Unit 1: Introduction to Income Tax & Taxpayer Categories: Basics of income tax, Residential status and tax liability, Overview of taxable income sources
- Unit 2: Types of ITR Forms & Their Applicability: ITR-1 to ITR-7: Who should file?, Selection of the appropriate ITR form, Common mistakes and consequences of incorrect filing
Module II: E-Filing & Tax Planning in Banking & Insurance
- Unit 1: Online ITR Filing Process: Steps for e-filing on the Income Tax portal, Documents required for filing, Understanding Form 16, 26AS, AIS & TIS
- Unit 2: Tax Deductions, Exemptions & Compliance in Banking & Insurance: over view of Section 80C to 80U deductions, Tax implications on insurance policies & banking instruments, Assessment, rectification & refund procedures
Reference Books
- 1 Income Tax Manual by V.S. Datey
- 2 Income Tax Law & Practice by Dr. Vinod K. Singhania and Dr. Kapil Singhania
- 3 Taxmann’s Income Tax Guide by Taxmann Publications
- 4 The Law and Practice of Income Tax by Kanga and Palkhivala
- 5 Filing Income Tax Returns for Dummies by M.S. Parthasarathy.
Reproduced from the University of Mumbai syllabus for B.Com. (Banking & Insurance) under NEP 2020, in force from the academic year 2025-26. Wording is as printed in that syllabus. Module numbering is as printed there too.
The complete syllabus
This subject is cut from the University circular for its year. Open a document here if you want the whole thing rather than a single subject.