B.Com. (Accountancy) Direct and Indirect Taxation I Syllabus - Mumbai University
This is the TY BCom Accountancy syllabus under NEP 2020, in force from the academic year 2026-27. The University clubbed this degree with B.Com., B.Com. (Business Economics) and B.Com. (Business Management) on 25 May 2026 and now awards it as B.Com. (Commerce and Management), with Accountancy as the Major: the papers below are the ones its own Board of Studies sets, so your exam form may name the degree differently from your admission letter.
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Syllabus for Direct and Indirect Taxation - I
Module I: Basic Concepts and Salaries
- Introduction to Income Tax Act 2025 including the rationale, basic framework and key highlights
- Major Definitions – assessee, person, income, tax year, total income
- Basis of charge – Section 4, 5, 6, 7, and 9 read with Schedule I
- Incomes not included in total income – Schedules I to VIII
- Income from Salary – Section 15, 16 and 19
Module II: Income from House Property and Capital Gains
- Income from house property – Section 20
- Determination of annual value including arrears and unrealized – Section 21 and 23
- Deductions from income from house property – Section 22
- Property owned by co-owners and Interpretation – Section 24 and 25
- Capital Gains – Section 67
- Transactions not regarded as transfer – Section 70
- Withdrawal of exemption in certain cases – Section 71
- Mode of computation of capital gains – Section 72
- Cost and special provisions with respect to depreciable assets – Section 73 to 75
- Special provision for full value of consideration in certain cases – Section 78
- Advance money and profit on sale of property used for residence – Section 81 and 82
- Compulsory acquisition of lands, extension of time and meaning of certain terms – Section 84, 89, and 90
Module III: Profits and Gains of Business or Profession and Income from Other Sources
- Income under the head “Profits and gains of business or profession” and manner of computing – Section 26 to 27
- Rent, rates, taxes, repairs and insurance – Section 28
- Deductions related to employee welfare, on certain premium, for bad debt and provision for bad and doubtful debt – Section 29 to 31
- Deduction for depreciation and other deductions – Section 32 and 33
- General conditions for allowable deductions – Section 34
- Special circumstances – amounts not deductible, expenses or payments not deductible – Section 35 and 36
- Certain deductions allowed on actual payment basis – Section 37
- Written down value of depreciation assets and interpretation – Section 41 and 66
- Income from other sources – Section 92
- Deductions, amounts not deductible and others – Section 93 to 95
Module IV: Deductions, Rebates, Reliefs and Total Income Computation
- General deductions – Section 122
- Deductions in respect of certain payments – Section 123, 124, 126, 127, 129, 130, and
- Deductions in respect of other incomes and other deductions – Section 153 and 154
- Rebate to be allowed in computing income-tax – Section 155
- Rebate of income-tax in case of certain individuals – Section 156
- Relief when salary, etc., is paid in arrears or in advance – Section 157
- Relief from taxation in income from retirement benefit account maintained in a notified country– Section 158
- New Tax Regime for individuals – Section 202
Reference Books
- 1 Income Tax Act, 2025 Dr. Girish Ahuja, CA. (Adv.) Rahul Agrawal Commercial Law Publishers Income Tax Act, 2025 – India’s New Direct Tax Law After 60+ Years – Commercial Law Publishers
- 2 Income Tax Act, 2025 Taxmann's Editorial Board Taxmann Income Tax Act 2025—Annotated and Comparative Edition by Taxmann's Editorial Board | Taxmann Books
- 3 Comparative Study of Provisions of Income Tax Act 2025 & Income Tax Act 1961 Taxmann's Editorial Board Comparative Study of Provisions of Income Tax Act 2025 and Income Tax Act 1961 by Taxmann's Editorial Board | Taxmann Books
- 4 Master Guide to Income Tax Act 2025 Taxmann's Editorial Board Taxmann https://www.taxmann.com/bookstore/product/40009016-master-guide-income-tax-act- 2025
Reproduced from the University of Mumbai syllabus for B.Com. (Accountancy) under NEP 2020, in force from the academic year 2026-27. 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.