B.Com. (Investment Management) Direct Taxation for Investment Management Syllabus - Mumbai University
This is the SY BCom IM 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 Direct Taxation for Investment Management
Module I: Fundamentals of Direct Taxation
- Unit 1: Introduction to Direct Taxes
- Concept and Types of Taxes
- Difference Between Direct and Indirect Taxes
- Constitutional Framework of Taxation in India
- Tax Authorities and Administration
- Unit 2: Income Tax Act, 1961 – Basic Concepts
- Residential Status and Scope of Total Income
- Heads of Income – Overview
- Taxation of Individuals vs. Corporates
- Exempted Incomes under Income Tax Act
Module II: Computation of Taxable Income
- Unit 3: Income from Salaries and House Property
- Components of Salary Income and Taxable Perquisites
- Deductions from Salary Income
- Income from House Property – Tax Treatment
- Computation of Taxable Income
- Unit 4: Income from Business, Profession, and Capital Gains
- Tax Treatment of Business and Professional Income
- Allowable Deductions and Disallowances
- Capital Gains – Short-Term vs. Long-Term
- Taxation of Securities Transactions
Module III: Tax Planning and Investment Decisions
- Unit 5: Deductions and Exemptions in Investment Planning
- Section 80C to 80U Deductions
- Tax-Saving Investment Options – PPF, ELSS, NPS, etc.
- HUF and Trusts – Taxation Aspects
- Income Clubbing Provisions and Tax Avoidance
- Unit 6: Tax Implications on Investment Instruments
- Taxation of Dividends and Interest Income
- Taxation of Mutual Funds and SIPs
- Double Taxation Avoidance Agreements (DTAA)
- Tax Planning Strategies for Investors
Module IV: Compliance, Filing, and Tax Reforms
- Unit 7: Tax Compliance and Filing Procedures
- Income Tax Returns – ITR Forms and E-Filing
- Advance Tax, TDS, and Self-Assessment Tax
- Penalties and Prosecution under IT Act
- Practical Case Studies on Tax Filing
- Unit 8: Tax Reforms and Recent Developments
- GST vs. Direct Taxes – Implications for Investors
- Corporate Tax Reforms and Investment Impacts
- Digital Taxation and E-Governance Initiatives
- Budgetary Changes and Future Taxation Trends
Reference Books
- 1 Taxation of Capital Gains – Ramesh S. Arunachalam
- 2 Income Tax Guide for Investors – Subhash Lakhotia
- 3 Practical Approach to Direct Tax Laws and International Taxation – Girish Ahuja & Ravi Gupta
- 4 Tax Planning Through Investments – Nitin Vyakaranam
- 5 Handbook on Income Tax and Capital Market Transactions – Dalip Kumar
Reproduced from the University of Mumbai syllabus for B.Com. (Investment Management) 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.