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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

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

Income Tax OfficerTax Policy Analyst

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)

1: How many laws are there in income tax?

The Income Tax Act, 1961 consists of 298 sections and 14 schedules.

2: How are the classes for BCOC-136 Income Tax Law and Practice Online Course being held?

The classes for this 16 week course are conducted online via video lectures.

3: Who are the instructors for this course?

Dr. Madhulika P. Sarkar is the instructor for this course from IGNOU (Indira Gandhi National Open University).

4: What does IGNOU do?

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.

5: What is income tax law?

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.