Sem Iv
Sem Iv
Sem Iv
INCOME TAX
Course objective
This subject contains all the provisions described under Income Tax Act, 1961 that helps to determine the types
of income; it’s assessment & the levy of Income Tax through which the Govt. generates the revenue for meeting
various socio-economic objectives & public welfare. After the completion of the course, students will be able to
assess individual’s income & calculate the Income Tax payable on the same.
Computation of Income from Salary: meaning & definition Different forms of Salary
Allowances, Perquisites Valuation of allowances & perquisites. Valuation of allowances &
perquisites. Provisions regarding Provident Fund, Entertainment Allowances, Professional Tax,
computation of income from salary.
Income from House Property: Introduction & Important provisions, Types of House Property.
Determination of Gross Annual Value, Municipal Tax & Deductions u/s 24.Treatment of
unrealized rent & Vacancy period. Computation of income from house property.
Income from Business or Profession: Meaning, income chargeable under Income Tax (section
28) Income chargeable under Income Tax (section 28) Deductions in respect of expenses &
allowances. Disallowed expenses. (Excluding special business) Depreciation, computation of
income from business and profession.
Capital Gain: Meaning, Items included & types of Capital Gain/Loss. Computation of Capital
Gain/Loss. Capital Gain Exempted from Tax. (U/s 54,54B, 54D, 54ED, 54F, 54G, 54H) Capital
Gain Exempted from Tax. (U/s 54,54B, 54D, 54ED, 54F, 54G, 54H). Computation of taxable
capital gains
Income from Other Sources: Meaning & types of Income. Allowable & Disallowable
Deductions, exempted incomes. Computation of Income from other sources.
Set off & carry forward of Losses: Set Off of Losses under- same head, other head. Carry
forward & set off.
Suggested Readings: Material issued by ICSI Financial Dailies & Periodicals like Business
Standard, The Economic Times & Financial Express, Economic and Political Weekly.
MANAGEMENT ACCOUNTING
CODE-IB-403
Objective: This course is designed to give an insight to the students about practical use of various
techniques of accounting which can help in financial decision making to the managers.
Introduction to Management Accounting, the Balance Sheet & related concept. The Profit and Loss
account & related concepts. Difference between Management, Cost & Financial Accounting.
Importance, Limitations, Utility of Fund Flow Statement to different parties, Preparartion of schedule of
changes in working capital and its utility, calculation of funds from operation,Numerical problems.
Meaning, Importance, Advantages, Limitations. Computations of cash from operations and other
activities, Difference between fund flow and cash flow analysis,Numerical problems.
Ratio Analysis:
Marginal cost and Break even, Margin of safety (MOS), Assumptions of Break Even Analysis, Numerical
Problems.
Meaning & Definition of Standard Costing,Standard Vs Estimated and Historical Cost, Limitation and
Advantages, Variance Analysis and its classification.
Budgetary Control:
MIS & Reporting, Foreign Currency Accounting, Responsibility Accounting, Management Audit.
COMPANY LAW
COURSE OBJECTIVES
The course is based on the important provisions of The Companies Act, 1956, as
amended. The aim of the course is to give the students knowledge of important
provisions of The Companies Act, 1956. The course is basically theoretical in nature
& has been designed to give an insight of various important provisions applicable to
limited companies.
Readings :
References :
A. Ramaiya: Company Law & Practice (Latest Edition)
Journals: Company Law Journal, Chartered Secretary, Corporate Law Adviser & financial dailies
like Business Standard, The Economic Times etc
ENTREPRENEURSHIP
CODE-IB-408
The objective of this course is to develop appreciation and understanding of various aspects of
entrepreneurship. This course will help the students in identifying business opportunity, translating it into
a detailed business plan and getting versed with various issues in this course. This will provide exposure
to the students to the entrepreneurial culture and industrial growth so that they may be prepared to set up
and manage their own units.
Course contents:
Group task: studying various success stories of entrepreneurs and discussing their characteristics
and reasons for success.
Students asked to finalize on their ideas and start writing business plans.
COURSE OBJECTIVE:
The objective of this course is to help the students to develop an understanding of the dimensions of the
management of Human Resources with particular reference to HRM policies and practives in India.
COURSE CONTENTS:
1. The field of HRM: an overview, concept and functions, Personnel to HRM, ASTD HRM
model.
2. Acquisition of Human Recourses :Objectives, Policies and process of Human Resource
Planning, Human Resource planning in evolving small and Entrepreneurial organization,, Job
analysis, job description, job satisfaction, job design (nature of job design, job characteristics,
Reengineering Jobs, Using Teams in Jobs, Advantages and disadvantages of team jobs,
consequences of job design) ,Recruitment, promotion and transfer.
3. The Human Resource Organization, Structure of Human Resource Management, Role and
Responsibilities of the human resource selection, Induction and placement
department(Administrative, operational and strategic role of HR)
4. Human Resource Policies: Formulation and essentials of sound HR Policies.
5. Development of Human Resources: Learning, training and Development, Evaluation of
Training and performance Appraisal (Appraising individual and Team performance),
Introduction to career and succession planning.
6. Maintenance of HR: Job Evaluation, Designing and Administering the wage and salary
structure, compensation, grievance handling procedure.
7. Separation Process: Turnover, Retirement, Layoff, Retrenchment and Discharge, VRS
(Mechanism of VRS, VRS in public sectors and private sector) , Rehabilitation of surplus
employees.
8. Emerging Trends and Challenges in HRM : economic and Technological changes, work force
availability and quality, Enhancing organizational performance, expanding human capital,
Ethics and HRM, HR management competencies and careers – Knowledge of Business
organizations and organization culture, influence of change management, specific HR
knowledge and expertise.
Text Reading
1. A Handbook of Human Resource Practice by Michael Armstrong
2. Personnel / Human Resource Management by David S. Decenzo and Stephen P. Robbins.
3. Human Resource management by Robert L. Mathis and John H. Jackson
IB-411
Objective: The subject will help the students to develop the understanding of accounting
packages like tally and can also understand the use of accounting information system for
managing accounts/database of business organization.
Contents
Steps in Designing AIS. Features of Good AIS. History and background of Accounting
Software’s and commercial languages. Limitation of Traditional accounting information
architecture, Manual accounting information system V/s Computerized accounting.
Introduction to SQL: Query databases to provide insights about business operations and
performance Creation of Master files, Designing of Transaction file structure for cash voucher
using SQL. Designing of Transaction file for Journal voucher .Sales voucher & Purchase entry.
Designing of Transaction file for Sales & Purchase. Extracting information from the files.
Vouchers: Various types of vouchers used in Account entries. Effect of vouchers on Trial
Balance, P&L and Balance sheet.
Introduction to Tally: Concept of accounting, Master files and Transaction files. Cash vouchers
entry in accounting packages like Tally. Bank vouchers entry in accounting packages like Tally,.
Designing of Transaction file for bank voucher using VFP. Journal vouchers entry in accounting
packages like Tally etc.
System Analysis and Design: System Analysis and Design of a business event driven system,
EDP controls
Books