Description
Law of Taxation is a comprehensive course designed to provide law students with a strong conceptual and practical understanding of Direct and Indirect Taxation in India. The course covers the constitutional foundations of taxation, detailed provisions of the Income Tax Act, 1961, and an in-depth study of Goods and Services Tax (GST) laws, including Central GST, Integrated GST, and Maharashtra GST.
Students will learn how taxation functions as a tool of economic policy, influencing growth, savings, capital formation, and income distribution. The course places special emphasis on computation of taxable income, assessment procedures, appeals, penalties, advance rulings, and modern developments such as faceless assessment and e-assessment.
Through structured modules, the course enables learners to understand the practical application of tax laws, represent assessees before authorities, and analyse real-world taxation issues, including mergers and acquisitions and professional tax laws in Maharashtra.
This course is ideal for LLB students, tax law aspirants, and anyone seeking a solid academic and practical foundation in Indian Taxation Law.
Key Learning Outcomes
By the end of this course, students will be able to:
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Understand the historical development of taxation and its constitutional framework in India
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Interpret and apply provisions of the Income Tax Act, 1961
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Compute Gross Total Income, Taxable Income, and Tax Liability
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Analyse assessment procedures, appeals, penalties, and prosecutions
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Understand GST laws – Central GST, Integrated GST, and Maharashtra GST
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Gain knowledge of Maharashtra State Profession Tax Law
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Appreciate the role of taxation in economic regulation and governance
