The course is designed to enable students to develop conceptual, skill and application skill in the commerce related field. The course will familiarize students with current business process and practices. This will help students in developing capabilities to identify business opportunities, analyze their risk- return possibilities and support business development in socially desirable avenues with strong moral commitment.
Part B: Vocational Skills (50 Marks)
Unit-1: Introduction to Income Tax & important Definitions
Unit-2: Exempted Incomes and Residential Status & Incidence of Tax Liability.
Unit-3: Heads of Income:
- Income from Salary.
- Income from House Property.
- Income from Business Profession.
- Income from Other Sources.