Project –Basic of Taxation
Tax is one of the central ways for a government to generate revenue for operations
related to the welfare of the society. Among the different taxes present in the
system, income tax in India is the one that is dealt by everyone, including
individuals, firm or even an organization. Paying your income tax for the first time
is a milestone in
any citizen’s life. However, the process can seem too daunting and tedious for a
first- timer, and some of the terms tend to go right over your head. To understand
the tax implications of income (based on your income source), you are supposed to
provide s a compilation of basics of income tax for beginners. Your advice should
be able to answer the following questions
1) Write a note on Taxation structure in INDIA
2) Write a detailed note on determination of Residential status of an Individual and
incidence of tax.
3) Write a note on various heads of income under which an income is chargeable
to tax
4) Explain any three deductions that are allowed while computing taxable income
5) Using imaginary figures compute tax liability of an individual for
assessment year 2018-2019
6) Give any three amendments proposed in the Budget 2020 related to direct
tax in INDIA
Guidelines for Basic of Taxation Project
1. The initial pages are attached for reference.
2. Text should be handwritten
3. The report should have the following section introduction, incidence of tax, heads of
income , deductions , assessment of individual and recent amendments and index must be
there specifying the contents.
4. The Project Report for Basic of Taxation is a Project Report prepared by Individual
student. The report should be minimum of 15-25 pages.
5. Pictures, graphs, tables, research papers can be included in the report
6. Project Report to be submitted shall be colored and soft bound.
7. Black and white copy of report shall be carried by student at the time of viva-voce.
8. A student will not be allowed to appear in the Viva-Voce without submitting Project
Report.
9. Each student needs to submit 1 coloured project report (College Copy for records) and 1
report (Each for each group member to be carried on the day of viva-voce)
10. Last Date to submit soft bound report to concerned subject faculty is by 16th March, late
submission fine is Rs. 100.
11. A student who misses/is absent in the Viva-Voce for Project Report will be marked
absent as per university norms. No queries will be entertained in this regard.
12. Viva-voce would be taken individually for each student
BASICS OF TAXATION
A Project Report
Submitted in partial fulfillment of the requirements for the
award of degree of Bachelor of Business Administration
2018 – 2021
Submitted by Guided by
KUNAL CHANCHLANI Dr. AMIT GROVER
0181BBA018
Bharati Vidyapeeth (Deemed to be
University) Institute of Management &
Research, New Delhi Re-Accredited with
Grade “A” by NAAC
Recipient of B-school leadership award from Star News
A-4, Paschim Vihar, New-Delhi,Ph:011 -25286442
Fax 011 - 25286442
Certificate of Originality
This is to certify that the project report entitled “ BASICS OF TAXATION ” Submitted in
partial fulfillment of the requirement for the award of the degree of BBA is an original work
carried out by KUNAL CHANCHLANI under the guidance of Dr. AMIT GROVER .
The matter embodied in this project is a genuine work done by KUNAL CHANCHLANI to the
best of my knowledge and belief and has been submitted neither to this University nor to any
other University for the fulfillment of the requirement of the course of study.
KUNAL CHANCHLANI
0181BBA018
Certificate
This is to certify that the Project titled “ BASICS OF TAXATIONS ” is an academic work
done by “ KUNAL CHANCHLANI ” submitted in the partial fulfillment of the
requirement for the award of the Degree of BBA from Bharati Vidyapeeth Deemed
University, Pune. It has been completed under the guidance of Dr. AMIT
GROVER . The authenticity of project work will be examined by the viva examiner which
includes data verification , checking duplicity of information etc.
Dr. Vikas Nath
Director
ACKNOWLEDGEMENT
I would like to express my special thanks of gratitude to my
faculty DR. AMIT GROVER as well as our director
DR. VIKAS NATH who gave me the golden opportunity to do
this wonderful project on the topic of BASICS OF TAXATION,
which also helped me doing a lot of research and I came to know
so many new things I am really thankful to them .
KUNAL CHANCHLANI
0181BBA018
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