2023 2024 MBA - Income Tax Law Exam Notes

As per your request here I am giving you syllabus for Income Tax Law & Computation paper for Income Tax Inspector recruitment exam.

Syllabus for Income Tax Law & Computation paper:

(A) Income Tax
Income Tax Act, 1961 as amended from time to time along with relevant Rules, with an in-depth
understanding of the following chapters:
a. Chapter VI -
b. Chapter XIII -
c. Chapter XVII - Read with 2nd and 3rd schedules.
d. Chapter XXI

The paper will also contain objective type questions on practical application of Income Tax Act in dealing
with assessments like total assessable income, calculation of taxes etc. The paper will also test knowledge of
candidates regarding work relating to enquiry and surveys, tax evasion petitions, prosecutions, investigations
and collection of information for CIB detailed in the Manual of Office Procedure, being some of function of Inspectors of Income Tax.

(B) Wealth Tax
Wealth Tax Act, 1957, as amended from time to time along with relevant Rules.

Paper II: BOOK – KEEPNG

1. Fundamentals:
i. Definition of Accounting
ii. Functions of Accounting
iii. Necessity of Accounting

2. Accounting Principles
i. Concepts & Conventions
ii. Cash and Mercantile Systems

3. Fundamentals of Double Entry System – General Principles.

4. Accounting Cycle or Process – Journalisation and Ledgerisation. Recording transaction in
Subsidiary books – Posting of Ledger

5. Accounting of Bank transactions, bill transactions, preparation of bank reconciliation statements.

Income Tax Inspector recruitment exam Syllabus

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