TL401 | Taxation Law I

Taxation Law is a core course for the B.A.LL.B.(Hons.) programme. It is a standalone course that includes discussion on direct and indirect taxes in India.

Taxation is used by governments to direct investment, production and consumption within the economy. The course will deliberate upon the  evolving understanding of taxation systems – from that of revenue collection, to playing a key role in effectuating redistributive and regulatory policy. Thereafter, discussion will move towards engaging with fundamental concepts of income tax and GST law in India in order to enable students to gain an understanding of the mechanism of income as well transaction taxation; as well as, to illustrate how changes in economic policy are given effect to using taxation law.

Teaching methodology would be a combination of lectures, seminar style discussions as well as problem solving exercises. The reading material for the course covers primary and secondary readings.

Module 1 : Classical economic theory and taxation

Module 2 : Taxation as fiscal policy and its nexus with monetary policy

Module 3 : Economic effects of taxation

Module 4 : Basic concepts of income taxation in India

Module 5 : Fundamental concepts of India’s Goods & Services Tax