As you want I am here giving you syllabus for B.Com. Part-III course of Lucknow University.

Syllabus : B.Com. Part-III course:

Paper : Insurance Principles and Practice

Unit –I
Introduction to Insurance: Purpose and need of insurance, Insurance as a social security tool;
Insurance and economic development, Fundamentals/ Principles of Insurance. Contract of
Insurance.

Unit –II
Life Insurance – Principles and practice of life assurance. Life assurance contracts, their nature
and characteristics, Parties to the contract and their rights and duties. Conditions and terms of
policy and effects of non-compliance thereof. Nominations and Assignment Practice in
connection with collection of premium, revivals, loans, surrenders, claims, bonuses and annuity
payments. Mortality Table, Present structure & growth of Life insurance in India.

Unit –III Fire Insurance - The basic principles of Fire Insurance contracts. Fire Policy, conditions,
Assignment of Policy, Claims.

Marine Insurance – General Principles – Insurable interest and value disclosure Marine Policy and
their conditions, Premium; double insurance; assignment of policy’ warranties’ the voyage. Loss
and abandonment; partial losses and particular charges; salvage; total losses and measures of
indemnity. Subrogation. An elementary knowledge of accident and motor insurance.

Unit –IV Insurance Intermediaries – Agents and Procedure for Becoming an Agent; Pre requisite for
obtaining a license; Duration of license; Cancellation of license. Revocation of suspension/
termination of agent appointment; Code of conduct; Unfair practices. Procedure regarding
settlement of policy claims.

Paper : Income Tax Law and Accounts

Unit – I
Basic Concepts : Income, agricultural income, casual income, assessment year previous year,
gross total income, total income, person, Tax evasion, avoidance and tax planning. Basic of
Charge: Scope of total income, residence and tax liability, income which does not form part of
total income.

Unit-II Head of the Income: Salaries; Income from house property; Profit and gains to business or
profession, including provisions relating to specific business: Capital gains; Income from other
sources.

Unit-III Computations of Tax Liability: Computation of total income and tax liability of an individual,
H.UF. and firm, Aggregation of income, Set-off and carry forward of losses, Deduction from
gross total income.

Unit-IV Tax Management : Tax deduction at source; Advance payment of tax; Assessment procedures;
Tax planning for individuals; Tax Administration and Authorities.

Here is the attachment.
Syllabus : B.Com. Part-III








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