Important definitions in the Income –tax Act, 1961 – Basis of charge; Rates of taxes applicable for different types of assesses – Concepts of pervious year and assessment year – Residential status and scope of total income; Income deemed to be received / deemed to accrue or arise in India – Incomes which do not form part of total income (U/S 10)
Inclusive Provisions – Reductions – Computation of Income
Inclusive Provisions – Reductions – Computation of Income
Inclusive Provisions – Reductions – Computation of Income
Income of other persons included in assesses total income – Aggregation of income; Set – off or carry forward and set off of losses – Deductions from gross total income – Computation of total income and tax payable; Rebates and relief’s – Provisions concerning advance tax and tax deducted at source.
Reference Book:
Income-tax Law and Accounts, Dr. HC Mehrotra, Sahithya Bhavan publisher, 2015
Text Book:
Income Tax Law and Practice, Gaur and Narang, Kalyani publishers New Delhi, 2015