Income Tax Act – Definition of Income – Agricultural income – Assessee - Assessment year – Previous Year –– - Residential Status - Scope of Total Income – Capital & Revenue – Receipts & Expenditure – Exempted Income

Computation of Income from Salaries & Income from House Property

Computation of Profit and Gains of Business or Profession – Calculation of Capital Gains

Computation of Income from Other Sources - Set off and Carry forward of losses – Deductions from Gross Total Income – Assessment of Individuals

Income tax authorities – Procedure for assessment - Collection of tax