Important definitions in the income – tax Act, 1961– Basis of Charge; Rates of taxes applicable for different types of assesses- Concepts of previous year and assessment year-Residential status and scope of total income–Exempted Income.
Income from salary-Income from house property- Casestudy.
Income from Business or Profession.
income from Capital Gains-Income from other sources- Casestudy
Income of other persons included in assessing total income –Aggregation of Income; Set -offor carry forward Aggregation of Income d and Set-Off losses-Deduction from Gross Total Income- Computation of Total Income and Tax payable
Reference Book:
1.Dr .Vinod K. Singhania ,Taxmen’s,Direct Taxed Law&Practice,Taxman Publication (P)ltd., NewDelhi. Edition1, 2012 2.Bhavagathyprasad. Law and Practice of Income Tax in India- Edition 1, 2000 3.Dr.H.C.Mehrotra.Income Tax law and accounts -(Sathiya Bhawan Publications)Edition1, 2008)
Text Book:
V.P .Gaur and D.B.Narang, Income Tax Law and Practice- (Kalyani Publishers) Edition1,2009
