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Income Tax

Notes of income tax for commerce,accounting to learn easy.It almost cover all important topics which are given...

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Notes of income tax for commerce,accounting to learn easy.It almost cover all important topics which are given below

Unit – 1. Basic Concepts

Income
Agriculture income
Casual income
Assessment year & Previous Year
Gross total income, total income

Unit – 2. Heads of Income

Salaries Income
Income from House Property

Unit – 3. Profit and Gains of Business

Profit and gains of Business or Profession
Capital Gains
Income from other sources
Aggregation of Income
Set off and carry forward of losses

Unit – 4. Deductions from Gross Total Income

DEDUCTIONS FROM GROSS TOTAL INCOME
Total Income and tax liability of an Individual
H.U.F., and firm

Unit – 5. Concept of Tax Planning

Concept of Tax Planning
Tax evasion and tax avoidance

Last update

Nov. 23, 2019

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