Students’ Guide to Income Tax

Contents: 1. Basic Concepts. 2. Residential Status and Tax Incidence. 3. Exempt Incomes. 4. Income under the Head Salaries (including Retirement Benefits and Relief u/s 89).5. Income from House Property. 6. Profits and Gains from Business or Profession (PGBP)  (including Depreciation, Investment Allowance, Deemed Income & Presumptive Taxation).7. Capital Gains. 8. Income from Other Sources. 9. Clubbing of Incomes.10. Set off and Carry forward of Losses.11. Deductions from the Gross Total Income (GTI). 12. Agricultural Income. 13. Gross Total Income and Tax Liability of Individuals   (including Rebate u/s 87A & Alternate  Minimum Tax Questions). 14. Assessment of Hindu Undivided Family (HUF). 15. Assessment of Firms and Association of Persons/Body of Individuals (including Rebate u/s 86). 16. Income Tax Authorities.  17. Return of Income.18. Assessment Procedure. 19. Tax Deduction at Source (TDS).20. Advance Payment of Tax.21. Recovery and Refunds. 22. Appeals and Revision. 23. Penalties. 24. Offences and Prosecutions.  25. Revision (Examination Multiple Choice Questions and True/False).