Taxation is a dynamic subject. It has to be up-dated every year avoiding to the amendments made by the Finance Act in the Parliament during the month of February every year. In the developing economy like ours, the importance of Direct Tax has been acknowledged by all specially, when the revenues are collected for the exclusive welfare of the state.
This book is written in a simple language adhering to all the recent amendments made for the Assessment Year 2019-20. The rules are explained along with number of illustrations. This book is helpfull for all the students studying at UG courses.
Contents –
UNIT I
1. Basic Concepts and Definitions under IT Act
2. Residential Status and Incidence of Tax
3. Incomes which do not form part of Total Income
UNIT II
4. Income from Salary
5. Income from House Property
UNIT III
6. Profits & Gains from Business or Profession
7. Capital Gains
UNIT IV
8. Income of other Persons included in Assessee’s Total Income
9. Set-off and Carry Forward of Losses
10. Deductions and GTI
11. Rebate u/s 87A
Appendix
