Income tax 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 Income 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 2016-17. The rules are explained along with number on illustrations. The book is helpful for all the students studying at UG courses.
We express our thanks to our parents and family members. We are grateful to Prof. B. Shrikumari, Principal of Govt. First Grade College, Kengeri, Asst. Prof. Bhagya K., Vice Principal, Dr. Nitte Minakshi Degree College, Asst. Prof. Sashikala, Vivekananda Degree College, and Prof. Noopur Sarin, Amity University, for their valuable suggestions and comments
Contents-
1. Introduction to Income Tax
2. Income from Salary
3. Income From House Property and Profits & Gains from Business and Profession
4. Income from Capital Gains & Other Sources
5. Computation of Total Income of an Individual
