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 2024-25. The rules are explained along with number of illustrations. This book is helpfull for all the students studying at UG and PG courses.
Contents :
Direct Taxes
Unit – 1 Basic Concept of Income Tax
Unit – 2 Capital and Revenue
Unit – 3 Residential Status & Incidence of Tax
Unit – 4 Exempted Incomes
Unit – 5 Income from Salary
Unit – 6 Income from House Property
Unit – 7 Profit & Gains from Business/Profession
Unit – 8 Capital Gains
Unit – 9 Income from Other Sources
Unit – 10 Clubbing and Agreegation of Income
Unit – 11 Set-off and Carry Forward of Losses
Unit – 12 Agricultural Income
Unit – 13 Deductions of Gross Total Income
Unit – 14 Assessment of Individual
Unit – 15 Assessement of HUF
Unit – 16 Assessement of Firms
Unit – 17 Assessement of AOP/BOI
Unit – 18 Assessement of Companies
Unit – 19 Income Tax Authorities & Procedures of Assessments
Unit – 20 Return of Income & E-filing
Unit – 21 Tax Deduction Sources (TDS)
Unit – 22 Advance Payment of Tax
Unit – 23 Refund and Penalties
Unit – 24 Appeals and Revision
Indirect Taxes
Unit – 25 Basic Concepts of GST
Unit – 26 GST Act and Definitions
Unit – 27 Exemptions and Rate of GST
Unit – 28 Levy and Collection of GST
Unit – 29 Nature of supply
Unit – 30 Time,Place and Value of supply
Unit – 31 Input Tax Credit
Unit – 32 Registration Under GST
Unit – 33 Composition Scheme & Reverse Change
Unit – 34 Tax Invoice, Debit Note & Credit Note
Unit – 35 Returns under GST
Unit – 36 GST Assessment & Audit
Unit – 37 Payment and Refund under GST
Unit – 38 Appeals, Revision, Offences and Penalties
Unit – 39 GST and Technology
Unit – 40 Customs Duty
Appendices
