This book explains basics of income tax law in India. This book is written in simple language and it can be understood by non-professionals also. Every effort has been made for making this book as reader friendly as possible. complex topics have been explained with table and charts. Suitable and easy to understand Illustrations have been given for better understanding of every topic. Income Tax effects every one knowledge about it is a must.
The topics covered in this book are:
1. Vision of This Book
2. Categorization of Income
3. Residential Status of Individuals and Tax Liability
4. Financial Year and Assessment Year Concept
5. Understanding Forms of Income Tax Returns
6. Salary Income
7. House Property Income
8. Agriculture income and its Taxation
9. Capital Gains and Exemptions
10. Income from Other Sources
11. Deductions from Income
12. Tds, Interest on Late Payment of Tax, Self Assessment Tax, Regular Assessment Tax
13. Clubbing of Income
14. Carry forward and set off of losses
15. Preparing Computation of Income
16. Due dates of Income Tax
17. Assessment, Intimation and Re-Assessment
18. Appeals in General