INSIGHT INTO INCOME TAX

The present book Insight into Income Tax Based on Memory Retention Techniques, like its earlier editions, has been designed for both the beginners and the advanced learners of Income Tax, introducing them to the full range of concepts of Income Tax.Structured into two volumes, the book covers the syllabus prescribed in all major Indian Universities for the courses of B. Com. (H/P), CA (PE II), CS (Inter), ICWA (Inter), BBA, MBA and M.Com. In addition, it caters to the academic needs of students pursuing professional courses in this arena. Owing to its simple language and lucid style, the book is accessible even to average readers. It is undoubtedly an asset for the students of the subject while a valuable lasting reference source for the teachers, professionals, accountants and general readers.

Book Contents

1. BASIC CONCEPTSSections 2, 3, 4, 14, 111A, 112, 115BB with tax rates 2. RESIDENTIAL STATUSSections 5 to 9 3. INCOME FROM SALARIESSections 15 to 17 4. DEDUCTION U/S 80C & 80CCDSections 80C & 80CCD 5. INCOME FROM HOUSE PROPERTYSections 22 to 27 6. DEPRECIATIONSections 32 & 50 7. CAPITAL GAINSections 45 to 55A 8. AGRICULTURAL INCOMESections 2(1A) & 10(1) with rules 7 & 8 9. DEDUCTIONS ALLOWED FROM GROSS TOTAL INCOMESections 80A to 80U; Rebate u/s 88E 10. INCOME FROM OTHER SOURCESSections 56 to 59 11. SET OFF AND CARRY FORWARD OF LOSSESSections 70 to 80 12. PROFITS AND GAINS FROM BUSINESS OR PROFESSIONSections 28 to 44D 13. ASSESSMENT OF FIRMSections 40b, 184 14. CLUBBING OF INCOMESections 60 to 65 15. INCOME NOT FORMING PART OF TOTAL INCOME EXEMPTED INCOMESections 10 to 13A 16. PRACTICAL QUESTIONS ON ASSESSMENT OF INDIVIDUAL 17. FILING OF RETURNBRIEFSection 139