Income Tax Law And Accounts

                                                                                      Syllabus

INCOME TAX LAW AND ACCOUNTS

UNIT-I

Basic Concepts: Income, Agricultural Income, Casual Income, Assessment Year, Previous Year, Gross Total Income, Total Income, Person. Tax Evasion, Avoidance and Tax Planning. Basic of Charge; Scope of Total Income, Residence and Tax Liability, Income which does not Form Part of Total Income, Deduction from Gross Total Income.

UNIT-II

Head of the Income: Salaries; Income from House Property; Profit and Gains of Business and Profession. Capital Gains; Income from Other Sources. 

UNIT-III

Deemed Income: Aggregation of Income, Set-off and Carry Forward of Losses; Tax Authorities; Assessment Procedures.

UNIT-IV

Computations of Total Income of an Individual, H.U.F.