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.
Head of the Income: Salaries; Income from House Property; Profit and Gains of Business and Profession. Capital Gains; Income from Other Sources.
Deemed Income: Aggregation of Income, Set-off and Carry Forward of Losses; Tax Authorities; Assessment Procedures.
Computations of Total Income of an Individual, H.U.F.