Income Tax Guide for the Taxpayer (A.Y. 2009-10)

It is in the best financial interests of every taxpayer to have a clear grasp of the essentials of income tax, even if you have back-up help if a CA or tax expert. Here is must-know expert guidance on computing your income and taxes-and trouble-free assessment of your tax returns. In simple, clear style, Mr. Lakhotia provides you expert guidance on:

• How to compute your taxable income from different sources: salary, house property, business, profession, etc.
• Which incomes are taxed - and which are not
• All the tax-saving exemptions, rebates, and reliefs you are eligible for
• Deductions you can avail of when computing your total taxable income.
• How different taxpayers are assessed: Individuals, HUFs, Firms, Companies, Non-Residents, etc.
• Procedure for filing an appeal when you think you have been assessed wrongly
• Penalties and prosecution: when these apply and how to avoid them
• Procedure of tax refunds - and much, much more.