Students Guide to Income Tax (University Edition)

· Basic Concepts That One Must Know

· Residential Status and Its Effect on Tax Incidence

· Income That Is Exempt from Tax

· Income Under the Head “Salaries” and Its Computation

· Income Under The Head “Income From House Property” and Its Computation

· Income under the Head “Profits and Gains of Business or Profession” and Its Computation

· Income under the Head “Capital Gains” and Its Computation

· Income under the Head “Income from Other Sources” and Its Computation

· Clubbing of Income

· Set Off and Carry Forward of Losses

· Permissible Deductions from Gross Total Income

· Meaning of Agricultural Income and Its Tax Treatment

· Individuals - Computation of Taxable Income

· Hindu Undivided Families - Computation of Taxable Income

· Firms and Associations of Persons - Computation of Taxable Income

· Return of Income

· Advance Payment of Tax

· Deduction and Collection of Tax at Source

· Interest Payable by Assessee/Government