Income Tax Law and Practice-I Bangalore University B.Com 5th Semester NEP Notes

16/11/2023 1 By indiafreenotes
Unit 1 [Book]
Introduction Meaning of Tax, Types of Taxes VIEW
Cannons of taxation VIEW
Brief history of Indian Income Tax VIEW
Legal Framework of Taxation VIEW
Important Definitions:
Assessment, Assessment year, Assesses, Person, Income, Casual income, Agricultural income VIEW
Previous year including exceptions VIEW
Gross total income, Total income VIEW
Scheme of Taxation VIEW
Exempted incomes of individuals under section 10 of the Income Tax Act, 1961 VIEW
Slab rate Under Old tax and New tax regime 115BAC VIEW

 

Unit 2 [Book]
Introduction Residential status of an individual, Determination of residential status of an individual VIEW
Incidence of Tax VIEW
Factor affecting Incidence of Tax VIEW
Scope of Total income VIEW
Problems on computation of Gross total Income of an individual. VIEW

 

Unit 3 [Book]
Introduction, Meaning of Salary, Basis of charge, Definitions Salary VIEW
Perquisites and profits in lieu of salary VIEW
Provident Fund VIEW
Transferred balance VIEW
Retirement Benefits Gratuity, VIEW
Pension and Leave salary VIEW
Deductions u/s 16 VIEW
Problems on Computation of Income from Salary VIEW

 

Unit 4 [Book]
Income from House Property Introduction VIEW
Basis for charge VIEW
Deemed owners VIEW
House property: Incomes exempt from tax VIEW
House property Incomes exempt from tax VIEW
Composite rent and Unrealized rent VIEW
Annual Value, Determination of Annual Value VIEW
Deductions u/s 24 from Annual Value VIEW
Problems on Computation of Income from House Property VIEW

 

Unit 5 [Book]
Introduction TDS Section 192 VIEW
Advance Tax, Meaning of advance tax VIEW
Computation of Advance tax VIEW
Installment of Advance tax and Due dates VIEW
Deductions under Sections 80C, 80CCC, 80CCD, 80CCG, 80D, 80DD, 80DDB, 80E, 80G, 80GG, 80TTA and 80U as applicable to Individuals. VIEW