Tag: Tax Planning Strategies

Computation of Total Income and Tax liability

Deductions from Gross Total Income

Income which does not form part of Total Income

Basis of Charge

Person in Indian Income Tax Act, 1961

Assessment Year, Previous Year

Casual Income

Indian Income Tax Act, 1961

Double taxation refers to the phenomenon of taxing the same income twice. Double taxation of the same income occurs when…

Tax Evasion, Tax Avoidance