Students Guide to Income-Tax
- Publisher
- Taxmann Publications
- Published
- 1984
- Pages
- 517
- Genre
- Economics
About the book
This textbook is a comprehensive guide to learning Indian direct tax law. It clearly explains fundamental income tax concepts, tax-exempt incomes, residential status, and its impact on tax liability. The book provides step-by-step guidance on computing income under the statutory heads: Salaries, Income from House Property, Profits and Gains of Business or Profession, Capital Gains, and Income from Other Sources. Additionally, it thoroughly covers the clubbing of income, permissible deductions from gross total income, Tax Deductions at Source (TDS), penalties, prosecutions for non-compliance, and tax refunds. The text also examines agricultural income and its tax treatment, alongside the computation of taxable income for individuals, Hindu Undivided Families (HUFs), firms, Associations of Persons (AOPs), and companies. Finally, it offers readers clear insights into income tax authorities, assessment procedures, appeals, revisions, and references.