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Description

Notes of income tax for commerce,accounting to learn easy.Italmostcover all important topics which are given below Unit – 1.BasicConcepts Income Agriculture income Casual income Assessmentyear& Previous Year Gross total income, total income Unit –2.Heads of Income Salaries Income Income from House Property Unit–3. Profit and Gains of Business Profit and gains of BusinessorProfession Capital Gains Income from other sources AggregationofIncome Set off and carry forward of losses Unit – 4.Deductionsfrom Gross Total Income DEDUCTIONS FROM GROSS TOTALINCOME TotalIncome and tax liability of an Individual H.U.F., andfirm Unit –5. Concept of Tax Planning Concept of Tax Planning Taxevasion andtax avoidance