Basic Knowledge/Concepts about Income Tax
- Agricultural Income [Section 2(1A)] - Definition under I.Tax
- Person [Section 2(31)] - Definations under I.Tax.
- Income [Section 2(24)] - Definations under I.Tax.
- Heads of Income [Section-14 ]
- Gross Total Income [Section-80B (5)]
- Total Income [Section 2(45)]
- Rounding off of Total Income [Section 288A]
- Rounding off of Tax [Section 288B]
- Assessment Year [Section 2(9)]
- Previous Year [Section 2(34) r.w. Section 3]
- Income is Taxed in the same Year in which it is Earned
- Constitutional Provision Governing Taxation in India [Article 246 (Seventh Schedule)]
- Taxes to be imposed only by Authority of Law [Article 245]
- Sources Of Law Relating To Income Tax (Documents containing Laws relating to Income Tax)