IncomeTaxManagement

Direct & Indirect Taxes, Tax Ready Reckoner, Tax Management, Tax Act. & Rules, Tax Planning & Tax Savings.

Basic Knowledge/Concepts about Income Tax

Basic Knowledge/Concepts about Income Tax

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

Income Tax Management
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