Direct Tax TYBCOM Semester V

Direct Tax TYBCOM Semester V

Description

Direct Tax

TYBCOM

Semester V

1. Basic Terms (S: 2, 3 and 4)

 

Assessee, Assessment, Assessment Year, Annual Value, Business,

 

Capital Assets, Income, Person, Previous Year, Transfer

 

 

2. Scope of Total Income and Residential Status

 

Scope of Total Income (S : 5)

 

Residential Status (S : 6) For Individual Assessee

 

 

3. Heads of Income (S : 14)

 

l Salary (S : 15 to 17)

 

l Income from House Properties (S : 22 to 27)

 

l Profit & Gain From Business

 

(S : 28, 30, 31, 32, 35, 35D, 36, 37, 40, 40A, 43B) 

 

l Capital Gains (S : 45, 48, 49, 50, 54 EC) restricted to computation of Capital Gain on transfer of residential house property only

 

l Income from Other Sources (S : 56 to S : 59)

 

Exclusions From Total Income (S : 10)

 

Exclusion related to specified heads to be covered with relevant head e.g. Salary, Business Income, Capital Gain, Income from Other Sources.

 

 

4. Deduction from Total Income

 

S : 80A, 80C, 80CCC, 80D, 80DD, 80E, 80U, 80TTA

 

5. Computation of Total Income for Individual

 

 

 

Additional Information

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ISBN-13 978-93-88626-41-5
AUTHOR Ainapure & Ainapure
YEAR 2019
ED Second
PAGES 482
SUBJECT Direct Tax TYBCOM Semester V
LANGUANGE English