UNIT - 1.........................................................7
1.1 History of Income Tax
1.2 Definitions of Assessment Year; Previous Year; Assessee;
Person; Gross total income; Total Income.
1.3 Concept of Agricultural Income and Casual Income; TDS.
1.4 Tax planning, Tax avoidance, and tax evasion
1.5 Incomes Exempted from Tax
UNIT - 2............................................26
2.1 Meaning of Salary
2.2 Allowances
2.3 Various Perquisites
2.4 Retirement benefits
UNIT - 3...................................................51
3.1 Deductions Permissible from Salary
3.2 Computation of various allowances, perquisites, retirement
benefits, and Total Salary
3.3 Form No. 16 under the Income Tax Act Note- numerical
problems on total salary.
UNIT - 4............................................................75
4.1 Basic Concepts of Profits and Gains from Business and
Profession.
4.2 Deductions Expressly Allowed. (Admissible Expenses)
4.3 Inadmissible Expenses.
4.4 Numerical problems on computation of income on Profits
and Gains from Business and Profession