Chapter 1

Basic Concepts and Residential Status

Definitions under Income Tax Act

medium • 1 min read

Previous year and assessment year

medium • 2 min read

Residential status of individuals

medium • 3 min read

Incidence of tax

medium • 4 min read

Incomes exempt from tax

medium • 5 min read

Chapter 2

Computation of Income under Salaries and House Property

Allowances and perquisites valuation

medium • 1 min read

Deductions from salary income

medium • 2 min read

Basis of charge for house property

medium • 3 min read

Gross annual value calculation

medium • 4 min read

Deductions under section 24

medium • 5 min read

Chapter 3

Profits and Gains of Business or Profession

Basis of charge for business income

medium • 1 min read

Depreciation allowance under IT Act

medium • 2 min read

Admissible and inadmissible deductions

medium • 3 min read

Computation of professional income

medium • 4 min read

Presumptive taxation scheme

medium • 5 min read

Chapter 4

Capital Gains and Income from Other Sources

Short-term and long-term capital assets

medium • 1 min read

Computation of capital gains

medium • 2 min read

Exemptions under section 54

medium • 3 min read

Income chargeable under other sources

medium • 4 min read

Taxation of dividends and winnings

medium • 5 min read

Chapter 5

Computation of Total Income and Tax Liability

Clubbing of income

medium • 1 min read

Set-off and carry forward of losses

medium • 2 min read

Deductions under Chapter VI-A

medium • 3 min read

Computation of total income of individuals

medium • 4 min read

Filing of income tax returns

medium • 5 min read