Description

Direct Tax

 

TYBCOM Semester V

 

syllabus

 

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)
♦ Salary (S : 15 to 17)
♦ Income from House Properties (S : 22 to 27)
♦ Profit & Gain From Business
(S : 28, 30, 31, 32, 35, 35D, 36, 37, 40, 40A, 43B)
♦ Capital Gains (S : 45, 48, 49, 50, 54 EC) restricted to computation of Capital Gain on transfer of residential house property only
♦ 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