Hi B.Com. Students, I am sharing brief and concise lecture notes on the B.Com. Second Year subject - Income Tax Procedures. Income Tax Procedures is mostly taught as part of the B.Com. 2nd Year course and these PDF lecture notes will help prepare well for your BCom semester exams.
The major topics covered in these B.Com. Second Year lecture notes and eBook of Income Tax Procedures are:
The major topics covered in these B.Com. Second Year lecture notes and eBook of Income Tax Procedures are:
- UNIT-I An outline of provisions and rules of various heads of income. Set off and carry forward of Losses. Clubbing of income. Practical Problems relating to computation of Gross Total Income.
- Unit-II Deductions under section 80C to 80U against gross total income, Income tax rates applicable for various categories assesses. computation of taxable income and tax liability of an individual.
- Unit-III Advance payment of tax. Tax deducted at source. Compulsory obligation to get Permanent Account Number (PAN) and its Procedure. Provisions and rules relating to preparation of income tax return. Prescribed written forms and furnishing in case of various categories of assesses. Electronic form.
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