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Mukherjee road, kolkata 700001 edition based on provisions applicable for ay 201415 references 1. Income tax law and practice page 8 16 any sum received under a keyman insurance policy including the sum allocated by way of bonus on such policy will constitute income. The income tax law in india consists of the following components. Bcom 1st 2nd 3rd year books notes free pdf download.
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Income tax law and practice this book covers the following topics. About the book kanga and palkhivalas the law and practice of income tax in 2 vols. The provisions of the attached law shall apply with respect to the income tax. The irs levies penalties for which of the following. Incometax rules, 1962 and allied rules and schemes 4. Download income tax law and practice download free online book chm pdf. Kanga and palkhivalas the law and practice of income. Name budget 201516 tax year 2015 income tax law in pakistan with introduction of sales tax for b. Income tax law and practice download book free book centre. Unit 1 introduction to income tax act 1961 book link 1 salient features and basic concepts previous year, assessment year view 2 person view 3 gross total income view 4 agricultural income view 5 residential status and incidence of tax view 6 fully exempted incomes view unit 2 heads of income salary book link. This book deals with the law of taxation or income tax laws. Accordingly, it may be necessary for income tax laws of.
Income tax law and practice page 5 chapter 1 income tax in india an introduction brief history of income tax in india in india, income tax was introduced for the first time in 1860, by sir james wilson in order to meet the losses sustained by the government on account of the military mutiny of 1857. By law, taxpayers must file an income tax return annually to determine their tax obligations. Tax preparation and law 2019 2020 income tax udemy. Buy kanga and palkhivalas the law and practice of income tax in 2 vols. New companies act 20 questions solved with charts 10. Value gross salary gross total income house 1 house house property income illustration income from business income from house income from salary income tax india intangible assets kolkata leave travel concession less is exempted loan loss ltcg month mumbai municipal tax nil nil ordinary. Income tax act, 1961 provides for levy, administration, collection and. V sem tax subject income tax law and practice 45, anurag nagar, behind press complex, indore m. May 19, 2019 unit 1 introduction to income tax act 1961 book link 1 salient features and basic concepts previous year, assessment year view 2 person view 3 gross total income view 4 agricultural income view 5 residential status and incidence of tax view 6 fully exempted incomes view unit 2 heads of income salary book link. Introduction and basic concept of income tax law times journal. The law and practice of singapore income tax comprises 24 chapters. All material in this publication may be reprinted freely.