Insight into Income Tax

1. BASIC CONCEPTS—Sections 2, 3, 4, 14, 111A, 112, 115BB with tax rates 2. RESIDENTIAL STATUS—Sections 5 to 9 3. INCOME FROM SALARIES—Sections 15 to 17 4. DEDUCTION U/S 80C & 80CCD—Sections 80C & 80CCD 5. INCOME FROM HOUSE PROPERTY—Sections 22 to 27 6. DEPRECIATION—Sections 32 & 50 7. CAPITAL GAIN—Sections 45 to 55A 8. AGRICULTURAL INCOME—Sections 2(1A) & 10(1) with rules 7 & 8 9. DEDUCTIONS ALLOWED FROM GROSS TOTAL INCOME—Sections 80A to 80U; Rebate u/s 88E 10. INCOME FROM OTHER SOURCES—Sections 56 to 59 11. SET OFF AND CARRY FORWARD OF LOSSES—Sections 70 to 80 12. PROFITS AND GAINS FROM BUSINESS OR PROFESSION—Sections 28 to 44D 13. ASSESSMENT OF FIRM—Sections 40b, 184 14. CLUBBING OF INCOME—Sections 60 to 65 15. INCOME NOT FORMING PART OF TOTAL INCOME “EXEMPTED INCOME”—Sections 10 to 13A 16. PRACTICAL QUESTIONS ON ASSESSMENT OF INDIVIDUAL 17. FILING OF RETURN—BRIEF—Section 139