UNIT – I
1. Income Tax Act 1 Basic concepts- basis of charges of tax
2. Definitions 3. Residential status of assesses – its impact on tax liability.
UNIT – II
1. General concepts
2. Chargeability to tax- admissible & inadmissible deductions, exclusions and deductions from income
3. Set off and carry forward of losses.
4. Salaries
5. Income from House Property
6. Income from Profits of Profession and business
7. Capital Gains
8. Income from other sources
9. Clubbing of income
UNIT – III
1. Powers & functions
2. Assessment
3. Allotment of permanent account number
4. Economic criteria scheme.
UNIT – IV
1. Appeal
2. Revision
3. Reference
4. Rectification, (Sec.269N, 269 UJ)
UNIT – V
1. Prosecutions under Income Tax Act, 1961
2. Non- compliance
3. Contravention
4. Avoidance
5. Evasion of tax
6. Penalties
