To make aware about provisions of direct tax with regard to IT Act, 1961 and IT Rules, 1962.
To make aware about agriculture income, residential status and incidence/charge of tax.
To understand the provisions and procedure to compute total income under five heads of income i.e. salaries, house property, profits & gains from business & profession, capital gains and other sources. 4.
To understand the provision and procedure for clubbing & aggregation of incomes and set-off & carry forward of losses.
To understand the various deductions to be made from gross total income U/s 80-C to 80-U in computing total income.
- Teacher: Kochurani N.V