cs executive tax law notes

Scope of Total Income

Scope of Total Income (Section 5) – Notes, MCQs, Videos

Scope of Total Income According to Section 4 of income tax act, 1961, total income of a person is taxable. So to find out the tax liability of any person, we must know ‘which income shall become the part of total income of such person? Section 5 deals with the scope of total income of …

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Important Definitions under Income Tax

Important Definitions under Income Tax

Important Definitions under Income Tax – Chapter 2 Topics Covered under this Article Definition of Assessee [Section 2(7) of Income Tax, 1961]Definition of Principal Officer [Section 2(35) of Income Tax, 1961]Definition of Person [Section 2(31) of Income Tax, 1961]Definition of Assessment Year [Section 2(9) of Income Tax, 1961]Definition of Previous Year [Section 3 of Income …

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CS Executive Tax Laws MCQs, Notes

CS Executive Notes PDF – Basic Concepts of Income Tax

CS Executive Notes – Income Tax Chapter 2 (Basic Concepts of Income Tax) Topics covered in this Chapter Introduction to Income Tax LawsCentral Board of Direct Taxes and Central Board of Excise and Customs [CBDT/CBEC]Amendments in Income Tax Act, 1961Amendments in Income Tax Rules, 1962Concept of Income under Income Tax ActApplication vs. Diversification of IncomeDifference …

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Difference between Act, Rules, Regulations, Circulars, Case Laws

What is the difference between Act, Rules, Regulations, Circulars, Case Laws For proper knowledge and understanding of any law, we should consider following elements: Act: Act is the main law. It tells us what to do and what not to do. An act can be passed, amended or repealed (or u can say abolished) by …

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CS Executive Tax Law Notes

CS Executive Tax Law Notes with MCQs

CS Executive Tax Law Notes – Chapter 1 – Direct Taxes at Glance Topics included in this Article What is Tax?Some Definitions of TaxConstitutional Powers of Government to Impose TaxesSome Taxes mentioned in List 1 (Union List) Some Taxes mentioned in List 2 (State List) Characteristics of Good Tax SystemCanons of TaxationWhy Government impose Taxes?What are Direct …

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Income from Other Sources

Tax on Income from Other Sources

Income from Other Sources (amended till Finance Act 2021) Topics Covered in this Article Main Sections of Income Tax Act, 1961 related to Income from Other SourcesIncome Covered under Section 56 to be charged under the head “Other Sources”Examples of Income to be charged under the “Other Sources” not specifically covered under Section 56  Taxability of …

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CS Executive Tax Laws

CS Executive Tax Laws Videos, Notes, MCQs, Book, Question Papers

CS Executive Tax Laws New Syllabus CS Executive Tax Laws Notes for Dec 2021 and June 2022 Income Tax Direct Taxes at Glance – Chapter 1 Basic Concepts of Income Tax Important Definitions under Income Tax Charge of Income Tax (Section 4 of Income Tax) Scope of Income Tax (Section 5 of Income Tax Act) …

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