Income Tax Summary Notes For Ay 2019 20 Pdf

10 of income tax where total income exceeds rs.

Income tax summary notes for ay 2019 20 pdf. 15 of income tax where total income exceeds rs. Chargeability section 56. 4 mb 100. These notes contain a working sheet to help you complete the tax calculation summary pages.

Other files by the user. Income tax is a huge law con. Covers basic provisions of income tax act. Fast track quick revision income tax ay 2019 20 pdf download share.

Covers basic provisions of income tax act. 4 of income tax and surcharge. The following income shall be charged to tax only under the head income from other sources. Rent of a plot of land of rs.

Covers basic provisions of income tax act pdf submitted by. Any item of income chargeable to tax but does not fall within the ambit of the other four specific heads of income shall be included under this head of income. But you will not be able to use the working sheet if you have entries in. On 08 february 2019.

4 of income tax and surcharge. Income tax is a huge law containing numerous provisions. Income from other sources is a residuary head of income. Income tax compliance handbook for the f y 2019 20.

Box 20 on page tr 3 of your 2019 to 2020 tax return box 13 on page ai 1 of the additional information pages box 1 in the income tax losses section on page ai 3 of the. Rent from plot of land will be charged to tax under the head income from other sources. A partnership rm including llp is taxable at 30. Rate of tax.

Rent of plot of land is not charged to tax under the head income from house property. 20 000 received by mr. This book deals with the law of taxation or income tax laws. Income tax laws text book pdf.

12 500 whichever is less. The amount of rebate is 100 per cent of income tax or rs. 12 of tax where total income exceeds rs. Non resident individual huf net income range income tax rates health and education cess up to rs.

This shall be in the form of additional income tax levied on fringe benefits provided or deemed to have been provided by an employer to his employees during the previous year. Hence entire amount will be charged to tax under the head income from other sources. This book is useful for ca ipcc group 1 students and for b a llb 3rd year students. Total pages 55 approx fast track quick revision income tax is first book of it s kind ever published in india.

Income tax refers to the tax you pay.