You will see
1. Types of Heads
2. Sections associated with each heads of Income.
3. Exempted Income.
4. Expenses allowed as deduction under each head.
5. Computation of income formula through sections.
6. Rates of tax of each head.
7. Set off and carry forward of losses.
The above topics are in brief. But it gives fair amount of idea what is income tax, how it is computed and rates of tax.
Revise income tax in less than 8 minute
preeti (Student CA IPC / IPCC) (79 Points)
29 March 2014
CAclubindia
