Income Tax Guide for the Taxpayer
Synopsis
It is in the best financial interests of every taxpayer to have a clear grasp, of the key essentials of income tax, even if you have back-up help of a CA or tax expert. Here is must-know expert guidance on computing your income and taxes - and trouble-free assessment of your tax returns. In simple, clear style, Mr. Lakhotia provides you expert guidance on: How to compute your taxable income from different sources: salary, house property, business, profession, etc, Which incomes are taxed - and which are not, All the tax-saving exemptions, rebates, and reliefs you are eligible for,
Deductions you can avail of when computing your total taxable income, How different taxpayers are assessed: Individuals, HUFs, Firms, Companies, Non-Residents, etc, Procedure for filing an appeal when you think you have been assessed wrongly, Penalties and prosecution: when these apply and how to avoid them, Procedure of tax refunds - and much, much more.
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Deductions you can avail of when computing your total taxable income, How different taxpayers are assessed: Individuals, HUFs, Firms, Companies, Non-Residents, etc, Procedure for filing an appeal when you think you have been assessed wrongly, Penalties and prosecution: when these apply and how to avoid them, Procedure of tax refunds - and much, much more.
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