IT-1 (BCOM 5th)

UNIT-I

Basic concepts, Residential status, Scope of total income on the basis of residential Status,

Revenue and Capital (a) Receipts (b) Expenditure (c) Loss., Exempted income under section

10(related to Individuals only).

UNIT-II

Computation of income under different heads of income:-

- Salaries

- Income from house property

- Profits and gains of business or profession

- Capital gains

- Income from other sources.

UNIT-III

Total income and tax computation, Income of other persons included in assessees total

income Aggregation of income and set-off and carry forward of losses.

UNIT-IV

Deductions from gross total income, Rebates and reliefs, Computation of total income of

individuals only.