Elements of Income Tax Study Materials 2021 – For B.Com Students

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Elements of Income Tax Study Materials: Download Elements of Income Tax Study Materials 2021. In this article Elements of Income Tax Study Materials, we are going to provide the Study Notes for Management Studies. These Study Books will be useful for Management & Commerce students. The concepts of Salaries, Heads of Income, Assessment of individuals, etc. We provide genuine notes relating to the subject. Preparation becomes easy by learning from these materials. Candidates can download the notes by the links given below.

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Elements of Income Tax Study Materials - Download Study Notes PDF

Elements of Income Tax Study Materials

Name of the Subject Elements of Income Tax 
Category Management Studies
Useful for B.Com
Course Type Under Graduation
Article on Elements of Income Tax Study Materials 2021
Study Material Format PDF
Download Other Study Materials Click Here 

Chapters and Topics in Elements of Income Tax

The topics covered in this subject are given here at a place for the convenience of students. Follow the article to know more about Elements of Income Tax.

Fundamentals

  • Basic Concepts-I
  • Basic Concepts-II
  • Residential Status and Tax Liability
  • Exempted Incomes Under Section I0

Salaries

  • Salaries-I
  • Salaries-II
  • Salaries-III

Other Heads of Income

  • Income from House Property
  • Capital Gains
  • Income from Other Sources

Assessment of Individual

  • Deductions from Gross Total Income
  • Computation of Total Income
  • Filing of Return and Tax Authorities

Taxation Study Notes

Here we have mentioned the unit-wise PDFs of  Elements of Income Tax subject. Click on the below link to download it

Direct Taxes
Introduction to Optimal Taxation
Basic Concepts-I
Sources of Revenue: Tax and Non-Tax
Foreign Exchange Regulations and Taxation Issues
Tax Planning
Legal Procedures

Here we have mentioned the full book PDFs of  Elements of Income Tax subject. Click on the below link to download it :

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Elements of Income Tax Click Here
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Unit wise PDFs – Elements of Income Tax Study Books

Here we have mentioned the unit-wise PDFs of  Elements of Income Tax subject. Click on the below link to download it :

Units  Download Links 
Fundamentals Download
Salaries Download
Other Heads of Income Click Here
Assessment of Individual Download

Subject to the Universities

This subject will be useful to the students of B.Com. The following university students can also download these materials :

  • IGNOU
  • University of Calicut
  • Rai Technology University

Subject in the Semesters

Elements of Income Tax subject will be studied by the students in the following semesters of their respective courses :

  • B.Com I Semester
  • M.Com I Semester

Important Questions

We have mentioned some of the important questions on Elements of Income Tax subject :

  • “The income of the previous year is taxed in the current year”. Explain.
  • Define agricultural income and give examples.
  • Distinguish between agricultural income and partly agricultural income with examples.
  • Distinguish between capital and revenue incomes.
  • What are the different categories into which the assessments are divided based on residence?
  • Explain the scope of total income under the income-tax 1961.
  • Discuss the provisions of the Income Tax Act dealing with the exemption of income of political parties.
  • What do you mean by ‘profits in place of salary?
  • What do you mean by a ‘perquisite’ and what does it include?
  • Define annual value and state the deductions that are allowed from the annual value in computing the income from house property.
  • What does the term ‘Capital Gains’ signify under the Income Tax Act?
  • Discuss the various kinds of securities?
  • What is gross total income? How do you compute it?
  • What are the consequences of delay in filing returns?
  • What steps are involved in processing a return?

Recommended books for Elements of Income Tax

The books that are useful for knowing about Elements of Income Tax are given here. These are available online and can be downloaded for learning.

  • ECO-11 Elements Of Income Tax by Deepak Tomar Paperback
  • Eco-11 ELEMENTS OF INCOME TAX by Swati Goyal Perfect Paperback

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