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INCOME
TAX
HELLO EVERYONE
Presented by: prof Raman Dhiman
PRESENTATION OUTLINE
INCOME TAX
(BASIC CONCEPTS)
Short note on person
What is income?
SITUATIONS WHEN INCOME IS
TAXED IN SAME PREVIOUS YEAR:
Five such cases are listed below:
1. Section 172 : Shipping business income of non-resident
ship-owners.




2. Section 174: In cases of persons leaving India.
3. Section 174A: Assessment of any association of persons, body of
individuals or Artificial Juridical person formed or established only for
a limited perio.


4. 175: In case of persons who are likely to transfer their assets to
avoid tax.
5. Section 176: In case of discontinued business.

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Income tax (basic concepts) chapter-1

  • 3.
  • 4.
  • 5.
  • 6.
  • 7.
  • 8.
  • 9. Short note on person
  • 10.
  • 12.
  • 13. SITUATIONS WHEN INCOME IS TAXED IN SAME PREVIOUS YEAR: Five such cases are listed below: 1. Section 172 : Shipping business income of non-resident ship-owners. 2. Section 174: In cases of persons leaving India. 3. Section 174A: Assessment of any association of persons, body of individuals or Artificial Juridical person formed or established only for a limited perio. 4. 175: In case of persons who are likely to transfer their assets to avoid tax. 5. Section 176: In case of discontinued business.