Basic concepts that one must know Residential status and its effect on tax incidence Income that is exempt from tax Income under the head "Salaries" and its computation Income under the head "Income from house property" and its computation Income under the head "Profits and gains of business or profession" and its computation. Income under the head "Capital gains" and its computation Income under the head "Income from other sources" and its computation Clubbing of Income Set off and carry forward of losses Permissible deductions from gross total income and tax liability Meaning of agricultural income and its tax treatment Individuals - Computation of taxable income Hindu undivided families - Computation of taxable income Firms and associations of persons - Computation of taxable income Return of income Advance payment of tax Deduction and collection of tax at source Interest payable by asssessee/Government Service Tax Value Added Tax (VAT)

A Comprehensive and Practical Guide on Assessment of Profits from Business * Emerging trends in assessment of profit. * Challenges to book profit. * Profitability ratios. * Additions and deductions. * Deemed profits and gains. * Export profit. * Presumptive income. * Protective assessment. * Assessment in search and seizure cases under the Block Assessment Scheme as well as under New Assessment Scheme. This book will help in developing skills for determination of profit that is charged to income-tax. It is useful for tax administrators, tax consultants and taxpayers as a handy reference book on the subject.