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Note 1: Constitution of India

Entry No 82 : Taxes on INCOME other than agriculture income

Note 2 : Act : Income tax Act (Sec. 1 to 298)

Sec 4 – Charging section

1. Tax is on : Total income Sec. 14

(5 heads of income)

2. Income of : Previous year Sec.3

(1st April – 31

st March)

3. Chargeable in : Assessment year Sec. 2(9)

(1st April – 31

st March)

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1. Total income

V


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3. Applicability of the Act (Scope of total income)

4.

Meaning of India973 VF(A<

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5. Tax rates

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Note 4 : - Deductions

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Note 6 : Orders, Instructions & Directions by CBDT

Section 119 – Instruction to subordinate authorities

The Board may from time to time as it may deem fit

for the proper administration of this Act

issue such orders, instructions and directions to other income-taxauthorities and such authorities and all other persons employed in the

execution of this Act shall observe and follow such orders, instructions

and directions

Provided that

No such orders, instructions or directions shall be issued —

(a) So as to require any income-tax authority to make a particular

assessment or to dispose of a particular case in a particular manner;

or

(b) So as to interfere with the discretion of the Commissioner

(Appeals) in the exercise of his appellate functions.

Note 7 : Sources to read income tax law

Author

Comment | Circulars

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