Income Tax

Chapter - 1: Basic Concepts

1. Introduction

1.1)  What is the meaning of tax?

1.2)  Why are Tax levied?

1.3)  Power to levy taxes.

1.4)  Overview of income-tax law in india.

2. Charge of Income-tax

3. Important Definitions

3.1) Assessee [Section 2(7)]

• Understanding the Different Types under Section 2(7)
• Exploring the Meaning, Definition and Types of Assessee
• Assessee: Not All People, But All Assessees Are People (Sort Of)

3.2) Assessment [Section 2(8)]

3.3)