Taxation-II

Income under the Head “Other Sources”
Chargeability
Incomes included under income from other
sources (Section 56(2) and sub sections)
Deductions under section 57
Amounts not deductible under section 58
Deemed income chargeable to tax
Bond washing transactions
Deemed dividend
Rate of tax in case of winnings from lotteries,
crossword puzzles, races etc.

Clubbing of Income:
Income of other persons included in Assessee’s
total income
Transfer of income without transfer of assets
Revocable transfer of assets
Provisions of section 54 and its subsections
Set off and Carry Forward of losses

Deductions to be made in Computing Total Income
Deductions under section 80C TO 80 U
Agricultural Income and its tax treatment
Definition of agricultural income
Rent or revenue derived from agricultural Land
Income attributable to a farm house
Exemption of agricultural income
Partial Agricultural Income
Income from manufacture of Rubber, tea and
coffee

Assessment of Individual
Assessment of Hindu Undivided Family
Assessment of Partnership Firm

Return of Income (Section 139 to 140 A)
Deduction of Tax at Source
Advance Payment of Tax