Learn All About Income Tax From Ebooks : Best Book On Taxation

Learn All About Income Tax from Ebooks: Best Book on Taxation A tax is a compulsory contribution of the citizens of a country to state revenue, imposed by the government on the income and business profits of the citizens, or added to the cost price of some goods and services. The government imposes taxes on the citizens of the country to generate income for its various projects and to enhance the country’s economy and to improve the standard of living of the nation. The government’s duty to impose the tax on the citizen is drawn from the constitution of India. All the taxes that are imposed in the country are passed by the State Legislature or Parliament. Types of taxes Taxes are divided into two types namely direct and indirect taxes. Direct taxes include income tax , corporate tax and wealth tax etc that you pay directly . While there are some taxes that you pay indirectly. These include sales tax , service tax and value added tax . What is Income Tax Income tax is a direct tax that a government imposes on the income of its citizens. The government can change the tax rates every year in its Union Budget. Income does not only include money earned in the form of salary. It also includes income from some other sources such as property, profits from business, bonus earned, capital gains income, and 'income from other sources'. Types of Income Tax payers

The Income tax Act has classified the types of taxpayers in categories so as to apply different tax rates for different types of taxpayers. Individuals taxpayers are further classified into below mentioned categories for tax purposes- Individuals less than 60 years of age Individuals aged between 60 to 80 years Individuals aged more than 80 years Learning about income can be a difficult task for a person but here is a list of some of the best ebooks on income tax that will help you understand it in a simple way Self Preparation and Filing of Income Tax Returns by Individuals : Assessment Year 2019-20 Kindle Edition Law of income tax in India is governed by the Income-tax Act, 1961; Decisions of the Courts also govern formation of these laws. This book on income tax has been written to provide to the needs of Resident Indian citizens and to enable them to have a fine knowledge of various provisions of Indian Income-tax Law. UNDERSTANDING INDIAN INCOME TAX LAW: INCOME TAX LAW BASICS Kindle Edition This book on income tax provides information on income tax law in India. This book is written in simple language and it can be understood by common people also. This book on income tax is as reader friendly as possible. Complex topics have been explained with tables and charts. It is very easy to understand. Examples have been given for better understanding of every topic. The Income Tax Law of India: Indian Law Series Kindle Edition This taxation law book is the BARE ACT of Indian Law on Income Tax within Indian territories. It is the set of rules as exactly provided by Indian government authorities. INCOME TAX SYSTEM IN INDIA Kindle Edition Income tax is chargeable at specified rates prescribed by the finance Bill every year. But there are certain types of incomes, which are exempted from tax. The Government for different reasons provides some advantage to certain categories of persons by excluding certain incomes from tax liability. The various incomes which are exempt from tax are discussed in this Book on income tax.