Income Tax Law and Practice Notes, Gauhati University BCom 4th Semester (NEP FYUGP)

In this post, we provide unit-wise notes for the Income Tax Law and Practice course for Gauhati University's B.Com 4th Semester under the New Education Policy (NEP) Four-Year Undergraduate Programme (FYUGP). This course covers income tax laws, how to calculate income tax, deductions, exemptions, and how to file tax returns, including online e-filing.

Income Tax Law and Practice Notes 2025

This course covers income tax laws, computation methods, deductions, exemptions, and filing returns. It includes e-filing of income tax returns.

Unit-Wise Complete Notes 🔥

Unit 1: Introduction 👈

• Basic Concepts: Income, Agricultural Income, Assessee, Assessment Year, Previous Year, Gross Total Income, Total Income

• Residential Status & Scope of Total Income

• Exempted Income (Section 10)

Unit 2: Computation of Income under Different Heads – 1

• Income from Salaries

• Income from House Property

Unit 3: Computation of Income under Different Heads – 2

• Profits and Gains of Business or Profession

• Capital Gains

• Income from Other Sources

Unit 4: Computation of Total Income and Tax Liability

• Aggregation of Income & Set-Off and Carry Forward of Losses

• Deductions, Rebates & Reliefs

• Computation of Total Income & Tax Liability (Individuals & Firms)

Unit 5: Preparation of Return of Income

• Manual & Online Filing of Income Tax Returns & TDS

• PAN & Compulsory Online Filing Provisions

Download Complete Notes in PDF Format 

Income Tax Law and Practice Previous Year Question Papers

• 2021 Question Paper👈 

• 2022 Question Paper 👈

• 2023 Question Paper 👈

Income Tax Law and Practice Solved Question Papers

• 2021 Solved Question Paper 👈

• 2022 Solved Question Paper 👈

• 2023 Solved Question Paper 👈

Benefits of Income Tax Law and Practice Notes by The Treasure Notes

1. Well-Structured Unit-Wise Notes – The notes are organized as per the official syllabus, making it easier for students to study each topic step by step.

2. Covers Important Topics – Includes all key concepts like income tax laws, computation methods, deductions, exemptions, and tax return filing, ensuring full syllabus coverage.

3. Easy-to-Understand Language – The content is written in simple and clear language, making it easy for students to grasp complex tax laws.

4. Based on Latest Syllabus – The notes follow Gauhati University’s B.Com 4th Semester NEP FYUGP syllabus, ensuring relevance and accuracy.

5. Includes Previous Year Questions (PYQs) – Contains previous years’ questions that help students understand the exam pattern and important topics.
   
   

6. Helps in Exam Preparation – With concise explanations and topic-wise breakdowns, students can revise efficiently before exams.

7. Saves Time and Effort – Instead of going through multiple books, students get all necessary information in one place, saving time and effort.

8. E-Filing Guidance – Includes a basic understanding of e-filing tax returns, which is useful for practical applications.

9. Free and Reliable Resource – Available on The Treasure Notes platform, ensuring authentic and well-researched content without any cost.

These notes are a must-have for students looking for a simplified and exam-focused approach to Income Tax Law and Practice.

Last Words 

With The Treasure Notes, you get well-structured, easy-to-understand, and exam-focused study materials for Income Tax Law and Practice. These notes will help you grasp key concepts, prepare efficiently, and excel in your exams. Start your preparation today and stay ahead!