Tax Planning

Tax Planning

Introduction	Returns from property computation	Income Tax Assessee classification	Residential status
Income from salary	Exemptions available on salary	Income from house property	Tax exemption
Income and taxation	Long term/Short term capital gains	Income from other sources	Capital gains

Income Tax Assessee classification

For the purpose of Income Tax Act the assessees are classified into

Individuals
Firms
HUF
AOP
Corporate assessees

Of the above assessees, individuals, HUF and corporate assessees are again classified into resident and non-resident on the basis of their residential status.