Allocation of gross profit prior to and after admission / retirement / death when stock on the date of admission / retirement is not given and apportionment of other expenses based on time / Sales/other given basis

Ascertainment of gross profit prior to and after admission/retirement / death when stock on the date of admission / retirement is given and apportionment of other expenses based on time / Sales / other given basis

Excluding Questions where admission / retirement / death takes place in the same year

Asset taken over by a partner

Treatment of past profits or past losses in the Balance sheet

Contingent liabilities / Realization expenses/amount kept aside for expenses and adjustment of actual

Treatment of  secured liabilities

Excluding: Insolvency of partner and  Maximum Loss Method

Calculation of purchase consideration

Journal/ledger accounts of old firms

Preparing Balance sheet of new firm

Adjustment of goodwill in the new firm

Realignment of capitals in the new firm by current accounts / cash or a combination thereof

Excluding: Common transactions between the amalgamating firms

Calculation of New Purchase consideration, Journal / Ledger Accounts of old firms.

Preparing Balance sheet of new company

Computation and Treatment of Exchange Rate Differences.

Assessee, Assessment, Assessment Year, Annual Value, Business, Capital Assets, Income, Previous Year, Person, Transfer.

Determination of Residential Status of Individual, Scope of Total Income (S.5)

Income from House Property (S. 22-27)

Profit and Gain from Business and Profession (S. 28, 30,31,32, 35, 35D,36,37, 40, 40A and 43B)

Income from other sources (S.56- 59)

Exclusions from Total Income (S.10)

(Exclusions related to specified heads to  be covered with relevant heads of income)

S. 80C, 80CCC, 80D, 80DD, 80E, 80U, 80TTA

Section 2: Assessee, Assessment Year, Assessment, Annual value, Business, Capital asset, Income, Person, Previous Year, Transfer

Basis of Charge:

Section 3 to 9: Previous Year, Residential Status, Scope Of Total Income, Deemed

Income

Exclusions from Total Income:

Section 10: restricted to, Agricultural Income, Sums Received From HUF By Member, Share of Profit from Firm, Casual & Non – Recurring Receipts, Scholarships, Income of Minor Child, Allowance to Members of Parliament and Legislative Assembly.

Note -Exemptions related to specific Heads of Income to be covered with Relevant Provisions.

Salary Income:

Section 15 to 17, Including Section 10 relating to

House Rent Allowance, Travel Concession, Special Allowance, Gratuity, Pension –

Commutation, Leave Encashment, Compensation, Voluntary Retirement, Payment from Provident Fund

Income From House Property:

Section 22 to 27, Including Section 2 – Annual Value

Profits & Gains From Business & Profession:

Vocation Section 28 to 32, 36, 37, 40, 40A, 43B, 44AD, 44ADA & 44AE

including.: Section 2: Business

Capital Gains:

Section 45, 48, 49, 50, 54 and 55

Income from Other Sources:

Section 56 – 59

80 C: Payment of LIC/PF and other eligible investments

80CCC: Contribution to certain Pension Fund

80D: Medical Insurance Premium

80DD: Maintenance and medical treatment of handicapped dependent

80E: Interest on Educational Loan

80TTA: Interest on Saving Bank account

80U: Deduction in the case of totally blind or physically handicapped or mentally retarded resident person

Assesse, Assessment, Assessment Year, Annual Value, Business, Capital Assets, Income, Previous Year, Person, Transfer.

(B)    Determination of Residential Status of Individual, Scope of Total Income (S. 5)

(B)    Income from House Property (S. 22-27)

(C)    Profit & Gain from Business and Profession (S. 28, 30,31,32, 35, 35D, 36, 37, 40, 40A and 43B)

(B)    Income from other sources (S.56- 59)

(C)    Exclusions from Total Income (S.10)

(Exclusions related to specified heads to  be covered with relevant heads of income)

S. 80C, 80CCC, 80D, 80DD, 80E, 80U, 80TTA.

(B)    Computation of Taxable Income of Individuals.

Assesse, Assessment, Assessment Year, Annual Value, Business, Capital Assets, Income, Previous Year, Person, Transfer.

Determination of Residential Status of Individual, Scope of Total Income (Sec 5)

Exclusions from total income Sec 10

(Exclusions relating to specific heads to be covered with relevant heads of income)

Income from House Property: (Sec. 22-27)

Profit and Gain from Business and Profession: (Sec. 28, 30,31,32, 35, 35D, 36,37, 40, 40A and 43B)

Capital Gain: (Sec. 45, 48, 49, 50 and 54)

Income from other sources: (Sec. 56- 59)

S. 80C, 80CCC, 80D, 80DD, 80E, 80U, 80TTA

Assesse, Assessment, Assessment Year, Annual Value, Business, Capital Assets, Income, Previous Year, Person, Transfer.

(D)    Determination of Residential Status of Individual, Scope of Total Income (S. 5)

(E)     Income from House Property (S. 22-27)

(F)     Profit & Gain from Business and Profession (S. 28, 30, 31, 32, 35, 35D, 36, 37, 40, 40A and 43B)

(E)     Income from other sources (S. 56- 59)

(F)     Exclusions from Total Income (S. 10)

(Exclusions related to specified heads to  be covered with relevant heads of income)

S. 80C, 80CCC, 80D, 80DD, 80E, 80U, 80TTA.

(D)    Computation of Taxable Income.

Section 2 –Assessee, Assessment Year, Assessment, Annual value, Business, Capital asset, Income, Person, Previous Year, Transfer

Basis of Charge:

Section 3- 9 -Previous Year, Residential Status, Scope Of Total Income, Deemed Income

Note -Exemptions related to specific Heads of Income to be covered with Relevant Provisions.

Section 15 – 17, Including Section 10 relating to

House Rent Allowance, Travel Concession, Special Allowance, Pension – Commutation, Leave Encashment, Compensation, Voluntary Retirement, Payment from Provident Fund

Income From House Property

Section 22 – 27, Including Section 2 – Annual Value

Profits & Gains From  Business & Profession

Vocation Section 28-32, 36, 37, 40, 40A & 43B.

including.: Section 2 – Business

Capital Gains 

Section 45, 48, 49, 50, 54 and 55

Income from Other Sources

Section 56 – 59

80 C – Payment of LIC/PF and other eligible investments

80CCC – Contribution to certain Pension Fund

80D – Medical Insurance Premium

80 DD- Maintenance and medical treatment of handicapped dependent

80E – Interest on Educational Loan

80 TTA- Interest on Saving Bank account

80U –  Deduction in the case of totally blind or physically handicapped or mentally retarded resident person

Capital Assets, Income, Person, Previous Year, Transfer

Residential Status (S: 6) for Individual assessee

¨          Income from House Properties (S: 22 to 27)

¨          Profit and Gain From Business (S:28, 30, 31, 32, 35, 35D, 36, 37, 40, 40A 43B.

¨          Capital Gains (S: 45, 48, 49, 50, 54, 54 EC) restricted to computation of Capital gain on transfer of residential house property only

¨          Income from Other Sources (S: 56 to S: 59)

Exclusions From Total Income (S: 10)

Exclusion related to specified heads to be covered with relevant head.eg. Salary, Business Income, Capital Gain, Income from Other Sources