Subject: Commerce

Class: B.Com./B.B.A.
Year: III
Name of Paper: Income Tax
Sub Topics: INCOME FROM SALARY -IV
Key Words: ALL OWANCES –FULLY TAXABLE,PARTLY TAXABLE ,FULLY
EXEMPTED .

Prof. K. S. Jaiswal
Head
Department of Commerce
Former Dean & Director
Faculty of Commerce & Management Studies
Mahatma Gandhi Kashi Vidyapith
Varanasi-221002
Email:kjaiswal_2001@yahoo.co.in / ksjaiswal@mgkvp.ac.in
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Prof. Kripa Shanker Jaiswal
 ASSIGNMENTS
SHORT –TYPE QUESTIONS:
1. What is Allowances ?
2. What do you mean by Partly Taxable
allowances?
LONG –TYPE QUESTIONS:
1. Describe the provisions of Indian Income –Tax
Act related with House Rent Allowances .
2. Describe Entertainment Allowances .
3. What are the special allowances .
 REFERENCES
1. Income Tax- Taxman Publications
2. Income Tax Law and Accounts- Dr. H.C. Mehrotra & Dr. S. P.
Goyal, Sahitya Bhawan Publications, Agra-03 61st Edition
3. Income Tax Law and Accounts Dr. R. K. Jain, SBPD Agra-02, 25th
Edition
4. Income Tax Law and Accounts- Dr. B. K. Agarwal & Dr. Rajeev
Agarwal, Nirupam Sahitya Sadan, Agra-02 28th Edition
5. Amended Indian Income Tax Law
6. The Finance Act 2020
7. www.incometaxindia.gov.in