The document provides an overview of key concepts in Indian income tax law. It defines tax, direct and indirect taxes. It then summarizes the history of income tax law in India from 1860 to 1961. Key concepts discussed include assessment year, previous year, persons, assessees, income, gross total income, and total income. Residential status is also explained, distinguishing between resident and non-resident individuals and Hindu Undivided Families.
The document provides an overview of key concepts in Indian income tax law. It defines tax, direct and indirect taxes. It then summarizes the history of income tax law in India from 1860 to …