Indian Income Tax law is a subject full of legal jargons and complexities, which keep on changing every new financial year. In spite of this fact the importance of this law in our routine life cannot be ignored. Whether it is filing of Income Returns on due dates or whether it is a financial decision to invest in an asset, every where the Income Tax provisions play a major role in driving of the cost factor

We at www.amcount.com have made a sincere and genuine attempt to simplify this law to such an extent that the purpose and objectives of framing this law is reached to the common masses. Simply filing of Income Tax returns on due dates is not knowing about income tax since one has to also understand that why and what income/ loss is being declared in such return of income and whether it is detrimental to the future income prospects of such assessee.

Information contained on this portal covers the following salient features:

• Usage of simple and easy to understand language that enables quick understanding of assessee specific provisions.

• The information is designed keeping in mind the Self Tutor methodology of studying topics.

• Tabular formats used at most instances for better conceptual clarity through systematic reading.

• Hyperlinks given to various definitions in a looping manner.

• Series of 'Please note' Modules to ensure that points though small yet important are not missed out.

• Illustrations given at appropriate places for better understanding on various issues.

• Modular calculators, e.g. HRA calculator, Gratuity calculator, Leave Encashment calculator, Advance Tax calculator, Capital Gain calculator etc. being provided at appropriate places after discussing respective provisions of law for making quick hassle free calculations.

• The law stated here is as amended by the Finance Act, 2009 to ensure that whatever you learn is the latest and best of its class.

For any comments, suggestions and criticisms please feel free to write us at amcoun.mumbai@amcount.com

Wish you best of luck for your entire voyage of www.amcount.com and hope that our attempt of making you aware of income tax law helps you substantially in your future representations.

Team IndiaTaxes
Pune.