A PROJECT REPORT

ON

“INCOME TAX PLANNING FOR INCOME FROM

SALARY AND HOUSE PROPERTY IN INDIA”

SUBMITTED TO THE UNIVERSITY OF MUMBAI IN THE PARTIAL FULFILLMENT

OF THE DEGREE BACHELOR OF B.COM( ACCOUNTING & FINANCE).

SUBMITTED BY:SHUBHAM INDAL SINGH

T.Y.BAF

SEAT NO.:

ACADEMIC YEAR: 2018-2019

PROJECT GUIDE:

PROF. SUNIL KHATRI

B.COM M.COM (Advance Accounting) PhD (Pursuing)

SUBMITTED TO:

UNIVERSITY OF MUMBAI

SONOPANT DANDEKAR ARTS, V.S.APTE COMMERCE AND M.H.MEHTA COLLEGE, R.H.SAVE

INSTITUTE OF MANAGEMENT, PALGHAR DIST: PALGHAR PIN: 401404
UNIVERSITY OF MUMBAI
 ACKNOWLEDGEMENT

If words are considered as a symbol of approval and token of appreciation then let the
words play the heralding role expressing my gratitude. My successful completion of this project
report involved more than just my desire to earn a valued degree working on this project has
presented me with many insights and challenges.

I would like to thank the university of Mumbai for introducing bachelor of Accounting and
finance course, thereby giving its student a platform to abreast with changing business scenario,
with the help of theory as a base and practical as a solution- I am also thankful to the
management of
S.D.S.M College of PALGHAR for making all the facilities available and espousing the cause of
the research. I would like to thank our honorable principal Dr. Kiran Save.

I would like to express my earnest gratitude to Prof SUNIL KHATRI for his superlative
guidance and unflinching support throughout the project work. No development would have been
feasible had it not been for their excellent supervision, constant encouragement and careful
perusal, in completion of the project successfully.

Last but not the least; I would like to thank my parents & teachers for giving the best education
and friends for their support and feelings without which this project would have not been possible.
Many others without whose invaluable help and expert advice this project would not have been
the same ought to be cited.

With the completion of my project entitled

“INCOME TAX PLANNING FOR INCOME FROM SALARY AND HOUSE PROPERTY IN INDIA”

.’’

- SHUBHAM SINGH-
 DECLARATION

I, SHUBHAM INDAL SINGH A STUDENT OF SONOPANT DANDEKAR ARTS, V.S.APTE

COMMERCE AND M.H.MEHTA SCIENCE COLLEGE, R.H.SAVE INSTITUTE OF MANAGEMENT,
PALGHAR DIST:- PALGHAR, PIN:- 401 404 STUDYING IN T.Y.BAF HEREBY DECLARE THAT I HAVE
COMPLETED THIS PROJECT ON “INCOME TAX PLANNING FOR INCOME FROM SALARY AND
HOUSE PROPERTY IN INDIA”. DURING THE ACADEMIC YEAR 2018-19. THE INFORMATION
SUBMITTTED IS TRUE AND ORIGINAL TO THE BEST OF MY KNOWLEDGE.

DATE: SIGNATURE OF STUDENT

PLACE:
 CERTIFICATE

I, PROF. SUNIL KHATRI, HEREBY CERTIFY THAT SHUBHAM INDAL SINGH OF

SONOPANT DANDEKAR ARTS, V.S.APTE COMMERCE AND M.H.MEHTA SCIENCE
COLLEGE, R.H.SAVE INSTITUTE OF MANAGEMENT, PALGHAR DIST:- PALGHAR,
PIN:- 401 404 OF T.Y.BAF HAS COMPLETED HIS PROJECT ON “INCOME TAX
PLANNING FOR INCOME FROM SALARY AND HOUSE PROPERTY IN INDIA”
DURING THE ACADEMIC YEAR 2018-19. THE INFORMATION SUBMITTED IS TRUE
AND ORIGINAL TO THE BEST OF MY KNOWLEDGE.

PROF.SUNIL KHATRI SIGNATURE OF THE

SIGNATURE OF PROJECT GUIDE PRINCIPAL OF THE COLLEGE

SIGNATURE OF CO-ORDINATOR SIGNATURE OF

EXTERNAL EXAMINER
 INDEX

PAGE NO
SR.NO PARTICULARS

1 INTRODUCTION TO INCOME TAX ACT 1961 1