Income Tax: Law and Practice textbook for Kannur University B.Com. V Sem students. This is a simple and comprehensive text on Income Tax intended for the students and teachers at graduation level. The complicated theories have been simplified in this book to the maximum extent possible with large number of supportive illustrations and examples, with a student friendly approach. The book has been written incorporating all the amendments in the Income Tax Act and Rules relevant for the assessment year 2021-22.