9789356223721_PR
9789356223721_PR
9789356223721_PR
Income-tax is a multi-dimensional subject. It not only requires intellect to understand but also proper
planning to undertake its effective study. In this backdrop, a text-book on income-tax for students
has necessarily to be written in a simplistic language, concise size and should essentially be well
structured. In addition, the book needs to explain the provisions of law in a step-by-step approach
along with suitable illustrations, without resorting to paraphrasing of sections and legal jargon. The
present work conforms to the aforesaid criteria. Students will find that each topic has been
discussed with clarity, followed by point-wise recapitulation.
This book, which is designed to bridge the gap between theory and application, stands out distinctly
from others on account of the following salient features:
The law stated in this book is as amended by the Finance Act, 2022.
The presentation of the subject is designed on “teach yourself” technique which enables the
students to learn faster.
Each para (with a distinct number) starts with analytical discussion supported by well-thought
out original problems. A unique style of illustrating all complex provisions has been adopted.
The book is amended up to August 1, 2022.
Chapter 20 is added to cover syllabus of Paper BCH-3.5(d): Personal Tax Planning.
E-filing of income-tax return is discussed in Chapter 21. A few Case Studies have been prepared
for students to generate e-income-tax return.
Readers’ views, comments and criticism relating to the present work are most welcome.
1
BASIC CONCEPTS THAT ONE MUST KNOW
2
RESIDENTIAL STATUS AND ITS EFFECT ON TAX INCIDENCE
3
INCOME THAT IS EXEMPT FROM TAX
4
INCOME UNDER THE HEAD “SALARIES” AND ITS COMPUTATION
5
INCOME UNDER THE HEAD “INCOME FROM HOUSE PROPERTY”
AND ITS COMPUTATION
6
INCOME UNDER THE HEAD “PROFITS AND GAINS OF BUSINESS
OR PROFESSION” AND ITS COMPUTATION
7
INCOME UNDER THE HEAD “CAPITAL GAINS” AND ITS COMPUTATION
8
INCOME UNDER THE HEAD “INCOME FROM OTHER SOURCES”
AND ITS COMPUTATION
9
CLUBBING OF INCOME
10
SET OFF AND CARRY FORWARD OF LOSSES
11
PERMISSIBLE DEDUCTIONS FROM GROSS TOTAL INCOME
12
MEANING OF AGRICULTURAL INCOME AND ITS TAX TREATMENT
13
INDIVIDUALS - COMPUTATION OF TAXABLE INCOME
14
HINDU UNDIVIDED FAMILIES - COMPUTATION OF TAXABLE INCOME
15
FIRMS AND ASSOCIATIONS OF PERSONS - COMPUTATION
OF TAXABLE INCOME
16
RETURN OF INCOME
17
ADVANCE PAYMENT OF TAX
18
DEDUCTION AND COLLECTION OF TAX AT SOURCE
279.
280.
281.
282.
283.
283A.
283B.
283C.
284.
284A.
284B.
284C.
284D.
284E.
284F.
284G.
284H.
284-I.
284-J.
284K.
284L.
284M.
284N.
284-O.
285.
285A.
286.
287.
288.
289.
290.
19
INTEREST PAYABLE BY ASSESSEE/GOVERNMENT
296.
297.
20
PERSONAL TAX PLANNING
21
e-FILING OF INCOME-TAX RETURN
†
†
‡
†
251 CAPITAL GAINS EXEMPT FROM TAX U/SS 10 & 115JG Para 95.2
When the benefit of indexation is not available in the case of long-term capital asset
Capital gains exempt from tax under sections 10 and 115JG
Cost of acquisition being the fair market value as on April 1, 2001
†
- On transfer of depreciable assets gain (or loss) is always short-term capital gain (or loss).
It can never be treated as long-term capital gain (or loss).
259 WHEN ADVANCE MONEY WAS FORFEITED EARLIER Para 101.4
Transfer of capital asset by a firm to its partner [Secs. 9B and 45(4)] -
†
† However, the amount of compensation received in pursuance of an interim order of the court, Tribunal or other authority shall
be chargeable to tax in the previous year in which the final order of such court, Tribunal or other authority is made.
Students' Guide to Income Tax |
University Edition
AUTHOR : Vinod K. Singhania , Monica Singhania
PUBLISHER : TAXMANN
DATE OF PUBLICATION : August 2022
EDITION : 67th Edition
ISBN NO : 9789356223721
NO. OF PAGES : 616
BINDING TYPE : PAPERBACK Rs. : 995 | USD : 47
Description
Taxmann's flagship publication for Students on Income Tax has been designed to bridge the gap
between theory and application. This book is written in simple language, explaining the provision of
the law in a step-by-step manner – with the help of suitable illustrations, without resorting to
paraphrasing of sections and legal jargons.
This book is an authentic, up-to-date & amended textbook on Income Tax for students of B.Com.,
M.Com., MBA and other Professional Examinations
The Present Publication is the 67th Edition, amended by the Finance Act 2022 & updated till 1st
August 2022. This book is authored by Dr Vinod K. Singhania & Dr. Monica Singhania, with the
following noteworthy features:
[Student-Oriented Book] This book has been developed keeping in mind the following factors:
[Self-Learning/Practice Book] Features teach yourself technique enabling students to learn faster
[E-Filing of Income-tax Return] Case studies have been prepared for students to generate
E-Income-tax Return
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