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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.

22 Deepali, Pitampura, VKS


Delhi - 110034.
Email: vks@taxmann.com
Phone: 27016686, 9810008160




 
 

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

    


     
       
     
    ­   
        
      
      
       
        
            
 €‚  
          
 ƒ    
      

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

       


 ƒ  €   
 ƒ   €   
 „   
 „        
        
     

11
PERMISSIBLE DEDUCTIONS FROM GROSS TOTAL INCOME

         †„ †‡ 


 


    
      
     
    
        
      
  
        
     
     
    
       
       
        
     
      
   
   
    
  
 
  
  
  ­ 
   
   
   
  € 
 
 
   ‚ ƒ„
 
    
     
    
   †‡ˆ‰
 ƒ    
      
   ‚  
  Š‹‚Š‹Œ 
        
       
   
 Ž    
         
   
 


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

  


   
    
  
 
 
  
    
     
     
     
   ­€ ‚€ƒ  

16
RETURN OF INCOME

      


   
 


  
  
   
     
  
     
    
        
   
  
     
    
   
     
  ­  
   € 
     
    
‚ 
   

17
ADVANCE PAYMENT OF TAX
     
      
     
 ƒ    

18
DEDUCTION AND COLLECTION OF TAX AT SOURCE
   „   „  
     
       
  
      
     
        
     
†† 
       
       
  
       
         
       
  
 


279.          
280.      
  
281.      
282.         
283.     
283A.         
    ­ 
283B.      €‚  ƒ 
283C.      „   
  
284.       
284A.        
284B.       †
      
284C.          
 
284D.         
284E.        
284F.        ‡ 
284G.        €
 ‡ 
284H.    €ˆ   
‰Š 
284-I.     €‚ 
284-J.      
284K.             
       
284L.   ‡ 
284M.       
284N. €  †  €  
284-O.         
285.       
285A.           
286.        ‹ƒ 
287.             €
ˆŠ  Œ  
288.           
289.       
290.   

19
INTEREST PAYABLE BY ASSESSEE/GOVERNMENT
296.       
297.     
 



  


  

20
PERSONAL TAX PLANNING
       
    
   
   
    
       
   
  
        
      
    
       
  
         
         

21
e-FILING OF INCOME-TAX RETURN
     
   
   
   
  
  
   


  
 
    
       
      
 †    
  ­
   
          
      
           
        
  ­€­­ ‚‚
 ‚
                       
   €    
‚  ƒ„ƒ

       


     †‡
   ˆ       ‰            
      Š
  
 
‹‰   †  ‡
          
    Œ
 ˆ‰  †Ž‘‹‡    ƒ „ ƒ   
ƒ„†‡ †       
  ’ „‰‡
       

  

      


   
 
     
         
   ­         €‚ƒƒƒ      
 „ € †‚‡
                   ˆ
 €       
                        €
       ‰Š
                        
 ˆ€     €     €
‹ €                 €  
 €     Œ€  
 €      Œ 
         
           
     €                   Œ  
Ž€  €  
  ‘’€€ € €   €




       
                       
­€     ­€ 
 ‚  ­­€ƒ„  ­
  ­ ‚­†   
 ‡ƒˆ       
 ­€
†‰   ‰  ­‰    
  ‡             †‰   ‰  ­
‰    ‡  
   ­Š     ‡ 
‚­   ‡ ƒ  Š   
  €­ ‹  

      


† 



       ‚  ŒŽƒ‘
       ­€ 
 ’­€  “­€ 
†           
           
             
   
             
   
             
  
 ­        
  €
        

           


       
                    
                            
           

               
         
    
         
   
   
            ­€
‚            
ƒ     „            
  
       
            
†      
    ­  €
‚            ‡ ˆ
           ‡ ‰

                   ­     € 
 ­‚   
    
€   

 
         
       ­ € 
‚   ƒ           ­ € 
Š„            ­†      ­ 
­     ‡       ˆ ‰  
 Š 
‹    ‹ ŒŽ‘ Ž’‹  ‰“
      ’­  ”•   ˆ 


•–     —    


   
 
Œ  ­  Ž ‘    ˆ   ƒ ’ 
­   ‰
“ ” ƒ   Ž ­   ‰ ” ’ 
†      Ž    Š ” ’ 
    
• –   Šˆ  Ž ƒ   — ˜  ” ’ 

™   ­  Ž š  › –  ” ’ 

‹œ
     ž           ­›œŸ    
         
            
  

    
                       
           ‡
   
         
        ­
€‚ƒ„ ƒ ƒ††€
‡    
         ˆ  ‰
           Š
       
‹  
Š          
          
Œ    
„ Ž‚  
    †  
‘      
ˆ  ’      

ˆ   ‡“”•– 
  
             ƒ           
‰  Š  
      —   ‰  Š
  
       —       ‰
   —    
          
ˆ  ˜  ‰ 
‰    
 Š             
   —     
 ‰  ™‘
‹ ‰  Š
 “ ™š ‹šŠ “ ™š“  
 ƒ‚   
      
         ™    ›     ­ œ  ­ ˆ ™ 
­ˆ     
ˆ   ‰
       
           
ž   
   —     
   žž•
   —   

ˆ     
ˆ    

         


†             
‡­€  ‚ ƒ „     ††‡ˆˆ‰
      „     
         

                       
            
 
     
   
                
            
            
   
               
           
               
           
   ­€      
             ‚
       
  
   
        
ƒ „
         
    
                         
 ­†‡    
 ƒ „ˆ
  ‰
   ‰
   ‚ 
Š   ƒ„ 
           


 
          
         
         
­    
€ ‚     
‚    

              
     ‚ƒ„  †
‚‡ˆ‰Š ­€­‚ƒ €         „
        „
†           ‡ˆ
€  ‰    ˆ  Š‹  €  Œ€  
      „
Ž               
    ‘         „

      
€        
      €            
251 CAPITAL GAINS EXEMPT FROM TAX U/SS 10 & 115JG  Para 95.2

      


    
      
Computation of short-term capital gain Computation of long-term capital gain
1.see  1.see
2. Deduct    2. Deduct  
a.   a  
   see       see   
b. see   b.    see    
see  

c. see  c.    see    
       see 
 
3.   3.  
­ €‚ƒ €„ƒ €  € †see ‡ ­ €ƒ €‚ƒ €„ƒ €ˆ‰ƒ €ˆˆƒ €ƒ € ƒ € †
€ ‚see‡
4.Š ­  4.Š ­


      
     
     ­€
      ‚ ƒ„

 When the benefit of indexation is not available in the case of long-term capital asset    
    
        
       ­€‚ƒ„
     † 
‡       
‚‚­ˆ‚€‰ ­„
Š 
  
‹ ŒŽ    ƒ€
 ‹ Š            ‚‚ƒˆ ‚‚ƒˆ‘ ‚‚ƒˆ‘ˆ 
‚‚ƒˆŠ
’   
Capital gains exempt from tax under sections 10 and 115JG
 ‘ 
Œ 
  ˆ   
      “
ˆ  Œ 
ˆ  ”€ŠŠ•”€ŠŠˆ•
ˆ    ˆ‚­€€•–•‚­€‚­
   ­€ 
ˆ   –•‚­€‚­   
‚€ 
ˆ   –•‚­€‚•  ”€‹
”€ŠŠ   ‚ƒ 
ˆ     Œ         — ‚ ­€­‚     
        ­ƒ€€€€
‚€„

         


        



          


                     
        
   ­ €
‚       ­
     ƒ„„ ƒ„„‚ €
  ‚   
 †‡ˆ‰  ‚
  †‡ˆ‰  
      

Š ‹   Œ‡Ž Œ  ‡
Ž‘ 
 ‘   ‘‰
Š’
  ‡ 
 “
  ”     
”        • 
       ‹ 
   Š–   ‡–  Œ 
    •   
       
     
Š  •  
‘ ‰
       

  
— ‚˜–     
        
ˆ  
   •”     
”•  ™ ‰
  •  ‚˜ŠŠ —˜‡ 
      
 
      
 ‡      
    
 ‡     
  

   ­Ž       š—
  ‚­‰€
    €   ‚ ƒ   Š        •
      Š      — ‚‹    
 ‚   
  „ †™–
                      
        Œ 
 › Š–  
      

    WHAT IS FULL VALUE OF CONSIDERATION [SEC. 48]


   
     
 
 
Adequacy of consideration -   
    
  
Receipt of consideration - 
    ­ 
If consideration is not determinable - € 
  
‚ ƒ„

    HOW TO FIND OUT EXPENDITURE ON TRANSFER


 ­  ­  
 †­­  ­  
­  
­   ­  ‡            
         ­       
­  


    WHAT IS COST OF ACQUISITION


ˆ     ­
  
 
†  
  ‰ Š‹ ŒŽ ƒ  Œ
 ‰ Š Š‘   
’ Œ ’ Œ ’ Š ŠŠ Ž ‹ Š
 Ž ‹ Š   
’ Œ     ’ Œ   
  
’ Œ

    WHAT IS COST OF IMPROVEMENT


ˆ­  “”
  ­
  ­

Improvement cost incurred before April 1, 2001 - ˆ Š
 † ­

    HOW TO CONVERT COST OF ACQUISITION/IMPROVEMENT INTO INDEXED COST OF


ACQUISITION/IMPROVEMENT
­ •

Cost of acquisition Cost inflation index for the year in


 which the asset is transferred
Cost inflation index (CII) for the year in which asset was first held
by the assessee* or 2001-02, whichever is later

– —‘‚see  


   

  

  


  
      



       


       
       
       
       
     
     

 
      
     
       ­ €
   ‚ ƒ
„   †‡ˆ ‰ƒ ‰ 
„‚   †‡ˆ   
  †‡ˆ ‰€ Š‹ ƒ
‚ ‚ ƒŒŠ †‡ˆ   
Ž‘  †‡ˆ ƒ  
‚‚       ‘‚‚Œ‡
   ­€   ‚
     
†‡ †‡ †‡
ƒ „  † ‡‡ ‡‡ ‡‡
’“
 ˆ ‚ ‡‡ ‡‡
  ˆ ‡‡ ‚ ‚
  ‡‡ ‚ ‚
‰ ‡ ‡ ‡
Š    ‡‡ ‚ ‡‡
‹   ‚ ‡‡ ‚

”•
‡Œ€   €Ž‰€€Ž
‡‘ „ †Ž
‡   ‡  ’ ‡
   ­Ž
‹‡   ˆ “Ž‡‡„‡‡‡“Ž‡” •  
†Ž
ƒ‡   “Ž‡‡„‡‡‡“Ž‡‡” • 
†Ž

    
                         

   

   


     
    
   
    
   ­
  ­
  €
  
    
  ‚  ƒ„
   
   
      
      
     
   ­
      ††‡­
    ­
      
 „  ­
   „  ­
       
ˆ  ‰ Š ‹ 
    €
   
      Œ  Ž                

       ‘            
   
                   
 


          
      
        
­ €   ‚ƒ ƒ  „  

     


  
     
’

 
        
   ­ €  ‚ ƒ „


        


          
  ­  €  
         


  
 
  ­€‚ ƒ 
 „ 
  † ‡ˆ ‚
‰ Š  ‹ ˆ  ƒŒ  ‹ 
  ‰ Š  Ž‚    
ƒ‘

 ­€
 Œ‚’ “ŒŒ  ”‡ •ŒŒ  ” ˆ ƒ –€ –
—  ‡ –

 Cost of acquisition being the fair market value as on April 1, 2001      
          
 
         
           
          


‰‡  €€ ˜’­ ™ „ ‰  
’€ Œ  ’  š„
’­   „ ‰   ’€ ‰ „
‰   „

­      €


                     ‚       
    
           
    
­     ƒ     
 „  
         
  
­  
†           
  ‡           
   ‡           
  

 
  
š   › 
   ­    €
 ‚  ƒ  ‚ 
  
„    ­   ­  
„†‡ ˆ ‰   
 ‰  ‰­  Š 

        


          
  ­  €  
     

“ ”  •


    
      
     

  
           
       
    
­ ­ ­
   
    ­  €   €  
€‚
‚ ƒ  ­ „  ƒ ­ €
‚ ­ €ƒƒ  
†‡  „  „ €  ˆ
ƒ„
­ †‡ˆ‡        ‰‚ 
‰Š  ‹‰„­ ‰Š Š‚‚
  ‡ ƒ ‰Š‚‚­­ „„„‡  ‡ Œ  ‰
‚‹‰ƒ  ­­­‹‰„­ Žƒ ‘ ‰
­ †ˆ Œ     
‰Š „„„‡Œ ‰‚
 ˆ‡ ­‹‰ˆ ‰Š‚‚  ˆ‡ ­ ˆ‰‚‹‰­ €ƒƒ­­‹‰ˆ Žƒ ‘ ˆ‰
‰­ †‡       ‰‚ 
‰Š  ‹‰  ‰Š Š‚‚
  ‡ ƒ ‰Š‚‚­­ „„€‡„„  ‡ Œ  ‰
‚‹‰ „ ­­‹‰  Žƒ ‘ ‰
­ †   ‡                    Œ
     ‰Š‹‰  ‰Š Š‚‚
 ‡ ƒ ‰Š‚‚­­ ƒ‡ˆ „‰‚‹‰ ƒ ­ €­­‹‰
 Žƒ ‘ „‰

                 † 

       
 
        
        
         ­
      
       ­    

 ŒŒ  ††‰


 ’  ‡ Œ 
Œ‰

†       



‡      
         
        
     ­     €‚ƒ„€  
ƒ „ †ƒ€† ƒ €‡„ ‡„ ˆ‰Šˆ‰Š 
  ‹€‚ €‚ ƒ
††    ŒŒŽŒ  
                   Ž       
  ‘’ Š     
   
        

  - 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).

 
           
  ­    €‚       ƒ„  
€  †  € ‡   ˆ 
„    ‰ „Š‹ 


     
      
       ­
€ ‚ ­ ƒ
„ †‡ƒ ƒˆ
‚ ‰ €‹‰   
     Œ  Š‡‰ 
 Œ†‡ƒ‡‹  Š‚ ­   
‡Œ  ‡
Ž „   ‹€ € ‘ ’„  ‰ “
  


     
      
Ž ˆ
     ‘
†‡ˆ  ˆ
€ ‚ ­ ƒ
 ƒ
‚ ‰ €‹‰    Œ  
 ‡Œ Š‡’ Œ†‡ˆ 
       “†‡”    
   “†‡‡  

’  ˆ„

Œ†‡”†‡ ˆ
•‘ „
Š  ­­„
Ž „   ‹€ € ƒ„  € 
” „   €‚  ­Š •† 
   ˆ „    ‰ „Š‹ 


     
      
     
†‡”†‡„”†‡„  
€ ‚ ­ Š „
 ƒ
    ƒ
‚ ‰ €‚‹‰  Š   ‡
Œ Š‡’ Œ†‡ˆ  
259 WHEN ADVANCE MONEY WAS FORFEITED EARLIER  Para 101.4

       


       

     

­ €     ‚
ƒ„  
†‡ˆ € ‰ 
†  ˆ  ‚‰ 
€ ˆ  ˆ ‡ˆ  Š‹ Œ
      ­    ‚„     Ž
„

    


       
       
                     
  
        
                       
        
      
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  
          
          ­
       
  

 
                           
   ­€‚ ƒ   ƒ „       
†      €    ƒ       ‡‚  
†„   
‡      ˆ   €  ‰ ƒ  ƒ   ‰ 
     †          ƒ     ‡Š ‡
      ­   ‹ ƒ  ƒ ‹  
        †      €  ‡  ƒ   
‡    Œ ˆ ­ŽŠ   ‘ ’    
 ‡          ‡       
     †     

Š  ƒ               ƒ    †    
 ˆ‘ ˆ„ ’  ˆ­ 
 “ ‘
Š ƒ    ‡   ƒ  €  „
  Š”‡ •  ˆ­  
“ ‘
Š ƒ    ‡   ƒ   ˆ
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–’ˆˆ —  ŠŠ‡Š€ˆŠŠ‡ŠŠ
‹      ‡     “

    ”Š‚
’„­ Œ­    Š€˜™’’ŠŠ‡ŠŠ ‹‰š
’’ŠŠ‡‹  Ž ‹
›‡ˆ ”ŠŠ‚‚
        


   
 
     
  
          ­
  € ‚     
ƒ     „ 
 ƒ‚ ƒ € ƒ„ 
 ƒ €  † ‡
 ƒ € ‚ ˆ ƒ  
    
ƒ „ 
  

 
            

      
      
  ­  ­   


 
     ­€      
€    ‚ƒ  ­  „     €       ƒ       
 „
‰    €Š  € ‹‡  ƒ
  Œ Ž  ‡ ‘ €     ƒ ˆ ƒ  
 ’‚ €  €  Š  „“   
”  ‚€Š „ ‹“  ’
 “    ƒ                  ƒ    ˆ  
€ ‚  ’„   ­

• €  ‚  Š€  €„ ‡
–ˆ ‚‹— €‹‡–‹˜
  ’–†„ ‡’’’
     ‡‹
       €  ˆƒ  ’ 
’‚‡­  Š€  € – ‡„
 “     € ƒ€  ƒ     €
Š   €  €    ‡†‡‚ ƒ „ €
   €Š   €  €    ‡ ‡†‚ 
   „     ƒ  ƒ  ˆ‰   €Š 
  ‡      ƒ  ƒ  ˆ

   €  


       ‚ƒ 
­   „       
„      
  
   

 
                         
        
       ­€‚ ­ ƒ  
 
        

        
„  ­€‚ ƒ„ †  ‡ ƒ
ˆ   ‡ƒ

Transfer of capital asset by a firm to its partner [Secs. 9B and 45(4)] - 
        
    
 ­

 
     ‰Š‹ƒ‹
†€ Œ ­   ŒŽ‚   ‚‘ ’    ‚
  Œ€‚ƒ€‚‹ƒ  ‚
‘  “  €‚ƒ ­‚” 
   Œ          • €‚ ‹ƒ    ­• €‚    
­•–  ƒ  ‚
  €‚   €‚‹ƒ€‚    Œ
   ‰Š‚
†€”Š   ”Ž‚   ‚Š     —    
 •€‚   ‚” 
  Š —˜‘€‚  Š
 ‚
Š€‚  ‚  Š‚™    
 ‹ƒ‹ €‚  
Š‚

€      ‚


    
Specified entity -
      ­
Specified person - 
         ­
Reconstitution of specified entity - ƒ„  †
       ‡
       
     
   ‡
       
­
 Self-generated goodwill - ƒ    ˆ 
          

                   ‰
‚
Conditions to invoke section 9B - €    i.e.
Š‹Š€    i.e. ­€
     
­
        

     


            
           
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             
   

                
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                   
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„  †          
         
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­ˆƒ‰ ‡Š

‹ 
­ˆ       „  †
ƒˆŒ            
ˆ            
  
Šˆ       
     
   ‡
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 ƒ      
                   
            
 „‘   †    ’ƒ
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        
           
„  †        ­ƒ
 ”      „  †„   †  
 “            
     
  ‹                        
              
 ’ƒ          

 
         
              
     ­€‚   ƒ „  
       †
­   
­ ‡­ ­    ˆ ‰  € ƒ
­ Š    ˆ ‹€ ˆ ‹€Œ    ‹ ­‹€
€    ˆ ƒ
Ž  ‘Œ    ­’
  

     




 
 
       
   ­€ €€€ € €€€
 ‚ ƒ„ € €€€ †‡ˆ€€ †  ‡€€ ‰
 Š‹  ‰ € €€€
ŒŽ ‹ ‘ €Ž†    
     †€€ ‰
       ‘  €Ž†       
   ‰ †€ €€€

     


 ­€ ‚€‚ƒ„

ƒ„ ƒ„
†‡  €€ €€ €€€ „ˆ
†‡ ƒ ‰€ €€ €€€  ƒ ‚Š Š‹ €€€
†‡ ‰ €€ €€ €€€ †ˆ ‚‰ ƒ‹ €€€
‡ ‚ Œ‹ €€ €€€
ƒ ‹‹ €€ €€€ ƒ ‹‹ €€ €€€

 ­€ ‚€‚ƒ­‡Ž„ ‚€ €€ €€ €€€ 


 ‘ ‰€ €€ €€€  €„’‡ “‡
   ”­• †‡
 ­€ ‚€‚ƒ‡ € €€ €€€­‡‡‡–‡ƒ€ ‚€ƒ‰
—‡˜™‡­ “”„­‹ š„­ 
  ­„„ ­
„„
    ‹              ƒ„  € €€ €€€„ ’   Ž
 “‹‘ƒ„‡ ­€ €€ €€€„’



”‘   ‡ ­€ €€ €€€
‹ •  € €€ €€€
Š‹Ž ‹‹  ‹  ‘
€Ž†  –Š• ­ € €€ €€€

•­ ­ „‡


‡„„ š  ‡‡‚€ ‚€‚‚ ‚ €€ €€ €€€ ›˜‡‡  €€ €€€
“„„˜™‡



     Ž   €€ €€ €€€

Ž Š‚ Ž  
Ž Š‹  
Ž —‹    ‘  † €€ €€€
Ž   ‹  
 ‘ €Ž†  ƒ„­ € €€ €€€ƒ„€ €€ €€€ ­ €€ €€ €€€
ŒŽ ‹’‘  ‘ €†Ž ‡ ‡ €€ €€€
        

  
                        
             
   
   †    
             
       
        
            
              
       
           
      ­       
                           
         

 
                
           
  ­ €     ‚ƒ    „„  
ƒ   †„„„ „     †      „ 
      ‡ˆ„ƒ   ‰   „   Š
      €   ‹ „ Œ
Ž ‘        ‰   
   ’   ’   ˆ Š
   

   
“     
 ­ €‚ƒ „ „„ƒ
“    
†‡  ‡ ‚
   ’ ˆ   €’      ˆ
   
“ 
 ”
   ”
  
†‡  ‡ „
” € ‰Š‹Œ‰‰€€

                  € 
               ‚      
      ‚    ƒ 
       
           €  €
       €  

 
 ’  „• –—˜ ™ ­     
   „€   ™ —„   “  €  
ˆ‘„     Š— ™ —„   “    š ›  
ˆ‘„  š   œŠ

† 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:

Interaction of the author/teacher with their students in the classroom

Shaped by the author/teacher's experience of teaching the subject

matter different levels

Reactions and responses of students have also been incorporated at

different places in the book

[Self-Learning/Practice Book] Features teach yourself technique enabling students to learn faster

[Analytical Discussions] Each para starts with analytical discussions

[Well-Thought-out-Original-Problems] A unique style of illustrating all complex provisions has


been adopted throughout this book

[E-Filing of Income-tax Return] Case studies have been prepared for students to generate
E-Income-tax Return

[Zero-Error] Follows Six-Sigma Approach to achieve the benchmark of 'Zero-Error'

ORDER NOW

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