Students' Guide To Income Tax Including GST 2024-25

Book Purchased Under MCOM Funds @ Rs.1250/-

The contents of this book are as follows:



• Basic concepts that one must know

• Residential status and its effect on tax incidence

• Income that is exempt from tax

• Income under the head 'Salaries' and its computation

• Income under the head 'Income from house property'

• Income under the head 'Profits and gains of business or profession' and its computation

• Income under the head 'Capital gains' and its computation

• Income under the head 'Income from other sources' and its computation

• Clubbing of income

• Set-off and carry forward of losses

• Permissible deductions from gross total income

• Meaning of agriculture income and its tax treatment

• Individuals – Computation of taxable income

• Hindu undivided families

• Firms and association of persons

• Return of income

• Advance payment of tax

• Tax deduction and collection at source

• Interest payable

• GST

• Appendix

o Tax Rates

Taxmann’s flagship publication for Students on Income Tax & GST Laws with a specific focus on New Problems & Different Solutions. Besides illustrations & solved problems, it contains unsolved exercises based on the readers’ queries received by the authors over the years. This book is an authentic, up-to-date & amended textbook on Income Tax problems & solutions for students of CA Intermediate (Nov. 2022), CS Executive (Dec. 2022), CMA (Dec. 2022), B.Com., M.Com., MBA, and other Professional Examinations. The Present Publication is the 25th Edition and updated till 11th June 2022. Practical income-tax problems are solved per the law applicable for A.Y. 2022-23. GST problems are solved as per law amended up to 11th June 2022. This book is authored by Dr. Vinod K. Singhania & Dr. Monica Singhania with the following coverage: [Provisions of Income Tax & GST along with a Guide] Section One covers provisions of Income Tax & GST along with a guide for students to update and refresh their knowledge [Solved Problems on Typical Contemporary Issues of Law] Section Two covers solved problems, with a ‘specific emphasis on typical contemporary issues of the law in the recent years. These set of problems are unique as they have not been covered in any examination paper, nor these are found in similar print books [Solutions to the Problems showing the Right Approach] Section Three covers solutions to problems, similar to the unsolved exercises given in [67th Edition] of Taxmann’s Students’ Guide to Income-tax including GST. The idea behind this is to induce the students to solve the unsolved exercises on their own while they have a working model before them showing the right approach The contents of this book are as follows: Basic concepts that one must know Residential status and its effect on tax incidence Income that is exempt from tax Income under the head ‘Salaries’ and its computation Income under the head ‘Income from house property’ Income under the head ‘Profits and gains of business or profession’ and its computation Income under the head ‘Capital gains’ and its computation Income under the head ‘Income from other sources’ and its computation Clubbing of income Set-off and carry forward of losses Permissible deductions from gross total income Meaning of agriculture income and its tax treatment Individuals – Computation of taxable income Hindu undivided families Firms and association of persons Return of income Advance payment of tax Tax deduction and collection at source Interest payable GST Appendix Tax Rates