Students' Guide to Income Tax & GST : Assessment Year 2024-2025

Book Purchased Under BCOM Funds @ Rs. 1695/- with bill no: 359/- dtd: 21/08/2024

The contents of the book are as follows:

Income Tax
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' and its computation
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 – Computation of taxable income
Firms and association of persons – Computation of taxable income
Return of income
Advance payment of tax
Deduction and collection of tax at source
Interest payable by assessee/Government
GST
Basic concepts of GST
Concept of Supply
Levy of GST
Exemptions from GST
Place of supply
Time of supply
Value of taxable supply
Reverse charge mechanism
Input tax credit
Composition Scheme and Alternative Composition Scheme
Registration
Tax invoice, credit and debit notes
Returns, tax payment and interest
Provisions governing Real Estate Services
Problems on GST
Appendix
Tax Rates
Question set for CA (Intermediate) Examinations and Answers
Depreciation rates for power-generating units
Answers to unsolved exercises

Students' Guide to Income Tax & GST
By Vinod K. Singhania, Monica Singhania
Taxmann's flagship publication for students on Income Tax & GST Law(s) bridges the gap between theory and application with clear, step-by-step explanations and illustrations. It is tailored for CA Intermediate, CS Executive, CMA, B.Com., M.Com., MBA, and other professional examinations. The book includes comprehensive coverage of Income Tax and GST, over 500 solved problems, past exam questions, and numerous student-friendly features to enhance learning and practical application.

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