Students' Guide to Income Tax - Including GST (Problems and Solutions)

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Description
Also Incorporating
• Tabular Presentation of Income-Tax Law/GST
• Additional New Generation Solved Problems

Section One covers the provisions relating to income-tax law (as also GST) in brief. This section will serve as a guide to the readers to refresh and update their knowledge.
Section Two covers solved problems which are meant especially to illustrate practically the typical contemporary c of law in recent years. These new problems have hitherto neither come in any examination paper nor are these To be found in print anywhere.
Section Three covers solutions to problems similar to the unsolved exercises given in the Students' Guide to Income tax. The idea 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.
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Contents
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”
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 Carried Forward of Losses
11. Permissible Deductions from Gross Total Income
12. Meaning of Agricultural Income and its Tax Treatment
13. Individual – Computation of Taxable Income
14. Hindu Undivided Families
15. Firms and AOP
16. Return of Income
17. Advance Payment of Tax
18. Tax Deduction and Collection at Source
19. Interest Payable
20. GST
Appendix
• Tax Rates
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Author's Details
Dr. Vinod K. Singhania got his Ph.D. from the Delhi School of Economics in 1976. His fields of special interest include all facets of corporate legislation and corporate economics especially the tax laws. Associated in different capacities with several professional institutes and business houses in India and abroad, Dr. Singhania is author of many popular books and software published by Taxmann. He has to his credit more than 300 research articles which have appeared in leading journals. He has been a resource person in over 600 seminars in India and abroad.
Dr. Monica Singhania is Reader, Faculty of Management Studies, University of Delhi. She is a post-graduate from Delhi School of Economics and a Fellow Member of the Institute of Chartered Accountants of India. She has the distinction of being placed in the merit list the University examinations conducted by both the University as well as the Institute. She has been awarded Ph.D. in the area of corporate taxation from the University of Delhi. She is the author of 7 books on direct tax laws and several research papers which have been published in leading journals.
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