Students' Guide to Income Tax (University Edition)

Also Incorporating:
•    Delhi University : B.Com (Hons.) : Semester III
      Paper BCH 3.5(d) : Personal Tax Planning
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Description
Income-tax is a multi-dimensional subject. It is 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 confirms to the aforesaid criteria. Students will find that each topic has been discussed with clarity , followed by point-wise recapitulation. The 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 a s amended by the Finance Act, 2020.
•    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 July 20, 2020
•    Chapter 20 is added to cover syllabus of Paper BCH-3.5 (d) : Personal Tax Planning
•    E-filling of income-tax return is discussed in Chapter 21.
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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" and its Computation
6.   Income under the Head "Profits ad 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 UIndivided 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
19.  Interest payable by Assessee/Government
20.  Personal Tax Planning
21.  E-Filing of Income-tax Return
Appendix 1 : Tax Rates
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Author 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 Univesity 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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