Taxmann’s Students Guide To Income Tax (University Edition) by Vinod K Singhania – 65th Edition August 2021

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 65^th Edition, amended by the Finance Act 2021 & updated till 5^th July 2021, 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:

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

o   Shaped by the author/teachers experience of teaching the subject-matter at different levels

o   Reaction 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 also been prepared for students to generate E-Income-tax Return
• [Zero-Error] Follows Six-Sigma Approach to achieve the benchmark of ‘Zero-Error’

Also Available:

• For Solutions to the unsolved exercises, students may refer to ‘[23^rd Edition] Taxmann’s Students’ Guide to Income Tax including GST Problems & Solutions’

The contents of the 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’ 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
• Personal Tax Planning
• e-Filing of Income-tax Return