Practical Approach to Income Tax Problems & Solutions with MCQs, True & False Questions & Fill in the Blanks.

Useful for CA Inter, CS Executive & CMA Inter, CFA, MBA & Graduate/Post Graduate Students & Income Tax Departmental Exams.

Description:

• A unique feature is that each Chapter contains summarised provisions in the beginning, to give a bird s eye view of the subject and to quickly recapitulate the important points.
• Last minute changes in the law have been incorporated in the book and it is, therefore, the latest and most upto date book for the Assessment Year 2024-2025. The amendments made by the Finance Act, 2023 have been incorporated at appropriate places in the book.
• A novel feature of this book is, that it contains 1000+ Multiple Choice Questions, 300+True or False Questions, 200+ Fill in the Blanks and 500+ Problems & Solutions, which helps students to recapitulate the concepts of Income Tax.

The Practical Problems include selected questions from the examinations of various Universities and Professional Institutes.

• The book is useful for the students appearing for CA Inter-IPC, CS-Exec. & CMA Inter, MBA and CFA examinations.
• It will also be useful for graduate/post graduate students of various Universities and Management Institutes as well as for the Departmental examinations of the Income-tax Department.
• It contains Problems & Solutions to: Systematic Approach to Taxation (For CA Inter-IPC) Systematic Approach to Tax Laws & Practice (For CS Exec.) Systematic Approach to Direct Taxation (For CMA Inter).

Contents:

1. Introduction
2. Scope of Total Income & Residential Status
3. Incomes which do not form part of Total Income
4. Income under the Head "Salaries"
5. Income under the Head "Income from House Property"
6. Income under the Head "Profits and Gains of Business or Profession"
7. Income under the Head "Capital Gains"
8. Income under the Head "Income from Other Sources"
9. Income of Other Persons Included in Assessee's Total Income (Clubbing of Income)
10. Set Off or Carry Forward and Set Off of Losses
11. Deductions to be Made in Computing Total Income
12. Agricultural Income and Its Tax Treatment
13. Assessment of Individuals
14. Assessment of Hindu Undivided Family
15. Assessment of Firms
16. Assessment of Association of Persons
17. Assessment of Companies
18. Assessment of Co-operative Societies
19. Return of Income and Procedure of Assessment
20. Deduction and Collection of Tax at Source
21. Advance Payment of Tax
22. Interest Payable to/by Assessee
23. Refunds
24. Penalties and Prosecutions
25. Appeals, Revision & References
26. Income Tax Authorities