{"product_id":"taxmanns-students-guide-to-income-tax-university-edition-flagship-publication-that-is-student-focused-simplified-and-well-structured-for-students-in-commerce-accounting-and-law-ay-2024-25","title":"Taxmann's Students' Guide to Income Tax | University Edition – Flagship publication that is student-focused, simplified, and well-structured for students in commerce, accounting, and law | AY 2024-25","description":"\u003cp\u003e\u003cb\u003eAuthor:\u003c\/b\u003e Dr. Vinod K. Singhania\u003c\/p\u003e\u003cp\u003e\u003cb\u003eBrand:\u003c\/b\u003e Taxmann\u003c\/p\u003e\u003cp\u003e\u003cb\u003eEdition:\u003c\/b\u003e 71st Edition | August 2024\u003c\/p\u003e\u003cp\u003e\u003cb\u003eBinding:\u003c\/b\u003e paperback\u003c\/p\u003e\u003cp\u003e\u003cb\u003eNumber Of Pages:\u003c\/b\u003e 608\u003c\/p\u003e\u003cp\u003e\u003cb\u003eRelease Date:\u003c\/b\u003e 06-08-2024\u003c\/p\u003e\u003cp\u003e\u003cb\u003eDetails:\u003c\/b\u003e Taxmann's flagship publication for Students on Income Tax has been designed to bridge the gap between theory and application. This textbook is designed with the student in mind, providing a simplified, concise, and well-structured approach. It explains the provisions of the law in a step-by-step manner, supplemented with appropriate illustrations, while avoiding the paraphrasing of sections and legal jargon.\u003cbr\u003e\n\u003cbr\u003e\nThis book is tailored for students pursuing commerce, accounting, finance, and law courses, where a solid understanding of income tax is essential. It is also ideal for professional course aspirants preparing for exams such as CA (Chartered Accountancy), CS (Company Secretary), CMA (Cost and Management Accountancy), and other similar certifications.\u003cbr\u003e\n\u003cbr\u003e\nThe Present Publication is the 71st Edition, authored by Dr Vinod K. Singhania \u0026amp; Dr Monica Singhania, with the following noteworthy features: [Updated and Amended] The content is amended up to July 15, 2024, ensuring students have the latest information [Self-Learning Design] The book employs a 'teach yourself' technique, facilitating faster learning [Analytical Discussion] Each paragraph begins with an analytical discussion supported by well-thought-out original problems, illustrated uniquely for better understanding [Well-Thought-out-Original-Problems] A unique style of illustrating all complex provisions has been adopted throughout this book [e-Filing] Chapter 20 is dedicated to the e-filing of income tax returns, including practical case studies for students to generate e-income tax returns [Student-Oriented Book] This book has been developed using extensive student feedback [Zero-Error] Follows Six-Sigma Approach to achieve the benchmark of 'Zero-Error'\u003cbr\u003e\nThe detailed contents of the book are as follows: Basic Concepts That One Must Know\u003cbr\u003e\no This chapter lays the foundation by explaining fundamental concepts such as the assessment year, the previous year, and the definitions of 'person' and 'assessee'. It discusses the intricacies of how income is charged, what constitutes income, and the distinctions between gross total income and total income. The chapter also covers the nuances of agricultural income, exemptions versus deductions, capital and revenue receipts\/expenditures, and the relevance of accounting methods in income computation Residential Status and Its Effect on Tax Incidence\u003cbr\u003e\no Understanding residential status is crucial as it directly impacts tax liability. This chapter explains the rules for determining the residential status of individuals, Hindu undivided families, firms, companies, and other persons. It discusses the concepts of income receipt and accrual and provides detailed guidance on income deemed to accrue or arise in India, along with practical problems and solutions Income That is Exempt from Tax\u003cbr\u003e\no Here, the book identifies various income types exempt under section 10 of the Income-tax Act. It includes special provisions for newly established undertakings in free trade zones, export-oriented units, and artistic exports. The chapter also covers exemptions related to charity, political parties, and electoral trusts, supplemented with practical problems for better understanding Income Under the Head 'Salaries' and Its Computation\u003cbr\u003e\no This chapter provides an in-depth analysis of salary income, including its basis of charge, different forms, and taxation. It explains the taxability and valuation of allowances and perquisites and details permissible deductions from salary. Special sections cover the tax treatment of provident funds, superannuation funds, foreign technicians, and specific deductions under section 80C. The chapter is rounded off with practical problems in salary income computation Income Under the Head 'Income from House Property' and Its Computation\u003cbr\u003e\no Focusing on property income, this chapter outlines the basis of charge, circumstances when property income is not charged to tax, and methods for computing income from let-out and self-occupied properties. It also discusses special provisions for unrealised rent and arrears of rent and includes practical problems to enhance comprehension Income Under the Head 'Profits and Gains of Business or Profession' and Its Computation\u003cbr\u003e\no This comprehensive chapter covers the basis of charge for business income, principles for arriving at business income, and the relevance of accounting methods. It provides a detailed look at business deductions, allowances, disallowances, deemed profits, and special provisions for certain businesses. The chapter includes sections on compulsory maintenance of books, audit requirements, estimated income computation, and permissible methods for closing stock valuation, supported by practical problems Income Under the Head 'Capital Gains' and Its Computation\u003cbr\u003e\no Capital gains are analysed in this chapter, starting with the basis of charge and definitions of capital assets and transfer. It explains the computation of capital gains, full value of consideration, \u003c\/p\u003e\u003cp\u003e\u003cb\u003eEAN:\u003c\/b\u003e 9789357784115\u003c\/p\u003e\u003cp\u003e\u003cb\u003ePackage Dimensions:\u003c\/b\u003e 10.6 x 8.2 x 1.1 inches\u003c\/p\u003e\u003cp\u003e\u003cb\u003eLanguages:\u003c\/b\u003e English\u003c\/p\u003e","brand":"Taxmann","offers":[{"title":"Default Title","offer_id":51327260033328,"sku":"UDH_9789357784115","price":747.0,"currency_code":"INR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0690\/9968\/4144\/files\/61xfKWQ_M_L.jpg?v=1775658961","url":"https:\/\/www.retailmaharaj.com\/products\/taxmanns-students-guide-to-income-tax-university-edition-flagship-publication-that-is-student-focused-simplified-and-well-structured-for-students-in-commerce-accounting-and-law-ay-2024-25","provider":"Retail Maharaj","version":"1.0","type":"link"}