[500+ Solved Problems] and an equal number of unsolved exercises

The contents of the book are as follows:
Income Tax
o Basic concepts that one must know
o Residential status and its effect on tax incidence
o Income that is exempt from tax
o Income under the head 'Salaries' and its computation
o Income under the head' Income from house property' and its computation
o Income under the head' Profits and gains of business or profession' and its computation
o Income under the head 'Capital gains' and its computation
o Income under the head 'Income from other sources' and its computation
o Clubbing of income
o Set-off and carry forward of losses
o Permissible deductions from gross total income
o Meaning of agriculture income and its tax treatment
o Individuals – Computation of taxable income
o Hindu undivided families – Computation of taxable income
o Firms and association of persons – Computation of taxable income
o Return of income
o Advance payment of tax
o Deduction and collection of tax at source
o Interest payable by assessee/Government
GST
o Basic concepts of GST
o Concept of Supply
o Levy of GST
o Exemptions from GST
o Place of supply
o Time of supply
o Value of taxable supply
o Reverse charge mechanism
o Input tax credit
o Composition Scheme and Alternative Composition Scheme
o Registration
o Tax invoice, credit and debit notes
o Returns, tax payment and interest
o Provisions governing Real Estate Services
o Problems on GST
Appendix
o Tax Rates
o Question set for CA (Intermediate) Examinations and Answers
o Depreciation rates for power-generating units
o Answers to unsolved exercises

Income Tax & GST Law(s) 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 & GST for students of CA Intermediate (May/Nov. 2024), CS Executive (June/Dec. 2024), CMA (June/Dec. 2024), B.Com., M.Com., MBA and other Professional Examinations.The Present Publication is the 70th Edition and amended upto 1st December 2023. This book is authored by Dr Vinod K. Singhania & Dr Monica Singhania, with the following noteworthy features:

English