Taxmann's flagship publication for students on Income Tax & GST Law(s) is designed to bridge the gap between theory and application. Written in simple language, it explains legal provisions step-by-step with suitable illustrations, avoiding paraphrasing and legal jargon. This book is an authentic, up-to-date, and amended textbook on Income Tax & GST for students of CA Intermediate (Sept. 2024/Jan. 2025), CS Executive (Dec. 2024), CMA (Dec. 2024), B.Com., M.Com., MBA and other professional examinations. The Present Publication is the 71st Edition | 2024-25 and amended upto 15th June 2024. This book is authored by Dr Vinod K. Singhania & Dr Monica Singhania, with the following noteworthy features: • [Comprehensive Coverage] of this book includes: o Unit 1 – Income Taxes o Unit 2 – GST • [Extensive Problem Sets] Over 500 solved problems with an equal number of unsolved exercises • [Past Exam Questions] Includes questions set for CA (Inter/IPCC) examinations over the last five years, with solutions for both theory and practical questions o Income Tax problems are solved as per the law applicable for A.Y. 2024-25 o GST problems are solved according to the law as amended up to June 15, 2024 • [Features] of this book are as follows: o [Student-Friendly Approach] The book adopts a 'teach yourself' technique, enhancing the learning process with a clear, step-by-step explanation of legal provisions o [Illustrative Problems] Each chapter includes analytical discussions supported by original problems, fostering a deeper understanding of complex provisions o [Practical Exercises] To build confidence in solving practical questions, solved problems are followed by unsolved exercises with answers provided in the appendix § For Solutions to the unsolved exercises, students may refer to the 29th Edition of Taxmann's Students' Guide to Income Tax including GST Problems & Solutions o [Professional Exam Focus] Sections marked with a ➠ symbol cater specifically to professional exam aspirants while also being beneficial for high-achieving university students o Follows the Six-Sigma Approach to achieve the benchmark of 'Zero-Error' 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

Taxmann's flagship publication for students on Income Tax & GST Laws offers a comprehensive approach to mastering Income-tax and GST through practical problem-solving. Recognizing the challenges students face, this book includes illustrations, solved problems, and a series of unsolved exercises. These unsolved exercises, shaped by readers' difficulties over time, are designed to provide a guided, step-by-step approach to understanding and solving tax-related problems. This book is tailored for students preparing for various professional examinations, including: • CA Intermediate (Sept. 2024/Jan. 2025) • CS Executive (Dec. 2024) • CMA (Dec. 2024) • B.Com. • M.Com. • MBA • Other Professional Examinations The Present Publication is the 29th Edition | 2024-25, authored by Dr Vinod K. Singhania & Dr Monica Singhania. It is thoroughly updated and amended up to 15th June 2024. The key features include: The key features of the book are as follows: • [Illustrations and Solved Problems] Detailed solutions to contemporary tax problems, many of which are unique and have not appeared in examination papers or other publications • [Unsolved Exercises] Based on readers' queries over the years, these exercises challenge students to apply their knowledge and hone their problem-solving skills • [Guided Problem-Solving Approach] Structured guidance to help students understand the methodology behind solving tax-related problems • [Updated & Amended Contents] o Practical income-tax problems solved according to the law applicable for A.Y. 2024-25 o GST problems resolved based on the latest amendments up to June 15, 2024 The structure of the book is as follows: • Section One – Provisions in Brief o Provides a concise overview of relevant income-tax laws and GST provisions o Serves as a quick reference guide to refresh and update students' knowledge • Section Two – Solved Problems o Presents detailed solutions to typical contemporary tax issues o Focuses on new problems that have not been seen in examination papers or other publications o It helps illustrate practical applications of the law, making it easier for students to understand complex concepts • Section Three – Solutions to Similar Unsolved Exercises o Offers solutions to problems similar to those found in the Students' Guide to Income-Tax o Encourages students to attempt unsolved exercises independently, using the provided solutions as a model to understand the correct approach o It aims to instill confidence in students by providing a working model of problem-solving The contents of this 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' 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 o Firms and association of persons o Return of income o Advance payment of tax o Tax deduction and collection at source o Interest payable • 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 • Appendix o Tax Rates

This popular casebook continues to focus on the fundamentals of income taxation and take a realistic problem-solving approach to a potentially frustrating course. The only book organized around the taxing formula, PROBLEMS AND MATERIALS IN FEDERAL INCOME TAXATION, Fifth Edition, now incorporates recent legislative changes. Guerin and Postlewaite blend explanatory text with short, realistic problems to guide students through the complex tax system, one step at a time: gross income deductions taxable income and different tax rates Each chapter opens with a content overview that helps set the stage For The discussion. Notes, problems, and self-contained sections make the material easily accessible and readily understandable. As it enters its Fifth Edition, PROBLEMS AND MATERIALS IN FEDERAL INCOME TAXATION retains the strengths that have made it so effective: more than 200 brief problems explore difficult concepts and cover federal income tax developments collected readings expertly highlight the components of the taxing system careful, coherent structure brings clarity To The subject Teacher's Manual includes answers to every problem in the book In addition To The legislative changes, The Fifth Edition also features: a fully revised selection of cases rewritten conceptual material to make learning as painless as possible