The Present Publication is the 70^th Edition for A.Y. 2024-25 (amended up to 31^st December 2023), authored by Dr Vinod K. Singhania & Dr Kapil Singhania. The noteworthy features of this book are as follows:

• [Self-Learning/Practice Book] Features learn-yourself-technique enabling students to learn & apply the Law faster
• [Treatment of Text is To-The-Point] The matter is arranged in paras and sub-paras with distinct numbers to save time and energy. Also, debatable issues have been deliberated to their logical conclusion
• [Well-Thought-Out-Original-Problems] Each para starts with analytical discussions supported by 600+ ‘well-thought-out-original-problems’. A unique style of illustrating all complex provisions has been adopted. Hints are also given wherever tax planning can be resorted to
• [Most Amended] Latest Circulars, Notifications, Amendments, & Case Laws (up to 31^st December 2023) are included in all discussions. All recent citations of Court Rulings, Circulars and Notifications have been highlighted
• [Past Exam Questions with Answers] Question set for CA Final from May 2013 to May 2023, the post-graduate and professional examination is given along with their solutions (of theory and practical questions) as per the law applicable for A.Y. 2024-25
• [Follows Six-Sigma Approach] to achieve the benchmark of ‘Zero-Error’

The detailed coverage of this book includes:

• Basic Concepts
• Residential Status and Tax Incidence
• Incomes Exempt from Tax
• Salaries
• Income from House Property
• Profits and Gains of Business or Profession
• Capital Gains
• Income from Other Sources
• Income of Other Persons included in Assessee’s Total Income
• Set Off and Carry Forward of Losses
• Deductions from Gross Total Income and Tax Liability
• Agricultural Income
• Typical Problems on the Assessment of Individuals
• Tax Treatment of Hindu Undivided Families
• Special Provisions Governing Assessment of Firms and Associations of Persons
• Taxation of Companies
• Assessment of Co-operative Societies
• Assessment of Charitable and Other Trusts
• Returns of Income and Assessment
• Penalties and Prosecution
• Advance Payment of Tax
• Interest
• Tax Deduction or Collection at Source
• Refund of Excess Payments
• Appeals and Revisions
• Income-tax Authorities
• Settlement Commission and Dispute Resolution Committee
• Special Measures in Respect of Transactions with Persons Located in Notified Jurisdiction Area
• General Anti-avoidance Rule
• Advance Ruling for Non-residents
• Search, Seizure and Assessment
• Transfer Pricing
• Business Restructuring
• Alternative Tax Regime
• Tax Planning
• Miscellaneous
• Annexures
  • Tax Rates
  • Rates of Depreciation
  • The Eleventh Schedule, Thirteenth Schedule, Fourteenth Schedule/
  • Investment ceiling in the case of small-scale industrial undertaking
  • Notified backward districts
  • Question set for CA (Final) Examination and Answers from May 2013 to May 2023