Problems and Solutions in Income Tax

1. All the Problems and Solutions have been thoroughly revised in the light of up-to-date amendments in Income- tax Law and Rules for the Assessment Year 2023-24.
2. Almost all numerical questions given at the end of the chapters of the authors’ other publications on
   Income-tax (viz., Income-tax Law and Accounts, Aaykar Vidhan evam Lekhe, Law and Practice of Income-tax) have been solved in this book and the number printed within brackets at the end of the questions in other publications is the problem number of this book.
3. The selection and sequence of the questions is well planned and systematic so as to cover all ticklish points within a reasonable number of questions.
4. Wherever needed, detailed explanatory notes have been given at the end of solutions.

Candidates preparing for C.A., Company Secretaries, Cost and Works Accountants and Income-tax Departmental Examinations, will, particularly, find the book very useful. It will also be useful for candidates preparing for B.Com. and M.Com. Examinations of various Indian Universities.

Problems and Solutions in Income Tax Book Contents

1. Income Tax : Introduction and Important Definitions
2. Agricultural Income
3. Residence and Tax Liability (Basis of Charge)
4. Income from Salaries
5. Income from Salaries (Retirement)
6. Income from House Property
7. Profits and Gains of Business or Profession
8. Determination of Income of Certain Business or Profession on a Presumptive Basis
9. Depreciation and Investment Allowance
10. Capital Gains
11. Income from Other Sources
12. Clubbing of Incomes and Deemed Incomes (Aggregation of Incomes)
13. Set-off and Carry-forward of Losses
14. Deductions to be Made from Gross Total Income while Computing Total Income
15. Computation of Total Income of Individuals
16. Computation of Tax Liability of Individuals
17. Rebate and Relief of Tax
18. Assessment of Hindu Undivided Families
19. Assessment of Partnership Firms
20. Assessment of Association of Persons or Body of Individuals
21. Assessment of Companies
22. Assessment of Co-operative Societies
23. Assessment of Non-Resident in India
24. Deduction and Collection of Tax at Source
25. Advance Payment of Tax
26. Alternate tax regime Tax on Income of Individuals and HUFs