Bharat\'s Practical Approach to Income Tax: Service Tax, VAT & Wealth Tax

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The aim of the book is to help and enable the readers in understanding the intricate problems relating to Income Tax, Service Tax, VAT & Wealth Tax. A novel feature of this book is that it contains 916 Multiple Choice Questions, 246 True or False Questions, 116 Fill in the Blanks & 556 Problems and Solutions, which have been designed for the first time on the tax laws. These questions will be helpful to the students to recapitulate the concepts of tax laws. The book contains nearly 556 Practical Problems. The problems include selected questions from the examinations of various Universities and Professional Institutes. This book also contains solutions to all the problems given in the book 'Systematic Approach to Income Tax, Service Tax & VAT, written by the same authors. For the benefit of the readers the solutions to the problems have been explained in a systematic and lucid manner which will facilitate the students to easily comprehend the complete tax laws. The book is useful for the students appearing in CA-PCC/IPCC, CS (Exec) CWA and CFA examinations. It will also be useful for graduate/post-graduate students of various Universities and Management Institutes as well as the Departmental examinations of the Income-tax Department.

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Dr. Girish Ahuja did his graduation and post-graduation from Shri Ram College of Commerce and was a position holder. He got his Ph.D from Faculty of Management Studies, University of Delhi. He has been teaching Direct Taxes to students at various levels for more than 35 years. He is a Fellow of the Institute of Chartered Accountants of India (ICAI) and was placed in the merit list of both Intermediate and Final Examinations of the Institute. He is a senior faculty member of Shri Ram College of Commerce (Delhi University) and also visiting faculty member of the Institute of Chartered Accountants of India, Institute of Company Secretaries of India (ICSI) and various management institutes. He had been nominated by the Government of the Central Council of the Institute of Company Secretaries of India for two terms. He is a member of Fiscal Law Committee of ICAI and Editorial Board of ICSI. He is also on the Board of Directors of many companies and has a vast and rich experience in the field of finance and taxation. Dr. Ravi Gupta did his graduation and post-graduation from Shri Ram College of Commerce. Thereafter, he did L.L.B from Delhi University and MBA (Finance) from Faculty of Management Studies, Delhi. He has been awarded a Ph.D degree in International Finance by the Delhi University. He is faculty member at Shri Ram College of Commerce (Delhi University) and also has vast practical experience in handling tax matters of trade and industry. He has been a visiting faculty member at The Indian Tax Institute, The Institute of Company Secretaries of India, MFC (South Campus, Delhi University), MDI and various other Management Institutes. Table of  Contents Preface to the Twenty-fourth Edition Preface to the First Edition 1. Introduction 2. Scope of Total Income & Residential Status 3. Incomes which do not form part of Total Income 4. Income under the Head “Salaries” 5. Income under the Head “Income from House Property” 6. Income under the Head “Profits and Gains of Business or Profession” 7. Income under the Head “Capital Gains” 8. Income under the Head “Income from Other Sources” 9. Income of other Persons Included in Assessee's Total Income (Clubbing of Income) 10. Set off or Carry Forward and Set off of Losses 11. Deductions to be made in Computing Total Income 12. Agricultural Income & Its Tax Treatment 13. Assessment of Individuals 14. Assessment of Hindu Undivided Family 15. Assessment of Firms 16. Assessment of Association of Persons 17. Assessment of Companies 18. Assessment of Co-operative Societies 19. Return of Income and Procedure of Assessment 20. Deduction and Collection of Tax at Source 21. Advance Payment of Tax 22. Interest Payable by/to Assessee 23. Refunds 24. Penalties and Prosecutions 25. Appeals, Revision & References 26. Income Tax Authorities 27. Service Tax 28. Valued Added Tax 29. Wealth Tax