Income Tax Guide for the Taxpayer

Description

Salient features

• Thoroughly updated and upgraded with latest amendments of the Income Tax Act, 1961.
• Dedicated chapter on the Finance Act, 2016.
• Step-by-step easy procedure to compute taxable income from different sources like salary, house property, business and profession.
• Different types of exemptions, rebates, reliefs available under various sections of the Act compiled in one chapter.
• Illustrative practical problems and solutions at relevant places for better understanding.
• Thorough coverage of assessment process of different taxpayers such as individuals, HUFs, companies and non-residents.
• Separate chapter on penalties, prosecutions and tax refunds.
• Ready reference chart of Income tax rates for A.Y. 2017-18.

This book is handy for all categories of income tax payers, be it businessmen, professionals or even laymen, as it presents the complicated law in a clear and easy-to-understand language. Students and academicians will also find this book to be of great help in resolving their queries pertaining to assessment of income tax.