BC’s How to Handle Income Tax Problems (2 Vols) (Relevant to Financial Year 2025-26, Assessment Year 2026-27) by Narayan Jain & Dilip Loyalka – 34th Edition 2025.

BC’s How to Handle Income Tax Problems (2 Vols) (Relevant to Financial Year 2025-26, Assessment Year 2026-27) by Narayan Jain & Dilip Loyalka – 34th Edition 2025.

Details :-

BC’s How to Handle Income Tax Problems (2 Vols) (Relevant to Financial Year 2025-26, Assessment Year 2026-27) by Narayan Jain & Dilip Loyalka – 34th Edition 2025.

How to Handle Income Tax Problems (2 Vols) by Narayan Jain & Dilip Loyalka (Financial Year 2025-26, Assessment Year 2026-27) is a comprehensive guide for navigating various income tax issues.

Here’s a general overview of the approach suggested by the authors and areas covered in the book:

• Problem-based learning approach: The book presents practical questions and detailed solutions to help users understand the application of tax laws to real-world scenarios.
• Comprehensive coverage of income tax provisions: The book covers the full syllabus of income tax law applicable for A.Y. 2026-27, incorporating amendments made by the Finance Act 2025.
• Structured organization: The book is divided into two volumes for easy reference:
  • Volume I: Focuses on Income Computation, covering sections 1 to 124 of the Income Tax Act.
  • Volume II: Deals with Tax Planning, Returns, and Procedures, covering sections 127 to 298 of the Income Tax Act.
• Heads of Income: The book provides detailed analysis and solutions for various income heads, including Salaries, House Property, Business & Profession, Capital Gains, and Income from Other Sources.
• Deductions, Exemptions & Other Reliefs: The book covers deductions, exemptions, set-off, and carry forward of losses, providing insights on tax benefits available to taxpayers.
• Compliance Procedures: The book delves into crucial aspects of compliance such as:
  • Tax Deduction at Source (TDS) and Advance Tax:
  • Return Filing and Types of ITR Forms:
  • E-Filing, Digital Signatures & Verification:
  • Assessment Procedures (Summary, Scrutiny, etc.):
  • Rectification, Reassessment, and Revision:
• Taxation of Specific Entities: The book includes dedicated chapters on the taxation of HUFs, Firms & LLPs, AOPs, Companies, Trusts and Charitable Institutions, and Non-Residents.
• Specialized Topics: The book addresses specific areas like Presumptive Taxation (under sections 44AD, 44ADA, 44AE), Alternate Minimum Tax (AMT) and Minimum Alternate Tax (MAT) Provisions, and amended provisions related to Charitable Trusts and Institutions.
• Guidance on Appeals, Penalties & Prosecutions: The book explains how to handle appeals, penalties, and prosecution related to income tax matters.
• Regular Updates and Practical Aids: The book incorporates the latest CBDT circulars, case law, tribunal orders, and clarifications issued up to 2025. It also includes solved illustrations, case studies, practical charts, and comparative tables for enhanced clarity and understanding.

This book aims to provide comprehensive guidance and practical solutions for various income tax problems encountered by taxpayers and professionals alike.

Details :

• Publisher: Book Corporation
• Author : Narayan Jain & Dilip Loyalka
• Edition : 34th Edition 2025
• Language: English
• ISBN-10 : 9789395613217
• ISBN-13 : 9789395613217