B.C. Publication's How to Handle Income Tax Problems

B.C. Publication's How to Handle Income Tax Problems – 34th Edition 2025 is a definitive guide tailored to assist tax professionals, students, and business entities in resolving a wide spectrum of practical income tax issues. Renowned for its problem-solving approach and conceptual clarity, this latest edition is meticulously updated to reflect the Income-tax provisions as amended by the Finance Act, 2025, covering Assessment Year 2025–26.

This book provides a hands-on understanding of real-world tax situations encountered by taxpayers, with comprehensive coverage of income computation, deductions, set-off and carry forward of losses, exemptions, residential status, capital gains, and tax treatment across different heads of income.

Key Features:

• 📘 Problem-Based Learning Approach:
  Covers hundreds of practical questions with detailed solutions based on latest income tax provisions, helping users to develop a sound understanding of tax application.

• 🔄 Updated as per Finance Act 2025:
  Fully aligned with changes introduced in the Finance Act, 2025—covering revised tax slabs, surcharge rates, rebate thresholds, and new compliance norms.

• 💼 Covers Entire Income Tax Syllabus:
  Organized chapter-wise with systematic presentation of income heads, clubbing provisions, set-off rules, agricultural income, MAT/AMT, and taxation of special entities (HUF, firms, AOPs, companies).

• 🧾 Ideal for Self-Practice & Revision:
  Includes MCQs, short and long-form questions, numericals, and solved illustrations for enhanced conceptual understanding and self-assessment.

• 📊 Focus on Exam-Oriented & Practical Problems:
  Suitable for students of CA, CS, CMA, B.Com, M.Com, and law courses. Also a handy aid for tax consultants and practicing professionals.

• 📚 Includes Judicial Precedents:
  References to key court decisions and CBDT circulars make it a comprehensive guide on tax problem-solving under Indian tax law.

Why This Book is Essential:

• ✅ Realistic Practice Tool:
  Helps readers simulate real-life tax scenarios, making it perfect for understanding practical tax planning, return filing, and assessment challenges.

• 📈 Supports Exam & Professional Preparation:
  Serves as an ideal companion for academic exams and daily client-based problem handling in tax practice.

• 🧠 Enhances Conceptual Understanding:
  Moves beyond theory by encouraging application-based learning for long-term retention and real-time decision-making.

• ⚙️ Updated with Compliances & Computation Techniques:
  Provides clarity on computation methods, recent amendments, and return filing mechanisms under the Income Tax Act, 1961.