Commercial's Handling of Income Tax Problems

Commercial's Handling of Income Tax Problems – Edition 2025 is a trusted and comprehensive resource designed to address complex and practical issues encountered in the domain of Income Tax in India. Tailored for tax practitioners, students, consultants, and business professionals, this edition incorporates real-world problems, expert solutions, and updated provisions aligned with the latest amendments introduced by the Finance Act, 2025.

This book adopts a problem-solving approach to decode the various challenges faced during tax computation, filing, compliance, assessments, and litigation. It is crafted to simplify intricate income tax scenarios with step-by-step solutions that comply with the Income-tax Act, 1961 and relevant judicial pronouncements.

Key Features:

• 📊 Covers All Heads of Income: Practical problems and solutions under income from salary, house property, business or profession, capital gains, and income from other sources.

• 🔄 Fully Updated as per Finance Act, 2025: Includes recent amendments in tax slabs, surcharge, TDS/TCS, exemptions, and deductions relevant for the Assessment Years 2025–26 & 2026–27.

• 🧾 Deductions & Exemptions Coverage: Problem sets include practical applications of Sections 80C to 80U, HRA, LTA, and capital gains exemptions with explanations.

• 📘 Detailed Case-Based Analysis: Realistic case studies with working notes, assessment mechanisms, and tax planning suggestions.

• 🧠 Assessment & Appeal Mechanisms: Includes problem-solving on reassessment, rectification, penalties, and appeals before CIT(A) and ITAT.

• 📂 TDS & Advance Tax Problems: Detailed solutions on TDS compliance, challan preparation, interest under Sections 234A/B/C, and advance tax calculations.

• 🧮 Includes MCQs and Objective-Type Questions: Ideal for tax professionals preparing for exams and interviews.

• 🧑‍💼 Industry-Specific Tax Issues: Special coverage on tax problems for professionals, NRIs, partnership firms, LLPs, and companies.

Why This Book is Essential:

• ✅ Practical & Exam-Oriented: Equips readers with practical know-how to solve questions typically faced during tax filings, academic exams, or client consulting.

• 📚 Recommended for CA/CS/CMA Students: Ideal for exam preparation and conceptual clarity in professional courses.

• 🧾 Ideal for Professionals & Taxpayers: Helps reduce errors and improve compliance by offering structured, accurate solutions.

• ⚖️ Legally Compliant & Insightful: Follows the latest income tax rules and judicial interpretations ensuring legal correctness and applicability.