The speciality of the book is that the changes made by the Finance Act 2012 have been elaborately explained. A number of pertinent circulars, letters, orders, instructions and a large number of significant court decisions have been defined in this book. The chapters relating to filing of return, payment of advance tax, salary, capital gain, incomes exempt form tax, profits & gains from business or profrssion have been updated
Written in simple language, the book explains all important concepts of income-tax law and procedure with practical illustrations, enabling a layman to Compute his Taxable Income, Pay Advance Tax, file his Returnof income and obtain Assesment order/ Refund. With complete details on Exempt incomes, Deductions from income and important Tax Saving Schemes, the book is a complete bible for Tax Planning excercise. It also deals with liabilities and abligations relating to Tax Deduction at Source(TDS) and TCS. Besides special chapters have been included for NRIs, Foreign Nationals, Firms, HUF, AOP/BOI and Companies. Further, Wealth Tax and Gift Tax have also been explained in brief for a complete overview of various direct taxes. Gist of Tax Saving Schemes and Tax Planning hints shall be of great help in minimising the tax liability in a legal way. Tables of Tax Rates and Ready Reckoner have been prepared with due care about arithmetical accuracy which enable readers to compute their tax liability correctly and instatly

( Also available in Hindi)