Student Guide to Income Tax & GST -CA INTER September 2025 Exams -by Taxmann-Vinod K. Singhania

Students’ Guide to Income Tax & GST remains the benchmark reference for understanding—direct taxation under the Income-tax Act and indirect taxation under the Goods and Services Tax (GST) regime. Meticulously revised to reflect every Finance Act amendment, circular, notification and judicial pronouncement, this Edition preserves the text’s hallmark clarity while incorporating a paired illustration–exercise pedagogy that enables readers to progress from statutory comprehension to confident computational proficiency.

This book is intended for the following audience:

• Professional Programme Candidates – CA (Inter/IPCC), CS (Executive), CMA (Intermediate), CFA (India); Aligns precisely with ICAI, ICSI and ICMAI syllabi; includes fully solved past-exam questions (2019-2024)
• Undergraduate & Postgraduate Scholars – B.Com., BBA, BMS, M.Com., MBA, LL.B; Converts dense legislation into step-wise reasoning, fostering conceptual clarity and application skills
• Academicians & Trainers – Offers ready-to-teach modules with numbered paragraphs, classroom-tested illustrations and recapitulations
• Civil-service & Regulatory-body Aspirants – Provides an authoritative yet accessible treatment of taxation, a core component of many competitive examinations
• Finance Executives & Self-learners – Functions as a ‘desk-ready’ manual for day-to-day compliance, return preparation and strategic tax planning

The Present Publication is the 73^rd Edition | 2025-26, amended upto 15^th May 2025. This book is authored by Dr Vinod K. Singhania & Dr Monica Singhania, with the following noteworthy features:

• [Bifurcated Architecture] Mirrors academic syllabi and professional-exam blueprint
  • Unit 1 – Income-tax | 19 Chapters
  • Unit 2 – GST | 15 Chapters
• [Pedagogical Precision] 500+ original solved illustrations immediately juxtaposed with 500+ unsolved exercises
• [Professional-exam Integration] CA (Inter/IPCC) question (May 2019 – Nov 2024) solved as per A.Y. 2025-26 provisions; GST problems answered under the law effective 15^th May 2025
• [Flag System] Paras and problems critical for CA/CS/CMA are specially flagged yet remain valuable to high-achieving university learners
• [Teach-yourself Methodology] Numbered micro-lessons, step-wise computations, margin call-outs and end-of-chapter Point-wise Recap enable self-study
• [Jurisdictional Currency] Incorporates the latest Finance Act, recent CBDT/CBIC circulars, advance rulings and key Supreme Court/High Court decisions
• [Examination Speed-tools] Tax rate tables, depreciation schedules and consolidated deduction charts for rapid recall under timed conditions
• [Additional Help for Unsolved Exercises] The companion publication ‘Students’ Guide to Income-Tax – Problems & Solutions’ offers a more extensive range of solved questions, including contemporary issues
• [Authorial Authority] The authors combine academic rigour with deep industry engagement, ensuring a treatment that is technically impeccable yet pedagogically intuitive
• [Adoption Endorsement] Recommended by leading Central & State universities and accounting/management institutes across India

The contents of the book are as follows:

Income Tax

• Basic concepts that one must know
• Residential status and its effect on tax incidence
• Income that is exempt from tax
• Income under the head ‘Salaries’ and its computation
• Income under the head’ Income from house property’ and its computation
• Income under the head’ Profits and gains of business or profession’ and its computation
• Income under the head ‘Capital gains’ and its computation
• Income under the head ‘Income from other sources’ and its computation
• Clubbing of income
• Set-off and carry forward of losses
• Permissible deductions from gross total income
• Meaning of agriculture income and its tax treatment
• Individuals – Computation of taxable income
• Hindu undivided families – Computation of taxable income
• Firms and association of persons – Computation of taxable income
• Return of income
• Advance payment of tax
• Deduction and collection of tax at source
• Interest payable by assessee/Government

GST

• Basic concepts of GST
• Concept of Supply
• Levy of GST
• Exemptions from GST
• Place of supply
• Time of supply
• Value of taxable supply
• Reverse charge mechanism
• Input tax credit
• Composition Scheme and Alternative Composition Scheme
• Registration
• Tax invoice, credit and debit notes
• Returns, tax payment and interest
• Provisions governing Real Estate Services
• Problems on GST

Appendix

• Tax Rates
• Question set for CA (Intermediate) Examinations and Answers
• Depreciation rates for power-generating units
• Answers to unsolved exercises

About the Author

Dr. Vinod K Singhania got his Ph.D. from the Delhi School of Economics in 1976. His fields of special interest include all facets of corporate legislation and corporate economics especially the tax laws. Associated in different capacities with several professional institutes and business houses in India and abroad, Dr. Singhania is author of many popular books and software published by Taxmann. He has to his credit more than 3000 research articles which have appeared in leading journals. Ill’ has been a resource person in over 750 seminars in India and abroad. He Dr. Monica Singhania is Professor, Faculty of Management Studies, University of Delhi. She is a post-graduate from Delhi School of Economics and a Fellow Member of the Institute of Chartered Accountants of India. She has the distinction of being placed in the merit list of the examinations conducted by both the University as well as the Institute. She has been awarded Ph.D. in the area of corporate taxation from the University of Delhi. She is the author of 7 books on direct tax laws and several research papers which have been published in leading journals.