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Income Tax Guide for Taxpayer: A.Y. 2013-14, written by R. N. Lakhotia and Subhash Lakhotia, is an all you need to know manual about income tax and the methods by which taxpayers can save on the same.
Summary Of The Book
Changes in the tax laws is a yearly phenomenon based on the budget. Thus, taxpayers must be aware of of the tax relief methods that are available. Income Tax Guide for Taxpayer: A.Y. 2013-14 aims at correcting that problem by providing taxpayers with every piece of information that is necessary for their fiscal welfare. Every taxpayer must be aware of the essential aspects of income tax to ensure their best financial interests. Trouble-free tax assessment can be ensured if taxpayers are clear on income tax and tax returns. Income Tax Guide for Taxpayer: A.Y. 2013-14 provides able guidance on calculating income tax.
Income Tax Guide for Taxpayer: A.Y. 2013-14 provides comprehensive and lucid explanations on several topics, including how taxpayers can compute their own Income Tax from various sources namely salary, profession, business, income from house property and so on. Some of the other questions dealt with in the book are what are the taxable incomes and which are not, tax-saving exemptions, deductions that can be availed on total taxable income and rebates, assessment of different types of taxpayers, Individuals, Firms, HUFs, Companies, Non-Residents, etc, saving tax by means of gifts and trusts, appeal filing procedure for wrong assessment of taxes, penalties and prosecution: when these apply and how to avoid them, and procedure for tax refunds.
About The Authors
Ram Niwas Lakhotia is an expert on tax and tax laws in India. His other works include Apni Vasiyat Kaise Banayen, Tax Smart Personal Investing from A to Z, Tips on Property Buying, Selling, Renting and Tax Planning, Income Tax Planning for Doctors and How to Save Tax on Capital Gains: AY 2013-14. He is the founder and president of Rajasthani Academy. He encourages Rajasthani writers by awarding 1 lakh Rupees through Lakhotia Puraskar, to the best writer. He holds trustee positions in various charities. He hosts the Tax Doctor show on Zee Business, the TV Channel. He is a prolific writer who has authored books on several topics from taxation to humour. His books are immensely popular with over 500 editions sold so far. He also dabbles in writing for leading newspapers.
Subhash Lakhotia is the Director of M/s R. N. Lakhotia & Associates LLP & The Strategy Group and has been working as a Tax and Investment Consultant at New Delhi for over 40 years. His other books include Tax Free Incomes & Investments and How to Save Tax on Capital Gains: AY 2013-14.