Business Taxation

We have made a sincere effort to give necessary details of the prescribed Acts, in a simple language. The necessary definitions, schedules, annexures etc. have been reproduced from the relevant Acts and wherever necessary, explanations have been given. At the appropriate places, illustrations have been given so as to enable the students to understand the concepts or legal provisions. In Business Taxation, we have considered the latest provisions and amendments made in the Finance Act, 2015. Accordingly, illustrations are given and solved according to the provisions applicable from Assessment Year 2016-17.