Income Tax Guide for the Tax Payer

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Expert guidance on computing your taxes and trouble-free assessments It is in the best financial interests of every taxpayer to have a clear grasp, of the key essentials of income tax, even if you have back-up help of a CA or tax expert. Here is must-know expert guidance on computing your income and taxes and trouble-free assessment of your tax returns. In simple, clear style, Mr. Lakhotia provides you expert guidance on: How to compute your taxable income from different sources: salary, house property, business, profession, etc. Which incomes are taxed and which are not All the tax-saving exemptions, rebates, and relief’s you are eligible for Deductions you can avail of when computing your total taxable income How different taxpayers are assessed: Individuals, HUFs, Firms, Companies, Non-Residents, etc. Procedure for filing an appeal when you think you have been assessed wrongly Penalties and prosecution: when these apply and how to avoid them Procedure of tax refunds and much, much more.

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Ram Niwas Lakhotia is a well-known authority on taxation in the country. He is a regular writer and editor of several books on Income-tax, Vegetarianism and also Humour. His various books have seen over 500 editions so far. He regularly writes for leading newspapers. He had a brilliant academic career. He stood First Class First in both the Degree and Post-Graduate Examinations in Commerce. He joined the Indian Revenue Service and stood First in the whole of in the I.T.O's Examination. As the founder President of Rajasthani Academy, he is active in social service and cultural activities. Every year he awards "Lakhotia Puraskar" of Rs. 1 lakh, declared by the Central Government as a National Award for the best writer in Rajasthani language. He is past District Governor of Lions Clubs International. As the President of Vegetarian Congress of Delhi he is spreading Vegetarianism forHealth and Happiness. He is Trustee of several Charitable Trusts. He has addressed over 5,000 seminars & lecture meetings in and abroad. He is the Chief Editor of "Excellent Living" monthly journal. Every Sunday as "Tax Doctor" Shri R.N. Lakhotia answers questions on income-tax on Zee Business TV channel. You can also send your tax questions direct to it via SMS.