Students' Guide to Income Tax & GST [AY 2025-26] | The Comprehensive Theory & Practice COMBO is an all-in-one, exam-oriented resource meticulously designed for students and professionals. This Combo—comprising the authoritative Theory & Practice text and the Problems & Solutions companion—equips readers with comprehensive statutory coverage, practical insight, and a robust problem-solving approach tailored for the AY 2025-26. This Combo ensures conceptual clarity, hands-on proficiency, and confident performance in academic and professional examinations.

This Combo is ideal for the following audience:

• CA (Inter/IPCC), CS (Executive), CMA (Intermediate), CFA (India) Candidates—aligned with ICAI, ICSI, ICMAI syllabi; includes fully solved past exam questions (2019–2024)
• Commerce & Management Students—B.Com., BBA, BMS, M.Com., MBA, LL.B
• Academicians & Trainers—ready-to-teach modules and classroom-tested exercises
• Civil Services & Regulatory-body Aspirants—comprehensive yet accessible coverage of tax laws for competitive exams
• Finance Executives & Self-learners—day-to-day desk reference for compliance, return filing, and tax planning

This Combo is authored by Dr Vinod K. Singhania and Dr Monica Singhania. It is updated till 15^th May 2025 with the following noteworthy features:

• [Bifurcated Architecture] Theory volume mirrors academic and professional exam structures, split into Unit 1 (Income Tax, 19 chapters) and Unit 2 (GST, 15 chapters)
• [Integrated Practice Pedagogy] 500+ original solved illustrations paired with 500+ unsolved exercises for every core topic
• [Professional Exam Focus] Includes fully solved questions from CA (Inter/IPCC) and other professional exams (2019–2024), updated as per A.Y. 2025–26
• [Flag System] CA/CS/CMA-critical paras and problems specially marked—yet relevant for high-achieving university students
• [Three-tier Chapter Structure in Problems & Solutions] Each chapter provides:
  • Provisions in Brief
  • Solved Problems
  • Solutions to Unsolved Problems (mapped to the main Guide's exercises)
• [Exam Speed Tools] Tax rates, depreciation schedules, and deduction charts for quick revision and timed recall
• [Latest Amendments & Judicial Updates] Incorporates every relevant change up to 15^th May 2025, including new Finance Act, circulars, and judicial decisions
• [Student-centric Design] Margin callouts, pointwise recaps, and logical progression for teach-yourself and classroom use
• [Adoption Endorsement] Recommended by leading universities, management institutes, and professional faculties nationwide
• [Trusted Legacy] Over three decades (Theory: 73rd Edition; Problems: 31st Edition), consistently the go-to resource for exam aspirants and professionals

Each volume in the Combo is systematically designed for clarity, practice, and success:

• Theory & Practice Volume—By Dr. Vinod K. Singhania & Dr. Monica Singhania
  • Logical Chapter Progression—Starts from basic concepts and builds to advanced computations, assessments, and penalty provisions
  • Income Tax Coverage—Assessment year, residential status, five heads of income (salary, house property, business/profession, capital gains, other sources), deductions, clubbing, set-off, return filing, TDS/TCS, assessment, appeals
  • GST Coverage—Fundamentals, taxable event, classification, valuation, supply, registration, returns, payment, input tax credit, reverse charge, composition schemes, real estate-specific provisions
  • End-of-Chapter Exercises—Short answers and practical questions reinforce each topic, with appendices for quick reference (tax/depreciation rates, deduction charts)
• Problems & Solutions Volume—By Dr. Vinod K. Singhania & Dr. Monica Singhania
  • Three-part Chapter Layout—(1) Brief Provisions, (2) Extensive solved problems, (3) Worked solutions to unsolved exercises (linked to main guide)
  • Tabular Presentations—Complex provisions explained via clear, concise tables
  • New-generation Problems—Exam-oriented, practical, and exclusive questions reflecting the latest legal developments
  • Comprehensive Coverage—All heads of income, clubbing, deductions, return filing, TDS/TCS, GST concepts, input credit, composition, registration, invoices, and returns
  • Appendix of Tax Rates—Quick lookup for exam preparation