It is rightly said that “change is the only permanent thing in this
world.” Any change in the curriculum is therefore a natural step in
the process of academic and intellectual growth. Advancement in
knowledge is possible only when subjects are taught and learned in
new ways, in keeping with the needs of changing times.
In view of the adoption of the New Education Policy (NEP)
syllabus for B.Com. Part–II (Semester–III) by Sant Gadgebaba
Amravati University, it becomes our responsibility to provide students
with suitable and comprehensive learning material. It is with great
pleasure that we present this textbook on Direct Tax for the students of
B.Com.Part–II (Semester–III).
The book has been prepared in a self-learning style, strictly
following a student-friendly approach. Every effort has been made to
present sufficient theoretical explanations in simple english language
supported with essential short and long illustrations with solution,
so as to cover all the important aspects of the subject. The topics are
arranged systematically, in exact accordance with the revised syllabus.
This work would not have been possible without the constant
support, encouragement, and inspiration of our family members, to
whom we owe a deep sense of gratitude. We also express our heartfelt
thanks to our esteemed colleagues, whose constructive suggestions
and critical feedback have immensely contributed to the quality of this
book.
We are particularly grateful to Prashant Publications, Shri
Rangrao Patil, and his dedicated team for their cooperation and
assistance in bringing out this book in time. Our sincere thanks are also
due to Mr. Sunil Pandhare, the typesetter, for his valuable contribution
in the production process.
We sincerely hope that this textbook will prove useful to the
students and teachers alike. We warmly welcome valuable suggestions
and constructive feedback from readers, which will help us in making
future editions more comprehensive and effective.
With Best Wishes,