Even the last-minute changes in the law have been incorporated in this revised edition of the book and as such, it is the latest and most updated book on Income Tax for the Assessment Year 2022-23. Further, the amendments made by the Finance Act, 2022, applicable for the Assessment Year 2022-23, have been incorporated into the book. The present edition of the book has several unparalleled features which make it distinct from other available textbooks on Income Tax. A simplified, systematic approach to the understanding of a complex subject written in a unique, simple, and easy-to-understand language.