The purpose of this study guide is to assist students in preparing for their income tax. It is a part of the instructional package that walks students through each stage of preparation step-by-step while putting an emphasis on key concepts, suggestions, and methods. The focus is on comprehending principles, applications, techniques, and case laws, for which relying just on the data in this study material may not be adequate. It should be studied in conjunction with the recommended readings that are provided with each study course as well as the original Bare Acts, Rules, Orders, Case Laws, and Student Company Secretary e-bulletin, which is published and sent to students by the Institute each month.