Taxation and Personal Financial Planning by Monika Sharma, published by Thakur Publication, is a meticulously structured book tailored for MBA Semester IV (PTU) students specializing in finance, taxation, and financial planning. This book serves as a definitive guide, offering in-depth knowledge on tax laws, personal financial management, and strategic investment planning—essential for both academic and professional growth.
Key Features of the Book:
1. Comprehensive Coverage of Taxation:
. The book systematically explains tax management and planning, ensuring students grasp fundamental and advanced concepts.
. Detailed chapters on Income from Salary, House Property, Business/Profession, Capital Gains, and Other Sources provide clarity on tax computation under different heads.
. Concepts like Residential Status, Exempted Incomes, and Clubbing of Income are covered with practical examples for better understanding.
2. Personal Financial Planning:
. A dedicated unit on Personal Financial Planning helps students learn how to manage finances effectively, covering budgeting, savings, and wealth accumulation strategies.
. The book emphasizes financial goal-setting and long-term planning, crucial for individuals and financial advisors.
3. Risk Management & Insurance Planning:
. The chapter on Personal Risk Management and Insurance Planning educates readers on mitigating financial risks through appropriate insurance products.
. It discusses life insurance, health insurance, and other risk-hedging instruments essential for financial security.
4. Investment Planning & Financial Instruments:
. The book explores various investment avenues such as mutual funds, stocks, bonds, and real estate, helping readers make informed financial decisions.
. It provides insights into portfolio diversification, risk-return trade-offs, and tax-efficient investing, making it useful for aspiring financial planners.
5. Practical Learning with Case Studies & Model Papers:
. Real-world case studies enhance analytical skills by applying theoretical knowledge to practical scenarios.
. Model question papers help students prepare effectively for MBA Semester IV examinations, ensuring exam readiness.
Why This Book is Essential for MBA Semester IV Students?
1. Curriculum-Aligned Content: Designed as per PTU’s MBA Semester IV syllabus, this book ensures students cover all necessary topics without referring to multiple sources.
2. Simplified Language & Structured Approach: Complex tax and financial concepts are explained in an easy-to-understand manner, making learning efficient.
3. Exam-Oriented Material: Chapter summaries, case studies, and model papers help in quick revision and self-assessment.
4. Career-Oriented Knowledge: Beyond academics, the book equips students with skills required for careers in taxation, financial advisory, and investment management.
Who Should Read This Book?
1. MBA Semester IV (PTU) Students – Perfectly aligned with the syllabus.
2. Finance Professionals & Tax Consultants – Enhances practical knowledge in taxation and financial planning.
3. Aspiring Financial Planners & Investment Advisors – Provides foundational and advanced financial strategies.
Conclusion
Taxation and Personal Financial Planning is an indispensable resource for MBA Semester IV (PTU) students and finance enthusiasts. Authored by Monika Sharma and published by Thakur Publication, this book combines theoretical depth with practical applications, making complex financial and tax concepts accessible. Whether preparing for exams or building a career in finance, this book serves as a reliable guide for mastering taxation, financial planning, and investment management.
