Management Accountant
40581 Points
Joined June 2010
Mohit ji,
The subject of Income- tax is very comprehensive and it needs a substantial time to be devoted for the subject. Since your attempt is in May 2014, it is highly recommended to start reading any direct tax book in order to get a fair understanding of the syllabus. My suggestion would be to study from ICAI study material, as it is a good book provided at a reasonable price for both DT and IDT.
As time passes by, you can gather more information from friends, experts etc. to find out best book. For you Assessment Year 2014-15 is applicable for May 2014 examination, by this time you would have probably zeroed on the book that you intend to pick.
As suggested above by that time, ICAI will also publish supplementary book noting all the changes that are applicable for May 2014 examination.
Finally, the new books relevant for Assessment Year will be available in the Market by December end or early January for Assessment Year 2014-15. You will not feel enraged to say that your previous book has become useless and you put in so much time energy into it.
Good Luck
Sathish