Tax Practice Manual

Tax Practice Manual is an exhaustive (1,900 + pages), amended (by the Finance Act 2023) & practical guide (330+ case studies) for Tax Professionals of India.

This book will be helpful for Chartered Accountants, Lawyers/Advocates, and Tax Practitioners to assist them in their day-to-day tax work.

This book is divided into two parts:

• Law Relating to Tax Procedures, including Tax Practice (covering 25+ topics)
• 330+ Case Studies (covering 30+ topics)

The Present Publication is the 9^th Edition and has been amended by the Finance Act 2023. This book is authored by Mahendra B. Gabhawala with the following noteworthy features:

• Law Relating to Tax Procedures
  • [Lucid Explanation in a Practical Manner with Checklists & Necessary Tips] for the law relating to the Tax Procedures
  • [Exhaustive Coverage of Case Laws]
  • [Fine Prints & Unwritten Lines] of the law are explained in a lucid manner
• Tax Practice
  • [Elaborated & Threadbare Analysis] of every aspect of Tax Practice
• Case Studies
  • [330+ Case Studies] to deal with real-life animated situations/problems faced by tax practitioners
• Draft Replies
  • For the Notices sent by the Department
  • Petitions to the Department
• Drafting & Conveyancing
  • [Complete Guide to Drafting of Deeds & Documents] covering the following:
    • Affidavits
    • Wills
    • Special Business Arrangements
    • Family Arrangements
    • Power of Attorney
    • Lease, Rent & Leave and Licenses
    • Indemnity and Guarantee
    • Charitable Trust Deeds, etc.

The contents of this book are as follows:

• Law Relating to Tax Procedures
  • Tax Practice
  • Pre-assessment Procedures
  • Assessment
  • Appeals
  • Interest, Fees, Penalty and Prosecution
  • Refunds
  • Settlement Commission – ITSC, Interim Board & Dispute Resolution Committee (DRC)
  • Summons, Survey, Search
  • TDS and TCS
  • Recovery of Tax
  • Special Procedures
  • Approvals
  • STT, Deemed Dividend, Tax on Liquidation, Reduction and Buy Back, MAT and AMT
  • RTI, Ombudsman
  • Drafting of Deeds
  • Agreement, MoU
  • Gifts, Wills, Family Arrangements
  • Power of Attorney, etc.
  • Lease, Rent, License, etc.
  • Sale/Transfer of Properties
  • Tax Audit
  • Income Computation & Disclosure Standards
  • Virtual Digital Assets
  • Significant Amendments by Finance Act 2023
  • Prohibition of Benami Property Transactions Act 1988
• Case Studies
  • Tax Practice
  • Pre-Assessment Procedures
  • Assessment – Principles and Issues
  • Rectification of Mistake
  • Revision
  • Appeals to JT. CIT (Appeals)/CIT (Appeals)
  • Appeals to – ITAT – High Court – Supreme Court
  • Interest Payable by Assessee
  • Penalties
  • Prosecution
  • Refunds
  • Dispute Resolution Panel
  • Survey
  • Search & Seizure
  • Tax Deduction at Source
  • Recovery of Tax
  • Trust, Mutuality, Charity
  • Firm
  • LLP – Limited Liability Partnership
  • Right to Information – RTI
  • Agreement, MoU
  • AOP – Association of Persons
  • HUF – Hindu Undivided Family
  • Gifts
  • Wills
  • Family Arrangements
  • Power of Attorney
  • Indemnity and Guarantee
  • Lease, Rent, Leave and License
  • Sale/Transfer of Properties
  • Tax Audit
  • Prohibition of Benami Property Transactions Act, 1988