Common Problems Faced by Income-tax Assessees

The First Edition of this Book was a novel attempt to deal with complex issues faced by income-tax assessees. Thanks to the encouraging response from Income-tax Advisors, Chartered Accountants, and Taxpayers, the present updated Second Edition contains twenty-five (25) Chapters dealing with complex issues faced by income-tax assessees during the course of assessment and other proceedings under the Income-tax Act, 1961.

• Reassessment proceedings under section 147, read with section 148 of the Income-tax Act, 1961.
• A comprehensive study of the provisions of section 14A, based on the latest case law.
• Recovery of disputed demand.
• Principle of mutuality.
• Capital gains tax liability on the firm under section 45(4).
• Tax-treatment of the sale of a capital asset/land for non-fulfillment of the intended purpose.
  TDS on payments to non-residents and other connected issues.
• Tax-treatment of ESOPS and other related issues.
  TDS on expenses, made on an estimate basis, at the end of the financial year.
  Tax-treatment of Educational Institutions.
• Family arrangement and its implications under the Direct Tax Laws.
• A fresh claim of an assessee before the completion of an assessment.