Income Tax Assessment of Trade Specific Sectors under the provisions of Income Tax Law

This expert commentary focuses on the practical assessment of various trade-specific sectors under the Income Tax Law, as updated by the Finance Act, 2025. The book addresses the unique taxation challenges, compliance nuances, and audit triggers relevant to individual business verticals, providing sectoral insights and real-world applicability.

Key Features:

• Sector-wise analysis of assessment procedures
• Updated as per Finance Act, 2025
• Coverage of common deductions, presumptive taxation, and red flags for scrutiny
• Includes formats, tables, and illustrations tailored to each trade

This book is ideal for chartered accountants, tax professionals, business owners, sector consultants, income tax practitioners and students of taxation law.

Chapter Content Page
1 Introduction 1
2 Advertisement Industry 2
3 Agricultural Income 18
4 Assessment of Banks 46
5 Coffee Industry 92
6 Assessment in case of Contractors 104
7 Co-operative Banks 119
8 Co-operative Society 133
9 Cotton Textile Industry 182
10 Dairy Industry 208
11 Drugs and Pharmaceuticals 237
12 E – Commerce Industry 269
13 Edible Oil Industry 295
14 Entertainment Sector 327
15 Footwear Industry 398
16 Gems and Jewellery Sector 410
17 Gutka Industry (Pan Masala Industry) 466
18 Information Technology Industry 481
19 Leather Industry 524
20 Liquor Trade 539
21 Newspapers and Journals 585
22 Paper Industry 608
23 Power & Energy Industry 656
24 Printing Industry 691
25 Publishing Industry 698
26 Real Estate Sector 712
27 Rice Shellers 777
28 Rubber Industry 808
29 Shipping Industry 821
30 Sports Goods Industry 875
31 Sugar Mills 894
32 Tea Industry 921
33 Tobacco Industry 951
34 Travel and Tour Industry 997
35 Tyre Industry 1015