Direct Taxes Law & Practice

Taxmann’s flagship publication on Direct Taxes has been to the ‘go-to-guide’ for Students & Professional Practitioners for the past 39 years now. This book aims at not only making the reader understand the law & but also helps the reader develop the ability to apply the law This book is written in a simple language, explaining the provision of the law in a step-by-step & to-the-point manner – with the help of suitable illustrations, without resorting to paraphrasing of sections and legal jargons. The Present Publication is the 63rd Edition & Updated till 20th December 2019, with the following noteworthy features: · Coverage of this book includes: o Basic Concepts o Residential status and tax incidence o Incomes exempt from Tax o Salaries o Income from House Property o Profits and gains of business or profession o Capital gains o Income from other sources o Income of other persons included in assessee’s total income o Set off and carry forward of losses o Deductions from gross total income and tax liability o Agricultural Income o Typical problems on assessment of individuals o Tax treatment of Hindu Undivided Families o Special provisions governing assessment of firms and associations of persons o Taxation of companies o Assessment of co-operative societies o Assessment of charitable and other trusts o Returns of income and assessment o Penalties and prosecution o Advance payment of tax o Interest o Tax deduction or collection at source o Refund of excess payments o Appeals and revisions o Income-tax authorities o Settlement of cases o Special measures in respect of transaction with persons located inn notified jurisdiction area o General Anti-avoidance Rule o Advance ruling for non-residents o Search, seizure and assessment o Transfer pricing o Business restructuring o Tax planning o Miscellaneous o Tax Rates & Rates of depreciation o Question set for CA (Final) examination and answers · Features of this book is as follows: o [Self-Learning/Practice Book]; Features learn-yourself-technique enabling students to learn & apply the Law faster o The matter is arranged in paras and sub-paras with distinct numbers to save time and energy. Also, debatable issues have been deliberated to their logical conclusion o Each para starts with analytical discussions supported by ‘well-thought-out-original-problems’. A unique style of illustrating all complex provisions has been adopted. Hints are given wherever tax planning can be resorted to o Latest Circulars, Notifications, Amendments & Case Laws (up to December 20 2019) are included in all discussions. All recent citation of Court Rulings, Circulars and Notifications have been highlighted o Follows Six-Sigma Approach to achieve the benchmark of 'Zero-Error'