Handbook on Direct Taxes (As Amended by Finance (No.2) Act, 2024)

.............................................................................................................................
Description
Direct Taxes as a field of study and practice, is a professionally challenging and rewarding area. The Tax Practitioner should be constantly up to date with the current developments in Taxation Law, relevant Circulars, Notifications, Press Releases and Legal Decisions. With more focus on e-governance in Taxation Law, the Tax Practitioner is also required to be tech-savvy to ensure procedural compliance in various tax matters.
Compendium For Users (For Assessment Year 2024-25 and 2025-26)
With Ready Reckoner Tables, Relevant Case Law, Circulars and Notifications
The Highlights of the New Edition of the Book include-
● Amendments made by The Finance Act, 2024 incorporated at appropriate places inrespective
   Chapters, rather than giving reference to the amendment at a different place.
● Separate Topic on Faceless Assessment, Appeals and Penalty Provisions.
● All recent and relevant Circulars, Notifications, Press Releases & Court Decisions updated.
● Tax Referencer Tables for Individuals, HUF, AOP, BOI, AJP, Firms, Companies, Co-operative Societies for ten
● Assessment Years, in an effective and condensed form.
● Quick Guide to Allied Laws Companies Act 2013 (Depreciation, Fees, etc.) and Accounting Standards, ICDS.
● Highly appreciated by the Departmental Officials as an immediate Reference Book and User-Friendly Reckoner.
This book is intended to be a Handy Tool and a One Stop Referencer for all that is required to understand the subject of Direct Taxes.
.............................................................................................................................
Contents
Fast Track Referencer
FTR 1  Tax Rates for Last Ten Assessment Years
FTR 2  Amendments by Finance Act, 2024
FTR 3  Due Dates for Direct Taxes
FTR 4  Special Rates under the Income Tax Act, 1961
FTR 5  TDS & TCS Rates for Financial Year 2024-2025
FTR 6  Investment Planner for Financial Year 2024-2025
FTR 7  Forms under Income Tax Rules, 1962
FTR 8  Heads of Income and Deductions
FTR 9  Limitation of Time
FTR 10  Depreciation Rates under Income Tax Rules, 1962
FTR 11  Depreciation Rates under Schedule II of The Companies Act, 2013
FTR 12  Gold and Silver Rates
CHAPTERS
Part I - Computation of Total Income
1   Basic Concepts in Income Tax Law
2   Residential Status
3   Exemptions under the Income Tax Act, 1961
4   Salaries
5   Income from House Property
6   Profits and Gains of Business or Profession
7   Capital Gains
8   Income from Other Sources
9   Income of Other Persons included in Assessee's Total Income
10  Set off and Carry Forward of Losses
11  Deductions under Chapter VI—A
12  Rebates from Tax Payable
13  Agricultural Income
14  Relief for Salaried Employees
15  Taxation of Individuals
16  Taxation of HUF
17  Taxation of Partnership Firm
18  Taxation of LLP
19  Taxation of Companies
20  Taxation of AOP
21  Taxation of Co-operative Society
22  Taxation of Charitable Trust
23  Taxation of Private Trust
24  Taxation of Non-Residents
Fast Track Referencer
25  Taxation of International Transactions — Transfer Pricing
26  Double Taxation Avoidance Agreement
27  Taxation of Mutual Associations
28  Special Provisions relating to Avoidance of Tax
29  Tax Deduction at Source
30  Advance Tax, Collection and Recovery of Tax.
31  Interest
32  Refunds
33  Penalties and Prosecutions
34  Income Tax Authorities
35  Assessment Procedure — Duties of Assessee
36  Assessment Procedure — Powers of the Department
37  Assessment Procedure — Various Assessments
38  Assessment Procedure — Income Escaping Assessment
39  Assessment Procedure - Search Assessment
40  Liability in Special Cases
41  Settlement Commission
42  Rectification and Revision
43  Appeals to Various Authorities
44  Authority for Advanced Rulings
45  The Wealth Tax Act, 1957
Quick Referencer on Allied Law
Allied Law 1    Securities Transactions Tax
Allied Law 2    Commodities Transaction Tax [As per Finance Act, 2013] 
Allied Law 3    Fees Payable under Companies Act, 2013
Allied Law 4    Forms under the Companies Act, 2013
Allied Law 5    AS & Ind AS Referener
Allied Law 6    Income Computation and Disclosure Standards (ICDS)
.............................................................................................................................
Author Details
Shri G Sekar is a graduate in commerce and a fellow member of the Institute of Chartered Accountants of India. He is a rank-holder and
Gold Medalist in the graduation examinations. His areas of specialization  include Direct Taxation, Indirect Taxation, Systems Audit, Accounting Standards and Government Accounting. He is a faculty member on Taxation, at Institute of Chartered Accountants of India and its Branches. He is also a visiting faculty on the subject in management and professional institutes including Regional  Training Institute of Southern Region - C & AG. He has been regularly presenting papers on Direct and Indirect Taxation and Accounting Standards at conferences organised by various institutions. His articles on Direct and Indirect Taxation have been published in law journals.