Direct Taxes Law and Practice (With Special Reference to Tax Planning)

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Description
Assessment Year - 2024-25
For CA (Final) May/ Nov. 2024, CS (Professional) June /December 2024,
CMA (Final) June/ December 2024, M.Com/MBA/LL.B and other specialized
examinations for academic year 2024-25
• The present edition is thoroughly revised with a view to making it more reader-friendly
• The treatment of the subject is lucid, to-the-point and the matter is painstak ingly arranged in paras and sub-paras with distinct numbers to save time and energy. Besides, debatable issues have been deliberated to their logical con- clusion
• Theoretical discussion is suitably supplemented by illustrations (over 600 in number and covering an exhaustive range of issues) providing solutions to the knotty problems with reference to the latest case law.
• Hints are given wherever tax planning can be resorted to
• Latest circulars, notifications, amendments and the case laws (e., up to December 31, 2023) are included in the discussion. All recent citations of court rulings, circulars and notifications have been highlighted
• In a nutshell, law is lucidly enumerated and its practical application is adequately explained
• All questions set for CA (Final) examination for last 10 years are given along with their solutions (of theory as well as practical questions) as per law 16 4-25. Besides, questions the assessment year 2024-25. post-graduate and professional examinations are also included at the end of applicable for the assessment each chapter set at various
 post graduate and professional examination
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Table of Contents
1. Basic concepts
2. Residential status and tax incidence
3. Incomes exempt from tax
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 from gross total income and tax liability
12. Agricultural income
13. Typical problems on assessment of individuals
14. Tax treatment of Hindu undivided families
15. Special provisions governing assessment of firms and association of persons
16. Taxation of companies
17. Assessment of co-operative societies
18. Assessment of charitable and other trusts
19. Return of income and assessment
20. Penalties and prosecutions
21. Advance payment of tax
22. Interest
23. Tax deduction or collection at source
24. Refund of excess payments
25. Appeals and revisions
26. Income-tax authorities
27. Settlement of cases
28. Special measures in respect of transactions with persons located in notified jurisdictional area
29. General Anti-Avoidance Rule
30. Advance ruling for non-residents
31. Search, seizure and block assessment
32. Transfer pricing
33. Business restructuring
34. Alternative tax regime
35. Tax planning
36. Miscellaneous
Annexures
1.    Tax rates
2.    Rates of depreciation
3.    The Eleventh Schedule, Thirteenth Schedule, Fourteenth Schedule/Investment ceiling in the case of
       small scale industrial undertaking
4.    Notified backward districts
5.    Questions set for CA  (Final) examinations and answers from May 2013 to May 2023
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Author Details
Dr. Vinod K. Singhania got his Ph.D. from the Delhi School of Economics in 1976. His fields of special interest include all facets of corporate legislation and corporate economics especially the tax laws. Associated in different capacities with several professional institutes and business houses in India and abroad, Dr. Singhania is author of many popular books and software published by Taxmann. He has to his credit more than 300 research articles which have appeared in leading journals. He has been a resource person in over 400 seminars in
India and abroad. He can be reached at vks@taxmann.com.
Dr. Kapil Singhania, a Fellow of the Institute of Chartered Accountants of India and belonging to the alumni of Shri Ram College of Commerce, has completed his research work for which he has been awarded Ph.D. in 2003. His fields of involvement in research work in form of articles in various reputed journals and analytical studies span across from corporate laws to direct and indirect taxation. He has authored a
variety of acclaimed books on direct and indirect taxes published by Taxmann. Dr. Singhania is providing tax consultancy to a number of business organizations, which include multinational and public sector companies.
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