Handling of Income Tax Problems

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Description
It gives me immense pleasure to place before readers the edition of my book titled "Handling of Income Tax Problems". This is a complex subject. It required special skill in order to understand the provisions of Income Tax Laws. In this background, the present book is written in a simplistic language and in well structured manner The problems have been explained in step-by-step approach in this book. This book is about Query & Answer, practical problems and its solutions in easy to follow language with guidelines on art of handling the tax matters and provisions of Income under the heads, i.e., Salary, House Property, Business or Profession, Capital Gains, Income from Other Sources, incorporating other amendments made by the Finance Act, 2025. Also referring to decisions of various Courts and ITAT, latest CBDT Notifications and Circulars.
The book is written by an Income Tax officer who has devoted nine years in Investigating wing of the Income-tax Department, enquiring the tax evasion and finally bringing evidences against the tax evaders. This book is primarily a guide for investigation in Tax Evasion cases. This book not only describes the ways of tax evasion, but also how to detect, enquire and assess such cases.
I would like to place on record a special note of gratitude to Shri Ashok Kumar Manchanda, IRS, (1976 - Batch) who has been the guiding force and a constant source of inspiration in my life.
I also express my thanks to Shri Sandeep Garg, Commercial Law Publishers (India) Pvt. Ltd., who reposed confidence in me and published this book. They have done a good job in making this book attractive, acceptable and useful.
Few of us know of the remarkable role played by my wife Bharti in bringing this piece of fine book to the world. This could not have been written without my wife's inspiration. Her contribution cannot be simply defined in words. This is one of the possible way to honour her.
It is hoped that as in the past this book will also prove to be very useful and receive widespread patronage. My aim will be rewarded if the book is proved to be useful to the readers for whom it is meant. I shall, however, be grateful for any valuable and constructive suggestions from our readers.
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Table of Contents
1. Introduction
2. Definitions [Section 2]
3. Income not included in Total Income [Section 10]
4. Charitable Trusts or Institutions [Sections 11 to 13]
5. Heads of Income [Section 14]
6. Income from Salary [Sections 15 to 17]
7. Income from House Property [Sections 22 to 27]
8. Profits and Gains of Business or Profession [Sections 28 to 44]
9. Depreciation [Section 32]
10. Income Tax Audit under Section 44AB
11. Presumptive Scheme [Sections 44AD to 44BBB]
12. Capital Gains [Sections 45 to 55]
13. Exemptions from Capital Gains [Sections 54 to 54GB]
14. Income from Other Sources [Sections 56 to 59]
15. Clubbing of Income [Sections 60 to 65]
16. Cash Credits, Unexplained Investments, Money, Expenditure, etc. [Sections 68 to 69D]
17. Set-off or Carry Forward of Loss [Sections 70 to 80]
18. Deductions to be made in Computing Total Income [Sections 80A to 80U]
19. Rebates and Reliefs [Sections 87 to 89A]
20. Income Tax Authorities [Sections 116 to 119A]
21. Powers [Sections 131 to 138] 22 Search & Seizure [Section 132]
23. Return of Income [Section 139]
24. Updated Return (ITR-U) [Section 139(8A)] 25 Assessment Procedure [Sections 142 to 153]
26. Raising Rectification Request before Central Processing Centre (CPC)
27. Faceless Assessment [Section 144B]
28. Income Escaping Assessment [Sections 147 to 153]
29. Rectification of Mistake [Section 154]
30. Assessment of Firms [Sections 182 to 189A]
31 Deduction & Collection at Source [Sections 192 to 206] 32 Collection and Recovery [Sections 220 to 232]
33 Interest Chargeable in Certain Cases [Sections 234A to 234H]
34 Refunds [Sections 237 to 245]
35 e-Dispute Resolution Committee [Section 245MA]
36 Appeals to JCIT(A)/CIT(A)/ITAT/High Court/Supreme Court [Sections 246 to 262]
37 Revision of Orders Prejudicial to Revenue [Section 263]
38 Penalties Imposable [Sections 270A to 274] nobe)
39 Bar of Limitation for Imposing Penalties [Section 275]
40. Compounding of Offences [Section 279(2)]
41. Gifts
42. Hindu Undivided Family (HUF)
43. Principle of Mutuality
44. Virtual Digital Assets
45. Non-Residents
46. Advance Pricing Agreement (APA)
47. Permanent Account Number (PAN)
48. Tax Deduction and Collection Account Number (TAN)
49. New Tax Regime vs Old Tax Regime
50. Right To Information Act, 2005
51. Miscellaneous
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Author Details
Ram Dutt Sharma was born on 27th June, 1958 in Narnaul, Haryana. He got his post-graduation from M.D. University, Rohtak in 1980. He joined the Income-tax Department on 18.01.1983 and retired as Income Tax Officer on 30.06.2018. He worked at various stations of North-West Region of Income-tax Department. He has wide experience of all wings of Income- tax Department such as Assessment Unit, Special Range, TDS Wing, Investigation Wing, etc. He has been contributing articles such as in CBDT e-journal "Taxalogue", ITAT Online, Tax Guru and Writing of his own blog “ramduttsharma.blogspot.com", addressing on topics relating to Income Tax at NADT, Regional Campus and The Institute of Chartered Accountants of India, Tax Bar Associations etc. He has so far authored 44 books on Income Tax also.