Concise Commentary on Income Tax with Tax Planning/Problems and Solutions (2 Volume Set)

 For AY 2021-2022 and 2022-2023
Financial Act, 2021 & Taxation Laws (Amendment) Act, (34 of 2021) Dt. 13.8.2021
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Description
It is with pride and pleasure that we place before the readers the nineteenth edition of 'Concise  Commentary on Income Tax'.
The main features of this book are:
•   It has been written in a unique, simple, easy to understand language that enables a quicker grasp
    for the reader.
•   Each topic is discussed in a lucid manner and is explained through examples and illustrations.
•   The law stated in this book is as amended by the Finance Act, 2018. Even the last minute changes in the
    law have been incorporated and it is, therefore, the latest and most update book on the subject.
•   The entire text is arranged in a logical sequence and contains all important judicial pronouncements         
     as well as the rules, circulars, notifications, etc., which are issued by the Department from time to time.
     The latest important case laws as well as the Departmental instructions issued upto June, 2018 have
     been included.
•   Another unique feature of this book is that it provides very useful tips for tax planning which will be of
    immense use for the readers.
•   To facilitate easy reference, a consolidated table of cases, section wise referencer, list of rules and list of
    circulars referred to in the book have been provided.
•   The book will be found useful by chartered accountants, company secretaries, advocates, tax consultants,
    income-tax practitioners, officials of the revenue department, corporate tax executives and by everyone
    dealing with direct taxes.
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Contents
Volume 1
Part I Direct Tax Laws
Chapter 1.    Introduction [Sections 1 to 4]
Chapter 2.    Scope of Total Income and Residential Status [Sections 5 to 9]
Chapter 3.    Incomes which do not form part of Total Income [Sections 10, 10AA,
                        and 11 to 13B]
Chapter 4.    Computation of Total Income [Sections 14 & 14A] & [Section 15 to 17]
Chapter 5.    Income under the Head "Income from House Property" [Sections 22 to 27]
Chapter 6.    Income under the Head "Profits and Gains of Business or Profession"
                        [Sections 28 to 44DB]
Chapter 7.    Income under the Head "Capital Gains" [Sections 45 to 55A]
Chapter 8.    Income under the Head "Income from Other Sources" [Sections 56 to 59]
Chapter 9.    Income of Other Persons Included in Assessee's Total Income (Clubbing of Income)
                       [Sections 60 to 65]
Chapter 10.  Unexplained Cash Credits, Investments, Money, etc [Sections 68 to 69D]
Chapter 11.  Set of or Carry forward and Set off of Losses [Sections 70 to 80]
Chapter 12.  Deductions to be made in Computing total Income [Sections 80A to 80U (Chapter VIA)]
Volume 2
Chapter 13.  Agricultural Income and Its Tax Treatment [Sections 2(1A) and 10(1)]
Chapter 14.  Assessment of Individuals
Chapter 15.  Assessment of Hindu Undivided Family
Chapter 16.  Assessment of Firms (Including LLP)
Chapter 17.  Assessment of Association of Persons
Chapter 18.  Assessment of Co-operative Societies
Chapter 19.  Assessment of Trusts [Sections 11 to 13]
Chapter 20.  Taxation of Mutual Associations
Chapter 21.  Assessment of Companies
Chapter 22.  Tonnage Tax Scheme
Chapter 23.  Return of Income and Procedure of Assessment [Sections 139 to 154]
Chapter 24.  Search, Seizure & Survey and Special Procedure for Assessment of
                        Search Cases [Sections 132, 132A, 132B, 133A, 153A to 153C]
Chapter 25.  Deduction and Collection of Tax at Source [Sections 190 to 206CA i.e.
                         Chapter XVIIA, XVIIB & XVIIBB]
Chapter 26.   Advance Payment of Tax [Sections 207-211,218 & 219]
Chapter 27.   Interest Payable by/to Assessee [Sections 201(1 A), 220(2), 234A, 234B,
                         234C, 234D & 244A]
Chapter 28.   Refunds [Sections 237 to 241 & 245]
Chapter 29.   Settlement of Cases [Sections 245A to 245L]
Chapter 30.   Advance Rulings [Sections 245N to 245V] .
Chapter 31.   Penalties and Prosecutions
Chapter 32.  Dispute Resolution 
Chapter 33.  Income Tax Authorities[Sections 116 to 119]
Chapter 34.   Business Reorganisation
Chapter 35.  Concepts of Tax-planning and Specific Management Decision 
Chapter 36.  Special Provisions Relating to Avoidance of Tax and General Anti-Avoidan
                         Rule (GAAR) (Transfer Pricing Provisions for International Transactions and Other
                         Provisions relating to Avoidance of Tax) [Chapter X, Sections 92 to 92F,
                         93, 94A, 94B and 95 to 102]
Chapter 37.   Liability in Special Cases [Chapter XV, Sections 159 to 179]
Chapter 38.   Collection and Recovery of Tax [Section 220 to 232]
Chapter 39.   Miscellaneous Provisions
Part II International Taxation
Chapter 1.    Taxation of Non Residents with Special Reference to Chapters XII & XII A of
                         Income Tax Act
Chapter 2.     Double Taxation Relief
Chapter 3.     Special Provisions Relating to Avoidance of Tax and General Anti-Avoidance
                          Rules (GAAR) (Transfer Pricing Provisions for International Transactions and
                          Other Provisions relating to Avoidance of Tax)
Chapter 4.      Advance Rulings (Sections 245N to 245V]
Chapter 5.      Equalisation Levy (Chapter VIII of the Finance Act, 2016]
Chapter 6.      Overview of Model tax Conventions
Chapter 7.       Application and Interpretation of Tax Treaties
Chapter 8.       Fundamentals of Base Erosion and Profit Shifting
Appendix 1 Depreciation Table
Appendix 2 Table of rates at which depreciation is admissible for power generation business
Appendix 3 Notification No. 29/2018 dated 22.6.2018
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Author Details
Dr. Girish Ahuja did his graduation and post-graduation from Shri Rom College of Commerce and was a position holder. He got his Ph.D. from Family of Management Studies, University of Delhi. He has been teaching Direct Taxes to students at various levels for more than 35 years. He is a Fellow of the Institute of Chartered Accountants of India (ICAI) and was placed in the merit list of both Intermediate and Final Examinations of the Institute. He is a senior faculty member of Shri Ram College of Commerce (Delhi University) and also visiting faculty member of the Institute of Chartered Accountants of India, Institute of Company Secretaries of India (ICSI) and various management institutes. He had been nominated by the Government to the Central Council of the Institute of Company Secretaries of India for two terms. He is a member of Fiscal Law Committee of ICAI and Editorial Board of ICSI. He is also on the Board of Directors of many companies and has a vast and rich experience in the field of finance and taxation.
Dr. Ravi Gupta did his graduation and post-graduation from Shri Ram College of Commerce. Thereafter, he did LL.B. from Delhi University and MBA (Finance) from Faculty of Management Studies, Delhi. He has been awarded a Ph.D. degree in International Finance by the Delhi University. He is n faculty member at Shri Ram College of Commerce (Delhi University) and also has vast practical experience in handling tax matters of trade and industry- He has been a visiting faculty member at The Indian Law Institute. The Institute of Company Secretaries of India, MFC' (South Campus Delhi University), MD1 and various other Management Institutes.
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