Salient Features Of The Book

Even the last minute changes in the law have been incorporated in this revised edition of the book and as such it is the latest and most update book on Income Tax for the Assessment Year 2024-25 Further, the amendments made by the Finance Act, 2023 and the Finance Act, 2024, applicable for the Assessment Year 2024-25, have been incorporated in the book

• The present edition of the book has several unparalleled features which make it distinct from other available text books on Income Tax
• A simplified, systematic approach to the understanding of a complex subject written in a unique, simple and easy to understand language
• User-friendly examination-oriented style facilitating easy comprehension of each topic
• A unique feature of the revised edition is that Section-wise Index has been incorporated
• The language of the book is simple and lucid
• Small illustrations and examples are given for ticklish law points so as to make them easy and self-explanatory for students to understand the subject
• All important case laws and circulars/notifications reported upto June 2024 have been incorporated
• More than 500 solved illustrations have been given in various chapters from the questions set for examinations conducted by the various Universities,
• All important aspects of Tax Planning and Management for the Assessment Years 2024-25 and 2025-26 have been included in the book

Inspite of the best possible care some mistakes might have crept into the book inadvertently, for which the authors tender unqualified apology for inconvenience caused to readers and request the readers and friends to mail their suggestions and point out the mistakes, which will be most welcome

Income Tax including Tax Planning & Management Book Contents

❐ Salient Features of the Finance Act, 2024
❐ Section-wise Index

1. Introduction And Important Definitions
2. Residence And Tax Liability (Basis Of Charge)
3. Exemptions From Tax (Non-Taxable Income)
4. Income From Salaries
5. Income From Salaries (Taxability of Retirement Benefits)
6. Income From House Property
7. Profits And Gains Of Business Or Profession
   7A. Determination Of Income Of Certain Business Or Profession On A Presumptive Basis
8. Depreciation And Investment Allowance
9. Capital Gains
10. Income From Other Sources
11. Clubbing Of Incomes And Aggregation Of Incomes Or Deemed Incomes
12. Set-Off Or Carry-Forward And Set-Off  Of Losses
13. Deductions  From Gross Total Income While Computing Total Income
14. Agricultural Income
15. Rebate And Relief Of Tax
16. Computation Of Total Income Of Individuals
17. Computation Of Tax Liability Of Individuals
18. Assessment Of Hindu Undivided Families
19. Assessment Of Partnership Firms And Aop/Boi
20. Assessment Of Companies
21. Assessment Of Co-Operative Societies
22. Assessment Of Trusts
23. Income Tax Authorities And Their Powers
24. Assessment Procedure
25. Deduction And Collection Of Tax At Source
26. Advance Payment Of Tax
27. Recovery And Refund Of Tax
29. Appeals And Revision
30. Penalties
31. Offences Liable To Prosecution
32. Capital And Revenue
33. Assessment Of Non-Residents In India
34. Assessment Of Insurance Business
35. Double Taxation Relief
36. Liability In Special Cases
37. Interim Board Of Settlement (In Place Of Income Tax Settlement Commission) Board For Advance Ruling (Bar) [In Place Of Authority For Advance Ruling (Aar)]
38. Survey, Search And Seizure
39. Equalisation Levy
    Tax Planning And Management
40. Tax Planning Concepts
41. Tax Planning For Individuals
42. Tax Planning For New Business
43. Tax Planning And Financial Management Decisions
44. Tax Planning And Managerial Decisions
45. Special Tax Provisions
46. Amalgamation And Demerger
47. Tax Planning In Respect Of Managerial Remuneration
48. Tax Planning In Respect Of Foreign Income
49. General Antiavoidance Rules (Gaar)
    ❐ Annexures :
    ❐ Appendix (Seventh Schedule, Eighth Schedule, Thirteenth Schedule And
    Fourteenth Schedule)
    ❐ Rates Of Depreciation

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