Income Tax including Tax Planning & Management Assessment Year 2023-24

The present 44th edition of the book has been thoroughly revised in the light of the amendments made by The Income Tax Act, 1961; The Income Tax Rules, 1962, (as amended up-to-date);

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 2023-24 Further, the amendments made by the Finance Act, 2022 and the Finance Act, 2023, applicable for the Assessment Year 2023-24, 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 2023 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 2023-24 and 2024-25 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, 2023
❐ 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 (Retirement)
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 And Carry-Forward Of Losses
13. Deductions To Be Made 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. Procedure For Assessment
25. Deduction And Collection Of Tax At Source
26. Advance Payment Of Tax
27. Recovery And Refund Of Tax
28. Appeals And Revision
29. Penalties
30. Offences Liable To Prosecution
31. Capital And Revenue
32. Assessment Of Non-Residents In India
33. Assessment Of Insurance Business
34. Assessment Of Discontinued 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. Mode Of Acceptance Or Repayment Of Loans Or Deposits
39. Survey, Search And Seizure
40. Equalisation Levy (Also Known As ‘Google Tax’)
    Tax Planning And Management
41. Tax Planning Concepts
42. Tax Planning For Individuals
43. Tax Planning For New Business
44. Tax Planning And Financial Management Decisions
45. Tax Planning And Managerial Decisions
46. Special Tax Provisions
47. Amalgamation And Demerger
48. Tax Planning In Respect Of Managerial Remuneration 965-987
49. Tax Planning In Respect Of Foreign Income
50. General Antiavoidance Rules (Gaar)
    ❐ Annexures :
    ❐ Appendix (Seventh Schedule, Eighth Schedule, Thirteenth Schedule And
    Fourteenth Schedule)
    ❐ Rates Of Depreciation