Taxmann's Direct Taxes Law & Practice (With Special Reference to Tax Planning‪)‬

Taxmann’s flagship publication on Direct Taxes has been to the ‘go-to-guide’ for Students & Professional Practitioners for the past 40 years now. This book aims at not only making the reader understand the law & but also helps the reader develop the ability to apply the law. In other words, this books aims at providing the reader the following:


• Acquire a familiarity with the direct tax provisions


• Awareness of direct tax provisions


• The nature and scope of direct tax provisions


• Up-to-date knowledge of how a statutory provision has been interpreted by different courts of law on different occasions


This book is written in a simple language, explaining the provision of the law in a step-by-step & to-the-point manner – with the help of suitable illustrations, without resorting to paraphrasing of sections and legal jargons.


This book will be useful for students appearing in CA, CS, ICWA, M.Com., LL.B. and MBA examinations. It will also be useful for those appearing the income-tax departmental examination.


The Present Publication is the 64th Edition, authored by Dr. Vinod K. Singhania & Dr. Kapil Singhania, and updated till 20th December 2020, with the following noteworthy features:


• [Self-Learning/Practice Book]; Features learn-yourself-technique enabling students to learn & apply the Law faster


• [Treatment of Text is To-The-Point] The matter is arranged in paras and sub-paras with distinct numbers to save time and energy. Also, debatable issues have been deliberated to their logical conclusion


• [Well-Thought-Out-Original-Problems] Each para starts with analytical discussions supported by 600+ ‘well-thought-out-original-problems’. A unique style of illustrating all complex provisions has been adopted. Hints are also given wherever tax planning can be resorted to


• [Most Amended] Latest Circulars, Notifications, Amendments & Case Laws (up to December 20, 2020) are included in all discussions. All recent citation of Court Rulings, Circulars and Notifications have been highlighted


• [Past Exam Questions with Answers] Question set for CA (Final) examination and answers from November 2010 to November 2020


• Follows Six-Sigma Approach to achieve the benchmark of 'Zero-Error'


• Also Available:


o [1st Edition] of Taxmann’s Direct Taxes Laws & International Taxation (Set of 2 Volumes)


o [1st Edition] of Taxmann’s Class Notes on Direct Tax Laws & International Taxation


o [1st Edition] of Taxmann’s Cracker on Direct Tax Laws & International Taxation


• Coverage of this book includes:


o Basic Concepts


o Residential Status and Tax Incidence


o Incomes Exempt from Tax


o Salaries


o Income from House Property


o Profits and Gains of Business or Profession


o Capital Gains


o Income from Other Sources


o Income of Other Persons Included in Assessee’s Total Income


o Set Off and Carry Forward of Losses


o Deductions from Gross Total Income and Tax Liability


o Agricultural Income


o Typical Problems on Assessment of Individuals


o Tax Treatment of Hindu Undivided Families


o Special Provisions Governing Assessment of Firms and Associations of Persons


o Taxation of Companies


o Assessment of Co-operative Societies


o Assessment of Charitable and Other Trusts


o Returns of Income and Assessment


o Penalties and Prosecution


o Advance Payment of Tax


o Interest


o Tax Deduction or Collection at Source


o Refund of Excess Payments


o Appeals and Revisions


o Income-tax Authorities


o Settlement of Cases


o Special Measures in Respect of Transaction with Persons Located in Notified Jurisdiction Area


o General Anti-avoidance Rule


o Advance Ruling for Non-residents


o Search, Seizure and Assessment


o Transfer Pricing


o Business Restructuring


o Alternative Tax Regime


o Tax Planning


o Miscellaneous


o Tax Rates


o Rates of Depreciation


o Question