The book has lucid commentary on Income Tax with
Illustrations, duly updated with all the recent amendments. It is a
comprehensive and critical study of law relating to income-tax. It also
includes gist of relevant CBDT Circulars and Notifications. The author
has given references to the latest important Supreme Court & High
Court Judicial pronouncements with relevant paragraphs at relevant
places. The main unique feature of the book is, that it provides very
useful tips for tax planning.
The crux of every provision has
been provided in a unique manner. At the end of every provision and
illustration, a synopsis has been highlighted under a frame. The
amendments made by the Finance (No. 2) Act, 2019 have been highlighted
separately with the effective dates, at relevant places. A section-wise
study with page and para referencing have been provided at the beginning
of every chapter, which facilitates reader quick glance through. To
facilitate easy and quick reference, a consolidated table of cases,
section-wise referencer, list of rules and list of circulars referred to
in the book have been provided.
Contents of Volume 1 & 2 :
Introduction
Scope of Total Income And Residental Status
Incomes which do not form part of Total Income
Computation of Total Income and income under Head "Salaries"
Income under Head "Income From House Property"
Income under Head "Profits & Gains of Business or Profession"
Income under Head"Capital Gains"
Income Under the Head "Income from other Sources"
Income of Other Persons Included in Assessee's Total Income (Clubbing of Income)
Unexplained cash credits, investments, money, etc
Set off or Carry forword and Set off of Losses
Deductions to be made in computing Total Income
Agricultural Income and Its Tax Treatment
Assessment of Individuals
Assessmet of Hindu Undivided Family
Assessment of Firms
Assessment of Association of Persons
Assessment of Co-operative Societies
Assessment of Trusts
Taxation of Mutual Associations
Assessment of Companies
Tonnage Tax Scheme
Taxation of Non-residents with special reference to Chapter XII and XIIA of Income TAx
Return of Income and Procedure of Assessment
Search, Seizure & Survey and Special Procedure for Assessment of Search Cases
Deduction and Collection of Tax at Source
Advance Payment of Tax
Interest Payable by/to Assessee
Refunds
Settlement of Cases.......................
Commercial's Concise Commentary On Income Tax with Tax Planning, Problems & Solutions for A.Y. 2023-24 by Dr. Girish Ahuja & Dr. Ravi Gupta [2 Volumes]