Taxmann’s Master Guide To Income Tax Act – 31st Edition 2021

Taxmann’s Master Guide to Income Tax Act, is a unique book that provides the following:

• Section-wise commentary on the Finance Act 2021
• Ready-referencer for all-important procedural aspects of the Income-tax Act.
• Analysis of all statutory and judicial changes in the Income-tax Act

The Present Publication is the 31^st Edition, amended by the Finance Act 2021 & the Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Act, 2020. This book is authored by Pradeep S. Shah & Rajesh S. Kadakia, with the following noteworthy features:

• [Division 1 | Commentary]: Section-wise commentary on changes made by the Finance Act, 2021
  • Definitions
  • Taxation of Unit Linked Insurance Policy (ULIPs)
  • Tax Incentive for Units Located in International Financial Services Centre (IFSC)
  • Exemptions
  • Taxation of Charitable Trusts
  • Business Income
  • Capital Gains
  • Carry Forward of Losses
  • Deductions
  • Return and Assessment of Income
  • TDS
  • Discontinuation of Income-tax Settlement Commission
  • Constitution of Dispute Resolution Committee (Section 245MA)
  • Board for Advance Rulings (Chapter XIX-B)
  • Miscellaneous
• [Division 2 | Income Tax Practice Manual]:
  • Tabular presentation of all key provisions of the Act, i.e.:
    • Tax-Free Incomes
    • Deductions & Allowances
    • Periods of Limitation
    • Penalties
    • Offences and Prosecutions
  • Analysis of all procedural aspects of the Act, i.e.:
    • Deduction of tax at source
    • Collection of tax at source
    • Return of income
    • Assessment/reassessment
    • Rectification of mistakes
    • Payment of tax/interest & refund of taxes
    • PAN & Aadhaar
    • Statements of Finance Transactions (SFT)
    • Advance Tax
    • Interest and Fees
    • Refunds
    • Faceless Proceedings

• [Division 3 | Gist of all Circulars, Clarifications & Notifications (1961 – February 2021)] with Section & Alphabetical key for easy navigation
• [Division 4 | Digest of all Landmark Rulings (1922 – February 2021)] with Section & Alphabetical keys for easy navigation