Taxmann’s Direct Taxes Law & Practice – Professional Edition by Vinod K Singhania – April 2021

Taxmann’s flagship commentary on Direct Taxes, has been the most trusted & bestselling commentary for experienced practitioners, for more than 20 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 various 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

The Present Publication is the Latest Edition for Assessment Years 2021-22 & 2022-23), authored by Dr. Vinod K. Singhania & Dr. Kapil Singhania, incorporating all the amendments made by the following:

• The Finance Act, 2021
• The Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Act, 2020

The salient features of this book are as follows:

• [Thoroughly Revised] with a view to making the book more reader-friendly
• [Lucid & To-The-Point Explanations] which have been arranged in paras & sub-paras with distinct numbers, to make the practitioners more efficient in their work.
• [Theoretical Discussions Supplemented by Unique 600+ Illustrations] covering an exhaustive range of issues with reference to the latest Case Laws
• [Tax Planning] Hints are given, wherever tax planning can be resorted to
• [Coverage of Statutory & Judicial Precedents]
  • In-depth analysis of all provisions of Income-tax Act with relevant Rules, Judicial Pronouncements, Circulars and Notifications
  • Frequently asked questions for complex provisions
  • Gist of all Circulars and Notifications which are in-force
  • Digest of all Landmark Rulings by the Apex court, High Courts, and Tribunals
• [Bestseller Series] Taxmann’s Bestseller Book
• [Zero Error] Follows the Six Sigma Approach to achieve the Benchmark of ‘Zero Error’
• The detailed contents of the book are as follows:
  • Basic Concepts
  • Residential Status and Tax Incidence
  • Incomes Exempt from Tax
  • Salaries
  • Income from House Property
  • Profits and Gains of Business or Profession
  • Capital Gains
  • Income from Other Sources
  • Income of Other Persons Included in Assesse’s Total Income
  • Set-off and Carry Forward of Losses
  • Deductions from Gross Total Income and Tax Liability
  • Agriculture Income
  • Typical Problems on Assessment of Individuals
  • Tax Treatment of Hindu Undivided Families
  • Special Provisions Governing Assessment of Firms and Associations of Persons
  • Taxation of Companies
  • Assessment of Co-operative Societies
  • Assessment of Charitable and Other Trusts
  • Return of Income and Assessment
  • Penalties and Prosecution
  • Advance Payment of Tax
  • Interest
  • Tax Deduction or Collection at Source
  • Refund of Excess Payment
  • Appeals and Revisions
  • Income-tax Authorities
  • Settlement Commission and Dispute Resolution Committee
  • Special Measures in Respect of Transaction with Persons Located in Notified Jurisdictional Area
  • General Anti-Avoidance Rule
  • Advance Ruling
  • Search, Seizure and Assessment
  • Transfer Pricing
  • Business Restructuring
  • Alternative Tax Regime
  • Tax Planning
  • Miscellaneous