Taxmann's flagship publication on Direct Taxes has been the 'go-to-guide' for Students & Professional Practitioners for over 40 years. 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 book aims at providing the reader with the following:Acquire familiarity with the direct tax provisionsAwareness of the direct tax provisionsThe nature and scope of the direct tax provisionsUp-to-date knowledge of how different courts of Law have interpreted a statutory provision on different occasionsThis book is written in 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 helpful for students appearing in CA, CS, ICWA, M.Com., LL.B., and MBA examinations. It will also be helpful for those appearing in the income-tax departmental examination.The Present Publication is the 66th Edition for A.Y. 2022-23(amended up to January 31st 2022), authored by Dr. Vinod K. Singhania & Dr. Kapil Singhania. The noteworthy features of this book are as follows:[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 January 31st, 2022) are included in all discussions. All recent citations 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 July 2021[Follows Six-Sigma Approach] to achieve the benchmark of 'Zero-Error'Also Available:o [2nd Edition] of Taxmann's Direct Taxes Laws & International Taxation (Set of 2 Volumes) o [2nd Edition] of Taxmann's Class Notes on Direct Tax Laws & International Taxationo [2nd Edition] of Taxmann's Cracker on Direct Tax Laws & International TaxationCoverage of this book includes: o Basic Conceptso Residential Status and Tax Incidenceo Incomes Exempt from Taxo Salarieso Income from House Propertyo Profits and Gains of Business or Professiono Capital Gainso Income from Other Sourceso Income of Other Persons included in Assessee's Total Incomeo Set Off and Carry Forward of Losseso Deductions from Gross Total Income and Tax Liabilityo Agricultural Incomeo Typical Problems on Assessment of Individualso Tax Treatment of Hindu Undivided Familieso Special Provisions Governing Assessment of Firms and Associations of Personso Taxation of Companieso Assessment of Co-operative Societieso Assessment of Charitable and Other Trustso Returns of Income and Assessmento Penalties and Prosecutiono Advance Payment of Taxo Interesto Tax Deduction or Collection at Sourceo Refund of Excess Paymentso Appeals and Revisionso Income-tax Authoritieso Settlement of Caseso Special Measures in Respect of Transaction with Persons Located in Notified Jurisdiction Areao General Anti-avoidance Ruleo Advance Ruling for Non-residentso Search, Seizure and Assessmento Transfer Pricingo Business Restructuringo Alternative Tax Regimeo Tax Planningo Miscellaneouso Annexures§ Tax Rates§ Rates of Depreciation§ Question set for CA (Final) examination and answers from November 2010 to January 2021 About the Author Dr. Vinod K. Singhania got his Ph.D. from the Delhi School of Economics in 1976. His field of special interest includes all f
