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Income Tax Law Vol. 4 (Sections 56 To 80Ib)

Income Tax Law Vol. 4 (Sections 56 To 80Ib)

          
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About the Book

CHATURVEDI & PITHISARIA’S INCOME TAX LAW, Sixth Edition, 2014, a long awaited work, is being published after a gap of thirteen long years. Surpassing any comparable work, this evergreen classic encapsulates the law of income-tax in the most authentic and comprehensive manner. The work embodies logical and systematized analysis of the principles of income-tax law on one hand, while imparting practical guidance on the other. Various facets of law have been analyzed through illustrations with precision and clarity. The present edition is statutorily updated upto August 2014 including the Finance (No. 2) Act, 2014, and contains case law upto and including ITR 363, as well as select cases from other journals.
Presented in a set of 10 volumes, this work covering over 85,000 judicial decisions is meticulously arranged under approximately 25,000 headings and sub-headings. More than 5,000 pages have been added in this new edition, covering nearly 12,000 additional judgments reported over the last thirteen years. All departmental circulars, notifications and press notes issued by the CBDT and the Ministry of Finance till the date of publication of each volume have been reproduced at appropriate places. In addition, relevant rules and forms and allied provisions have been furnished.

Table of Contents:
Contents of Volume 4 Title page iii Preface to the sixth edition v Preface to the fifth edition vii Table of Cases xv-xcv Text of Volume 4 4783-6344 The Income-tax Act, 1961 (43 of 1961) ARRANGEMENT OF SECTIONS CHAPTER IV : COMPUTATION OF TOTAL INCOME (Contd.) F.—Income from other sources SECTION PAGE 56. Income from other sources ... 4783 57. Deductions ... 4826 58. Amounts not deductible ... 4852 59. Profits chargeable to tax ... 4856 CHAPTER V : INCOME OF OTHER PERSONS, INCLUDED IN ASSESSEE’S TOTAL INCOME 60. Transfer of income where there is no transfer of assets ... 4860 61. Revocable transfer of assets ... 4866 62. Transfer irrevocable for a specified period ... 4866 63. “Transfer” and “revocable transfer” defined ... 4866 64. Income of individual to include income of spouse, minor child, etc. ... 4877 65. Liability of person in respect of income included in the income of another person ... 4968 CHAPTER VI : AGGREGATION OF INCOME AND SET-OFF OR CARRY FORWARD OF LOSS Aggregation of income 66. Total income ... 4971 67. [Omitted] ... 4973 xii Contents SECTION PAGE 67A. Method of computing a member’s share in the income of association of persons or body of individuals ... 4982 68. Cash credits ... 4984 69. Unexplained investments ... 5078 69A. Unexplained money, etc. ... 5104 69B. Amount of investments, etc., not fully disclosed in books of account ... 5115 69C. Unexplained expenditure, etc. ... 5119 69D. Amount borrowed or repaid on hundi ... 5123 Set off, or carry forward and set off 70. Set-off of loss from one source against income from another source under the same head of income ... 5130 71. Set-off of loss from one head against income from another ... 5139 71A. Transitional provisions for set-off of loss under the head “Income from house property” ... 5151 71B. Carry forward and set-off of loss from house property ... 5153 72. Carry forward and set-off of business losses ... 5154 72A. Provisions relating to carry forward and set-off of accumulated loss and unabsorbed depreciation allowance in amalgamation or demerger, etc. ... 5176 72AA. Provisions relating to carry forward and set-off of accumulated loss and unabsorbed depreciation allowance in scheme of amalgamation of banking company in certain cases ... 5207 72AB. Provisions relating to carry forward and set-off of accumulated loss and unabsorbed depreciation allowance in business reorganisation of co-operative banks ... 5208 73. Losses in speculation business ... 5213 73A. Carry forward and set off of losses by specified business ... 5223 74. Losses under the head “Capital gains” ... 5223 74A. Losses from certain specified sources falling under the head “Income from other sources” ... 5232 75. Losses of firms ... 5238 76. [Omitted] ... 5242 77. [Omitted] ... 5242 78. Carry forward and set-off of losses in case of change in constitution of firm or on succession ... 5247 79. Carry forward and set-off of losses in the case of certain companies ... 5253 80. Submission of return for losses ... 5257 CHAPTER VI-A : DEDUCTIONS TO BE MADE IN COMPUTING TOTAL INCOME A.—General 80A. Deductions to be made in computing total income ... 5287 80AA. [Omitted] ... 5299 80AB. Deductions to be made with reference to the income included in the gross total income ... 5304


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Product Details
  • ISBN-13: 9789351432760
  • Publisher: LexisNexis
  • Binding: Hardback
  • Language: English
  • ISBN-10: 9351432769
  • Publisher Date: 2014
  • Edition: 6
  • No of Pages: 1744

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