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Author: Taxmann Publications Pvt. Ltd
Publisher:
ISBN: 9788171941919
Category : Income tax
Languages : en
Pages :
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Book Description
Author: Taxmann Publications Pvt. Ltd
Publisher:
ISBN: 9788171941919
Category : Income tax
Languages : en
Pages :
Get Book
Book Description
Author: Taxmann
Publisher: Taxmann Publications Private Limited
ISBN: 9356226903
Category : Law
Languages : en
Pages : 28
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Book Description
This book provides an in-depth Rule-wise commentary on the Income-tax Rules 1962. The Present Publication is the 30th Edition and incorporates all amendments till the Income-tax (Third Amendment) Rules, 2023. This book is authored by Taxmann's Editorial Board with the following noteworthy features: • [Detailed Analysis] on every Rule of Income-tax Rules 1962 • [Statutory Background of the Section] that helps you understand the enabling provisions, compliances required and the legislatures' intent behind the law • [Case Laws] are included within the text to aid the interpretation of the law further • [Simplified Language] to explain each provision of the Income-tax Rules • [Illustrations] to quickly understand the complexities of the Rule • [Gist of All Circulars and Notifications] issued by the Department in each Rule, which are in force • [Income-tax Compliances] to be done in each Rule The detailed coverage of the book is as follows: • Rule 2A – House Rent Allowance (HRA) • Rule 2B - Leave Travel Concession/Assistance (LTC/LTA) • Rule 2BA – Voluntary Retirement Compensation • Rule 2BB – Special Allowances • Rule 2BBA – Family pension to heirs of members of Armed Forces (including Para-Military Forces) Member • Rule 2BBB – Percentage of the Government grant for considering University, Hospital, etc., as substantially financed under section 10(23C)(iiiab)/(iiiac) • Rule 2C – Application for grant of approval of a fund/trust/institution/university/other educational institution/hospital/other medical institution under the first proviso to section 10(23C) • Rule 2DB & 2DC – Pension Fund • Rule 2DCA – Computation of minimum investment/lending and exempt income for the purposes of section 10(23FE) • Rule 2DD – Computation of exempt income of the specified fund for the purpose of section 10(23FF) • Rule 2F – Guidelines for setting up Infrastructure Debt Fund • Rule 3 – Valuation of Perquisites • Rule 3A - Exemption to medical benefits from perquisite value in respect of medical treatment of prescribed diseases/ailments in hospitals approved by PCCIT/CCIT • Rule 3B – Computation of Annual Accretion • Rule 4 – Unrealised Rent • Rule 5 – Depreciation • Rule 5AC – Furnishing of Audit Report under section 33AB(2) • Rule 5AD – Furnishing of Audit Report under section 33ABA(2) • Rule 5C, 5D & 5E – Guidelines, conditions, etc., for approval to be granted to a Research Association/University/College/Other Institution • Rule 5CA – Intimation for continuance of approval under section 35(1)(ii)/(iia)/(iii) • Rule 5F – Guidelines, conditions, etc., for approval to be granted to a company registered in India • Rule 5G – Taxation on Income from Patent • Rule 6 – Prescribed authorities for certain provisions of section 35 & conditions for approval under section 35(2AA) & (2AB) • Rule 6A – Expenditure for obtaining the right to use spectrum for telecommunication services • Rule 6AAD & 6AAE – Guidelines for approval of agricultural extension project & conditions for notification under section 35CCC • Rule 6AAF, 6AAG & AAH – Guidelines for approval of skill development project & conditions for notification under section 35CCD • Rule 6AB – Form of Audit Report for claiming deductions under sections 35D & 35E • Rule 6ABA – Computation of aggregate average advances for purposes of section 36(1)(viia) • Rule 6ABAA – Infrastructure facility for the purposes of section 36(1)(viii) • Rule 6ABBA – Other permissible electronic modes for payment/receipt • Rule 6DD – Disallowance of cash payments • Rule 6DDA & 6DDB – Recognised stock exchange in respect of trading in derivatives • Rule 6E – Amount carried over to a reserve for unexpired risks in case of the insurance business (other than life insurance) • Rule 6EA & 6EB – Taxation of interest income of certain institutions, banks, company, etc., in relation to specified categories of bad or doubtful debts • Rule 6F – Books of account and other documents to be kept and maintained under section 44AA(3) by persons carrying on certain professions • Rule 6G – Report of audit of accounts to be furnished under section 44AB • Rule 6GA – Form of report of audit of accounts to be furnished under section 44DA(2) • Rule 6H – Form of report of an accountant under section 50B(3) • Rule 7 – Income which is partially agricultural and partially from business • Rule 7A – Income from the manufacture of rubber • Rule 7B – Income from the manufacture of coffee • Rule 8 – Income from the manufacture of tea • Rule 8AA – Method of determination of the period of holding of capital asset in certain cases • Rule 8AB – Attribution of income taxable under section 45(4) to the capital assets remaining with the specified entity, under section 48 • Rule 8AC – Computation of short-term capital gains and written down value under section 50 where depreciation on goodwill has been obtained • Rule 8AD – Computation of capital gains for purposes of section 45(1B) • Rule 8B – Guidelines for notification of zero coupon bonds • Rule 8C – Computation of pro rata amount of discount on a zero coupon bond for purposes of section 36(1)(iiia) • Rule 8D – Method for determining amount of expenditure in relation to income not includible in total income • Rule 9A – Deduction in respect of expenditure on the production of feature films • Rule 9B – Deduction in respect of expenditure on acquisition of distribution rights of feature films • Rule 9C – Conditions for carrying forward or set-off of accumulated loss and unabsorbed depreciation allowance in case of amalgamation • Rule 9D – Calculation of taxable interest relating to contribution in a provident fund/recognised provident fund, exceeding the specified limit • Rule 10 – Determination of income in the case of non-residents • Rule 10A to 10CA – Computation of arm's length price • Rule 10CB – Computation of interest income pursuant to secondary adjustments • Rule 10D & 10DA – Information and documents to be kept & maintained under section 92D • Rule 10DB – Furnishing of report in respect of an international group • Rule 10E – Report from an accountant to be furnished under section 92E • Rule 10F to 10T – Advance Pricing Agreement Scheme • Rule 10RB – Relief in tax payable under section 115JB(1) due to operation of section 115JB(2D) • Rule 10TA to 10THD – Safe Harbour Rules for International Transactions & Specified Domestic Transactions • Rule 10U – GAAR not to apply in certain cases • Rule 10UA – Determination of consequences of impermissible avoidance arrangement • Rule 10UB to 10UF – Reference to PCIT/CIT for invocation of GAAR • Rule 10V to 10VB – Certain activities not to constitute business connection in India • Rule 11A – Medical authority for certifying autism, cerebral palsy and multiple disabilities and certificate to be obtained from the medical authority for the purposes of deduction under sections 80DD & 80U • Rule 11AA – Requirement for approval of institution or fund under section 80G(5)(vi) • Rule 11B – Deduction in respect of rents paid • Rule 11DD – Deduction in respect of the medical treatment of specified diseases & ailments • Rule 11EA – Guidelines for specifying industrially backward districts for the purpose of deduction under section 80-IB(5) • Rule 11-OA & 11-OB – Guidelines for notification of certain specified businesses under section 35AD • Rule 11P to 11T – Tonnage Tax Scheme for Shipping Companies • Rule 11U & 11UA – Determination of fair market value of property other than immovable property • Rule 11UAA & 11UAD – Special provision for full value of consideration for transfer of share other than quoted share • Rule 11UAB – Determination of Fair Market Value for Inventory • Rule 11UAC – Cases in which provisions of section 56(2)(x) not to apply • Rule 11UAE – Computation of fair market value of capital assets for the purposes of section 50B • Rule 11UB & 11UC – Determination of value of assets and apportionment of income in certain cases • Rule 11UD – Thresholds for the purposes of significant economic presence • Rule 11UE & 11UF – Indirect transfer prior to 28-5-2012 of assets situated in India • Rule 12 – Return of income • Rule 12A – Preparation of return by authorised representative. • Rule 12AA – Verification of return by whom • Rule 12AB – Conditions for furnishing return of income by persons referred to in section 139(1)(b) • Rule 12AC – Updated return • Rule 12AD – Return of income under section 170A • Rule 12C - Tax on income accruing/arising to/received from venture capital companies and venture capital funds • Rule 12CA – Tax on income of unit holder and business trust • Rule 12CB – Tax on income of investment fund and its unit holders • Rule 12CC – Tax on income from Securitisation Trusts • Rule 12D – Power to call for information by prescribed Income-tax Authority • Rule 12E – Regular assessment • Rule 12F – Inquiry before assessment • Rule 14 – Inquiry before assessment • Rule 14A & 14B – Special audit • Rule 15 – Notice of demand • Rule 15A – Declaration under section 158A • Rule 16 – Application under section 158AB to defer filing of appeal before the ITAT or the jurisdictional High Court • Rule 16B – Exemption in respect of remuneration/fee/any other income received by consultant or his employee • Rule 16C – Exemption in respect of income of a fund for the welfare of employees or their dependants • Rule 16CC – Form of audit report prescribed under 10th proviso to section 10(23C) • Rule 16DD – Special provision in respect of newly established undertakings in free trade zone, etc. • Rule 17 – Exercise of option, etc., under section 11 or 10(21) • Rule 17A – Application for registration of charitable or religious trusts, etc. • Rule 17AA – Books of account and other documents to be kept and maintained • Rule 17B – Audit report in case of charitable or religious trusts • Rule 17C – Forms or modes of investment or deposits by a charitable or religious trust or institution • Rule 17CA – Special provisions relating to voluntary contributions received by electoral trust • Rule 17CB – Tax on accreted income of certain Trusts and Institutions • Rule 18AAA – Prescribed authority for the purposes of section 80G(2)(a)(iiif) • Rule 18AAAAA – Guidelines for specifying an association/ institution for the purposes of section 80G(2)(c) • Rule 18AB – Furnishing of statement of particulars and certificate under section 80G(5)(viii)/(ix) or under section 35(1A) • Rule 18BBB – Form of audit report for claiming deduction under section 80-IA/80-IB/80-IC • Rule 18BBE – Computation of profits of certain activities forming an integral part of a highway project • Rule 18C – Eligibility of industrial parks for benefit under section 80-IA(4)(iii) • Rule 19AB – Form of report for claiming deduction under section 80JJAA • Rule 19AC – Form of certificate to be furnished under section 80QQB(3) • Rule 19AD – Prescribed authority & form of certificate to be furnished under section 80RRB(2) • Rule 19AE – Form of accountant's report to be furnished under section 80LA(3) • Rule 20 – Guidelines for approval under section 80C(2)(xix) • Rule 20A – Guidelines for approval under section 80C(2)(xx) • Rule 21A – Relief when salary is paid in arrears or in advance, etc. • Rule 21AA – Furnishing of particulars for claiming refund under section 89 • Rule 21AAA – Taxation of income from retirement benefit account maintained in a notified country • Rule 21AB – Information to be provided for claiming relief under an agreement referred to in sections 90 & 90A • Rule 21AC – Furnishing of authorisation and maintenance of documents, etc., for the purposes of section 94A • Rule 21AD – Exercise of option under section 115BA(4) • Rule 21AE – Exercise of option under section 115BAA(5) • Rule 21AF – Exercise of option u/s 115BAB(7) • Rule 21AG – Exercise of option under section 115BAC • Rule 21AH – Exercise of option under section 115BAD(5) • Rule 21AI, 21AIA & 21AJA – Other conditions for specified fund & computation of exempt income of such fund for the purposes of section 10(4D) • 21AJ & 21AJAA – Determination of income of a specified fund under section 115AD(1A)/(1B) • Rule 21AK – Exemption in respect of any income accrued/arisen to/received by a non-resident with regard to specified forwards contracts/derivatives entered into with an offshore banking unit of an IFSC • Rule 21AL – Other conditions required to be fulfilled by the original fund • Rule 26 to 37BC – Deduction of tax at source • Rule 29A – Form of certificate to be furnished under section 80QQB(4)/80RRB(3) • Rule 37C to 37J – Collection of tax at source • Rule 38 & 39 – Payment of advance tax • Rule 40B – Accountant's report u/s 115JB(4) • Rule 40BA – Accountant’s report u/s 115JC(3) • Rule 40BB – Determination of amount received by domestic company in respect of issue of shares • Rule 40G – Refund claim under section 239A • Rule 42 to 44 – Tax clearance certificates • Rule 44DA – Exercise of option under section 245M(1) and intimation thereof • Rule 44DAA to 44DAD – Dispute Resolution Committee • Rule 44E to 44FA – Advance Rulings • Rule 44G – Mutual Agreement Procedure • Rule 44GA – Procedure to deal with requests for Bilateral/Multilateral Advance Pricing Agreements • Rule 45 & 46 – Form of Appeal to CIT(A) & Mode of Service • Rule 46A – Production of additional evidence before CIT(A) • Rule 47 – Form of appeal and memorandum of cross-objections to Appellate Tribunal • Rule 49 to 66 – Authorised representatives • Rule 67 to 81 – Recognised provident funds • Rule 82 to 97 – Approved superannuation funds • Rule 98 to 111 – Approved gratuity funds • Rule 111AA & 111AB – Reference to Valuation Officer • Rule 111B – Publication and circulation of Board's order • Rule 112 – Search and seizure • Rule 112C – Release of remaining assets • Rule 112D – Requisition of books of account, etc. • Rule 112E – Form of information under section 133B(1) • Rule 113 – Disclosure of information respecting assessees • Rule 114 & 114AAA – Application for allotment of a Permanent Account Number • Rule 114A – Application for allotment of a Tax Deduction and Collection Account Number • Rule 114AAB – Class or classes of persons to whom provisions of section 139A shall not apply • Rule 114B, 114BB, 114C & 114D – Quoting/Intimation of Permanent Account Number • Rule 114BA – Transactions for which persons are required to apply for allotment of PAN • Rule 114DA – Furnishing of annual statement by a non-resident having a liaison office in India • Rule 114DB – Information or Documents to be furnished u/s 285A • Rule 114E to 114H – Furnishing of Statement of Financial Transaction (SFT) • Rule 114-I – Annual Information Statement (AIS) • Rule 115 – Rate of exchange for conversion into rupees of income expressed in foreign currency • Rule 115A - Rate of exchange for conversion of rupees into foreign currency and reconversion of foreign currency into rupees for the purposes of computation of capital gains under 1st proviso to section 48 • Rule 117B & 117C – Recovery by TRO • Rule 119A – Procedure to be followed in calculating interest • Rule 119AA – Modes of payment for the purpose of section 269SU • Rule 121A – Form of statement to be furnished by producers of cinematograph films or persons engaged in specified activity • Rule 125 – Electronic payment of tax • Rule 126 – Computation of period of stay in India in certain cases • Rule 127 – Service of notice, summons, requisition, order and other communication • Rule 127A – Authentication of notices and other documents • Rule 128 – Foreign Tax Credit • Rule 129 – Form of application under section 270AA • Rule 130 – Omission of certain rules and forms and savings • Rule 131 – Electronic furnishing of forms, returns, statements, reports, orders, etc. • Rule 132 – Application for Recomputation of Income u/s 155(18)
Author: Taxmann
Publisher: Taxmann Publications Private Limited
ISBN: 9356226865
Category : Law
Languages : en
Pages : 24
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Book Description
This book covers the Amended, Updated & Annotated text of the Income-tax Rules and 35+ Allied Rules, Schemes, etc. The recent changes in the Income-tax Rules, 1962 are as follows: • [Insertion/Changes in Rules] are as follows: o Insertion of 15+ New Rules o Changes in 25+ Existing Rules • [Insertion/Changes in Forms] are as follows: o Insertion of 10+ New Forms o Changes in 20+ Existing Forms • [New Rules & Forms] are as follows: o New Rule providing return filing mandatory where turnover, TDS/TCS or deposit in a savings bank account exceeds a certain limit o New Rule for maintenance of books & other documents by trust or institution o New Rule providing tax relief on income arising from foreign retirement funds o New Rule for computation of minimum investment & exempt income of a specified person under section 10(23FE) o New Rule prescribing 'other conditions' to be fulfilled by a specified fund referred to in Section 10(4D) o New Form ITR-U for filing of updated return o New Form for making application for recomputation of income o New Form ITR-A for filing of modified return by the successor entity o New Challan-cum-statement in Form 26QE for depositing tax deducted on VDA by a specified person o Rules amended to allow Infrastructure Debt Fund to issue 'Zero Coupon Bonds' o Companies issuing zero coupon bonds to submit a certificate from Chartered Accountant in Form No. 5BA The Present Publication is the 60th Edition, and all available amendments notified up to Income Tax (Third Amendment) Rules, 2023, have been incorporated. This book is edited by Taxmann's Editorial Board, with the following noteworthy features: • [Coverage] of this book includes: o All Rules, Schemes, etc., which are either notified under the Income-tax Act or referred to in different provisions of the Income-tax Act, are covered, i.e., § Income-tax Rules § ICDS § Faceless Assessment, Appeal & Penalty Scheme with Directions § STT, CTT & EL, etc. o Income-tax Return Forms for Assessment Year 2023-24 • [Action Points for Forms] All Forms carry Action Points that explain the Relevant Provisions and Process of Filing • [Quick Identification for Redundant & e-Forms] • [Bestseller Series] Taxmann's series of Bestseller Books for more than Five Decades • [Zero Error] Follows the Six Sigma Approach to achieve the benchmark of 'Zero Error' The detailed contents of the book are as follows: • Income-tax Rules, 1962 amended up to date with the list & text of provisions of Allied Law referred to in Income-tax Rules • Income Computation and Disclosure Standards • Income-tax (Appellate Tribunal) Rules, 1963, along with the text of the Standing Order under Income-tax (Appellate Tribunal) Rules 1963, other Notifications & Instructions, and text of the Income-tax Appellate Tribunal Members (Recruitment and Conditions of Service) Rules 1963 • Faceless Assessment Scheme, 2019 with Directions • Faceless Appeal Scheme, 2021 • Faceless Penalty Scheme, 2021 with Directions • Commodities Transaction Tax Rules, 2013 • Securities Transaction Tax Rules, 2004, as amended up to date • Equalisation Levy Rules, 2016 • Prohibition of Benami Property Transaction Rules, 2016 • Income-tax (Dispute Resolution Panel) Rules, 2009 • Authority for Advance Rulings (Procedure) Rules, 1996 • Centralized Verification Scheme, 2019 • Centralised Processing of Returns Scheme, 2011, with the text of the Application of provisions of the Act relating to the processing of Returns • e-Settlement Scheme, 2021 • e-Verification Scheme, 2021 with FAQs on e-Verification Scheme, 2021 • e-Advance Rulings Scheme, 2022 • Capital Gains Accounts Scheme, 1988 • Reverse Mortgage Scheme, 2008 • Reduction of Wavier of Interest under Section 234A/234B/234C with CBDT's Instructions for waiver or reduction of interest Delay in Filing Refund Claim with condonation of delay in filing refund claim and claim of carry forward of losses under section 119(2)(b) of the Income-tax Act • Relaxation of Validation (Section 119 of the Finance Act 2012) Rules, 2021 • Faceless Jurisdiction of Income-tax Authorities Scheme, 2022 • e-Assessment of Income Escaping Assessment Scheme, 2022 • Faceless Inquiry or Valuation Scheme, 2022 • e-Disputes Resolution Scheme, 2022 • Centralised Processing of Equalisation Levy Statement Scheme, 2023 • Return Forms o ITR-1 | SAHAJ – Individual Income Tax Return o ITR-2 | Return of Income – For Individuals and HUFs not having income from profits and gains of business or profession o ITR-2A | [Omitted by the IT (Fourth Amdt.) Rules, 2017, w.e.f. 1-4-2017] o ITR-3 | Return of Income – For Individuals and HUFs having income from profits and gains of business or profession o ITR-4 | SUGAM – Form Individuals, HUFs and Firms (other than LLP) being a resident having total income up to Rs. 50 lakh and having income from business and profession, which is computed under section 44AD, 44ADA or 44AE [Not for an individual who is either Director in a company or has invested in unlisted equity shares or if income-tax is deferred on ESOP or has agricultural income more than Rs. 5000] o ITR-4 | [Omitted by the IT (Fourth Amdt.) Rules, 2017, w.e.f. 1-4-2017] ITR-5 | Return of Income - For persons other than — (i) individual, (ii) HUF, (iii) company and (iv) person filing Form ITR-7 ITR-6 | Return of Income – For Companies other than companies claiming exemption under section 11 ITR-7 | Return of Income – For persons including companies required to furnish returns under sections 139(4A) or 139(4B) or 139(4C), or 139(4D) only ITR-8 | [Omitted by the IT (Twenty-First Amdt.) Rules, 2021, w.e.f. 29-7-2021] ITR-V | Verification Form & Acknowledgment • Other Rules and Schemes Income-tax (Certificate Proceedings) Rules, 1962 Income-tax Settlement Commission (Procedure) Rules, 1997 Tax Return Preparer Scheme, 2006 Bank Term Deposit Scheme, 2006 Sukanya Samriddhi Account Scheme, 2019 Senior Citizen's Savings Scheme, 2019 Kisan Vikas Patra Scheme, 2019 Public Provident Fund Scheme, 2019 National Savings Certificates (VIII Issue) Scheme, 2019
Author: Uma Kant Bhargava
Publisher:
ISBN: 9788171940332
Category : Income tax
Languages : en
Pages :
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Book Description
Author: Taxmann
Publisher: Taxmann Publications Private Limited
ISBN: 9356226962
Category : Law
Languages : en
Pages : 27
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Book Description
This book combines the following, making it a one-stop resource for statutes & case laws on direct taxes: • Acts • Rules • Landmark Rulings • Direct Taxes Law Lexicon • Circulars, Clarifications & Notifications • Schemes, Models & Drafts This book comes in a set of three volumes and incorporates all changes made by the following: • Volume One | Acts – Amended by the Finance Act, 2023 • Volume Two | Rules – Updated till the Income-tax (Third Amendment) Rules, 2023 • Volume Three | Landmark Rulings, Circulars, Clarifications, Notifications, etc. – Amended/Updated up to February 2023 The Present Publication is the 53rd Edition, edited by Taxmann's Editorial Board, with the following volume-wise noteworthy features: • Volume One | Acts o [Annotations] under each section shows: § Relevant Rules & Forms § Relevant Circulars & Notifications § Date of enforcement of provisions § Allied Laws referred to in the section o [Legislative History of Amendments] since 1961 o Comprehensive Table of Contents o [Quick Navigation] Relevant section numbers are printed in folios for quick navigation • Volume Two | Rules o [Action Points for Forms] All Forms carry Action Points that explain the Relevant Provisions and Process of Filing o [Return Forms] for A.Y. 2023-24 o [Quick Identification for Redundant & e-Forms] • Volume Three | Landmark Rulings, Circulars, Clarifications, Notifications, etc. o [15+ Schemes] relevant under the Income-tax Act o [Words & Phrases] as defined by various Courts o [Circulars, Clarifications & Notifications | 1961 – February 2023] Gist of all Circulars and Notifications which are in force o [Case Laws | 1922 – February 2023] Digest of all Landmark Rulings by the Supreme Court, High Courts o [25+ Models & Drafts] helpful in your day-to-day practice • [Bestseller Series] Taxmann's series of Bestseller Books for more than Five Decades • [Zero Error] Follows the Six Sigma Approach to achieve the benchmark of 'Zero Error' The volume-wise coverage of this book is as follows: • [Acts] The following Acts are covered in this book: o Income Tax Act, 1961, as amended by the Finance Act 2023. It also includes the list/text of provisions of allied Acts, Circulars, and Regulations referred to in the Income-tax Act, along with validation provisions & subject-index o Finance Act 2023 o Prohibition of Benami Property Transactions Act, 1988, as amended by the Finance Act 2023 o Securities Transaction Tax as amended by the Finance Act 2023 o Commodities Transaction Tax o Equalisation Levy, along with Notification u/s 164 of the Finance Act, 2016 o Black Money Act § Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 § Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Rules, 2015 • [Rules] The following Rules are covered in this book: o Income-tax Rules, 1962 amended up to date with the list/text of provisions of Allied Laws referred to in Income-tax Rules along with Subject Index o Income Computation and Disclosure Standards o Income-tax (Appellate Tribunal) Rules, 1963 § Standing Order under Income-tax (Appellate Tribunal) Rules 1963 § Other Notifications & Instructions § Income-tax Appellate Tribunal Members (Recruitment and Conditions of Service) Rules 1963 § Subject Index o Commodities Transaction Tax Rules, 2013 o Securities Transaction Tax Rules, 2004 o Authority for Advance Rulings (Procedure) Rules, 1996 o Prohibition of Benami Property Transaction Rules, 2016 o Equalisation Levy Rules, 2016 o Capital Gains Accounts Scheme, 1988 o Electoral Trusts Scheme, 2013 o Income-tax (Dispute Resolution Panel) Rules, 2009 o Reduction of interest under Section 234A/234B/234C § CBDT's Instructions for waiver or reduction of interest o Delay in Filing Refund Claim § Condonation of delay in filing refund claim and claim of carry forward of losses under section 119(2)(b) of the Income-tax Act o Reverse Mortgage Scheme, 2008 o Centralised Verification Scheme, 2019 o Faceless Assessment Scheme, 2019 with Directions o Faceless Appeal Scheme, 2021 o Faceless Penalty Scheme, 2021 with Directions o Site Restoration Fund Scheme, 1999 o National Pension Scheme Tier II – Tax Saver Scheme, 2020 o Centralised Processing of Returns Scheme, 2011 § Application of provisions of the Act relating to the processing of Returns o e-Settlement Scheme, 2021 o e-Verification Scheme, 2021, with FAQs o e-Advance Rulings Scheme, 2022 o Relaxation of Validation (Section 119 of the Finance Act 2012) Rules, 2021 o Faceless Jurisdiction of Income-tax Authorities Scheme, 2022 o e-Assessment of Income Escaping Assessment Scheme, 2022 o Faceless Inquiry or Valuation Scheme, 2022 o e-Dispute Resolution Scheme, 2022 o Centralised Processing of Equalisation Levy Statement Scheme, 2023 • [Return Forms for Assessment Year 2023-24 & Other Rules/Schemes] o [Return Forms] § ITR-1 | SAHAJ – Individual Income Tax Return § ITR-2 | Return of Income – For Individuals and HUFs not having income from profits and gains of business or profession § ITR-2A | [Omitted by the IT (Fourth Amdt.) Rules, 2017, w.e.f. 1-4-2017] § ITR-3 | Return of Income – For Individuals and HUFs having income from profits and gains of business or profession § ITR-4 | SUGAM – For Individuals, HUFs and Firms (other than LLP) being a resident having total income up to Rs. 50 lakh and having income from business and profession, which is computed under section 44AD, 44ADA or 44AE [Not for an individual who is either Director in a company or has invested in unlisted equity shares or if income-tax is deferred on ESOP or has agricultural income more than Rs. 5000] § ITR-4 | [Omitted by the IT (Fourth Amdt.) Rules, 2017, w.e.f. 1-4-2017] § ITR-5 | Return of Income – For persons other than — (i) individual, (ii) HUF, (iii) company and (iv) person filing Form ITR-7 § ITR-6 | Return of Income – For Companies other than companies claiming exemption under section 11 § ITR-7 | Return of Income – For persons including companies required to furnish returns under sections 139(4A) or 139(4B) or 139(4C), or 139(4D) only § ITR-8 | [Omitted by the IT (Twenty-First Amdt.) Rules, 2021, w.e.f. 29-7-2021] § ITR-V | Verification Form | Acknowledgment o [Other Rules & Schemes] § Income-tax (Certificate Proceedings) Rules, 1962 § Income-tax Settlement Commission (Procedure) Rules, 1997 § Tax Return Preparer Scheme, 2006 § Bank Term Deposit Scheme, 2006 § Sukanya Samriddhi Account Scheme, 2019 § Senior Citizens' Savings Scheme, 2019 § Kisan Vikas Patra Scheme, 2019 § Public Provident Fund Scheme, 2019 § National Savings Certificates (VIII Issue) Scheme, 2019 • [Landmark Rulings, Direct Taxes Law Lexicon, Circulars, Clarifications & Notifications, and Schemes, Models & Drafts] are included: o [15+ Schemes] relevant under the Income-tax Act, 1961, are included: § Income Tax Informants Rewards Scheme, 2018 § Hospitalisation and Domiciliary Hospitalisation Benefit Policy § Settlement Commission (Income-tax and Wealth-tax) (Recruitment and Conditions of Service of Chairman, Vice-Chairmen and Members) Rules, 2015 § Income-tax Welfare Fund Rules, 2007 § Guidelines for Providing Training by Shipping Companies for Tonnage Tax Scheme under Chapter XII-G of Income-tax Act § Equity Linked Savings Scheme, 2005 § Income Tax Ombudsman Guidelines, 2010 § Authority for Advance Rulings (Procedure for Appointment as Chairman and Vice-Chairman) Rules, 2016 § Electoral Bond Scheme, 2018 § Prohibition of Benami Property Transactions (Conditions of Services of Members of Adjudicating Authority) Rules, 2019 § Tribunals Reforms Act, 2021 § Conditions of Service of Chairperson and Members of Tribunals, Appellate Tribunals and other Authorities § Tribunal (Conditions of Service) Rules, 2021 § Direct Tax Vivad se Vishwas Act, 2020 § Direct Tax Vivad se Vishwas Rules, 2020 o [Words & Phrases] as defined by various Courts § Section key to Words and Phrases judicially defined under Income-tax Act § Alphabetical key to Words and Phrases judicially defined under Income-tax Act o [Circulars, Clarifications & Notifications | 1961 – February 2023] Gist of all Circulars and Notifications which are in force o [Case Laws | 1922 – February 2023] Digest of all Landmark Rulings by the Supreme Court, High Courts o [25+ Models & Drafts] § Partnership deed § Specimen of dissolution deed of partnership firm § Specimen deed of dissolution of HUF § Gift deed § Will § Lease Deed § Indemnity Bond-I § Indemnity Bond-II § Specimen affidavit § Specimen letter of communication with the previous auditor § Power of attorney § Intimation to AO regarding discontinuance of business § Letter to AO regarding giving of appeal effect § Application to AO requesting a stay of demand § Letter to AO regarding setting off of tax payable against the refund due § Reply to notice under section 221(1) § Specimen affidavit under rule 10 of the Income-tax (Appellate Tribunal) Rules § Specimen application to Appellate Tribunal for admission of delayed appeal § Specimen application for rectification of mistake § Specimen application for revision under section 264 § Specimen application for the exercise of option under clause (2) of the Explanation to section 11(1) § Draft Letter of Appointment § Specimen letter for seeking adjournment for video conferencing in faceless assessment § Specimen letter to submit information in the course of faceless assessment proceeding § Specimen application for condonation of delay in filing of Appeal before CIT (Appeals) § Specimen Application for Admission of Additional evidence in an Appeal § Specimen deed to create a Family Trust (Discretionary Trust)
Author: Bhargava U K
Publisher:
ISBN: 9788171941926
Category :
Languages : en
Pages : 535
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Book Description
Author: Taxmann
Publisher: Taxmann Publications Private Limited
ISBN: 9356226881
Category : Law
Languages : en
Pages : 30
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Book Description
This is a unique book that covers the following: • [Section-wise Commentary] on the Finance Act 2023 • [Ready-referencer for All-important Procedural Aspects] of the Income-tax Act • [Gist of All Circulars and Notifications] Section-wise, which are still in force • [Digest of Landmark Rulings] are given Section-wise The Present Publication is the 33rd Edition and has been amended by the Finance Act 2023. This book is authored by Taxmann's Editorial team, with the following coverage: • [Division One] o Section-wise commentary on the Finance Act, 2023 ▪ Tax on Winning from Online Games ▪ Taxation of Life Insurance Policies ▪ Taxation of Charitable and Religious Trusts ▪ Agniveer Scheme ▪ Business Income ▪ Capital Gains ▪ Other Income ▪ Deductions and Exemptions ▪ New Tax Schemes ▪ TDS/TCS ▪ Assessment and Refunds ▪ Penalties and Prosecution ▪ Appeals and Dispute Resolution ▪ Transfer Pricing • [Division Two] o Income Tax Practice Manual ▪ 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 Three] o The Gist of all Circulars, Clarifications & Notifications ▪ From 1961 – February 2023, with Section & Alphabetical key for easy navigation • [Division Four] o Digest of all Landmark Rulings ▪ From 1922 – February 2023, with Section & Alphabetical keys for easy navigation
Author: Taxmann
Publisher: Taxmann Publications Private Limited
ISBN: 9356226849
Category : Law
Languages : en
Pages : 18
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Book Description
This book covers the amended, updated & annotated text of the Income-tax Act 1961 & the Finance Act 2023. The recent changes in the Income-tax Act, 1961 are as follows: • [Insertion] of 5+ new sections o [Important New Sections] include: ▪ Section 50AA – Special provision for computation of capital gains in case of Market Linked Debenture and specified mutual funds ▪ Section 80CCH – Deduction in respect of contribution to the Agnipath Scheme ▪ Section 115BAE – Tax on income of certain new manufacturing co-operative societies ▪ Section 115BBJ – Tax on winnings from online games ▪ Section 194BA – TDS on winnings from online games • [Amendments] in 115+ sections o [Important Amendments] include: ▪ Taxation of life insurance policies ▪ The new avatar of the alternative tax regime of Section 115BAC ▪ Rebate under Section 87A allowed to the individuals opting for the alternative tax regime ▪ Increase in the rate of TCS on remittance under LRS ▪ Changes in the provisions relating to the taxation of charitable trusts and institutions ▪ Deduction for the sum payable to micro and small enterprises to be allowed on a payment basis ▪ The threshold for presumptive tax scheme under Section 44AD and Section 44ADA has been increased ▪ Interest claimed as a deduction will not form part of the cost of the acquisition ▪ Taxation of a sum received by a unit holder from the business trust ▪ Change in the limitation period for completion of assessment ▪ A new authority for appeals is created at Joint Commissioner (Appeals) ▪ Increase in the tax on royalty and FTS income of non-residents and foreign company The Present Publication is the 68th Edition and has been amended by the Finance Act 2023. This book is edited by Taxmann's Editorial Board, with the following noteworthy features: • [Coverage] of this book includes: o Division One – Income-tax Act, 1961 ▪ Arrangement of Sections ▪ Text of the Income-tax Act, 1961, as amended by the Finance Act, 2023 ▪ Appendix § List of provisions of Allied Acts/Circulars/Regulations referred to in Income-tax Act § Text of provisions of Allied Acts/Circulars/Regulations referred to in Income-tax Act ▪ Validation Provisions ▪ Subject Index o Division Two – Finance Act, 2023 ▪ Text of the Finance Act, 2023 • [Annotations] under each section shows: o Relevant Rules & Forms o Relevant Circulars & Notifications o Date of enforcement of provisions o Allied Laws referred to in the section • [Legislative History of Amendments] since 1961 • Comprehensive Table of Contents • [Quick Navigation] Relevant section numbers are printed in folios for quick navigation • [Bestseller Series] Taxmann's series of bestseller books for more than five decades • [Zero Error] Follows the six-sigma approach to achieve the benchmark of 'Zero Error'
Author:
Publisher:
ISBN: 9788171942091
Category :
Languages : en
Pages : 603
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Book Description
![Taxmann's Direct Taxes Law & Practice | Professional Edition | AYs 2023-24 & 2024-25 – The most trusted commentary on Income-tax for experienced practitioners for 20+ years [Finance Act 2023 Edition] PDF](https://books.google.com/books/content/images/frontcover/K7m6EAAAQBAJ?fife=w80-h100)
Author: Dr. Vinod K Singhania
Publisher: Taxmann Publications Private Limited
ISBN: 9357780181
Category : Law
Languages : en
Pages : 36
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Book Description
Taxmann's flagship commentary on Direct Taxes has been the most trusted & bestselling commentary for experienced practitioners for over twenty years. It aims at not only making the reader understand the law but also helping them develop the ability to apply it. In other words, this book aims at providing the reader with the following: • Acquire 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 2023-24 & 2024-25, authored by Dr Vinod K. Singhania & Dr Kapil Singhania, incorporating all the amendments made by the Finance Act 2023. The salient features of this book are as follows: • [Thoroughly Revised] to make the text 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] o In-depth analysis of all provisions of the Income-tax Act with relevant Rules, Judicial Pronouncements, Circulars and Notifications o Frequently asked questions for complex provisions o Gist of relevant Circulars and Notifications issued from January 2023 to February 2023 o Digest of all Landmark Rulings by the Apex Court, High Courts, and Tribunals from 2015 to February 2023 • [Bestseller Series] Taxmann's Bestseller Book for more than twenty years • [Zero Error] Follows the Six Sigma Approach to achieve the Benchmark of 'Zero Error' • The detailed contents of the book are as follows: o Basic Concepts o Residential Status and Tax Incidence o Incomes Exempt from Tax o Salaries o Income from House Property o Profits and Gains of Business or Profession o Capital Gains o Income from Other Sources o Income of Other Persons included in Assessee's Total Income o Set off and Carry Forward of Losses o Deductions from Gross Total Income and Tax Liability o Agriculture Income o Typical Problems on the Assessment of Individuals o Tax Treatment of Hindu Undivided Families o Special Provisions Governing Assessment of Firms and Associations of Persons o Taxation of Companies o Assessment of Co-operative Societies o Assessment of Charitable and Other Trusts o Return of Income and Assessment o Penalties and Prosecution o Advance Payment of Tax o Interest o Tax Deduction or Collection at Source o Refund of Excess Payment o Appeals and Revisions o Income-tax Authorities o Settlement Commission and Dispute Resolution Committee o Special Measures in Respect of Transactions with Persons Located in Notified Jurisdictional Area o General Anti-Avoidance Rule o Advance Ruling o Search, Seizure and Assessment o Transfer Pricing o Business Restructuring o Alternative Tax Regime o Tax Planning o Miscellaneous
