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Author: George Koshi
Publisher: Taxmann Publications Pvt Ltd
ISBN: 9788174963673
Category : Capital gains tax
Languages : en
Pages : 542
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Book Description
Comprehensive guide.
Author: George Koshi
Publisher: Taxmann Publications Pvt Ltd
ISBN: 9788174963673
Category : Capital gains tax
Languages : en
Pages : 542
Get Book Here
Book Description
Comprehensive guide.
Author: Taxmann
Publisher: Taxmann Publications Private Limited
ISBN: 9364552229
Category : Law
Languages : en
Pages : 17
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Book Description
Income Tax Act – Special Edition has been widely recognised as the most authoritative content for tax professionals, legal practitioners, academicians, and anyone engaged in applying and interpreting the Income-tax Act, 1961. In its 69th Edition, the Present Publication upholds its tradition of unmatched accuracy and reliability. It is updated to incorporate the latest amendments introduced by the Finance Act, 2024 and the Finance (No. 2) Act, 2024. The key enhancements in the 'Special Edition' include: • Multi-Colour Text for Enhanced Navigation o Designed to optimise the reading experience, the colour-coded text aids in quicker identification of sections, amendments, and relevant provisions, ensuring seamless access to information A glimpse of the recent changes include: • New Sections Introduced o Section 44BBC – A new presumptive taxation scheme for non-residents operating cruise ships, simplifying tax compliance for this sector o Section 194T – Partnership firms are now required to deduct tax at source on sums paid or payable to their partners, ensuring transparency o Section 271GC – Imposes penalties on non-resident assessee with Liaison Offices (LO) in India for non-compliance in furnishing the annual statement in Form No. 49C • Key Amendments to Existing Provisions o Section 2(42A) – Amended to prescribe only two holding periods for determining the nature of capital assets o Section 48 – Revised to eliminate the availability of indexation benefits for long-term capital assets o Sections 111A, 112, and 112A – Updated to adjust the tax rates applicable to capital gains o Section 50AA – Expanded to include unlisted bonds and debentures within its scope o Section 47(iii) – Substituted to classify the transfer of a capital asset by any person other than an Individual or HUF under a gift, will, or irrevocable trust as a taxable transfer o Section 2(22)(f) – Now treats sums received by shareholders during a share buyback as deemed dividends o Section 10(23C) and Section 12AB – The approval-based exemption under Section 10(23C) has been merged with the registration-based exemption under Section 12AB o Standard Deduction – Increased from Rs. 50,000 to Rs. 75,000 under the new tax regime o Chapter XIV-B (Sections 158B to 158BH) – Substituted to establish a new framework for block assessments in cases of search and requisition conducted on or after September 1, 2024 This book is authored and edited by Taxmann's Editorial Board, continuing its legacy as a cornerstone in Direct Tax, with the following noteworthy features: • Comprehensive Coverage o Division One – Income-tax Act, 1961 § The text is thoroughly updated and annotated, reflecting all amendments made by the Finance Act, 2024 and Finance (No. 2) Act, 2024 § Appendix – Includes a detailed list and text of provisions from Allied Acts, Circulars, and Regulations that are referred to within the Income-tax Act, providing a cross-referential understanding of the legal framework § Validation Provisions – Key provisions that validate the applicability of certain sections § Subject Index – A well-structured index that allows for quick and easy location of relevant sections and topics. o Division Two – Finance Act 2024 and Finance (No. 2) Act 2024 § Text of the Finance Act, 2024 and Finance (No. 2) Act, 2024 o Division Three – Securities Transaction Tax § Text of the Securities Transaction Tax o Division Four – Commodities Transaction Tax § Text of the Commodities Transaction Tax o Division Five – Equalisation Levy § Text of the Equalisation Levy along with the relevant Notification under Section 164 of the Finance Act, 2016 • Detailed Annotations and Practical Tools o Each section is accompanied by extensive annotations that provide: § Relevant Rules & Forms applicable to that section § Key Circulars & Notifications issued by the government, which are essential for interpretation and application § Dates of Enforcement for specific provisions, enabling readers to understand the chronological application of the law § Cross-references to Allied Laws, which are crucial for a holistic understanding of the legal context in which the Income-tax Act operates • Historical Context and Legislative Evolution o Legislative History § The book includes a detailed history of amendments to the Income-tax Act since 1961, providing insights into the evolution of the Income-tax Act. This feature is particularly useful for legal professionals and researchers who seek to understand the legislative intent and historical developments behind current provisions • User-Friendly Design and Accessibility o Quick Navigation Features § The book is designed with user convenience in mind. Section numbers are prominently printed in folios, enabling readers to navigate the text swiftly. The comprehensive Table of Contents further enhances the ease of access o Bestseller Legacy § As part of Taxmann's renowned series of bestseller publications, this book continues a legacy of over five decades, trusted by generations of tax professionals and students for its accuracy and reliability o Six Sigma Quality Assurance § Adhering to the Six Sigma methodology, the book is reviewed to achieve the highest benchmark of 'Zero Error,' making it one of the most reliable references in the field of Direct Taxes
Author: CA Ravi Chhawchharia
Publisher: Taxmann Publications Private Limited
ISBN: 9364550781
Category : Education
Languages : en
Pages : 55
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Book Description
This book offers a comprehensive and practical application of Direct Tax Laws and International Tax, honing the reader's analytical skills. It perfectly balances an in-depth study and a summarized approach, presented in an explanatory and analytical manner. It is helpful for students preparing for CA-Final, CS-Professional, CMA-Final, M.Com/MBA/LL.B./LL.M, and other professional exams. The Present Publication is the 8th Edition for the CA Final | New Syllabus | May/Nov. 2025 Exam | A.Y. 2025-26). This book is authored by CA Ravi Chhawchharia, with the following noteworthy features: • [Complete Coverage] of the latest syllabus as prescribed by the ICAI • [Detailed Index] A well-organized index at the beginning helps students navigate through sections and other details • [Provisions] Comprehensive yet concise explanations of provisions, maintaining technical accuracy • [Judicial Decisions] Landmark/Prescribed by ICAI: Highlighted in bold and underlined, with case names provided before the facts and decisions • [Other Judicial Decisions] Only the ratio of the case is included, without requiring students to remember case names • [Practical Questions with Updated Solutions | Section-Based Questions] Included below the relevant provisions • [Multi-Section Questions] Placed at the end of each chapter in the 'Practical Questions' segment • [Amended & Updated] Incorporates the latest applicable provisions and amendments for A.Y. 2024-25, relevant for the November 2024 exams • [Judicial Decisions, Circulars & Notifications] Thoroughly covered • [Past Exam Solved Questions] Includes solved questions from past exams, including the CA-Final May 2024 paper The contents of this book are as follows: • Part I – Direct Tax Laws o Basic Concepts of Income Tax Laws and Tax Rates o Residential Status [Section 6] o Incomes which do not form part of Total Income [Section 10(1) to Section 10(50)] o Profits and Gains of Business or Profession [Section 28 to Section 44DB] o Capital Gains [Section 45 to Section 55A] o Income from Other Sources [Section 56 to Section 59] o Income Computation and Disclosure Standards o Tax on Conversion of Unaccounted Money [Section 56(2)(x), (viib); Section 94; Section 68 to 69D & Section 115BBE] o Income of other Persons, included in Assessee's Total Income (Clubbing of Income) [Section 60 to Section 65] o Set-off of Losses or Carry Forward and Set-off of Losses [Section 70 to Section 80] o Deduction from Gross Total Income [Chapter VI-A – Section 80C to Section 80U] o Deduction for Co-operative Societies [Sec.80P] o Deduction for Special Economic Zones [Section 10AA] o Taxation of Bonds [Circular No., 2/2002, dt. 15.02.2002] o Agriculture Income & its Tax Treatment [Section 2(1A) and Section 10(1)] o Taxation of Political Parties & Electoral Trust [Section13A and Section 13B] o Expenditure on Exempt Income [Section 14A and Rule 8D] o Taxation of Charitable/Religious Trusts [Section 11 to Section 13, Section 115BBC, Section 164, 164A, Section 10(23C)] o Taxation of Mutual Concerns [Section 44A and Section 28(iii)] o Application vs. Diversion of Income o Minimum Alternate Tax (MAT) [Chapter XII-B (Section 115JB and Section 115JAA)] o Taxation of Firms, LLP and AOP/BOI [Section 40(b), Section 10(2A), Section 167B, Section 86] o Alternate Minimum Tax (AMT) [Chapter XII-BA (Section 115JC – 115JEE) o Taxation of Buy-Back [Chapter XII-DA (Section 115QA to Section 115QC)] o Tax on Income of Securitisation Trust [Chapter XII-EA – Section 115TCA] o Taxation of Business Trusts (REITs, InvITs) and Alternative Investment Funds (AIF) [Chapter XII-FA – Section 115UA and Chapter XII-FB – Section 115UB] o Tonnage Taxation Scheme [Chapter XII-G – Section 115VA to Section 115VZC] o Assessment Procedures [Section 116, Section 124, Section 127, Section 129, Sections 139 to 154, Section 157A] o Appeals and Revisions [Sections 246A to 255, Sections 206A to 262 & Section 260B, Section 268A, Section 158A & Section 158AA, Sections 263 to 264B] o Survey, Search and Seizure [Section 119A, Sections 131 to 132B, Sections 133 to 135A, Sections 153A to 153D] o Provisions to Counteract Unethical Tax Practice [Chapter XXI – Secs. 270A to 275, Chapter XXII – Secs. 275A to 280D, Black Money Laws] o Dispute Resolution [Chapter XIX-AA – Secs. 245MA] o Direct Tax Vivad Se Vishwas Scheme, 2024 o Liability in Special Cases [Chapter XV – Section 159 to Section 179] o Assessment of HUF [Section 171] o Assessment of Firms and LLPs [Chapter XVI – Section 184 to Section 189] o Tax Deduction and Collection at Source [Chapters XVII-B and XVII-BB – Sections 192 to 206CCA] o Taxation of Digital Transactions [Equalisation Levy and Virtual Digital Assets] o Advance Tax [Chapter XVII-C – Section 207 to Section 211, Sections 218-219] o Collection and Recovery of Tax [Section 156 and Chapter XVII-D – Section 220 to Section 231] o Interest [Sections 201(A), 206C(7), Chapter XVII-F – Sections 234A to 234D, Section 244A] o Miscellaneous Topics, STT/CTT and IFSC [Sections 269SS, 269ST, 269SU, 269T, Section 139A, Section 139AA, Sections 281, 281B, 282, 282A, 285BA, 285BB, 288, 293C, 293D, 115BBF, 115BBG] o Tax Audit and Ethical Compliances o Tax Planning, Tax Avoidance and Tax Evasion (Including GAAR) • Part II – International Taxation o Tax Incidence in India [Section 6(3), Sections 7 to 9A, Section 115JH, Section 285 and Section 285A] o Taxation of Non-Residents [Section 115A to Section 115AD, Section 115BBA and Chapter XIIA – Sections 115C to 115-I] o Double Taxation Relief (DTAA) [Chapter IX – Sections 90, 90A and 91] o Transfer Pricing [Chapter X – Section 92, Section 92F, Sections 93, 94A, 94B, 114C and Section 286] o Advance Rulings [Chapter XIX-B – Section 245N to Section 245U] o Overview of Model Tax Conventions o Application and Interpretation of Tax Treaties o Fundamentals of Base Erosion and Profit Shifting (BEPS) o Latest Developments in International Taxation
Author:
Publisher:
ISBN:
Category : Taxation
Languages : en
Pages : 1364
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Book Description
Author: D.C. Agrawal
Publisher: Taxmann Publications Private Limited
ISBN: 9356227349
Category : Law
Languages : en
Pages : 48
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Book Description
This book is a comprehensive treatise to understand the complexities of capital gains taxation under the Income-tax Act, 1961. Presented in an easy-to-follow question-and-answer format, the book addresses common queries encountered by taxpayers, professionals, and investors regarding the taxation of capital gains from various assets, such as immovable properties, equities, and mutual funds. The content spans 55 chapters, covering over 680 topics and approximately 1,200 issues, each supported by relevant case laws and practical examples. The book discusses the statutory provisions, exemptions, and intricacies of capital gains and incorporates the latest amendments from the Finance (No. 2) Act, 2024, making it a current and relevant resource. This book will be helpful for departmental officers, taxpayers, litigants, and tax professionals to understand all the important and recurring issues that arise in capital gains. The Present Publication is the 2nd Edition and has been amended by the Finance (No. 2) Act, 2024. This book is authored by D.C. Agrawal and Sanjiv Dutt, with the following noteworthy features: • [Comprehensive Coverage] Spanning 55 chapters, the book covers over 680 topics and addresses approximately 1,200 questions related to capital gains taxation. It discusses the specific areas, including exemptions under Sections 54 to 54F, intricacies of Sections 45 to 55A, and provisions relevant to business trusts and international financial services • [Practical Solutions and Case Laws] Each solution is backed by pertinent case laws, decided the Hon'ble Supreme Court, High Courts, and Income Tax Appellate Tribunal (ITAT). The book covers over 3,400 significant cases, ensuring that readers have access to a well-rounded understanding of how various statutory provisions have been interpreted and applied • [Updated and Relevant Content] The Second Edition incorporates amendments made by the Finance (No. 2) Act, 2024, including changes in the capital gains tax rates, period of holding, withdrawal of indexation benefits, taxation of unlisted bonds or debentures, taxation of gifts by any person other than an individual or HUF • [Simplification of Complex Topics] The book simplifies complex statutory provisions using a unique Q&A format, presenting them in a logical and systematic manner • [Detailed Chapter Summaries and Tax Planning Checkpoints] Each chapter includes a summary and key tax planning points, enabling readers to quickly grasp and apply essential takeaways and apply them to their tax planning strategies • [Special Focus Areas and Practical Applications] Dedicated chapters address unique scenarios such as capital gains taxation in IFSCs, under international taxation, and provisions for non-residents and offshore entities. The inclusion of real-life scenarios and practical examples illustrates the application of tax laws, making it easier for readers to relate the content to their specific situations • [Case Law Digest] The book not only serves as a comprehensive guide but also functions as a digest, incorporating approximately 3,400 case laws, decided by the Hon'ble Supreme Court, High Courts, and Tribunals • [Ease of Navigation] The book's structure includes sub-topic headings and clear navigation paths, allowing readers to locate relevant information effortlessly. Each chapter's logical flow, combined with minimal jargon and legalese, ensures that the content remains accessible and reader-friendly • [Distinctive Approach and User-Friendly Structure] The book's unconventional Q&A format stands out among traditional tax textbooks, providing an interactive learning experience that caters to various learning preferences. This distinctive approach helps in breaking down complex topics into easily digestible parts The contents of the book are as follows: • Chapter 1 – Introduction to Capital Gains o Overview of key concepts, transactions not considered as transfers, computation methods, and exemptions under the Income-tax Act, 1961 • Chapter 2 – Exemptions Related to Capital Gains o Detailed exploration of exemptions available under Section 10, including those for funds, institutions, specific tribes, and other entities • Chapter 3 – Understanding Capital Assets o Definitions and classifications of capital assets under Section 2(14), including real estate, intangible assets, and personal effects. • Chapter 4 – Agricultural Land and Capital Gains o Specific rules governing capital gains taxation on agricultural land, including compulsory acquisition and subsequent use • Chapter 5 – Short-Term vs Long-Term Capital Gains o Differentiation between short-term and long-term capital gains, including holding periods and special cases for various asset types • Chapter 6 – Transfers and Non-Transfers o Explanation of what constitutes a transfer under Section 2(47) and scenarios where transactions are not considered transfers • Chapter 7 – Business Income vs Capital Gains o Comparative analysis of income classified as business income versus capital gains, particularly in the context of asset sales • Chapter 8 – Core Provisions of Capital Gains Taxation o Comprehensive coverage of Section 45, including conditions for chargeability, exemptions, and special scenarios • Chapters 9 to 11 – Capital Gains in Partnerships and Firm Reconstitution o Sections dealing with capital gains arising from the entry of new partners, reconstitution of firms, and asset distributions • Chapters 12 and 13 – Compulsory Acquisitions and Joint Development Agreements o Specific provisions for capital gains arising from compulsory acquisitions (Section 45(5)) and joint development agreements (Section 45(5A)) • Chapters 14 and 15 – Liquidation and Buy-Back of Shares o Tax implications of asset distributions during company liquidation (Section 46) and buy-back of shares (Section 46A) • Chapters 16 and 17 – Non-Applicable Transfers and Withdrawal of Exemptions o Transactions where capital gains provisions do not apply (Section 47) and conditions that trigger the withdrawal of exemptions (Section 47A) • Chapters 18 and 19 – Computation Methods and Indexation o Detailed methodologies for computing capital gains (Section 48) and applying indexation benefits for inflation adjustment • Chapters 20 and 21 – Cost of Acquisition Rules o Specific rules for determining the acquisition cost in various scenarios, including family settlements and special asset transfers. • Chapters 22 to 27 – Special Provisions for Valuation and Consideration o Sections dedicated to special cases such as market-linked debentures, slump sales, and valuation of unquoted shares or immovable properties • Chapter 28 – Advance Money and Capital Asset Transfers o Treatment of advance money received during transfers and its impact on capital gains (Section 51) • Chapters 29 to 44 – Exemptions for Investments in Specific Assets o Comprehensive guide to exemptions available under Sections 54 to 54H, including investments in residential properties, agricultural land, and specified funds • Chapter 45 – Cost of Acquisition in Special Circumstances o In-depth analysis of determining acquisition costs for various asset types as detailed in Section 55 • Chapter 46 – Valuation References and Procedures o Guidelines for referring to valuation officers under Section 55A and the procedural aspects involved • Chapter 47 – Set Off and Carry Forward of Losses o Rules and strategies for setting off capital losses against gains and carrying forward losses to future years • Chapter 48 – Taxation Rates for Capital Gains o Applicable tax rates under Sections 111A, 112, and 112A explain applicable tax rates for short-term and long-term capital gains on various asset classes • Chapter 49 – Capital Gains for Non-Residents and Offshore Entities o Specific provisions addressing capital gains tax for non-residents, offshore funds, and FIIs under Sections 115AB, 115AC, 115ACA, and 115AD • Chapter 50 – Alternative Tax Regimes for NRIs o Special tax considerations and benefits for Non-Resident Indians as outlined in Sections 115C to 115-I • Chapters 51 to 54 – Special Cases in Capital Gains Taxation o Covers taxation on business trusts, transactions in IFSCs, international taxation, and other niche areas related to capital gains • Chapter 55 – Frequently Asked Questions (FAQs) o A comprehensive FAQ section addressing common queries, practical issues, and planning tips related to capital gains taxation
Author: Dr. H.C. Mehrotra, Dr. S.P. Goyal
Publisher: Sahitya Bhawan Publications
ISBN: 9389111196
Category : Business & Economics
Languages : en
Pages : 383
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Book Description
About the Income Tax Law & Accounts A.Y 2019-20 Book Largest Selling Book since 1964 and over the last 55 years of its existence, Income Tax Law and Practice Assessment has established a reputation for itself as the most definitive work on the subject of income tax. A simplified, systematic approach to the understanding of a complex subject written in a unique, simple and easy to understand language. Each topic, after a theoretical exposition, is followed by illustrations to facilitate the students to master the practical application of Income Tax Law. User-friendly examination-oriented style facilitating easy comprehension of each topic. Solved Illustrations and Questions for exercise are largest in number in comparison to other books on income tax. Unsurpassed for over 55 years. The book is trusted and relied upon for accuracy and reliability. Mistakeless printing on paper of superior quality at a moderate price. Questions from the latest Examination Papers of various universities have been included in the revised edition of Income Tax Law And Practice Assessment At the end of each chapter, Short Answer, Objective Type, and Short Numerical Questions have been added with answers. A unique feature of the revised edition is that Section-wise Index has been incorporated.
Author: Philip Daniel
Publisher: Taylor & Francis
ISBN: 1317330145
Category : Business & Economics
Languages : en
Pages : 381
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Book Description
The taxation of extractive industries exploiting oil, gas, or minerals is usually treated as a sovereign, national policy and administration issue. This book offers a uniquely comprehensive overview of the theory and practice involved in designing policies on the international aspects of fiscal regimes for these industries, with a particular focus on developing and emerging economies. International Taxation and the Extractive Industries addresses key topics that are not frequently covered in the literature, such as the geo-political implications of cross-border pipelines and the legal implications of mining contracts and regional financial obligations. The contributors, all of whom are leading researchers with experience of working with governments and companies on these issues, present an authoritative collection of chapters. The volume reviews international tax rules, covering both developments in the G20-OECD project on ’Base Erosion and Profit Shifting’ and more radical proposals, identifying core challenges in the extractives sector. This book should become a core resource for both scholars and practitioners. It will also appeal to those interested in international tax issues more widely and those who study environmental economics, macroeconomics and development economics.
Author: Hari Om Jindal
Publisher:
ISBN: 9389859611
Category : Corporations, Foreign
Languages : en
Pages : 3218
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Book Description
Author: A. C. Sampath Iyengar
Publisher:
ISBN:
Category :
Languages : en
Pages : 1367
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Book Description
Revised and updated edition of comprehensive treatise of the Indian Income Tax Act, 1961, including amendments made by the Finance Act, 1990. Reference to case law and circulars are included.
Author: Thomas Piketty
Publisher: Harvard University Press
ISBN: 0674979850
Category : Business & Economics
Languages : en
Pages : 817
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Book Description
What are the grand dynamics that drive the accumulation and distribution of capital? Questions about the long-term evolution of inequality, the concentration of wealth, and the prospects for economic growth lie at the heart of political economy. But satisfactory answers have been hard to find for lack of adequate data and clear guiding theories. In this work the author analyzes a unique collection of data from twenty countries, ranging as far back as the eighteenth century, to uncover key economic and social patterns. His findings transform debate and set the agenda for the next generation of thought about wealth and inequality. He shows that modern economic growth and the diffusion of knowledge have allowed us to avoid inequalities on the apocalyptic scale predicted by Karl Marx. But we have not modified the deep structures of capital and inequality as much as we thought in the optimistic decades following World War II. The main driver of inequality--the tendency of returns on capital to exceed the rate of economic growth--today threatens to generate extreme inequalities that stir discontent and undermine democratic values if political action is not taken. But economic trends are not acts of God. Political action has curbed dangerous inequalities in the past, the author says, and may do so again. This original work reorients our understanding of economic history and confronts us with sobering lessons for today.
