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Author: Uma Kant Bhargava
Publisher:
ISBN: 9789387702516
Category : Income tax
Languages : en
Pages :
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Book Description
Author: Uma Kant Bhargava
Publisher:
ISBN: 9789387702516
Category : Income tax
Languages : en
Pages :
Get Book Here
Book Description
Author: Taxmann's
Publisher:
ISBN: 9788171943210
Category :
Languages : en
Pages : 500
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Book Description
Author: Taxmann
Publisher: Taxmann Publications Private Limited
ISBN: 9357789189
Category : Law
Languages : en
Pages : 20
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Book Description
This book provides the amended, updated, and annotated text of the Income-tax Rules, 1962, along with 25+ allied rules, schemes, and return forms for the Assessment Year 2024-25. The recent changes in the Income-tax Rules, 1962 are as follows: • [Insertion/Changes in Rules] are as follows: o Insertion of 9+ New Rules o Changes in 30+ Existing Rules • [Insertion/Changes in Forms] are as follows: o Insertion of 6+ New Forms o Changes in 35+ Existing Forms • [New Rules & Forms] are as follows: o New Rule for Net Winnings from Online Games – Specifies how to compute 'Net Winnings' under Sections 115BBJ & 194BA o Form No. 56F – To be submitted by assessees claiming deductions under Section 10AA o Form 15CD – Introduced for IFSC to provide a quarterly statement of all remittances to non-residents or foreign companies o Form 71 – Allows TDS credit for income disclosed in previously filed ITRs o Rules 13 & 13A – Implement Finance Act 2023 amendments related to search and seizure o Rule 11UACA – Computes taxable income from sums received under life insurance policies o Form 3AF – For assessees claiming deductions under Section 35D o Rule 21AGA and Form 10-IEA – For opting into the Old Tax Regime The Present Publication is the 61st Edition | 2024, and all available amendments notified up to Income Tax (Sixth Amendment) Rules, 2024, have been incorporated. This book is edited/authored by Taxmann's Editorial Board, with the following noteworthy features: • [Comprehensive Guide to Amendments] Detailed coverage of amendments made in the Income-tax Rules in 2023-2024 • [Coverage] of this book includes: o All Rules, Schemes, etc., which are either notified under the Income-tax Act, 1961 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 2024-25 o Landmark Judgements & CBDT Circulars • [Action Points for Forms] Explanation of relevant provisions and the filing process for each form • [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 • e-Appeals Scheme along with Order under sub-section (6) of section246 of the Income-tax Act, 1961 for specifying the scope of e-Appeals Scheme under the Act • 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 • Equalisation Levy Rules, 2016 • Prohibition of Benami Property Transaction Rules, 2016 • Centralised 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, Time-limit for verification of return of income after uploading and Reduction of time-limit for verification of Income-tax Return (ITR) form within 120 days to 30 days of transmitting the data of ITR electronically • e-Settlement Scheme, 2021 • e-Verification Scheme, 2021 with FAQs on e-Verification Scheme, 2021 and Promoting voluntary compliance through e-Verification Scheme, 2021 • e-Advance Rulings Scheme, 2022 • Faceless Jurisdiction of Income-tax Authorities Scheme, 2022 • e-Assessment of Income Escaping Assessment Scheme • Faceless Inquiry or Valuation Scheme, 2022 • e-Dispute 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 a 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] o ITR-5 | Return of Income - For persons other than — (i) individual, (ii) HUF, (iii) company and (iv) person filing Form ITR-7 o ITR-6 | Return of Income – For Companies other than companies claiming exemption under section 11 o 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 o ITR-8 | [Omitted by the IT (Twenty-First Amdt.) Rules, 2021, w.e.f. 29-7-2021] o ITR-V | Verification Form & Acknowledgment o ITR-A | Return Form – For successor entities to furnish a return of income under section 170A consequent to business reorganisation o ITR-U | Return Form – For persons to update income within twenty-four months from the end of the relevant assessment year • Other Rules and Schemes o Income-tax (Certificate Proceedings) Rules, 1962 o Bank Term Deposit Scheme, 2006 o Senior Citizens' Savings Scheme, 2019 o National Savings Certificates (VIII Issue) Scheme, 2019 o Income-tax (Appellate Tribunal) Rules, 1963
Author: Taxmann
Publisher: Taxmann Publications Private Limited
ISBN: 9364555902
Category : Law
Languages : en
Pages : 29
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Book Description
Master Guide to Income Tax Rules is a comprehensive publication that stands out for its in-depth structured coverage and accuracy. This unique publication provides detailed Rule-wise commentary on the Income-tax Rules of 1962, setting a high standard for clarity and thoroughness that Taxmann is known for. Each operative rule is carefully examined to provide a complete understanding of its statutory background and legislative intent, along with relevant case laws that shed light on how the rules are applied. Explanatory discussions and practical examples make even the most complicated rules easier to understand. This book is tailored for tax professionals, accountants, legal practitioners, and students, providing the expertise needed to understand the complexities of the Income-tax Rules. It helps prepare audits, advise on compliance, plan tax strategies, etc. The Present Publication is the 31st Edition and incorporates all amendments till the Income-tax (Sixth Amendment) Rules, 2024. This book is authored by Taxmann's Editorial Board with the following noteworthy features: • [Para-wise Detailed Analysis] This book thoroughly examines every operative rule of the Income-tax Rules, 1962, with the underlying provisions of the Income-tax Act and the required compliances. • [Statutory Background] Each rule is placed in context with its statutory provision, helping readers understand the intent and practical application of the law • [Case Laws] Relevant judicial precedents of the Supreme Court, High Courts and Tribunals are included to aid in the interpretation and real-world application of the rules • [Simplified Language] The rules are explained in clear, lucid and straightforward language, making the provisions accessible and easy to understand • [Illustrations] Practical examples are provided to help clarify the more complex aspects of the rules, making them easier to understand • [Gist of Circulars and Notifications] Summaries of all relevant and current circulars and notifications are linked to each rule, giving a complete picture of the law The structure of this book is as follows: • Detailed Rule-wise Analysis o Each rule of the Income-tax Rules, 1962, is dissected to clarify its applications and implications. This section is structured to provide: § Rule Number and Title – Listed for quick reference § Statutory Background – Discussion on the legislative history and intent behind each rule, explaining why and how it was enacted § Detailed Commentary – Delivered in a para-wise format, this book provides a thorough analysis of the rule's provisions and their operational implications § Case Law Integration – Features pivotal judicial precedents from the Supreme Court, High Courts, and Tribunals, demonstrating the interpretation and application of rules in judicial contexts § Illustrations and Examples – Practical scenarios and examples elucidate complex regulations, illustrating their application in real-world situations § Compliance Guidelines – Specified the compliance requirements for each rule, guiding practitioners in accurate and timely adherence to regulations § Gist of Circulars and Notifications – Summarises pertinent and up-to-date circulars and notifications related to each rule, ensuring practitioners have access to the latest regulatory changes § Cross-referencing – Enhances usability with strategic cross-referencing to para numbers or annexures, simplifying navigation • Supplementary Materials o Annexures and Important Circulars/Notifications – Contains the full texts of the important circulars, notifications, office memorandum, and relevant statutory provisions of allied acts/rules, linked appropriately to corresponding rules o Comprehensive List of Circulars/Notifications – This exhaustive list includes all referenced circulars, notifications, and other documents, organised chronologically and indexed by para number or annexure for streamlined access
Author:
Publisher:
ISBN: 9788171944071
Category : Income tax
Languages : en
Pages : 1403
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Book Description
Author: U. K Bhargava (ed)
Publisher:
ISBN: 9788171944613
Category :
Languages : en
Pages : 968
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Book Description
Author: Uma Kant Bhargava
Publisher:
ISBN: 9788171940332
Category : Income tax
Languages : en
Pages :
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Book Description
Author: Bhargava U K
Publisher:
ISBN: 9788171941926
Category :
Languages : en
Pages : 535
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Book Description
Author: Uma Kant Bhargava
Publisher:
ISBN: 9789350710203
Category : Income tax
Languages : en
Pages : 1600
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Book Description
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
