About Product
Taxmann’s Master Guide to Income Tax Act, is a unique book that provides the following: Section-wise commentary on the Finance Act 2021 Ready-referencer for all-important procedural aspects of the Income-tax Act. Analysis of all statutory and judicial changes in the Income-tax Act The Present Publication is the 31st Edition, amended by the Finance Act 2021 & the Taxation and other Laws (Relaxation and Amendment of Certain Provisions) Act, 2020. This book is authored by Pradeep S. Shah & Rajesh S. Kadakia, with the following noteworthy features: [Division 1 | Commentary]: Section-wise commentary on changes made by the Finance Act, 2021 o Definitions o Taxation of Unit Linked Insurance Policy (ULIPs) o Tax Incentive for Units Located in International Financial Services Centre (IFSC) o Exemptions o Taxation of Charitable Trusts o Business Income o Capital Gains o Carry Forward of Losses o Deductions o Return and Assessment of Income o TDS o Discontinuation of Income-tax Settlement Commission o Constitution of Dispute Resolution Committee (Section 245MA) o Board for Advance Rulings (Chapter XIX-B) o Miscellaneous [Division 2 | Income Tax Practice Manual]: o Tabular presentation of all key provisions of the Act, i.e.: § Tax-Free Incomes§ Deductions & Allowances § Periods of Limitation § Penalties § offences and Prosecutions o Analysis of all procedural aspects of the Act, i.e.: § 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 3 | Gist of all Circulars, Clarifications & Notifications (1961 – February 2021)] with Section & Alphabetical key for easy navigation [Division 4 | Digest of all Landmark Rulings (1922 – February 2021)] with Section & Alphabetical keys for easy navigation Also available in Taxmann’s Virtual Book Format (An e-Book Initiative for un-interrupted reading experience). Also available [28th Edition | 2021] Taxmann’s Master Guide to Income Tax Rules – In depth rule-wise commentary along with gist of all Circulars & Notifications and judicial precedents.
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Income Tax;
