About Product
Taxmann’s Ultimate Best-Seller, ‘Direct Taxes Ready Reckoner’ is a ready-referencer for all provisions of the Income-tax Act, covering illustrative commentary on the Finance Act 2021. The Present Publication is the 45th Edition & amended by the Finance Act 2021, authored by Dr. Vinod K. Singhania. The book has the following noteworthy features: [Focused Analysis] without resorting to paraphrasing of sections and legal jargons, on the following: o [Amendments made by the Finance Act, 2021] are duly incorporated in respective Chapters of the Reckoner and are appropriately highlighted o [Comprehensive Analysis of Amendments with Illustration] are given separately in Referencer 2: Amendments at a glance § Difficult provisions (such as Section 45(4), Section 9B, etc.) have been explained by way of case studies o [Analysis of all provisions of the Income-tax Act] along with relevant Rules, Judicial Pronouncements, Circulars and Notifications [Faceless Tax Proceedings] provides the summary of all the legal provisions Provides analysis on Alternative Tax Regime along-with Break Even Tables [Tabular Presentation] of all key provisions of the Income-tax Act [Computation of Taxes] on various slabs of Income Ready referencer on tax rates, TDS rates, TCS rates, due dates, etc. [Zero Error] Follows the six-sigma approach, to achieve the benchmark of ‘zero error’ Contents of this book are as follows: o Part A – Study of Direct Taxes § Tax rates for the assessment years 2021-22 and 2022-23 § Amendments at a glance § Alternative tax regime § Income Computation and Disclosure Standards § Tax rates for the last ten assessment years § Gold and silver rates for the current year, last ten assessment years and on April 1, 1981/April 1, 2001 § Tax savings schemes at a glance § Rates of depreciation (i) Under the Income-tax Act (a) For the assessment years 2006-07 onwards (b) For power generating units from the assessment year 1998-99 (ii) Under the Companies Act, 2013 § Deductions and allowances under the Income-tax Act § Provisions of sections 44D, 44DA and 115A in brief § Cost Inflation Index § Interest on National Savings Scheme § Computation of income and tax under sections 115A, 115AB, 115AC, 115AD, 115BBA and 115D § Withholding tax rates § Period of limitation under Income-tax Act § Time-limit for issue of notice during 2021-22 under section 148 § Provisions of Sections 54, 54B, 54D, 54EC, 54F, 54GA and 54H § New faceless proceedings regime § Dates with direct taxes § Terminology § Income from ‘Salaries’ § Income from house property § Profits and gains of business or profession § Capital gains § Income from other sources § Clubbing of income § Set off of losses § Exemptions and deductions § Deductions from tax liability § Agriculture income § Return of income § Penalty § Interest § Advance payment of tax § Deduction or collection of tax at source § How to compute tax liability § Tax incidence on trusts § Business trust § Alternative Investment Funds § Special procedure for assessment of search cases § Tax clearance certificate § Tonnage tax § Securities transaction tax § Restrictions on cash transactions § Banking cash transaction tax § Equalisation Levy o Part B – Tax Tables § Individuals, HUFs and AOPs § Firms § Domestic companies § Foreign companies § Co-operative societies § Tax deduction at source o Part C – Market Quotations § Gold and Silver o Part D – Tax Tables of Past Six Years (Assessment Years 2015-16 to 2020-21) § Individuals, HUFs and AOPs
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