Direct Taxes Ready Reckoner Professional Book By Dr. Vinod K. Singhania

Direct Taxes Ready Reckoner Professional Book By Dr. Vinod K. Singhania in paperback mode. 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.

Key Highlights

• The Present Publication is the 45^th 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:
  • [Amendments made by the Finance Act, 2021] are duly incorporated in respective Chapters of the Reckoner and are appropriately highlighted
  • [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
  • [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:
  • 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
  • Under the Income-tax Act
  • For the assessment years 2006-07 onwards
  • For power generating units from the assessment year 1998-99
  • 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
  • Part B – Tax Tables
  • Individuals, HUFs and AOPs
  • Firms
  • Domestic companies
  • Foreign companies
  • Co-operative societies
  • Tax deduction at source
  • Part C – Market Quotations
  • Gold and Silver
  • Part D – Tax Tables of Past Six Years (Assessment Years 2015-16 to 2020-21)
  • Individuals, HUFs and AOPs