Amendments brought in by the Finance Act, 2015Important Recent Judicial DecisionsGist of CBDT Circulars & Government NotificationsChapter 1 Introduction(Sections 1 to 4)Chapter 2 Scope of Total Income & Residential Status(Sections 5 to 9)Chapter 3 Incomes which do not form part of Total Income(Sections 10, 10AA and 11 to 13A)Chapter 4 Heads of Income (Section 14) and Income under the Head “Salaries”(Sections 15 to 17)Chapter 5 Income under the Head “Income from House Property”(Sections 22 to 27)Chapter 6 Income under the Head “Profits and Gains of Business or Profession”(Sections 28 to 44D)Chapter 7 Income under the Head “Capital Gains”(Sections 45 to 55A)Chapter 8 Income under the Head “Income from Other Sources”(Sections 56 to 59)Chapter 9Income of Other Persons Included in Assessee’s Total Income (Clubbing of Income) (Sections 60 to 65)Chapter 10Unexplained Cash Credits, investments, money, etc. (Sections 68 to 69D)Chapter 11 Set off or Carry Forward and Set off of Losses(Sections 70 to 80)Chapter 12 Deductions to be made in Computing Total Income[Sections 80A to 80U (Chapter VIA)]Chapter 13 Agricultural Income & Its Tax Treatment[Sections 2(1A) and 10(1)]Chapter 14 Assessment of IndividualsChapter 15 Assessment of Hindu Undivided FamilyChapter 16 Assessment of FirmsChapter 17 Assessment of Association of PersonsChapter 18 Assessment of Co-operative SocietiesChapter 19 Assessment of Trusts(Sections 11 to 13)Chapter 20 Taxation of Mutual Associations(Section 44A)Chapter 21 Assessment of CompaniesChapter 22 Tonnage Tax System(Sections 115VA to 115VZC)Chapter 23 Taxation of Non-Residents(Chapter XII and XIIA of Income-tax Act)Chapter 24 Return of Income and Procedure of Assessment(Sections 139 to 154)Chapter 25 Search, Seizure & Survey and Special Procedure for Assessment of Search Cases(Sections 132, 132A, 132B, 133A, 153A to 153C and Sections 158B to 158BH)Chapter 26 Deduction and Collection of Tax at Source(Sections 190 to 206CA i.e. Chapter XVIIA & B)Chapter 27 Advance Payment of Tax(Sections 207-211, 218 & 219)Chapter 28 Interest Payable by/to Assessee(Sections 201(1A), 220(2), 234A to 234B, 234C & 244A)Chapter 29 Refunds(Sections 237 to 241)Chapter 30 Settlement of Cases(Sections 245A to 245L)Chapter 31 Advance Rulings(Sections 245N to 245V)Chapter 32 Appeals & Revision(Sections 246 to 264)Chapter 33 Penalties and ProsecutionsChapter 34 Income Tax Authorities(Sections 116 to 119)Chapter 35 Business ReorganisationChapter 36 Double Taxation Relief(Sections 90 to 91)Chapter 37 Concepts of tax-planning and specific management decisionsChapter 38 Special Provisions Relating to Avoidance of Tax(Chapter X, Sections 92 to 92F, 93 & 94A)Chapter 39 Specified Domestic Transactions and Provision of Transfer Pricing Applicable to such Transactions(Chapter X, Sections 92BA, 92, 92C, 92D, 92E & 92F)Chapter 40 Liability in Special Cases(Chapter XV, Sections 159 to 179)Chapter 41 Collection and Recovery of Tax(Sections 156, 220 to 232)Chapter 42 Miscellaneous ProvisionsChapter 43 Wealth TaxAppendix 1 Rates of TaxationAppendix 2 Table of rates at which depreciation is admissibleAppendix 3 Table of rates at which depreciation is admissible for power generation businessABOUT THE AUTHORSDr. Girish Ahuja did his graduation and post graduation from Shri Ram College of Commerce and was a position holder. He got his Ph.D from Faculty of Management Studies. University of Delhi. He has been teaching Direct Taxes to students at various levels for more than 35 years. He is a Fellow of the Institute of Chartered Accountants of India (lCAI) and was placed in the merit list of both Intermediate and Final Examinations of the Institute. He is a senior faculty member of Shri Ram College of Commerce (Delhi University) and also visiting faculty member of the Institute of Chartered Accountants of India. Institute of Company Secretaries of India (ICSI) and various management institutes. He had been nominated by the Government to the Central Council of the Institute of Company Secretaries of India for two terms. He is a member of Fiscal Law Committee of lCAI and Editorial . Board of ICSI. He is also on the Board of Directors of many companies and has a vast and rich experience in the field of finance and taxation.Dr. Ravi Gupta did his graduation and post graduation from Shri Ram College of Commerce. Thereafter. he did LL.B. from Delhi University and MBA (Finance) from Faculty of Management Studies. Delhi. He has been awarded a Ph.D. degree in International Finance by the Delhi University. He is a faculty member at Shri Ram College of Commerce (Delhi University) and also has vast practical experience in handling tax matters of trade and industry. He has been a visiting faculty member at The Indian Law Institute . The Institute of Company Secretaries of India. MFC (South Campus.Delhi University). MDI and various other Management Institutes.
Girish Ahuja, Ravi Gupta