CONTENTSChapter 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 ProvisionsAppendix 1 Important Recent Judicial Decisions/CircularsAbout the BookΓ* A comprehensive and critical study of the law relating to Income-tax and Wealth-tax written in aunique, simple, easy to understand language that enables a Quicker grasp for the reader.Γ* The book is “user-friendly” and provides information In a concise manner to save valuable time ofthe readers sc that, they may, whenever reQuired, refer to the desired case law or relevantcircular, etc. on the subject.Γ* Each proposition Is supported by decisions of the Supreme Court and the High Courts and also therelevant circulars of CBDT.Γ* Important case laws reported have been Included.Γ* selected problems from the examinations of all the three Professional Institutes viz. ICAI, ICSI andICMAI have been included with solutions as per law applicable for Assessment Year 2015-2016.Γ* Even the last minute changes In the law have been incorporated in the beak and It is, therefore, thelatest and most update book for the Assessment Year 2015-2016. The amendments made by theFinance Act, 2015 have been incorporated at appropriate places In the bock by way of footnotes. TheHighlights of Amendments made by the Finance Act, 2015 have also been given in the beginning of thebook to facilitate a quick glance to the reader about the latest.Γ* The book will be found useful for the Professionals, Income-tax Department, Students ofProfessional Institutlons, Management Institutes, Universities and for the examinations of theIncome-tax Department.About the AuthorsDR. GIRISH AHUJA did his graduation and post .graduation from Shri Ram College of Commerce,Delhi and was a position holder. He Is a Fellow of the Institute of Chartered Accountants of Indiaand was a rank holder both in the Intermediate and Final Examinations of the Institute. He wasawarded a Ph.D. degree by Faculty of Management Studies (FMS), Delhi University. He is a visitingfaculty member of the ICAI, ICSI, ICAI (Works) and various management institutes. He had beennominated for six years by the Government to the Central COuncil of the Institute of Companysecretaries of IndiaDR. RAVI GUPTA did his graduation and post. graduation from Shri Ram College of Commerce.Thereafter, he did LLB. from Delhi University and MBA (Finance) from Faculty of ManagernentStudies, Delhi. He has been awarded a Ph.D. degree In International Finance by the Delhi University.
Girish Ahuja, Ravi Gupta
33rd , 2016