CONTENTAbout the authorsA few words from the authorsBOOK 1INCOME-TAX LAW IN BRIEF 1. LAW OF INCOME┬╖TAX IN BRIEFBOOK 2CORPORATE TAX PLANNINGUNIT ITAX PLANNING, TAX MANAGEMENT, TAX AVOIDANCE, TAX EVASION 2. TAX PLANNING, TAX MANAGEMENT, TAX AVOIDANCE AND TAX EVASIONUNIT IICORPORATE TAX IN INDIA 3. DEFINITIONS 4. RESIDENTIAL STATUS AND TAX INCIDENCE 5. TAXATION OF COMPANIESUNIT IIITAX PLANNING WITH REFERENCE TO SPECIFIC BUSINESS DECISIONS 6. TAX PLANNING WITH REFERENCE TO NEW BUSINESS- LOCATION OF A BUSINESS 7. TAX PLANNING WITH REFERENCE TO NEW BUSINESS – NATURE OF BUSINESS 8. TAX PLANNING WITH REFERENCE TO NEW BUSINESS – FORM OF ORGANISATION 9. TAX PLANNING WITH REFERENCE TO FINANCIAL MANAGEMENT DECISIONS10. TAX PLANNING WITH REFERENCE TO MANAGERIAL DECISIONS11. TAX PLANNING IN RESPECT OF EMPLOYEES’ REMUNERATION12. TAX PLANNING WITH REFERENCE TO SALE OF SCIENTIFIC RESEARCH ASSETS13. TAX PLANNING WITH REFERENCE TO RECEIPT OF INSURANCE COMPENSATION14. TAX PLANNING WITH REFERENCE TO DISTRIBUTION OF ASSETS BY COMPANIES IN LIQUIDATIONUNIT IVNON┬╖RESIDENT15. TAX PLANNING IN RESPECT OF NON-RESIDENT16. DOUBLE TAXATION RELIEF17. TRANSFER PRICING18. ADVANCE RULING FOR NON┬╖RESIDENTSUNIT VBUSINESS RESTRUCTURING19. RESTRUCTURING BUSINESS20. AMALGAMATION21. DEMERGER22. CONVERSION OF SOLE PROPRIETARY BUSINESS OR FIRM INTO COMPANY23. SLUMP SALE24. TRANSFER OF ASSETS BETWEEN HOLDING AND SUBSIDIARY COMPANIES25. CONVERSION OF COMPANY INTO LIMITED LIABILITY PARTNERSHIPBOOK 3BUSINESS TAX PROCEDURE AND MANAGEMENTUNIT-IADVANCE TAX, TDS AND INTEREST26. ADVANCE PAYMENT OF TAX27. DEDUCTION/COLLECTION OF TAX AT SOURCE AND E-TOS RETURN28. INTEREST PAYABLE BY ASSESSEE/GOVERNMENT29. REFUND OF EXCESS PAYMENTSUNIT IIRETURN, ASSESSMENT, PENALTIES, SETTLEMENT COMMISSION AND SEARCH30. RETURN/ASSESSMENT OF INCOME31. APPEALS, REVISIONS, REFERENCES32. PENALTIES AND PROSECUTIONS33. SETTLEMENT OF CASES34. SEARCH, SEIZURE AND ASSESSMENTUNIT IIIWEALTH┬╖TAX35. WEALTH- TAX ABOUT THE BOOKΓ* The law stated in this Book is as amended by the Finance (No. 2)Act, 2014.Γ* Book One showcases the law of income-tax in a structured and concise manner so as to provide the theoretical background for understanding the complex Tax Planning and Business Tax Procedures in real world scenarios.Γ* Book Two covers Corporate Tax Planning (corporate tax, setting up a new business, financial management decision, remuneration planning, non-resident and business restructuring).Γ* Book Three covers Tax Procedure and Management (retum, assessment, appeals, penalties, Settlement Commission, search and seizure, advance tax, TOS, e-TOS and interest). This part also covers wealth-tax.Γ* Numerous multiple choice problems are included at the end of each chapter so as to enable clarity of thought and quick revision.Γ* Each para (with a distinct number) starts with analytical discussion supported by well-thought out original problems.Γ* The book Is amended up to August 1, 2014.Γ* A useful and handy book, especially where the reader isΓ* a student of tax planning and management,Γ* in the tax consultancy profession,Γ* an official in tax department,Γ* a taxpayer who wants to learn different techniques to legally minimize his current and future tax bills. ABOUT THE AUTHORSDr. Vinod K. Singhamia got his Ph.D. from the Delhi School of Economics in 1976. His fields of special interest include all facets of corporate legislation and corporate economics especially the tax laws. Associated in different capacities with several professional institutes and business houses in India and abroad, Dr. Singhania is author of many popular books and software published by Taxmann. He has to his credit more than 300 research articles which have appeared in leading journals. He has been a resource person in over 700 seminars in India and abroad. Dr. Monica Singhania is Associate Professor, Faculty of Management Studies, University of Delhi. She is a post-graduate from Delhi School of Economics and a Fellow Member of the Institute of Chartered Accountants of India. She has the distinction of being placed in the merit list of the examinations conducted by both the University as well as the Institute. She has been awarded Ph.D. in the area of corporate taxation from the University of Delhi. She is the author of 7 books on direct tax laws and several research papers which have been published in leading journals.
Vinod K Singhania Monica Singhania