CONTENTS1 Basic concepts2. Residential Status and Tax Include 3. Incomes exempt from tax4. Salaries5. Income from house property6. Profits and gains of business or profession7. Capital gains8. Income from other sources9. Income of other persons Included In assessee’s total Income10. Set off and carry forward of losses11. Deduction From Gross Total Income and tax liability12. Agricultural income13. Typical problems on assessment of individuals14. Tax treatment of Hindu undivided families15. Special provisions governing assessment of firms and associationof persons16. Taxation of companies17. Assessment of co-operative societies18. Assessment of charitable and other trusts19. Return of Income and assessment20. Penalties and prosecutions21. Advance payment of tax22. Interest23. Tax Deductuion & Collection At Source24. Refund of excess payments25. Appeals and revisions26. Income-tax authorities27. Settlement of cases28. Special measures In respect of transactions with persons located In notifiedJurisdictional area29. General Anti-avoidance Rule30. Advance ruling for non┬╖resldents31. Search, seizure and assessment32. Transfer pricing33. Businessrestructurlng34. Tax planning35. Miscellaneous36. Wealth-taxANNEXURESAbout The AuthorDr. Vinod K. Singhania got his Ph.D. from the Delhi School 0/ Economics in 1976.His fields of special il1lereSI include all facets a/corporate legislation and corporateeconomics especially the tax laws. Associated in different capacities with severalprofessional institutes and business houses in India and abroad, Dr. Singhania isauthor 0/ many popular books and software published by Taxmann.Dr. Kapil Singhania, a Fellow of lhe Institute of Chartered Accountants of Indiaand belonging to the alumni 0/ Shri Ram College 0/ Commerce, has completed hisresearch work lor which he has been awarded Ph.D. in 2003. His fields ofinvolvement in research work in form of articles in various repUled journals andanalytical studies span across from corporate laws to direct and indirect ta.xation.
Kapil Singhania, Vinod K Singhania
Edition June 2015