Description
Taxmann Publications Direct Taxes Ready Reckoner 45th Edition by Vinod K Singhania
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 Bill, 2021 (as passed by the Lok Sabha).
The Present Publication is the 45th Edition & amended by the Finance Bill 2021 (as passed by the Lok Sabha), 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 Bill, 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
About the author
Vinod K Singhania
Dr. Vinod K. Singhania got his Ph.D. from the Delhi School of Economics in 1976. His field of special interest includes 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 has also authored 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 800 seminars in India and abroad.