Description
Taxmann Publications Master Guide To Income Tax Act With Commentary On Finance Act 2020 by PRADEEP S SHAH and RAJESH S KADAKIA
with Supplement
Analysis of all Statutory and Judicial changes in the Income-tax Act | Ready-Referencer for All-Important Procedural Aspects of the Act
This is a unique book which provides Analysis of all Statutory and Judicial changes in the Income-tax Act. It also provides a Ready-Referencer for All-Important Procedural Aspects of the Act.
The Present Publication is the 30th Edition with the following coverage:
Division 1: Section-wise commentary on changes made by the Finance Act, 2020 and Taxation and Other Laws (Relaxation of Certain Provisions) Act, 2020
Division 2: Income-tax Practice Manual
Tabular presentation of all key provisions of the Act, i.e.,
Tax-Free Incomes,
Deductions & Allowances,
Periods of Limitation,
Penalties, and
Prosecutions
Analysis of all procedural aspects of the Act, i.e.,
TDS,
TCS,
Returns,
Assessments,
Advance-tax,
Interest,
Refunds
Division 3: Gist of all Circulars & Notifications which are in-force
Division 4: Digest of all Landmark Rulings by the Apex Court, High Courts, and Tribunals
Supplement to Master Guide to Income-tax Act
The Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Act, 2020, has inserted or amended 39 Sections of the Income-tax Act, 1961. This supplement to Master-Guide to Income-tax Act provides all amended and newly inserted Sections along with commentary.
This book incorporates the following:
Change in the due dates of various compliances;
Reduction in the rates of TDS/TCS
Clarifications regarding amended provisions of residential status;
Faceless proceedings;
Restoration and deferment of certain provisions relating to trusts;
Exemptions and deductions;
Taxation of Alternative Investment Funds (AIFs); and
Reduced rates of surcharge on dividend income in case of FPIs.