Author Description

Taxmann’s Master Guide To Income Tax Act, Is A Unique Book That Provides The Following: • Section-wise Commentary On The Finance Act 2021 • Ready-referencer For All-important Procedural Aspects Of The Income-tax Act. • Section-wise Digest Of Landmark Rulings • Section-wise Gist Of All Circulars And Notifications Which Are Still In Force The Present Publication Is The 31st Edition, Amended By The Finance Act 2021 & The Taxation And Other Laws (relaxation And Amendment Of Certain Provisions) Act, 2020. This Book Is Authored By Pradeep S. Shah & Rajesh S. Kadakia, With The Following Noteworthy Features: • [division 1 | Commentary]: Section-wise Commentary On Changes Made By The Finance Act, 2021 O Definitions O Taxation Of Unit Linked Insurance Policy (ulips) O Tax Incentive For Units Located In International Financial Services Centre (ifsc) O Exemptions O Taxation Of Charitable Trusts O Business Income O Capital Gains O Carry Forward Of Losses O Deductions O Return And Assessment Of Income O Tds O Discontinuation Of Income-tax Settlement Commission O Constitution Of Dispute Resolution Committee (section 245ma) O Board For Advance Rulings (chapter Xix-b) O Miscellaneous • [division 2 | Income Tax Practice Manual]: O Tabular Presentation Of All Key Provisions Of The Act, I.e.: • Tax-free Incomes • Deductions & Allowances • Periods Of Limitation • Penalties • Offences And Prosecutions O Analysis Of All Procedural Aspects Of The Act, I.e.: • Deduction Of Tax At Source • Collection Of Tax At Source • Return Of Income • Assessment/reassessment • Rectification Of Mistakes • Payment Of Tax/interest & Refund Of Taxes • Pan & Aadhaar • Statements Of Finance Transactions (sft) • Advance Tax • Interest And Fees • Refunds • Faceless Proceedings • [division 3 | Gist Of All Circulars, Clarifications & Notifications (1961 – February 2021)] With Section & Alphabetical Key For Easy Navigation • [division 4 | Digest Of All Landmark Rulings (1922 – February 2021)] With Section & Alphabet