Direct Taxes: Income Tax, Wealth Tax and Tax Planning(30th Edition) - Softcover

B.B. Lal; N. Vashisht

9789382332008: Direct Taxes: Income Tax, Wealth Tax and Tax Planning(30th Edition)

Softcover

ISBN 10: 9382332006 ISBN 13: 9789382332008

Publisher: I K International Publishing House, 2012

Direct Taxes has been thoroughly revised and updated to present the law as applicable for the assessment year 2012-2013. This book sharpens one's under-standing of an otherwise complex subject and helps in clarifying concepts. Various provisions of law have been analyzed and explained in a well structured and reader-friendly manner. The emphasis of this book is on the simplification of the complexities of income-tax and wealth tax to impart much needed conceptual clarity on intricate law points. The book is meant for students pursuing their CA (final), ICWA (final), CS (final) M.Com, MBA, or LLB as well as those preparing for professional examinations. Salient Features Provides an updated and comprehensive study of direct tax laws including tax planning. Highlights prospective amendments, using the icon A. Y. 2012-2013 with shaded background. Uses tables for conceptual clarity. Includes numerous examples illustrating law points in a simple manner. Exhaustive practicals provide a thorough overview of laws, discussed in previous chapters. Contents: Part I: Income Tax Scheme of Income Tax / Income Exempt from Tax / Residential Status and Scope of Total Income / Salaries / Income from House Property / Profits and Gains of Business of Profession / Capital Gains / Income from Other Sources / Income of Other Persons Included in Assessee s Total Income / Aggregation of Income, Set-off and Carry Forward of Losses / Deductions from Gross Total Income / Agricultural Income and Tax Liability / Double Taxation Relief / Special Provisions Relating to Avoidance of Tax / Assessment of Individuals / Assessment of Hindu Undivided Families / Assessment of Partnership Firms / Assessment of Association of Persons / Assessment of Companies / Assessment of Non-residents / Assessment of Cooperative Societies / Assessment of Charitable Trusts / Liability in Special Cases / Income-tax Authorities / Procedure for Assessment / Penalties, Offences and Prosecutions / Appeals and Revision / Settlement of Cases / Advance Ruling / Deduction of Tax at Source / Advance Payment of Tax / Interest Payable / Collection and Recovery of Tax / Refunds. Part II: Wealth Tax Scheme of Wealth Tax / Incidence of Wealth Tax / Net Wealth to include Certain Assets / Exempted Assets Valuation of Assets / Computation of Net Wealth and Wealth Tax Liability / Liability in Special Cases / Assessment and Penalties / Appeals and Revision / Refunds [Sec. 34A]. Part III: Tax Planning Scheme of Tax Planning / Tax Planning for Residential Status / Tax Planning for Salaries / Tax Planning with Respect to Income from House Property / Tax Planning for Profit and Gains of Business or Profession / Tax Planning for Capital Gains / Tax Factors in Dividend Policy / Tax Planning for Clubbing Provisions / Tax Consideration in Setting up a New Business / Tax Planning and Forms of Business Organization / Tax Factors in Management Decisions / Tax Planning and Foreign Collaboration / Tax Implication of Amalgamation / Tax Considerations in Conversion of a Firm into a Company / Tax Planning for Wealth Tax / Tax Planning for Employee s Remuneration / Appendices / Index.

"synopsis" may belong to another edition of this title.

About the Author:

B.B. Lal was Reader, Department of Commerce, PGDAV College, University of Delhi. He has over 40 years of experience in tax laws and has taught the subject at the University of Delhi, South Campus, the Institute of Company Secretaries of India, (New Delhi) and the Northern India Regional Council of the Institute of Chartered Accountants of India, New Delhi. N. Vashisht is an alumnus of University of Delhi and fellow of the Institute of Chartered Accountants of India. He has over 20 years of experience in Indian and international taxation.

"About this title" may belong to another edition of this title.