Bharat Direct Taxes Manual (Set of 3 Volumes)

About DIRECT TAXES MANUAL in 3 volumes

Volume 1

Income-tax Act, 1961

Text of sections

Chronological list of Amendment Acts

SUBJECT INDEX

Appendix 1: Selected Circulars & Notifications

Appendix 2: The Finance (No. 2) Act, 2019

Income Tax

The First Schedule: Rates of Taxes

Part I: Income Tax

Part II: Rates for Deduction of Tax at Source in Certain Cases

Part III: Rates for Charging Income-tax in Certain Cases, Deducting Income-tax from Income Chargeable under the Head “Salaries” and Computing “Advance Tax”

Part IV: Rules for Computation of Net Agricultural Income

Appendix 3: The Finance Act, 2019

Securities Transaction Tax

Text of Sections

Commodities Transaction Tax

Text of Sections

Limited Liability Partnership Act, 2008

Text of Sections

Prohibition of Benami Property Transactions Act, 1988

Text of Sections

Kar Vivad Samadhan Scheme, 1998

Public Provident Fund Act, 1968

The National Tax Tribunal Act, 2005

Volume 2

DIVISION ONE

INCOME TAX & ALLIED RULES

The Income-tax Rules, 1962

Text of Rules and Forms

Chronological list of amendments

Subject Index

ANNEXURE 1: Income Computation and Disclosure Standards

Income Computation and Disclosure Standard I relating to accounting policies

Income Computation and Disclosure Standard II relating to valuation of inventories

Income Computation and Disclosure Standard III relating to construction contracts

Income Computation and Disclosure Standard IV relating to revenue recognition

Income Computation and Disclosure Standard V relating to tangible fixed assets

Income Computation and Disclosure Standard VI relating to the effects of changes in foreign exchange rates

Income Computation and Disclosure Standard VII relating to government grants

Income Computation and Disclosure Standard VIII relating to securities

Income Computation and Disclosure Standard IX relating to borrowing costs

Income Computation and Disclosure Standard X relating to provisions, contingent liabilities and contingent assets

Circular No. 10/2017, dated 23-3-2017: Clarifications on Income Computation and Disclosure Standards (ICDS) notified under section 145(2) of the Income-tax Act, 1961

The Income-tax (Certificate Proceedings) Rules, 1962

Text of Rules and Forms

Chronological list of amendments

Subject Index

The Income-tax (Appellate Tribunal) Rules, 1963

Text of Rules and Forms

Chronological list of amendments

CBDT Instruction: Revision of monetary limits for filing of appeals by the department before Income-tax Appellate Tribunal, High Courts and Supreme Court — Measures for reducing litigation — Regarding

Instructions regarding e-payment of ITAT fees

Subject Index

Income-tax (Dispute Resolution Panel) Rules, 2009

Text of the Rules

The Income-tax Settlement Commission (Procedure) Rules, 1997

Text of the Rules

The Authority for Advance Rulings (Procedure) Rules, 1996

Text of the Rules

Senior Citizens Savings Scheme Rules, 2004

Text of the Rules

Senior Citizens’ Welfare Fund Rules, 2016

Text of the Rules

Securities Transaction Tax Rules, 2004

Text of the Rules

Banking Cash Transaction Tax Rules, 2005

Text of the Rules

Commodities Transaction Tax Rules, 2013

Text of the Rules

Sukanya Samriddhi Account Rules, 2016

Text of the Rules

Equalisation Levy Rules, 2016

Text of the Rules

Prohibition of Benami Property Transaction Rules, 2016

Text of the Rules

DIVISION TWO

RELEVANT SCHEMES

Electoral Bond Scheme, 2018

Text of the Rules

Electoral Trusts Scheme, 2013

Text of the Scheme

Site Restoration Fund Scheme, 1999

[For purposes of section 33ABA]

Text and Forms of the Scheme

Reverse Mortgage Scheme, 2008

[For purposes of section 47(xvi)]

Text and Forms of the Scheme

Capital Gains Accounts Scheme, 1988

[For purposes of sections 54(2), 54B(2), 54D(2), 54F(4) and 54G(2)]

Text and Forms of the Scheme

Notification: Banks authorised to receive deposits under the scheme

Equity Linked Savings Scheme, 2005

[For purposes of section 80C(2)(xiii)]

Text and Forms of the Scheme

Bank Term Deposit Scheme, 2006

[For purposes of section 80C(2)(xxi)]

Text and Forms of the Scheme

Guidelines for Providing Training by Shipping Companies for Tonnage Tax Scheme under Chapter XIIG of Income-Tax Act

[For purposes of section 115VU]

Text of the Scheme

Centralised Verification Scheme, 2019

Text of the Scheme

Centralised Processing of Returns Scheme, 2011

[For purposes of section 143(1A)]

Text of the Scheme

25.Centralised Processing of Statements of Tax Deducted at Source Scheme, 2013

[For purposes of section 200A(2)]

Text of the Scheme

Tax Return Preparer Scheme, 2006

Text of the Scheme

7.75% Savings (Taxable) Bonds, 2018

Text of the Scheme

Income Computation and Disclosure Standards

(Reproduced as Annexure 1 to the Income-tax Rules, 1962, page 1.1281)

Limited Liability Partnership Rules, 2009

Text of the Scheme

Volume 3

Division 1

AMENDMENTS AT A GLANCE

Chapter 1 Amendments at a Glance (Made by the Finance (No. 2) Act, 2019)

Chapter 2 Rates of Tax

DIVISION 2

LAW, PRACTICE & PROCEDURE

Chapter 3 Residential Status

Chapter 4 Provisions Relating to Non-Resident

Chapter 5 International Tax Rates

Chapter 6 Double Taxation Avoidance Agreements

Chapter 7 List of Exempt Incomes

Chapter 8 Income Computation Disclosure Standards (ICDS)

Chapter 9 Business Deductions and Disallowances

Chapter 10 Capital Gains

Chapter 11 Set Off and Carry Forward of Losses

Chapter 12 Minimum Alternate Tax

Chapter 13 Transfer Pricing — Domestic & International

Chapter 14 General Anti Avoidance Rule (GAAR)

Chapter 15 Penalties & Prosecution

Chapter 16 Prohibition on Cash Transactions

Chapter 17 Deductions under Chapter VIA

Chapter 18 Time Limit, Form & Fees for Filing an Appeal

Chapter 19 Limitations

Chapter 20 Tax Deduction at Source

Chapter 21 Frequently Asked Questions (FAQs)

DIVISION 3

GENERAL INFORMATION

Chapter 22 Rates of Gold and Silver

Chapter 23 Bonus/Restructured/Rights Shares

(1) List of Bonus Shares Issued

(2) List of Shares FV (Face Value) – Re-structured

(3) List of Right Shares issued

Chapter 24 Depreciation Rates as per Companies Act, 1956/2013

Chapter 25 Income Tax Rules — At a Glance

(1) Forms at a Glance

(2) Prescribed Authorities under the Income Tax Rules/Act

(3) Prescribed Audit Reports under the Income Tax Rules/Act

(4) Prescribed Reports/Certificates from an Accountant under section 288(2), Explanation

(5) Prescribed Applications, Notices, Declarations, Forms, etc. under the Income-tax Rules/Act

(6) Prescribed Certificates/Statements/Particulars to be Furnished under the Income-Tax Rules/ Act

(7) Prescribed Returns under the Income-tax Rules/Act

DIVISION 4

TAX TABLES

Chapter 26 Tax Tables

TDS from Monthly Taxable Salary for F.Y. 2019-20

Advance Tax Tables (F.Y. 2019-20) (A.Y. 2020-21)

Income Tax Tables for Assessment Year 2019-2020

Advance Tax/Income Tax Calculation by Formula

DIVISION 5

SELECTED CASE-LAW

Chapter 27 Section Wise Digest of Income-Tax Cases

DIVISION 6

MODEL DEEDS

Chapter 28 Model Deeds

DIVISION 7

CBDT CIRCULARS & GOVERNMENT NOTIFICATIONS

Chapter 29 CBDT Circulars & Government Notifications

A.Income-tax Act, 1961

B.Wealth-tax Act, 1957

C.Expenditure-tax Act, 1987

D.Banking Cash Transaction Tax

DIVISION 8

ALLIED LAWS REFERRED TO IN DIRECT TAXES ACTS/RULES

Chapter 30 Allied Laws Referred to in Direct Taxes Acts/Rules