Taxmann’s Direct Taxes Ready Reckoner AY 2022-23 & 2023-24

By | May 14, 2022
(Last Updated On: May 14, 2022)

Taxmann’s Direct Taxes Ready Reckoner (DTRR) | A.Y. 2022-23 & 2023-24 – Illustrative Commentary on all Provisions of the Income-tax Act for 40+ years with Focused Analysis | 46th Edition

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axmann’s bestseller for 40+ years is a ready-referencer for all provisions of the Income-tax Act, covering illustrative commentary on the Finance Bill 2022.

The Present Publication is the 46th Edition & amended by the Finance Bill 2022 for A.Y. 2022-23 & 2023-24. Dr Vinod K. Singhania authors it with the following noteworthy features:

  • [Focused Analysis] without resorting to paraphrasing of sections and legal jargons, on the following:
    [Amendments made by the Finance Bill, 2022] 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
    § Complex provisions (such as taxation of Virtual Digital Assets, Updated Return, 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
    • [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] for 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
      o Tax rates for the assessment years 2022-23 and 2023-24
      o Amendments at a glance
      o Alternative tax regime
      o Income Computation and Disclosure Standards
      o Tax rates for the last ten assessment years
      o Gold and silver rates for the current year, last ten assessment years and on April 1, 1981/April 1, 2001
      o Tax savings schemes at a glance
      o Rates of depreciation
      § Under the Income-tax Act
      (i) For the assessment years 2006-07 onwards
      (ii) For power generating units from the assessment year 1998-99
      § Under the Companies Act, 2013
      o Deductions and allowances under the Income-tax Act
      o Provisions of sections 44D, 44DA and 115A in brief
      o Cost Inflation Index
      o Interest on National Savings Scheme
      o Computation of income and tax under sections 115A, 115AB, 115AC, 115AD, 115BBA and 115D
      o Withholding tax rates
      o Period of limitation under Income-tax Act
      o Time-limit for issue of notice during 2022-23 under section 148
      o Provisions of Sections 54, 54B, 54D, 54EC, 54F, 54GA and 54H
      o New faceless proceedings regime
      o Dates with direct taxes
      o Terminology
      o Income from ‘Salaries’
      o Income from house property
      o Profits and gains of business or profession
      o Capital gains
      o Income from other sources
      o Clubbing of income
      o Set-off of losses
      o Exemptions and deductions
      o Deductions from tax liability
      o Agriculture income
      o Return of income
      o Penalty
      o Interest
      o Advance payment of tax
      o Deduction or collection of tax at source
      o How to compute tax liability
      o Tax incidence on trusts
      o Business trust
      o Alternative Investment Funds
      o Special procedure for assessment of search cases
      o Tax clearance certificate
      o Tonnage tax
      o Securities transaction tax
      o Restrictions on cash transactions
      o Banking cash transaction tax
      o Equalisation Levy
    • Part B – Tax Tables | A.Y. 2022-23 & 2023-24
      o Individuals, HUFs and AOPs
      o Firms
      o Domestic companies
      o Foreign companies
      o Co-operative societies
      o Tax deduction at source
    • Part C – Market Quotations
      o Gold and Silver
    • Part D – Tax Tables of Past Six Years (Assessment Years 2016-17 to 2021-22)
      o Individuals, HUFs and AOPs


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