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:
  o [Amendments made by the Finance Bill, 2022] are duly incorporated in respective Chapters of the Reckoner and are appropriately highlighted
  o [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
  o [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