ALL ABOUT INTEREST UNDER INCOME TAX ACT AND GST (2019)
by LL.B. (GOLD MEDALIST), Ph.D.] AVADHESH OJHA [M.Sc. (Author)
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- Paperback: 672 pages
- Publisher: TAX PUBLISHERS; YEAR 2019 edition (19 April 2019)
The present book, covers all the aspects relevant to interest under the Income Tax Act and GST. For this purpose the book is divided in 7 parts. These parts deal with the subject matter of interest in the following manner.
Part I : Interest as Income
Section A : Chargeability and Accrual of Interest Income
Section B : Interest as Income Chargeable to Tax
Part II : Interest as Expenditure
Section A : Deduction of Interest on Capital Borrowed
Section B : Deductibility of Interest Amount Under Section 37(1) Section C : Disallowance of Interest
Section D : Treatment of Interest in Case of Partnership Firm
Part III : Levy of Interest and Fee for Various Defaults
Section A : Interest for Default in Complying with TDS and TCS Provision
Section B : Penal Interest Under Section 234A, 234B and 234C Section C : Levy of Fee Under Section 234E and 234F
Section D : Interest for Other Defaults
Part IV : Interest Payable to Assessee
Part V : TDS Vis-a-Vis Interest
Section A : TDS Under Section 193 and 194A
Section B : TDS Vis-a-Vis Interest to Non-Residents
Part VI : Miscellaneous Issues and Ready Referener
Section A : Issues Relevant to Interest
Section B : Ready Referencer
Part VII : Interest and GST
Section A : Overview of GST
Section B : Interst under GST
This is, therefore, a unique book covering almost all ingredients of the subject of interest under the Income Tax Act as well as under GST. We believe that it would be useful for the tax payers, the tax administrators and the tax practitioners.