Direct Taxes Ready Reckoner (11th Edition)
- Year of Publication: 2023
- Edition: 11th
- ISBN: 978-81-962605-0-7
- No.of Pages: 753
Direct Taxes Ready Reckoner, as its name suggests, is a crisp and unique analysis and explanation of the legal provisions under the Income-tax Act, 1961. The book starts with a detailed sectionwise analysis of the amendments made by the Finance Bill, 2023 (as passed by the Lok Sabha). It explains the existing provision, the nature of the amendment, the rationale behind and the post- amendment provision. The chapters are systematically divided into basic concepts, exempt incomes, heads of income (trusts, salaries, business and professional income, capital gains, income from other sources), set off and carry forward of losses, deductions, rebates, transfer pricing, international taxation, search and seizure, returns, assessments, PAN/TAN, TDS/TCS, appeals, references, rectifications, refunds, Settlement Commission, interest, penalties and prosecution, etc. The relevant Chapters contain detailed illustrations with solutions explaining the computation of income. The book contains tabulated information with practical problems and solutions.
Direct Taxes Ready Reckoner also contains tax tables relating to TDS on Salary, Advance and Income Tax Tables in respect of different assessees including the Senior Citizens and Very Senior Citizens. Separate tables have been provided for Special rates of tax for different businesses. A Do It Yourself Formulas for Income Tax for Assessment Year 2023-2024 and Advance Tax for Financial Year 2023-2024 help the reader to easily calculate his taxability at the click of the calculator. A unique feature of this edition is the Tax Tables under the New Tax Regime.
Every year there are changes in the economic, political and regulatory scenarios in India. Finance Bills are a regular annual event and it brings out changes in the way taxes are to be levied and collected.
In this scenario, to assist the Tax Payers, Students and the fraternity of Professional Colleagues, we have come with a publication containing practical tips, illustrations and tax tables.
It is a humbling experience that this is the Seventh Edition of “Direct Taxes Ready Reckoner”.
Mahendra B. Gabhawala is a practicing chartered accountant and a commerce graduate, from Banaras Hindu University (BHU). He has been into active practice for a period of over four decades and has been a regular contributor at Seminars, covering various issues on Income Tax, held for professionals, organized at different locations across India by different Forums, including –
- ICAI (Institute of Chartered Accountants of India)
- AIFTP (All India Federation of Tax Practitioners)
- DTPA (Direct Taxes Professionals’ Association)
- Chambers of Commerce and Industry, CA Societies
- Tax Bar Associations and Tax Payers’ Associations
He has also authored practice-oriented books like-
- Tax practice Manual, and
- Search and Seizure Practice Manual
Besids all these he is also a philanthropist and vigorously engaged in the field of philanthropy from past many years.
He is supported by his 4 co-authors (Aprameya, Milinda, Arpita and Aparajita), all practicing Chartered Accountants.
Besides, he is supported by a dedicated Team headed by CA. Faiyaz Tauqui and CA. Surabhi Gupta.
Bharat is a 'trade-name' for a group of concerns, popularly known as Bharat Law House and Bharat Law House Pvt. Ltd. Bharat is one of the most reputed publishers of law books with an experience of over six decades. It possess a very diverse range of publications covering not only the area of taxation - direct and indirect - but also company law, insolvency capital market, finance, industrial law, foreign exchange, commercial, civil and criminal laws. The students publications for CA, CS, CMA, CFA, MBA, graduate and post-graduate studies have carved out a niche for themselves. The Publication House has a professionally qualified team with strong in-house capabilities. Their strength lies in the patronage of legal luminaries in every field. They strive for accuracy, authenticity and sincerity.
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- Year of Publication: 2023
- Edition: 11th
- ISBN: 978-81-962605-0-7
- No.of Pages: 753
Direct Taxes Ready Reckoner, as its name suggests, is a crisp and unique analysis and explanation of the legal provisions under the Income-tax Act, 1961. The book starts with a detailed sectionwise analysis of the amendments made by the Finance Bill, 2023 (as passed by the Lok Sabha). It explains the existing provision, the nature of the amendment, the rationale behind and the post- amendment provision. The chapters are systematically divided into basic concepts, exempt incomes, heads of income (trusts, salaries, business and professional income, capital gains, income from other sources), set off and carry forward of losses, deductions, rebates, transfer pricing, international taxation, search and seizure, returns, assessments, PAN/TAN, TDS/TCS, appeals, references, rectifications, refunds, Settlement Commission, interest, penalties and prosecution, etc. The relevant Chapters contain detailed illustrations with solutions explaining the computation of income. The book contains tabulated information with practical problems and solutions.
Direct Taxes Ready Reckoner also contains tax tables relating to TDS on Salary, Advance and Income Tax Tables in respect of different assessees including the Senior Citizens and Very Senior Citizens. Separate tables have been provided for Special rates of tax for different businesses. A Do It Yourself Formulas for Income Tax for Assessment Year 2023-2024 and Advance Tax for Financial Year 2023-2024 help the reader to easily calculate his taxability at the click of the calculator. A unique feature of this edition is the Tax Tables under the New Tax Regime.
Every year there are changes in the economic, political and regulatory scenarios in India. Finance Bills are a regular annual event and it brings out changes in the way taxes are to be levied and collected.
In this scenario, to assist the Tax Payers, Students and the fraternity of Professional Colleagues, we have come with a publication containing practical tips, illustrations and tax tables.
It is a humbling experience that this is the Seventh Edition of “Direct Taxes Ready Reckoner”.
Mahendra B. Gabhawala is a practicing chartered accountant and a commerce graduate, from Banaras Hindu University (BHU). He has been into active practice for a period of over four decades and has been a regular contributor at Seminars, covering various issues on Income Tax, held for professionals, organized at different locations across India by different Forums, including –
- ICAI (Institute of Chartered Accountants of India)
- AIFTP (All India Federation of Tax Practitioners)
- DTPA (Direct Taxes Professionals’ Association)
- Chambers of Commerce and Industry, CA Societies
- Tax Bar Associations and Tax Payers’ Associations
He has also authored practice-oriented books like-
- Tax practice Manual, and
- Search and Seizure Practice Manual
Besids all these he is also a philanthropist and vigorously engaged in the field of philanthropy from past many years.
He is supported by his 4 co-authors (Aprameya, Milinda, Arpita and Aparajita), all practicing Chartered Accountants.
Besides, he is supported by a dedicated Team headed by CA. Faiyaz Tauqui and CA. Surabhi Gupta.
Bharat is a 'trade-name' for a group of concerns, popularly known as Bharat Law House and Bharat Law House Pvt. Ltd. Bharat is one of the most reputed publishers of law books with an experience of over six decades. It possess a very diverse range of publications covering not only the area of taxation - direct and indirect - but also company law, insolvency capital market, finance, industrial law, foreign exchange, commercial, civil and criminal laws. The students publications for CA, CS, CMA, CFA, MBA, graduate and post-graduate studies have carved out a niche for themselves. The Publication House has a professionally qualified team with strong in-house capabilities. Their strength lies in the patronage of legal luminaries in every field. They strive for accuracy, authenticity and sincerity.
