Direct Tax Laws & International Taxation (Class Notes)

Taxmann’s first-ever-publication for notes on Direct Tax Laws & International Taxation, as a one-stop-solution to conquer the vast subject of Direct Taxation with ease. The objective behind this book, is to minimize the need to consult multiple voluminous books while revising, the day before exam. This book aims at providing all concepts in a simple language, with proper linking, and smart sequential approach. It also explains the provision of the law without resorting to paraphrasing of sections and legal jargons. The Present Publication is the Latest Edition (For New/Old Syllabus) & Updated till 31st October 2020, authored by CA V. Rahul Agarwal, with the following noteworthy features: Coverage of this book includes: Part A covers Direct Taxation (70 Marks) Part B covers International Taxation (30 Marks) [Pictorial Presentation/Charts with Handwritten Fonts] are used in the book for easy understanding of concepts [Multi-Colour Coded Book] which follows the below structure: Blue – Heading Black – Main Content Red – Summarised version of the main content Green – Amendments applicable for the examination Yellow Highlights – Key adjustments to be extremely cautious of; ‘The Accident Prone Zones’ Blue Boxes – Significant selected Case Laws provided by ICAI Green Boxes – Authors personal notes for better understanding and clarity Also Available: [64th Edition] of Taxmann’s Direct Taxes Law & Practice with special reference to Tax Planning [1st Edition] of Taxmann’s Cracker – Direct Tax Laws & International Taxation The contents of the book are as follows: Part A – Direct Taxation Basics of Income Tax Rates of Tax Special Tax Regime Taxation of Agriculture Income Income from Salary Income from House Property Profits and Gains of Business or Profession Income Computation & Disclosure Standards Capital Gains Taxation of Business Re-Organisations Taxation of Distribution to Owners Income from Other Sources Taxation of Dividends & Income from Units Bonus Stripping & Bond Washing Transactions Assessment of Firms & LLP Assessment of AOP & BOI Tax on Accreted Income of NPO [Exit Tax] Assessment of Business Trust Assessment of Securitisation Trust Assessment of Alternative Investment Fund Assessment of Political Party & Electoral Trust Assessment of Other Persons Taxation of Unexplained Income Clubbing of Income Set-Off and Carry Forward of Losses Income which do not form part of Total Income Expenditure in Relation to Exempt Income Chapter VI-A Deduction Tax Holiday for SEZ [Section 10AA] Minimum Alternate Tax [Section 115JB] Alternate Minimum Tax [Section 115JC] TDS & TCS Payment of Taxes Return Filing & Related Provisions Assessment Procedure Appeals & Revisions Settlement Commission Tax Planning, Avoidance & Evasion Penalties, Offence & Prosecution Modes of Loan, Deposit, Advance & Transactions Liability in Special Cases Tonnage Tax Statement of Financial Transactions (SFT) Miscellaneous Provisions Part B – International Taxation Transfer Pricing & Related Provisions Residential Status & Scope of Total Income Non-Resident Taxation Special Provisions for Non-Resident Indian (NRI) Taxation of Foreign Currency Bonds & GDR Double Taxation Relief Advance Rulings Equalisation Levy Overview of Model Tax Conventions* Application and Interpretation of Tax Treaties* Fundamentals of BEPS*