Concise Commentary on Income Tax including International Taxation

by Dr. Girish Ahuja & CA (Adv.) Rahul Agarwal

Contents at a Glance

Preface to the Twenty Seventh Edition	vii
About the Book	ix
About the Authors	xi
Detailed Contents	xvii
Sectionwise Referencer	xxv
List of Circulars Referred	xxxix
List of Notifications Referred	xli
Table of Cases	xliii

Vol 1

Division 1

Part A: Compact Referencer
CR-1: Prescribed Audit Reports under the Income-tax Rules/Act	1.5
CR-2: Prescribed Reports/Certificates from an Accountant	1.6
CR-3: Withholding Tax Rates Applicable in the Treaties that India has entered into with Various Countries	1.8
CR-4: Tax rates as per IT Act vis a vis Tax Treaties	1.15
CR-5: Relevant FAQs on Interplay and Transition from the IT Act, 1961 to the IT Act, 2025	1.26
CR-6: Repeal and Savings	1.54
Part B: Navigators - Act, Rules & Forms
Navigator (Sections, Rules and Forms)	1.73

Division 2

Chapter 1:Introduction [Sections 1 to 4]	2.1
Chapter 2 Scope of Total Income and Residential Status [Sections 5 to 9]	2.66
Chapter 3 Incomes which do not Form Part of Total Income[Sections 11 and 12 read with Schedules II, III, IV, V, VI, VII and VIII]	2.143
Chapter 4 Heads of Income [Sections 13 & 14] & Income under the Head "Salaries" [Sections 15 to 19]	2.217
Chapter 5 Income under the Head "Income from House Property" [Sections 22 to 25]	2.316
Chapter 6 Income under the Head "Profits and Gains of Business or Profession" [Sections 26 to 66 (erstwhile Sections 28 to 44DB)]	2.357
Chapter 7 Income under the Head "Capital Gains" [Sections 67 to 91]	2.756
Chapter 8 Income under the Head "Income from Other Sources" [Sections 92 to 95]	2.1065
Chapter 9 Income of Other Persons Included in Total Income of Assessee (Clubbing of Income) [Sections 96 to 100]	2.1125
Chapter 10 Unexplained Credits, Investments, Asset, Expenditure, etc[Sections 102 to 107]	2.1146
Chapter 11 Set off or Carry Forward and Set off of Losses [Sections 108 to 121]	2.1182
Chapter 12 Deductions to be Made in Computing Total Income [Sections 122 to 154 (Chapter VIII)]	2.1234
Chapter 13 Agricultural Income and Its Tax Treatment[Sections 2(5) and 11 read with Schedule II (Table: Sl. No. 1)]	2.1316

Vol 2

Chapter 14 Double Taxation Relief [Sections 159 and 160]	2.1335
Chapter 15 Special Provisions Relating to Avoidance of Tax (Chapter X, Sections 161 to 174, 176 and 177)	2.1353
Chapter 16 General Anti-Avoidance Rules (GAAR) [Chapter XI, Sections 178 to 184]	2.1422
Chapter 17 Mode of payment in certain cases etc. and penalty in case of contravention [Sections 185 to 189 and Sections 450 to 453]	2.1433
Chapter 18 Taxation of Individuals	2.1443
Chapter 19 Taxation of Hindu Undivided Family	2.1466
Chapter 20 Taxation of Firms (including LLP)	2.1482
Chapter 21 Taxation of Association of Persons / Body of Individuals	2.1514
Chapter 22 Special provisions for registered Non-Profit Organization [Sections 332 to 355]	2.1537
Chapter 23 Taxation of Mutual Associations	2.1636
Chapter 24 Taxation of Co-operative Societies	2.1653
Chapter 25 Taxation of Companies	2.1675
Chapter 26 Special Provisions relating to Income of Shipping Companies (Tonnage Tax Scheme) [Section 225 to 234]	2.1714
Chapter 27 Special provisions relating to pass-through entities [Sections 221 to 224]	2.1735
Chapter 28 Taxation of Non-Residents with Special Provisions as per Part E of Chapter XIII	2.1748
Chapter 29 Taxation and Special Provisions relating to Certain Persons [Chapter XVII-A, Sections 302 to 331]	2.1804
Chapter 30 Income Tax Authorities [Sections 236 to 261 (erstwhile sections 116 to 138)]	2.1834
Chapter 31 Return of Income[Sections 262 to 267]	2.1864
Chapter 32 Procedure for Assessment [Sections 268 to 291]	2.1906
Chapter 33 Search, Seizure & Survey [Sections 247 to 253] & Special procedure for assessment of search cases [Sections 292 to 301]	2.1993
Chapter 34 Appeals, Avoidance of Repetitive Appeals and Revisions[Sections 356 to 378]	2.2037
Chapter 35 Alternative Dispute Resolutions [Chapter XVIII-D - Sections 379 to 389]	2.2125
Chapter 36 Deduction & Collection at Source [Sections 390 to 402]	2.2150
Chapter 37 Advance Payment of Tax [Sections 403 to 410] 2.2558
Chapter 38 Charge of Interest and Levy of Fee [Sections 398(3), 411(3), 411(6), 423, 424, 425, 426, 427, 428, 429, 430 & 437]	2.2576
Chapter 39 Refunds[Sections 431 to 438]	2.2610
Chapter 40 Penalties, Offences and Prosecution [Sections 298, 412 & 439 to 491]	2.2617
Chapter 41 Collection and Recovery of Tax [Sections 411 to 422]	2.2684
Chapter 42 Miscellaneous Provisions	2.2700
Chapter 43 Overview of Model tax Conventions .	2.2757
Chapter 44 Application and Interpretation of Tax Treaties	2.2826
Chapter 45 Fundamentals of Base Erosion and Profit Shifting	2.2841

Division 3

Appendix 1 Depreciation Table (Table of Rates at which depreciation is admissible)	3.3
Appendix 2 Table of Rates at which Depreciation is Admissible	3.10
Appendix 3 Notification No. 29/2018 dated 22.6.2018	3.12