Concise Commentary on Income Tax

by Dr. Girish Ahuja & Dr. Ravi Gupta

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Vol.1 Pages - 1432

Vol. 2 Pages - 1520

Contents at a Glance

Preface to the Twenty Fourth Edition	vii
About the Book	ix
About the Authors	xi
Detailed Contents	xvii
Sectionwise Referencer	xxxvii
List of Rules Referred	xxxv
List of Circulars Referred	xlvii
Table of Cases	xli

Vol 1

Part I

Direct Tax Laws

Chapter 1 Introduction	3
[Sections 1 to 4]
Chapter 2 Scope of Total Income and Residential Status	83
[Sections 5 to 9B]
Chapter 3 Incomes which do not Form Part of Total Income	155
[Sections 10, 10AA and 11 to 13B]
Chapter 4 Computation of Total Income [Sections 14 & 14A] & Income under the Head "Salaries"	223
[Sections 15 to 17]
Chapter 5 Income under the Head "Income from House Property"	314
[Sections 22 to 27]
Chapter 6 Income under the Head "Profits and Gains of Business or Profession"	357
[Sections 28 to 44DB]
Chapter 7 Income under the Head "Capital Gains"	742
[Sections 45 to 55A]
Chapter 8 Income under the Head "Income from Other Sources"	1044
[Sections 56 to 59]
Chapter 9 Income of Other Persons Included in Assessee's Total Income(Clubbing of Income)	1100
[Sections 60 to 65]
Chapter 10 Unexplained Cash Credits, Investments, Money, etc.	1118
[Sections 68 to 69D]
Chapter 11 Set off or Carry Forward and Set off of Losses	1151
[Sections 70 to 80]
Chapter 12 Deductions to be Made in Computing Total Income	1201
[Sections 80A to 80U (Chapter VIA)]

Vol 2

Chapter 13 Agricultural Income and Its Tax Treatment	1273
[Sections 2(1A) and 10(1)]
Chapter 14 Assessment of Individuals	1283
Chapter 15 Assessment of Hindu Undivided Family	1319
Chapter 16 Assessment of Firms (including LLP)	1338
Chapter 17 Assessment of Association of Persons	1368
Chapter 18 Assessment of Co-operative Societies	1379
Chapter 19 Assessment of Trusts	1402
[Sections 11 to 13]
Chapter 20 Taxation of Mutual Associations	1505
Chapter 21 Assessment of Companies	1520
Chapter 22 Tonnage Tax Scheme	1573
Chapter 23 Return of Income and Procedure of Assessment	1589
[Sections 139 to 154]
Chapter 24 Search, Seizure & Survey	1715
[Sections 132, 132A, 132B, 133A, 153A to 153D]
Chapter 25 Deduction and Collection of Tax at Source	1746
[Sections 190 to 206CA i.e. Chapter XVIIA, XVIIB & XVIIIBB]
Chapter 26 Advance Payment of Tax	2006
[Sections 207-211, 218 & 219]
Chapter 27 Interest and Fee Payable	2017
[Sections 201(1A), 220(2), 234A, 234B, 234C, 234D, 234E, 234F, 234G,234H & 244A]
Chapter 28 Refunds	2048
[Sections 237 to 241 & 245]
Chapter 29 Settlement of Cases	2058
[Sections 245A to 245L]
Chapter 30 Appeals and Revision	2083
Chapter 31 Penalties and Prosecutions	2165
Chapter 32 Dispute Resolution Committee in Certain Cases	2240
[Section 245MA]
Chapter 33 Income Tax Authorities	2252
[Sections 116 to 119]
Chapter 34 Business Reorganisation	2281
Chapter 35 Concepts of Tax-planning and Specific Management Decisions	2312
Chapter 36 Specified Domestic Transactions and Provision of Transfer Pricing Applicable to Such Transactions	2331
[Chapter X, Sections 92BA, 92, 92C, 92CA, 92CB 92D, 92E & 92F]
Chapter 37 Liability in Special Cases	2343
[Chapter XV, Sections 159 to 179]
Chapter 38 Collection and Recovery of Tax	2371
[Sections 220 to 232]
Chapter 39 Miscellaneous Provisions	2387

Part II

International Taxation

Chapter 1 Taxation of Non-Residents with Special Reference to Chapters XII and XIIA of Income-tax Act	2449
Chapter 2 Double Taxation Relief	2489
[Sections 90, 90A and 91]
Chapter 3 Special Provisions Relating to Avoidance of Tax and General Anti-Avoidance Rules (GAAR) (Transfer Pricing Provisions for International Transactions and Other Provisions relating to Avoidance of Tax)	2508
[Chapter X, Sections 92 to 92F, 93, 94A, 94B and 95 to 102]
Chapter 4 Advance Rulings	2564
[Sections 245N to 245V]
Chapter 5 Equalisation Levy	2581
[Chapter VIII of the Finance Act, 2016]
Chapter 6 Overview of Model tax Conventions	2593
Chapter 7 Application and Interpretation of Tax Treaties	2647
Chapter 8 Fundamentals of Base Erosion and Profit Shifting	2662
Appendix 1 Depreciation Table	2695
Appendix 2 Table of rates at which depreciation is admissible for power generation business	2705
Appendix 3 Notification No. 29/2018 dated 22.6.2018	2707

About the Author

Dr. Girish Ahuja & Dr. Ravi Gupta

Dr. Girish Ahuja did his graduation and post-graduation from Shri Ram College of Commerce, Delhi and was a position holder. He was awarded a Ph.D. degree by Faculty of Management Studies (FMS), Delhi University. He is a Fellow of the Institute of Chartered Accountant of India (ICAI) and was a rank holder of both Intermediate and Final examinations of the Institute. He had been nominated by the Government of India as a member of the Task Force for redrafting the Income-tax Act and New Income-tax Law. He is also on the Board of Directors of many reputed companies and has a vast and rich experience in the field of finance and taxation. He has been nominated by the Government of Directors of UNITECH LTD with the approval of the Supreme Court to Board and was also been nominated by the Govt. of India as Independent Director of the Central Board of State Bank of India. Dr. Ahuja is a author of various books on Direct Taxation and he has addressed more than 5000 seminars organized by the ICAI, ICSI, ICWAI, Chambers of Commerce.

Dr. Ravi Gupta did his graduation and post-graduation from Shri Ram College of Commerce. Thereafter, he did LL.B. from Delhi University and MBA (Finance) from Faculty of Management Studies, Delhi. He has been awarded a Ph.D. degree in International Finance by the Delhi University. He had been a faculty member at Shri Ram College of Commerce (Delhi University). He is an advocate and leading consultant at Delhi NCR and also has vast practical experience in handling tax matters of trade and industry. He has been appointed by the Government of India as a member of the Committee consututed for Simplification of Income Tax Act. He is also a Central Council member of ICAI (Government of India Nominee) and on the Board of various reputed companies. He is a co-author of various books on Income-tax. He has addressed more than 3000 seminars on Direct Taxes organized by ICAI, Chambers of Commerce, Universities, etc.

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