Book Description

This guide provides an informative framework of Indian taxes and includes commentary on the Indian tax statute, regulations and cases. Contents include: applicability of the Income tax act; basis of charge; residential status; exemption provisions; income under the head salaries; income from house property; profits and gains of business or profession; deductions from business profits; capital gains and transaction tax; income from other sources; set off and carry forward of losses; tax aspects of mergers and acquisitions and business reorganisations; other deductions; transfer pricing; presumptive taxation; taxation of non-residents and foreign corporations; international double taxation and advance ruling provisions; minimum alternate tax for companies; taxation of shipping income; fringe benefit tax; AOP, Wealth tax act. Covers tax provisions as amended by the Finance Act, 2012, tax treaty provisions under each head of income and case law analysis of nearly 190 cases.