Handbook on Direct Taxes

CONTENTS

FAST TRACK REFERENCER

FTR 1 Tax Rates for Last Ten Assessment Years F 1.1

FTR 2 Amendments by Finance Act, 2023 F 2.1

FTR 3 Due Dates for Direct Taxes F 3.1

FTR 4 Special Rates under the Income Tax Act, 1961 F 4.1

FTR 5 TDS & TCS Rates for Financial Year 2023–2024 F 5.1

FTR 6 Investment Planner for Financial Year 2023–2024 F 6.1

FTR 7 Forms under Income Tax Rules, 1962 F 7.1

FTR 8 Heads of Income and Deductions F 8.1

FTR 9 Limitation of Time F 9.1

FTR 10 Depreciation Rates under Income Tax Rules, 1962 F 10.1

FTR 11 Depreciation Rates under Schedule II of The Companies Act, 2013 F 11.1

FTR 12 Gold and Silver Rates F 12.1

CHAPTERS

1 Basic Concepts in Income Tax Law 1.1 to 1.14

2 Residential Status 2.1 to 2.22

3 Exemptions under the Income Tax Act, 1961 3.1 to 3.52

4 Salaries 4.1 to 4.38

5 Income from House Property 5.1 to 5.10

6 Profits and Gains of Business or Profession 6.1 to 6.92

7 Capital Gains 7.1 to 7.56

8 Income from Other Sources 8.1 to 8.24

9 Income of Other Persons included in Assessee’s Total Income 9.1 to 9.4

10 Set off and Carry Forward of Losses 10.1 to 10.8

11 Deductions under Chapter VI–A 11.1 to 11.50

12 Rebates and Relief for Salaried Employees 12.1 to 12.6

13 Agricultural Income 13.1 to 13.6

14 Taxation of Individuals 14.1 to 14.8

15 Taxation of HUF 15.1 to 15.6

16 Taxation of Partnership Firm 16.1 to 16.10

17 Taxation of LLP 17.1 to 17.4

18 Taxation of Companies 18.1 to 18.42

19 Taxation of AOP 19.1 to 19.6

20 Taxation of Co–operative Society 20.1 to 20.10

21 Taxation of Charitable Trust 21.1 to 21.28

22 Taxation of Private Trust 22.1 to 22.2

23 Taxation of Non–Residents 23.1 to 23.26

24 Taxation of International Transactions – Transfer Pricing 24.1 to 24.28

25 Double Taxation Avoidance Agreement 25.1 to 25.12

26 Taxation of Mutual Associations 26.1 to 26.2

27 Special Provisions relating to Avoidance of Tax 27.1 to 27.12

28 Tax Deduction at Source 28.1 to 28.80

29 Advance Tax, Collection and Recovery of Tax. 29.1 to 29.14

30 Interest 30.1 to 30.8

31 Refunds 31.1 to 31.6

32 Penalties and Prosecutions 32.1 to 32.34

33 Income Tax Authorities 33.1 to 33.10

34 Assessment Procedure – Duties of Assessee 34.1 to 34.42

35 Assessment Procedure – Powers of the Department 35.1 to 35.20

36 Assessment Procedure – Various Assessments 36.1 to 36.26

37 Assessment Procedure – Income Escaping Assessment 37.1 to 37.14

38 Assessment Procedure – Search Assessment 38.1 to 38.16

39 Faceless Assessment, Appeals, Penalty 39.1 to 39.46

40 Liability in Special Cases 40.1 to 40.6

41 Settlement Commission 41.1 to 41.34

42 Rectification and Revision 42.1 to 42.8

43 Appeals to Various Authorities 43.1 to 43.18

44 Authority for Advanced Rulings 44.1 to 44.18

45 The Wealth Tax Act, 1957 45.1 to 45.22

QUICK REFERENCER ON ALLIED LAW

Allied Law 1 Securities Transactions Tax A.1

Allied Law 2A Commodities Transaction Tax [As per Finance Act, 2013] A.6

Allied Law 2B Commodities Transaction Tax [For A.Y. 2009–2010 only] A.11

Allied Law 3 Fees Payable under Companies Act, 2013 A.15

Allied Law 4 Forms under the Companies Act, 2013 A.23

Allied Law 5 Accounting Standards of ICAI A.30

Allied Law 6 Income Computation and Disclosure Standards (ICDS) A.37

TAX REFERENCER TABLES

Tax Referencer for Individuals, HUF, AOP or BOI TR.1

Tax Referencer for Firms TR.23

Tax Referencer for Domestic Companies TR.30