Taxmann Direct Taxes Ready Reckoner Asst. Years 2023-24 & 2024-25 47th Edition

Description

The Present Publication is the 47^th  Edition & has been amended by the Finance Bill 2023 as passed by the Lok Sabha for A.Y. 2023-24 & 2024-25. This book has been authored by Dr Vinod K. Singhania, with the following noteworthy features:

• [Focused Analysis] without resorting to paraphrasing of sections and legal jargons, on the following:
  • [Amendments made by the Finance Bill 2023] are duly incorporated in respective chapters and are appropriately highlighted
  • [Comprehensive Analysis of Amendments with Illustrations] are given separately in Referencer 2: Amendments at a glance
  • [Case Studies on Complex Provisions] are given to understand the implications of the new provisions and amendments in the existing provisions, including:
    • Section 43B – Consequences of making late payment to micro and small enterprises
    • Section 44AD & Section 44ADA – Increase in the threshold limits for presumptive taxation scheme
    • Section 50AA – Special provision for computation of capital gain in the case of a unit of specified mutual fund or market-linked debenture
    • Section 54 & 54F – Limit on the exemption that can be claimed
    • Section 56(2)(xiii) – Tax on the sum received under a life insurance policy
    • Section 87A – Rebate under alternative tax regime
    • Section 115BAC – Alternative Tax Regime
  • [Analysis of all Provisions of the Income-tax Act] along with relevant Rules, Case Laws, Circulars and Notifications
• [Analysis on Alternative Tax Regime] along with Break-even Tables
• [Faceless Tax Proceedings] provides the summary of all the legal provisions
• [Tabular Presentation] of all key provisions of the Income-tax Act
• [Computation of Taxes] on various slabs of income
• [Ready Referencer] for tax rates, TDS rates, TCS rates, due dates, etc.
• [Zero Error] Follows the six-sigma approach to achieve the benchmark of ‘zero error’