Taxmann Direct Taxes Manual (Set of 3 Volumes) With Return Forms Edition March 2023

This book covers the Amended, Updated & Annotated text of the following:

• Income-tax Act, 1961 & 5+ Allied Acts
• Income-tax Rules, 1962 & 20+ Allied Rules
• Gist of Landmark Rulings from 1922
• Direct Taxes Law Lexicon
• Circulars & Notifications from 1961
• 15+ Schemes
• 25+ Models & Drafts

This book comes in a set of three volumes that incorporates all changes made by the following:

• Volume One | Acts – Amended by the Finance Act, 2023 
• Volume Two | Rules – Updated till the Income Tax (Second Amendment) Rules, 2022
• Volume Three | Landmark Rulings, Circulars, Clarifications, Notifications, etc. – Amended/Updated up to February 2022

The Present Publication is the 53nd Edition, authored by Taxmann’s Editorial Board, with the following volume-wise noteworthy features:

Volume One | Acts

• [Annotations] under each section shows:
• Relevant Rules & Forms
• Relevant Circulars & Notifications
• Date of enforcement of provisions
• Allied Laws referred to in the section
• [Legislative History of Amendments] since 1961
• Comprehensive Table of Contents
• [Quick Navigation] Relevant section numbers are printed in folios for quick navigation

Volume Two | Rules

• [Action Points for Forms] All Forms carry Action Points that explain the Relevant Provisions and Process of Filing
• [Quick Identification for Redundant & e-Forms]

Volume Three | Landmark Rulings, Circulars, Clarifications, Notifications, etc.

• [15+ Schemes] relevant under the Income-tax Act
• [Words & Phrases] as defined by various Courts
• [Circulars, Clarifications & Notifications | 1961 – February 2023] Gist of all Circulars and Notifications which are in force
• [Case Laws | 1922 – February 2022] Digest of all Landmark Rulings by the Supreme Court, High Courts
• [25+ Models & Drafts] helpful in your day-to-day practice
• [Bestseller Series] Taxmann’s series of Bestseller Books for more than Five Decades
• [Zero Error] Follows the Six Sigma Approach to achieve the benchmark of ‘Zero Error’

The volume-wise coverage of this book is as follows:

• [Acts] The following Acts are covered in this book:
• Income Tax Act, 1961 as amended by the Finance Act 2023  It also includes the text of provisions of allied Acts, Circulars, Regulations referred to in the Income-tax Act along with validation provisions & subject-index
• Finance Act 2023
• Prohibition of Benami Property Transactions Act, 1988 as amended up to date
• Securities Transaction Tax as amended up to date
• Commodities Transaction Tax
• Equalisation Levy as amended up to date along with Notification u/s 164 of the Finance Act, 2016
• Black Money Act
• Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015
• Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Rules, 2015

[Rules] The following Rules are covered in this book:

• Income-tax Rules, 1962 amended up to date with a list of e-Forms & text of provisions of Allied Laws referred to in Income-tax Rules
• Income Computation and Disclosure Standards
• Income-tax (Appellate Tribunal) Rules, 1963
• Standing Order under Income-tax (Appellate Tribunal) Rules 1963
• Other Notifications & Instructions
• Income-tax Appellate Tribunal Members (Recruitment and Conditions of Service) Rules 1963
• Commodities Transaction Tax Rules, 2013
• Securities Transaction Tax Rules, 2004 as amended up to date
• Authority for Advance Rulings (Procedure) Rules, 1996
• Prohibition of Benami Property Transaction Rules, 2016
• Equalisation Levy Rules, 2016
• Capital Gains Accounts Scheme, 1988
• Electoral Trusts Scheme, 2013
• Income-tax (Dispute Resolution Panel) Rules, 2009
• CBDT’s Instructions for waiver or reduction of interest under Section 234A/234B/234C
• Condonation of delay in Filing Refund Claim with condonation of delay in filing refund claim and claim of carry forward of losses under section 119(2)(b) of the Income-tax Act
• Reverse Mortgage Scheme, 2008
• Centralised Verification Scheme, 2019
• Faceless Assessment Scheme, 2019 with Directions
• Faceless Appeal Scheme, 2021
• Faceless Penalty Scheme, 2021 with Directions
• National Pension Scheme Tier II – Tax Saver Scheme, 2020
• Centralised Processing of Returns Scheme, 2011
• Application of provisions of Act relating to the processing of Returns
• e-Settlement Scheme, 2021
• e-Verification Scheme, 2021
• e-Advance Rulings Scheme, 2022
• Relaxation of Validation (Section 119 of the Finance Act 2012) Rules, 2021

[Landmark Rulings, Direct Taxes Law Lexicon, Circulars, Clarifications & Notifications, and Schemes/Modules & Drafts] are included:

• [15+ Schemes] relevant under the Income-tax Act, 1961, are included:
• Income Tax Informants Rewards Scheme, 2018
• Hospitalisation and Domiciliary Hospitalisation Benefit Policy
• Settlement Commission (Income-tax and Wealth-tax) (Recruitment and Conditions of Service of Chairman, Vice-Chairmen and Members) Rules, 2015
• Income-tax Welfare Fund Rules, 2007
• Guidelines for Providing Training by Shipping Companies for Tonnage Tax Scheme under Chapter XII-G of Income-tax Act
• Equity Linked Savings Scheme, 2005
• Income Tax Ombudsman Guidelines, 2010
• Authority for Advance Rulings (Procedure for Appointment as Chairman and Vice-Chairman) Rules, 2016
• Electoral Bond Scheme, 2018
• Prohibition of Benami Property Transactions (Conditions of Services of Members of Adjudicating Authority) Rules, 2019
• Tribunals Reforms Act, 2021
• Conditions of Service of Chairperson and Members of Tribunals, Appellate Tribunals and other Authorities
• Tribunal (Conditions of Service) Rules, 2021
• Direct Tax Vivad se Vishwas Act, 2020
• Direct Tax Vivad se Vishwas Rules, 2020

[Words & Phrases] as defined by various Courts

• Section key to Words and Phrases judicially defined under Income-tax Act
• Alphabetical key to Words and Phrases judicially defined under Income-tax Act

[Circulars, Clarifications & Notifications | 1961 – February 2022] Gist of all Circulars and Notifications which are in force

[Case Laws | 1922 – February 2022] Digest of all Landmark Rulings by the Supreme Court, High Courts

[25+ Models & Drafts]

• Partnership deed
• Specimen of dissolution deed of partnership firm
• Specimen deed of dissolution of HUF
• Gift deed
• Will
• Lease Deed
• Indemnity Bond-I
• Indemnity Bond-II
• Specimen affidavit
• Specimen letter of communication with the previous auditor
• Power of attorney
• Intimation to AO regarding discontinuance of business
• Letter to AO regarding giving of appeal effect
• Application to AO requesting stay of demand
• Letter to AO regarding setting off of tax payable against the refund due
• Reply to notice under section 221(1)
• Specimen affidavit under rule 10 of the Income-tax (Appellate Tribunal) Rules
• Specimen application to Appellate Tribunal for admission of delayed appeal
• Specimen application for rectification of mistake
• Specimen application for revision under section 264
• Specimen application for the exercise of option under clause (2) of the Explanation to section 11(1)
• Draft Letter of Appointment
• Specimen letter for seeking adjournment for video conferencing in faceless assessment
• Specimen letter to submit information in the course of faceless assessment proceeding
• Specimen application for condonation of delay in filing of Appeal before CIT (Appeals)
• Specimen Application for Admission of Additional evidence in an Appeal
• Specimen deed to create a Family Trust (Discretionary Trust)