Taxmann Tax Practice Manual By Gabhawala & Gabhawala Edition April 2023

Taxmann Tax Practice Manual By Gabhawala Gabhawala

Taxmann Tax Practice Manual By Gabhawala Gabhawala

Description

Tax Practice Manual is an exhaustive (1,900 + pages), amended (by the Finance Act 2023) & practical guide (330+ case studies) for Tax Professionals of India.

This book will be helpful for Chartered Accountants, Lawyers/Advocates, and Tax Practitioners to assist them in their day-to-day tax work.

This book is divided into two parts:

• Law Relating to Tax Procedures, including Tax Practice (covering 25+ topics)
• 330+ Case Studies (covering 30+ topics)

The Present Publication is the 9^th Edition and has been amended by the Finance Act 2023. This book is authored by Mahendra B. Gabhawala with the following noteworthy features:

• Law Relating to Tax Procedures
• [Lucid Explanation in a Practical Manner with Checklists & Necessary Tips] for the law relating to the Tax Procedures
• [Exhaustive Coverage of Case Laws]
• [Fine Prints & Unwritten Lines] of the law are explained in a lucid manner
• Tax Practice
• [Elaborated & Threadbare Analysis] of every aspect of Tax Practice
• Case Studies
• [330+ Case Studies] to deal with real-life animated situations/problems faced by tax practitioners
• Draft Replies
• For the Notices sent by the Department
• Petitions to the Department
• Drafting & Conveyancing
• [Complete Guide to Drafting of Deeds & Documents] covering the following:
• Affidavits
• Wills
• Special Business Arrangements
• Family Arrangements
• Power of Attorney
• Lease, Rent & Leave and Licenses
• Indemnity and Guarantee
• Charitable Trust Deeds, etc.

The contents of this book are as follows:

Law Relating to Tax Procedures

• Tax Practice
• Pre-assessment Procedures
• Assessment
• Appeals
• Interest, Fees, Penalty and Prosecution
• Refunds
• Settlement Commission – ITSC, Interim Board & Dispute Resolution Committee (DRC)
• Summons, Survey, Search
• TDS and TCS
• Recovery of Tax
• Special Procedures
• Approvals
• STT, Deemed Dividend, Tax on Liquidation, Reduction and Buy Back, MAT and AMT
• RTI, Ombudsman
• Drafting of Deeds
• Agreement, MoU
• Gifts, Wills, Family Arrangements
• Power of Attorney, etc.
• Lease, Rent, License, etc.
• Sale/Transfer of Properties
• Tax Audit
• Income Computation & Disclosure Standards
• Virtual Digital Assets
• Significant Amendments by Finance Act 2023
• Prohibition of Benami Property Transactions Act 1988

Case Studies

• Tax Practice
• Pre-Assessment Procedures
• Assessment – Principles and Issues
• Rectification of Mistake
• Revision
• Appeals to JT. CIT (Appeals)/CIT (Appeals)
• Appeals to – ITAT – High Court – Supreme Court
• Interest Payable by Assessee
• Penalties
• Prosecution
• Refunds
• Dispute Resolution Panel
• Survey
• Search & Seizure
• Tax Deduction at Source
• Recovery of Tax
• Trust, Mutuality, Charity
• Firm
• LLP – Limited Liability Partnership
• Right to Information – RTI
• Agreement, MoU
• AOP – Association of Persons
• HUF – Hindu Undivided Family
• Gifts
• Wills
• Family Arrangements
• Power of Attorney
• Indemnity and Guarantee
• Lease, Rent, Leave and License
• Sale/Transfer of Properties
• Tax Audit
• Prohibition of Benami Property Transactions Act, 1988

About the author

Mahendra B. Gabhawala graduated from Banaras Hindu University and took B.Com. Degree in 1972. He completed his CA in July 1975 with the distinction of being a rank holder in the merit list.

He is a veteran in the field of Income Tax, having nearly 46 years of experience. He has appeared before the CBDT, ITSC, ITAT, CIT (Appeals), Investigation Wing, Valuation Cell, TRO and Assessing Officer. Besides, he has coordinated with Advocates for cases before the Supreme Court and High Courts.

He has been a coveted speaker at seminars, cove