Taxmann Direct Taxes Law & Practice Professional Edition By Dr. Vinod K Singhania Dr. Kapil Singhania Edition August 2024

Taxmann Direct Taxes Law & Practice By Vinod K Singhania

Taxmann Direct Taxes Law & Practice By Vinod K Singhania

Description

Direct Taxes Law & Practice is a comprehensive and authoritative commentary on direct tax law, recognized for over two decades as a trusted resource for tax professionals. This professional edition is designed to explain the complexities of direct tax law and equip practitioners to apply these provisions effectively in real-world scenarios. The book is essential for those who need to understand the intricacies of the law.

It is tailored for experienced tax practitioners, chartered accountants, legal professionals, tax officers, and others; this book is particularly beneficial for those involved in the practice of Income-tax, International Tax, Transfer Pricing, and other areas of direct tax. It provides a thorough and up-to-date resource that is both practical and analytical.

The compendious and complex nature of direct tax law presents significant challenges for practitioners who must understand the theoretical aspects and apply these laws in practice. This book is invaluable in providing:

• Familiarity with the key provisions of direct taxes
• Awareness of the nature, scope, and implications of these provisions
• Up-to-date Knowledge of how statutory provisions have been interpreted by various courts, ensuring that practitioners are well-equipped with the latest legal perspectives

The Present Publication is the Latest Edition for Assessment Years 2024-25 & 2025-26, authored by Dr Vinod K. Singhania & Dr Kapil Singhania, incorporating all the amendments made by the Finance (No. 2) Act 2024. The salient features of this book are as follows:

• [Thoroughly Revised] The text has been updated and revised to enhance readability, ensuring that complex topics are presented in a user-friendly manner, making it an essential companion for practitioners who require quick, reliable information
• [Lucid & Precise Explanations] The treatment of each topic is clear, to the point, and painstakingly arranged in numbered paragraphs and sub-paragraphs. This format enhances readability, making it easier for practitioners to understand the content. The commentary also provides practical application advice, providing illustrations and examples that clarify how legal principles work in practice
• [Comprehensive Coverage] The book provides an exhaustive analysis of all relevant provisions of the Income-tax Act, supported by the latest judicial pronouncements, circulars, notifications, and rules. Over 600 illustrations supplement the theoretical discussions, offering practical examples that help clarify complex issues, making the study of direct taxes simpler and more approachable
• [Integrated Analyses] This edition integrates the analyses from various sources, including:
  • Income-tax Act, 1961
  • Income-tax Rules, 1962

• • Frequently asked questions for complex provisions
  • Section-wise Gist of Relevant Circulars, Clarifications and Notifications issued from January 2016 to June 2024
  • Section-wise Digest of all Landmark Rulings by the Apex Court and High Courts from 2016 to June 2024

• [Tax Planning Guidance] Strategic tax planning hints are provided throughout the book, indicating where tax planning can be effectively implemented to optimize tax liabilities
• [Latest Amendments & Judicial Interpretations] The book includes all the latest circulars, notifications, amendments, and case laws, ensuring that practitioners are up-to-date with recent legal developments. It highlights recent citations of court rulings, providing a comprehensive view of the law’s current state
• [User-Friendly Navigation] Equipped with a detailed alphabetic subject index and a list of cases, this book allows practitioners to quickly find the relevant discussion or ruling. The section-wise gist of relevant circulars and notifications further enhances its utility as a reference tool
• [Bestseller Legacy] As part of Taxmann’s renowned bestseller series, this book has consistently been the top choice for professionals seeking reliable and up-to-date tax commentary
• [Zero Error Commitment] Adhering to Taxmann’s rigorous Six Sigma approach, this edition strives to meet the highest standards of accuracy, ensuring a ‘Zero Error’ benchmark in its commentary

About the author

Vinod K. Singhania

Dr Vinod K. Singhania earned his PhD from the prestigious Delhi School of Economics in 1976. Dr Singhania has become a leading authority in his field, having expertise in corporate legislation and corporate economics, particularly in tax laws.

Over the years, he has been associated with numerous professional institutes and business organizations in India and internationally, contributing his expertise in various capacities.

A prolific author, Dr Singhania has penned numerous widely acclaimed books and developed software, all published by Taxmann. His scholarly contributions include over 300 research articles featured in prominent journals. Additionally, he has served as a resource person in more than 800 seminars worldwide, sharing his knowledge and insights with a global audience.

Kapil Singhania

Dr. Kapil Singhania is a distinguished Fellow of the Institute of Chartered Accountants of India and an esteemed alumnus of Shri Ram College of Commerce. He earned his PhD in 2003, conducting extensive research in corporate laws and direct and indirect taxation.

Dr Singhania has authored several highly regarded books on taxation published by Taxmann. His expertise extends to providing tax consultancy services to various business organizations, including multinational corporations and public sector companies. His contributions to the field are also reflected in numerous articles and analytical studies published in reputed journals.