Direct Taxes Law & Practice | Professional Edition Vinod K. Singhania, Kapil Singhania

3,995.00 3,596.00

This book by Vinod K. Singhania & Kapil Singhania for AYs 2023-24 & 2024-25 has been the ‘go-to-guide’ for Professional Practitioners for over twenty years. It explains the law lucidly, along with its practical application. This book incorporates all amendments made by the Finance Act 2023.



Taxmann’s flagship commentary on Direct Taxes has been the most trusted & bestselling commentary for experienced practitioners for over twenty years. It aims at not only making the reader understand the law but also helping them develop the ability to apply it. In other words, this book aims at providing the reader with the following:

Acquire familiarity with the various direct tax provisions
Awareness of direct tax provisions
The nature and scope of direct tax provisions
Up-to-date knowledge of how a statutory provision has been interpreted by different courts of law on different occasions
The Present Publication is the Latest Edition for Assessment Years 2023-24 & 2024-25, authored by Dr Vinod K. Singhania & Dr Kapil Singhania, incorporating all the amendments made by the Finance Act 2023.

The salient features of this book are as follows:

[Thoroughly Revised] to make the text more reader-friendly
[Lucid & To-The-Point Explanations] which have been arranged in paras & sub-paras with distinct numbers to make the practitioners more efficient in their work
[Theoretical Discussions Supplemented by Unique 600+ Illustrations] covering an exhaustive range of issues with reference to the latest Case Laws
[Tax Planning] Hints are given wherever tax planning can be resorted to
[Coverage of Statutory & Judicial Precedents]
In-depth analysis of all provisions of the Income-tax Act with relevant Rules, Judicial Pronouncements, Circulars and Notifications
Frequently asked questions for complex provisions
Gist of relevant Circulars and Notifications issued from January 2023 to February 2023
Digest of all Landmark Rulings by the Apex Court, High Courts, and Tribunals from 2015 to February 2023
[Bestseller Series] Taxmann’s Bestseller Book for more than twenty years
[Zero Error] Follows the Six Sigma Approach to achieve the Benchmark of ‘Zero Error’
The detailed contents of the book are as follows:
Basic Concepts
Residential Status and Tax Incidence
Incomes Exempt from Tax
Income from House Property
Profits and Gains of Business or Profession
Capital Gains
Income from Other Sources
Income of Other Persons included in Assessee’s Total Income
Set off and Carry Forward of Losses
Deductions from Gross Total Income and Tax Liability
Agriculture Income
Typical Problems on the Assessment of Individuals
Tax Treatment of Hindu Undivided Families
Special Provisions Governing Assessment of Firms and Associations of Persons
Taxation of Companies
Assessment of Co-operative Societies
Assessment of Charitable and Other Trusts
Return of Income and Assessment
Penalties and Prosecution
Advance Payment of Tax
Tax Deduction or Collection at Source
Refund of Excess Payment
Appeals and Revisions
Income-tax Authorities
Settlement Commission and Dispute Resolution Committee
Special Measures in Respect of Transactions with Persons Located in Notified Jurisdictional Area
General Anti-Avoidance Rule
Advance Ruling
Search, Seizure and Assessment
Transfer Pricing
Business Restructuring
Alternative Tax Regime
Tax Planning