Master Guide To Income Tax Act – 2021


  • Edition : 31st Edition
  • Date of Publication : April 2021


Taxmann’s Master Guide to Income Tax Act, is a unique book that provides the following:

  • Section-wise commentary on the Finance Act 2021
  • Ready-referencer for all-important procedural aspects of the Income-tax Act.
  • Section-wise Digest of landmark rulings
  • Section-wise gist of all circulars and notifications which are still in force

The Present Publication is the 31st Edition, amended by the Finance Act 2021 & the Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Act, 2020. This book is authored by Pradeep S. Shah & Rajesh S. Kadakia, with the following noteworthy features:

  • [Division 1 | Commentary]: Section-wise commentary on changes made by the Finance Act, 2021
    • Definitions
    • Taxation of Unit Linked Insurance Policy (ULIPs)
    • Tax Incentive for Units Located in International Financial Services Centre (IFSC)
    • Exemptions
    • Taxation of Charitable Trusts
    • Business Income
    • Capital Gains
    • Carry Forward of Losses
    • Deductions
    • Return and Assessment of Income
    • TDS
    • Discontinuation of Income-tax Settlement Commission
    • Constitution of Dispute Resolution Committee (Section 245MA)
    • Board for Advance Rulings (Chapter XIX-B)
    • Miscellaneous
  • [Division 2 | Income Tax Practice Manual]:
    • Tabular presentation of all key provisions of the Act, i.e.:
      • Tax-Free Incomes
      • Deductions & Allowances
      • Periods of Limitation
      • Penalties
      • Offences and Prosecutions
    • Analysis of all procedural aspects of the Act, i.e.:
      • Deduction of tax at source
      • Collection of tax at source
      • Return of income
      • Assessment/reassessment
      • Rectification of mistakes
      • Payment of tax/interest & refund of taxes
      • PAN & Aadhaar
      • Statements of Finance Transactions (SFT)
      • Advance Tax
      • Interest and Fees
      • Refunds
      • Faceless Proceedings
  • [Division 3 | Gist of all Circulars, Clarifications & Notifications (1961 – February 2021)with Section & Alphabetical key for easy navigation
  • [Division 4 | Digest of all Landmark Rulings (1922 – February 2021)with Section & Alphabetical keys for easy navigation
  • Also available in Taxmann’s Virtual Book Format (An e-Book Initiative for un-interrupted reading experience). Click here to know more
  • Also available [28th Edition | 2021] Taxmann’s Master Guide to Income Tax Rules – In depth rule-wise commentary along with gist of all Circulars & Notifications and judicial precedents.


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