Bharat’s Direct Taxes Manual (3 Volumes) as Amended by The Finance Act, 2023 – 31st Edition 2023.

Bharat’s Direct Taxes Manual (3 Volumes) as Amended by The Finance Act, 2023 – 31st Edition 2023.

About Direct Taxes Manual (3 Volumes)

Volume 1

1. Income-tax Act, 1961
Text of sections
Chronological list of Amendment Acts
SUBJECT INDEX
Appendix 1: Important Circulars and Notifications
Appendix 2: The Finance Act, 2023
Income Tax
The First Schedule: Rates of Taxes
Part I: Income Tax
Part II: Rates for Deduction of Tax at Source in Certain Cases
Part III: Rates for Charging Income-tax in Certain Cases, Deducting Income-tax from Income Chargeable under the Head “Salaries” and Computing “Advance Tax”
Part IV: Rules for Computation of Net Agricultural Income
Appendix 3: Extended Due Dates
2. Securities Transaction Tax
Text of Sections
3. Commodities Transaction Tax
Text of Sections
4. Equalisation Levy
Text of Sections
5. Limited Liability Partnership Act, 2008
Text of Sections
6. Prohibition of Benami Property Transactions Act, 1988
Text of Sections
7. Kar Vivad Samadhan Scheme, 1998
8. Direct Tax Vivad Se Vishwas Act, 2020
Text of Sections
9. Public Provident Fund Act, 1968

Volume 2

DIVISION ONE
INCOME TAX & ALLIED RULES
1.The Income-tax Rules, 1962
Chronological list of amendments
2.The Income-tax Rules, 1962
Text of Rules and Forms
Subject Index
ANNEXURE 1: Income Computation and Disclosure Standards
A.Income Computation and Disclosure Standard I relating to accounting policies
B.Income Computation and Disclosure Standard II relating to valuation of inventories
C.Income Computation and Disclosure Standard III relating to construction contracts
D.Income Computation and Disclosure Standard IV relating to revenue recognition
E.Income Computation and Disclosure Standard V relating to tangible fixed assets
F.Income Computation and Disclosure Standard VI relating to the effects of changes in foreign exchange rates
G.Income Computation and Disclosure Standard VII relating to government grants
H.Income Computation and Disclosure Standard VIII relating to securities
I.Income Computation and Disclosure Standard IX relating to borrowing costs
J.Income Computation and Disclosure Standard X relating to provisions, contingent liabilities and contingent assets
Circular No. 10/2017, dated 23-3-2017: Clarifications on Income Computation and Disclosure Standards (ICDS) notified under section 145(2) of the Income-tax Act, 1961
3.The Income-tax (Certificate Proceedings) Rules, 1962
Text of Rules and Forms
Chronological list of amendments
Subject Index
4.The Income-tax (Appellate Tribunal) Rules, 1963
Text of Rules and Forms
Chronological list of amendments
CBDT Instruction: Revision of monetary limits for filing of appeals by the department before Income-tax Appellate Tribunal, High Courts and Supreme Court — Measures for reducing litigation — Regarding
Instructions regarding e-payment of ITAT fees
Subject Index
5.Income-tax (Dispute Resolution Panel) Rules, 2009
Text of the Rules
6.The Income-tax Settlement Commission (Procedure) Rules, 1997
Text of the Rules
7.The Authority for Advance Rulings (Procedure) Rules, 1996
Text of the Rules
8.Securities Transaction Tax Rules, 2004
Text of the Rules
9.Commodities Transaction Tax Rules, 2013
Text of the Rules
10.Equalisation Levy Rules, 2016
Text of the Rules
11.Prohibition of Benami Property Transaction Rules, 2016
Text of the Rules
12.Direct Tax Vivad se Vishwas Rules, 2020
Text of the Rules
DIVISION TWO
RELEVANT SCHEMES
13.Reverse Mortgage Scheme, 2008
[For purposes of section 47(xvi)] Text and Forms of the Scheme
14.Capital Gains Accounts Scheme, 1988
[For purposes of sections 54(2), 54B(2), 54D(2), 54F(4) and 54G(2)] Text and Forms of the Scheme
Notification: Banks authorised to receive deposits under the scheme
15.Bank Term Deposit Scheme, 2006
[For purposes of section 80C(2)(xxi)] Text and Forms of the Scheme
16.National Pension Scheme Tier II – Tax Saver Scheme, 2020
Text of the Scheme
17.Centralised Verification Scheme, 2019
Text of the Scheme
18.Centralised Processing of Returns Scheme, 2011
[For purposes of section 143(1A)] Text of the Scheme
19.Faceless Assessment Scheme, 2019
(1) Faceless Assessment Scheme, 2019 u/s 143(3A)
(2) Directions under section 143(3B) for Faceless Assessment Scheme, 2019
(3) Conduct of assessment proceedings through “E-Proceeding” facility during financial year 2019-20 — regarding: Circular No. 27 of 2019, dated September 26, 2019
(4) Income-tax Authority of Regional e-Assessment Centres
(5) Income-tax Authorities of NaFC to exercise powers and functions of Assessing Officer
(6) Income-tax Authorities of Regional Faceless Assessment Centres to Exercise powers and functions of Assessing Officers
(7) Authorising (ReFAC)(VU) to exercise certain powers
20.Tax Return Preparer Scheme, 2006
Text of the Scheme
21.Faceless Appeal Scheme, 2021
(1)Faceless Appeal Scheme, 2021 under section 250(6B) and (6C)
(2)Authorised Income-tax Authorities to conduct e-appeal proceedings
22.Faceless Penalty Scheme, 2021
(1) Faceless Penalty Scheme, 2021
(2) Directions under section 274(2B) for Faceless Penalty Scheme, 2021
23.E-advance Rulings Scheme, 2022
24e-Verification Scheme, 2021
25 Income Computation and Disclosure Standards
(See Annexure 1 to Income-tax Rules, 1962, page 2.1007)
26Limited Liability Partnership Rules, 2009
Text of the Scheme

Volume 3

Division 1
Definitions under various enactments
Definitions under various enactments
Division 2
Interpretation of Statutes
Chapter 1Interpretation of Taxing Statutes
Chapter 2 General Principles of Interpretation
Division 3
Words and Phrases under Direct Taxes
A.  Income-tax Act, 1961
B.  Wealth-tax Act, 1957
C.  Gift-tax Act, 1958
D.  Interest-tax Act, 1974
E.  Expenditure-tax Act, 1987
F.Direct Tax Vivad Se Vishwas Act, 2020
Division 4
Supreme Court & High Courts on Income Tax
Supreme Court & High Courts on Income Tax
Division 5
CBDT Circulars & Government Notifications
AIncome-tax Act, 1961
BWealth-tax Act, 1957
CExpenditure-tax Act, 1987
DBanking Cash Transaction Tax
Division 6
Model Deeds
Model Deeds
Division 7
Allied Laws Referred to in Direct Taxes Acts/Rules
Allied Laws Referred to in Direct Taxes Acts/Rules

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