Preface

5

Why Grow Old?

7

Detailed contents

11

Taxation of Unit Linked Insurance Plan – FA 2021

30

1

Income Tax Rates

1

2

Income from Salaries

17

3

Income from House Properties

39

4

Profits and Gains from Business Or Profession

47

5

Business Deductions under Chapter VIA & 10AA

135

6

Income Computation and Disclosure Standards (ICDS)

155

7

Alternate Minimum Tax

198

8

Assessment of Partnership Firms

203

9

Chapter VI-A Deductions

213

10

Capital Gains

225

11

Income from Other Sources

352

12

Set Off and Carry Forward of Losses

363

13

Clubbing Provisions

381

14

Assessment Procedure

392

15

Rectification, Appeal & Revision

482

16

Recovery Proceedings

498

17

Authority of Advance Ruling and Dispute Resolution

504

18

Penalties and Prosecution

518

19

Refund Provisions

559

20

Special Tax Rates for Companies

563

21

Alternative Tax Regime

585

22

Co-operative Society and Producer Companies

606

23

Taxation of Dividend

612

24

Surrogate Taxation

620

25

Trust Taxation

645

26

Hindu Undivided Family

709

27

Association of Person (AOP) & Body of Individual (BOI)

710

28

Liabilities In Special Cases

714

29

Tax Deducted at Source

723

30

Tax Collected at Source

778

31

Advance Tax & Interest

790

32

Non Resident Taxation

795

33

Taxation of NR Sportsman

845

34

Double Taxation Relief

847

35

Miscellaneous Provisions

867

36

Equalization Levy

871

37

Transfer Pricing

879

38

Non Resident Taxation for Capital Gain

937

39

Miscellaneous Provisions of International Taxation

954

40

General Anti-Avoidance Rules (GAAR)

980

41

Appendices

1001