This book is a complete treatise on the provisions of Income-tax Act, 1961 connected to computation of total income of Indian companies for assessment year 2017-18 and 2018-19. The book will be useful for taxpayers, tax officials, professionals, and those involved in understanding issues related to corporate taxation.
Contains relevant legislative history from Assessment Year 2013-14 onwards
In-depth analysis of highly debatable issues with latest decisions of the Supreme Court
Provisions and special provisions of multiple chapters of the act in respect to each of the heads of income are brought together
Special and overriding provisions of the act, relevant rules, provisions of other statutes, circulars and notifications placed at relevant places
Special provisions applicable to business of insurance, shipping and development of patents analysed in an independent chapter
Separate chapter for specific provisions applicable to banks, financial and non banking financial corporations
Separate parts, on analysis of provisions applicable to all the heads of income and on special provisions related to tax on certain domestic companies and minimum alternate tax
Important circulars and notifications issued by Central Board of Direct Taxes including on income computation and disclosure standards, till march 2017 have been incorporated.