Master Guide To Income Tax - As amended by the Finance Act, 2017

Master Guide to Income Tax Act is a concise commentary on the provisions of the Income-tax Act, 1961. The book attempts to trace the evolution of income tax law in India from 1860 to 1961, provides insights into the taxing powers of the State as laid down in the Constitution of India and discusses concepts crucial to the understanding of income tax law. A comprehensive and integrated commentary on the law, which has gone through numerous contentious amendments over the last fifty years, has been presented in a convenient and easily navigable structure making it a unique presentation. It augments the existing literature on the subject and promises to be a valuable resource for both experienced and aspiring tax professionals.

Salient Features:

• Concise commentary on the provision of the Income Tax Act, 1961 as amended by the Finance Act 2017
• Detailed analysis of provisions of Finance Act, 2017 in Part D of the book
• Covers all relevant Circulars, Notifications as issued till March 2017
• The Law has been summarised in simple language with tabular presentation
• Each chapter provides Statutory scheme, Important notifications & Circulars in brief for easy reference
• Each chapter is covers Important case laws in brief, & reconciles the law with judicial interpretationSalient Features:
• Concise commentary on the provision of the Income Tax Act, 1961 as amended by the Finance Act 2017
• Detailed analysis of provisions of Finance Act, 2017 in Part D of the book
• Covers all relevant Circulars, Notifications as issued till March 2017
• The Law has been summarised in simple language with tabular presentation
• Each chapter provides Statutory scheme, Important notifications & Circulars in brief for easy reference
• Each chapter is covers Important case laws in brief, & reconciles the law with judicial interpretation