Taxmann’s Corporate Tax Planning & Business Tax Procedures with Case Studies by Vinod K Singhania – 25th Edition August 2021

Taxmann’s flagship publication for Corporate Tax Planning & Business Tax Procedures has been the ‘go-to guide’ for the past 24 years. The strength of this book lies in the exclusive emphasis on legitimate tax planning, which should go a long way in facilitating a viable tax-saving strategy.

This book is apt for tax planning/management students, professional consultants, officers in the tax department and taxpayers who want to familiarise themselves with different techniques to lawfully minimise their current and future tax liability

The Present Publication is the 25^th Edition, authored by Dr. Vinod K. Singhania & Dr. Monica Singhania, with the following noteworthy features:

• The book is structured in three parts, namely:
  • Part-1 covers provisions of Indian Income Tax Laws in brief
  • Part-2 covers corporate tax in India, tax planning concepts and various tax planning devices. Detailed provisions with respect to non-residents and business restructuring practices prevalent in India are also given
  • Part-3 cover business tax procedures & management, with specific details on concepts like advance tax, TDS, interest, return assessment, penalties, settlement commission and search provisions
• [Multiple Choice Question] have been included at the end of each chapter for better clarity of thought and quick revision
• [Teach-Yourself-Technique] enables the reader to grasp issues without any further assistance
• [Well-Thought-Out-Original-Problems] are included along with analytical discussions on each para with distinct numbers
• This book is amended as per the following:
  • The legal position stated in this book is amended up to 18^th August 2021
  • Law applicable for the assessment years 2021-22 and 2022-23 is given
  • Tax planning problems/case studies are based upon the law applicable for the assessment year 2022-23
  • Other practical problems are solved as per the law applicable for the assessment year 2021-22

The detailed contents of the book are as follows:

• Income-tax Law in Brief
• Corporate Tax Planning
  • Tax Planning, Tax Management, Tax Avoidance, Tax Evasion
  • Corporate Tax in India
    • Definitions
    • Residential Status and Tax Incidence
    • Taxation of Companies
  • Tax Planning with Reference to Specific Business Decisions
    • Tax Planning with Reference to New Business – Location of a Business
    • Tax Planning with Reference to New Business – Nature of Business
    • Tax Planning with Reference to New Business – Form of Organisation
    • Tax Planning with Reference to Financial Management Decisions
    • Tax Planning with Reference to Managerial Decisions
    • Tax Planning in Respect of Employees’ Remuneration
    • Tax Planning with Reference to Sale of Scientific Research Assets
    • Tax Planning with Reference to Receipt of Insurance Compensation
    • Tax Planning with Reference to Distribution of Assets by Companies in Liquidation
  • Non-Resident
    • Tax Planning in Respect of Non-Resident
    • Double-Taxation Relief
    • Transfer Pricing
    • Advance Rulings for Non-Residents
  • Business Restructuring
    • Restructuring Business
    • Amalgamation
    • Demerger
    • Conversion of Sole Proprietary Business or Firm into Company
    • Slump Sale
    • Transfer of Assets between Holding and Subsidiary Companies
    • Conversion of Company into Limited Liability Partnership
• Business Tax Procedure and Management
  • Advance Tax, TDS and Interest
    • Advance Payment of Tax
    • Deduction/Collection of Tax at Source and e-TDS Returns
    • Interest Payable by Assessee/Government
    • Refund of Excess Payments
  • Return, Assessment, Penalties, Settlement Commission and Search
    • Return/Assessment of Income
    • Appeals, Revisions, References
    • Penalties and Prosecution
    • Settlement Commission and Dispute Resolution Committee
    • Search, Seizure and Assessment