- This concise commentary on the income-tax law is the first attempt of its kind and has been written in a unique, simple, easy to understand language that enables a quicker grasp for the reader.
- Each topic is discussed in a lucid manner and is explained through examples and illustrations.
- The entire text is arranged in a logical sequence and contains all important judicial pronouncements as well as the circulars, notifications, etc., which are issued by the Department from time to time. The latest important case laws as well as the Departmental instructions issued upto November, 2009 have been included.
- The book contains law as amended by the Finance (No. 2) Act, 2009. It also gives the effect of CII for F.Y. 2009-10. The chapter on Salaries explains the effect of the abolition of FBT and the consequent introduction of the new rules for valuation of perquisites w.r.e.f. 1-4-2009.
- Another unique feature of this book is that it provides very useful tips for tax planning which will be of immediate use for the readers.
- The book will be found useful by chartered accountants, company secretaries, advocates, tax consultants, income-tax practitioners, officials of the revenue department, corporate tax executives and by any and everyone dealing with direct taxes.
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