Contents

PART A : STUDY OF DIRECT TAYES

1. Tax rates for the assessment years 2023-24 and 2024-25
2. Amendments at a glance
3. Alternative tax regime
4. Income Computation and Disclosure Standards
5. Tax rates for the last ten assessment years
6. Gold and silver rates for the current year, last ten assessment years and on April 1, 1981/April 1,2001
7. Tax saving schemes at a glance
8. Rates of depreciation
   • Under the Income-tax Act
   • For the assessment year 2006-07 onwards
   • For power generating units from the assessment year 1998-99
   • Under the Companies Act, 2013
9. Deductions and allowances under the Income-tax Act
10. Provisions of sections 44D, 44DA and 115A in brief
11. Cost Inflation Index
12. Interest on National Saving Certificates
13. Computation of income and tax under sections 115A, 115AB, 115AC, 115AD, 115BBA and 115D
14. Thithholding tax rates
15. Period of limitation under Income-tax Act
16. Time-limit for issue of notice during 2023-24 under section 148
17. Provisions of sections 54, 54B, 54D, 54EC, 54F, 54G, 54GA and 54H
18. New faceless proceedings regime
19. Dates with direct taxes
• Terminology
• Income from “Salaries”
• Income from house property
• Profits and gains of business or profession
• Capital gains
• Income from other sources
• Clubbing of income
• Set off of losses
• Exemptions and deductions
• Deductions from tax liability
• Agricultural income
• Return of income
• Penalty
• Interest
• Advance payment of tax
• Deduction or collection of tax at source
• How to compute tax liability
• Tax incidence on trusts
• Business trust
• Alternative Investment Funds
• Special procedure for assessment of search cases
• Tax clearance certificate
• Tonnage tax
• Securities transaction tax
• Restriction on cash transactions
• Banking cash transaction tax
• Equalisation Levy
• Dispute Resolution Scheme

PART B : TAY TABLES

• Individuals, HUFs and AOPs
• Regular tax regime
• Alternative tax regime
• Firms
• Domestic companies
• Foreign companies
• Co-operative societies
• Tax deduction at source
• Regular tax regime
• Alternative tax regime

PART C : MARKET QUOTATIONS

• GOLD AND SILVER

PART D : TAY TABLES OF PAST SIY YEARS

• Individuals, HUFs and AOPs