Contents PAGE u
A few words from the authors
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About the authors
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Section-wise Index Amendments at a glance Gist of relevant Circulars, Clarifications and Notifications issued during January 1, 2010 to February 2022 Gist of landmark rulings of Supreme Court/High Courts [2010 - Feb. 2022]
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1 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20.
22. 23. 24. 25. 26. 27. 28. 29.
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Basic concepts
Assessment year Previous year Person Assessee Charge of income-tax Income Gross total income Total income and tax liability Agricultural income Difference between exemption and deduction Assessment Definition of “manufacture” Capital asset Company Fair market value Capital receipts vs. Revenue receipts Capital expenditure vs. Revenue expenditure Method of accounting Definitions of amalgamation, demerger, infrastructure capital company and infrastructure capital fund Rules of interpretation
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I-23 I-29
1 1 5 6 6 7 17 21 23 23 23 24 24 24 24 24 31 31 32 33
Residential status and tax incidence
What is relevance of residential status Residential status - General norms Residential status of an individual Residential status of a Hindu undivided family Residential status of the firm and association of persons Residential status of a company Residential status of “every other person” Relation between residential status and incidence of tax
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47 47 48 56 57 58 62 62
