This book is an in-depth publication that provides clear insights into corporate tax planning and business tax procedures in India. It strongly emphasises legitimate tax planning techniques, ensuring readers are equipped to reduce tax burdens while staying within the boundaries of the law. It explains the differences between tax planning, tax avoidance, and tax evasion, ensuring readers can make informed decisions while compliant with Indian tax laws. The book's structure, practical tools, and extensive case studies make it ideal for independent learning and professional use, providing readers with actionable insights into various tax-related topics. It has been a trusted resource for tax professionals, corporate executives, students, and business owners seeking practical solutions for managing tax liabilities and compliance. The Present Publication is the 28th Edition, amended by the Finance (No. 2) Act, 2024 and updated till 1st September 2024. This book is authored by Dr Vinod K. Singhania & Dr Monica Singhania, with the following noteworthy features: • [In-Depth Case Studies] The book includes a variety of case studies that demonstrate how tax laws and strategies are applied in practical business settings. These case studies cover topics such as: o Business Restructuring – How to minimise tax liabilities during mergers and demergers o Cross-Border Transactions – Managing taxation for foreign income and non-residents o Corporate Tax Planning Devices – Strategies like capital structure decisions and dividend distribution for optimal tax planning • [Emphasis on Legitimate Tax Planning] The book focuses on legitimate tax planning, helping readers leverage tax-saving devices such as deductions, exemptions, rebates, and allowances. The book makes it clear how businesses can lawfully minimise their tax liabilities while avoiding the risks associated with tax avoidance or evasion • [Teach-Yourself Format] The book is designed for independent learning, with a Teach-Yourself Approach that simplifies complex tax topics. Each section is logically structured and explained step by step, making it accessible for readers at any level of tax expertise • [Practical Tools for Professionals] The book includes practical tools that professionals can directly apply, such as templates for filing tax returns, handling TDS compliance, and managing penalties. These resources simplify the complex process of tax compliance and ensure that professionals have the practical knowledge they need to help clients • [Compliance and Tax Management] The book provides detailed guidance on tax compliance, ensuring businesses stay up to date with the latest regulatory changes and avoid penalties. It also covers best practices for managing tax disputes, assessments, and audits, offering a clear roadmap for businesses to follow • [Updated Legal Framework] This book is updated and amended as per the following: o The law stated in this book is amended by the Finance (No. 2) Act, 2024 o The legal position stated in this book is amended up to 1st September 2024 o The law applicable for the assessment years 2024-25 and 2025-26 is given § Tax planning problems/case studies are based upon the law applicable for the assessment year 2024-25 § Other practical problems are solved as per the law applicable for the assessment year 2024-25 This book features a comprehensive three-part structure, which is as follows: • Part 1 – Indian Income Tax Laws in Brief o This part covers the essential provisions of Indian Income Tax Laws, laying the foundation for more complex tax topics. Readers will gain an understanding of basic tax concepts, residential status, income exempt from tax, salary and business income, and capital gains. This part is designed to provide a clear overview of the law, ensuring that readers can build on these basics as they progress through the book • Part 2 – Corporate Tax Planning and Restructuring o The second part focuses on corporate tax planning strategies, offering guidance on lawful ways to reduce tax liabilities. The key topics include: § Tax Planning for Non-Residents – Understanding the tax implications for non-resident individuals and businesses § Business Restructuring – A deep dive into mergers, demergers, slump sales, and other corporate restructuring strategies § Key Corporate Tax Provisions – Detailed discussions on Minimum Alternate Tax (MAT), carry forward and set-off of losses, Dividend Distribution Tax (DDT), alternative tax regimes, and other relevant corporate tax issues § Foreign Income Taxation – Insights into taxation rules for foreign income and how businesses can manage cross-border tax liabilities • Part 3 – Business Tax Procedures & Management o The third part covers the procedural aspects of business taxation, offering step-by-step instructions on handling: § Advance Tax Payments – How to calculate and manage advance tax obligations § Tax Deducted at Source (TDS) – Compliance requirements, rates, and practical solutions for managing TDS § Return Assessments – Guidelines on filing returns, understanding assessment processes, and handling scrutiny from tax authorities § Penalties and Interest – Key provisions regarding penalties, interest on delayed tax payments, and procedural steps to resolve tax disputes § Settlement Commission and Search Provisions – A detailed guide to handling tax disputes, settlement procedures, and dealing with search and seizure provisions

The Law Stated In This Book Is As Amended By The Finance (No.2) Act, 2009. Book One Showcases The Law Of Income Tax In A Structured And Concise Manner So As To Provide The Theoretical Background For Understanding The Complex Tax Planning And Business Tax Procedures In Real World Scenarios. Book Two Covers Corporate Tax Planning (Corporate Tax, Setting Up A New Business, Financial Management Decision, Remuneration Planning, Non- Resident And Business Restructuring) Book Three Covers Tax Procedures And Management (Return, Assessment, Appeals, Penalties, Settlement Commission, Search And Seizure, Advance Tax, Tds, E-Tds And Interest). This Part Also Covers Wealth-Tax, Service Tax And Vat. Numerous Multiple Choice Problems Are Included At The End Of Each Chapter So As To Enable Clarity Of Thought And Quick Revision. Each Para (With A Distinct Number) Starts With Analytical Discussion Supported B Well-Thought Out Original Problems. The Book Is Amended Up To September 15, 2009. A Useful And Handy Book, Especially Where The Reader Is * A Student Of Tax Planning And Management * In The Tax Consultancy Profession * An Official In Tax Department * A Taxpayer Who Wants To Learn Different Techniques To Legally Minimize His Current And Future Tax Bills

Black & white print. Principles of Management is designed to meet the scope and sequence requirements of the introductory course on management. This is a traditional approach to management using the leading, planning, organizing, and controlling approach. Management is a broad business discipline, and the Principles of Management course covers many management areas such as human resource management and strategic management, as well as behavioral areas such as motivation. No one individual can be an expert in all areas of management, so an additional benefit of this text is that specialists in a variety of areas have authored individual chapters.

Two strengths distinguish this textbook from others. One is its presentation of subjects in the contexts wherein they occur. The other is its use of current events. Other improvements have shortened and simplified chapters, increased the numbers and types of pedagogical supplements, and expanded the international appeal of examples.

The present edition of the book has been thoroughly revised and enlarged. Salient Features of the Book: The legal position as amended up to June 2020 is given. The law stated in the book is on the basis of the Income Tax Act, 1961 and the Income Tax Rules, 1962 as amended up to date, besides the Finance Act, 2020 and Circulars and Notifications issued by Central Board of Direct Taxes up to June 2020. A simplified, systematic approach to the understanding of a complex subject written in a unique, simple and easy to understand language. Each topic, after a theoretical exposition, is followed by illustrations to facilitate the students to master the practical application of Corporate Tax Law. The book is useful for the students of all professional examinations like M.B.A., C.A., C.S., ICWA, and M.Com. and the persons who are interested in Tax Planning.