Table of Contents of the Book: 8170948924

Contents

Preface to the 8th Edition

  1. How to Pay Zero Income Tax

  2. Exemption of Capital Gains Available Even Where a Residential House is Purchased in the Joint Names of Assessee and Spouse

  3. Registered Deed of Conveyance is the Only Mode of Legal Transfer of Immovable Property

  4. Making Incorrect Claim Does Not Amount to Concealment

  5. Allowance in Respect of Income from House Property for Self Occupation Allowed to HUF Also

  6. Exemption from Capital Gains Where Profits are Used for Purchase of Residential Property Before the Date of Furnishing Return under Section 139(4) of the IT Act

  7. Income Tax Planning by Women

  8. Gifts Could be Exempt from Income Tax

  9. How to Get Exemption from Capital Gains Tax

  10. Capital Gains Are Taxable in the Year of Possession of Property and Not Transfer of Title

  11. HUF Status in Income Tax Can Save You a Lot of Money

  12. How to Ensure that the Incomes of Spouses are Not Clubbed Together

  13. Tax-Efficient Ways for a Married Woman to Own Property in Her Own Name

  14. Give a Loan to Your Wife, Not a Gift

  15. Accumulated Income of Minor Not to be Clubbed

  16. Maintain a Separate Income Tax File for Daughter-in-Law

  17. Tax Planning under One Roof

  18. Tax Saving for Salaried Employees for Allowances, Accommodation and Car for A.Y. 2014-2015

  19. How Your Adult Children Can Save You Tax

  20. How Creating a New HUF Can Save You Tax

  21. How Working Couples Can Save Income Tax

  22. Addition of Cash Credit on Undisclosed Report of Income Tax Inspector Not Valid

  23. Salaried Employee or a Consultant? — What the Tax Breaks Indicate

  24. How to Save Income Tax through Family Trusts

  25. Continuing the Income Tax File of a Deceased Person

  26. Capital Gains Exemption Under Section 45F is Permissible Even Where the Land was Owned by Assessee's Spouse

  27. Your Personal Effects are Tax Exempt

  28. Save Tax on Educating Your Children

  29. If the Shares of Beneficiaries are Known and Determinate, Section 164 of the I. T. Act is not Applicable

  30. HUF Possible with Husband, Wife and Daughter

  31. Tax Planning of Rental Income

  32. Tax Planning Aspects of Public Provident Fund (PPF)

  33. Income Tax on Professional Income

  34. For Computation of Capital Gains You Can Apportion Consideration between Land and Building

  35. How to Save Income Tax for Your Successors

  36. Tax Deduction in the Name of Spouse and Children

  37. Value of Unexplained Investment is Assessable Under Section 69 of the I.T. Act

  38. How You Can Pre-empt an Income Tax Raid

  39. No Clubbing of Incomes When Husband Pays Remuneration to a Professionally Qualified Spouse

  40. How to Prevent Your Minor Child’s Income Being Clubbed with Yours

  41. Make Hay from Income Tax-Exempt Agricultural Income

  42. A Magic Bond to Save Capital Gains

  43. Finer Details of Tax Planning

  44. Tax Planning for Making a Will

  45. Education Expenses, Education Loans and the Income Tax Law

  46. Tax Implication — Trading versus Investing in Shares

  47. When Gifts from Undisclosed Sources Cannot be Assessed as Income

  48. Benefit Granted to an Assessee for a Number of Years Cannot be Withdrawn

  49. Claim Can’t Disallowed for Lack Proof where Intimation is Issued by the Assessing Officer on the Basis of Return

  50. Irrecoverable Advance in the Course of Business is Deductible as Business Loss

  51. Disallowance of the Expenditure on Higher Education of Directors who may be the Managing Directors Childre not Proper