[{"id":"1","title":"Commonseal","price":"2000.00","tax":null,"image":"https:\/\/api.lakshmilawhouse.com\/PhpBackend\/images\/1780578517_seal.jpg","category":"Commonseal","type":"others","description":"A common seal is the official signature of a company, used to authenticate documents and bind the company to agreements. A company is a separate legal entity, meaning it is treated as separate from its members and has its own identity. It is an artificial judicial person having powers, rights, duties and obligations prescribed by law. Thus, it can own property, incur debts, borrow money, have a bank account, enter into contracts, employ people, and sue or be sued in the same manner as an individual. \r\nThe signature of a company is a common seal. A company requires a common seal to be affixed on agreements and documents that the company enters into with third parties and bind the company. The common seal of a company is a stamped imprint of a company\u2019s legal name. \r\nIt is affixed on agreements and documents that act as evidence that an agreement, contract or document was executed by its authorized agents or officers on behalf of the company. It is also called a corporate seal. Common seal means the metallic seal of a company for signing or stamping documents with the company\u2019s name to show they have been approved officially. \r\nIt is the company\u2019s signature to a document that is affixed and binds the company to all obligations undertaken. All documents on which the company\u2019s seal is duly signed and affixed by the authorized company official become binding on the company. All companies should maintain a register containing particulars of documents on which the common seal is affixed, and it should be kept at the company\u2019s registered office.\r\nThe common seal has various uses and benefits. The primary importance is that it makes the agreements, documents or deeds entirely authoritative and authentic. Moreover, the common seal ensures that documents are not forged easily. It averts fraud cases arising from the easy and quick forgery of the managers\u2019 signatures since it is authorized for use by a limited number of company employees.","created_at":"2026-05-24 17:21:28","video":null},{"id":"2","title":"MinutesBook","price":"750.00","tax":null,"image":"https:\/\/api.lakshmilawhouse.com\/PhpBackend\/images\/1780580275_mbook.webp","category":"Minutes Book","type":"software","description":"A minute book is a formal record-keeping tool used by corporations to document important corporate activities and decisions. It serves as the official archive of a company\u2019s operations, providing a chronological account of meetings, resolutions, and other significant business actions. Its primary purpose is to ensure legal compliance, maintain transparency, and provide a reliable reference for shareholders, directors, and regulators. A minutes book is used to formally record the discussions, decisions, and action items of meetings, serving as an official and organized record for future reference. Primary Uses: Recording Meeting Discussions and Decisions: Minutes books capture the key points discussed during meetings, including decisions made, motions passed, and any votes taken. This ensures that all participants and stakeholders have a clear record of what transpired. Tracking Action Items: They document responsibilities assigned to individuals, deadlines, and follow-up tasks, helping teams stay accountable and organized. Legal and Regulatory Compliance: In corporate settings, minutes books are often required under laws such as the Companies Act to maintain official records of board meetings, shareholder meetings, and other formal gatherings. Properly maintained minutes can serve as evidence in audits, legal proceedings, or regulatory reviews. Reference for Absent Members: Minutes books provide a reliable source for team members who could not attend a meeting, allowing them to stay informed about decisions and discussions. Maintaining Organizational Continuity: They help preserve institutional memory, ensuring that decisions, policies, and discussions are accessible for future reference, especially during personnel changes. ","created_at":"2026-05-24 17:21:28","video":null},{"id":"3","title":"MinutesBinder","price":"750.00","tax":null,"image":"https:\/\/api.lakshmilawhouse.com\/PhpBackend\/images\/1780580175_binder copy.webp","category":"Minutes Binder","type":"software","description":"A minutes binder book with a key is a secure, A4 sized binder designed to organize and protect company or organizational meeting minutes, featuring a lockable mechanism for document safety.","created_at":"2026-05-24 17:21:28","video":null},{"id":"4","title":"ShareCertificate","price":"16.00","tax":null,"image":"https:\/\/api.lakshmilawhouse.com\/PhpBackend\/images\/1780580365_Share.jpg","category":"Share Certificate","type":"others","description":"Shares As per Section 2(84) of Companies Act, 2013, Share means Share in the share capital of a Company and Include stocks. Share or Debentures are movable property transferable in Manner provided in the AOA of Company.","created_at":"2026-05-24 17:21:28","video":null},{"id":"5","title":"Statutory register","price":"1050.00","tax":null,"image":"https:\/\/api.lakshmilawhouse.com\/PhpBackend\/images\/1780580493_reg.jpg","category":"Statutory combined register","type":"software","description":"The statutory combined register serves as a comprehensive record of a company's corporate activities, ownership structure, financial transactions, and governance decisions. It is essential for ensuring transparency and accountability within the company and is a key component of corporate governance. The register is open for inspection by members, creditors, and other stakeholders, facilitating regulatory inspections and audits. Non-compliance with the maintenance of statutory registers can lead to significant penalties, including hefty fines for the company and its directors.","created_at":"2026-05-24 17:21:28","video":null},{"id":"6","title":"Minutes Sheets (100No's)","price":"500.00","tax":null,"image":"https:\/\/api.lakshmilawhouse.com\/PhpBackend\/images\/1780580547_sheet.webp","category":"Minutes Sheet","type":"software","description":"Meeting minutes are essential for documenting discussions, decisions, and action items from meetings. They serve several purposes: Record Keeping: They provide a formal record of what was discussed, decisions made, and actions taken, ensuring accountability and transparency. Action Items Tracking: Meeting minutes help track tasks and responsibilities assigned during the meeting, facilitating follow-up and accountability. Professionalism: They maintain a structured format, making it easier to review and reference meeting outcomes. Communication: They ensure that all participants are informed about the next steps and decisions made, enhancing communication within the team. Using meeting minutes templates can streamline the process of documenting these key elements, making it easier to keep track of meetings and their outcomes.","created_at":"2026-05-24 17:21:28","video":null},{"id":"7","title":"Draft Income Tax Rules 2026","price":"1595.00","tax":null,"image":"https:\/\/api.lakshmilawhouse.com\/PhpBackend\/images\/1780580681_draftitrules.jpg","category":"Professional Books","type":"book","description":"Draft Income-tax Rules 2026 is Taxmann's authoritative statutory compilation of the Draft Income-tax Rules and Draft Forms 2026, released by the CBDT ahead of the proposed enforcement of the Income-tax Act 2025 from 1st April 2026. This 63rd Edition is conceived as a transition and implementation reference, enabling stakeholders to understand and prepare for the comprehensive redesign of India's income-tax subordinate legislation. The publication goes beyond reproducing the draft text by integrating all 190 draft forms and by providing detailed, rule-wise and form-wise navigators that map the 2026 framework to the Income-tax Rules 1962. It serves as a single, coherent resource for analysing continuity, consolidation, procedural restructuring, and system readiness under the proposed regime.Draft Income-tax Rules 2026 is Taxmann's authoritative statutory compilation presenting the Draft Income-tax Rules and Draft Forms 2026 (dated 7th February 2026), released by the Central Board of Direct Taxes (CBDT) in the public domain ahead of the proposed enforcement of the Income-tax Act 2025 from 1st April 2026. This Edition (February 2026) is editorially positioned as a transition, consultation, and implementation reference, enabling stakeholders to study, analyse, and prepare for the complete redesign of India's income-tax subordinate legislation framework. Beyond reproducing the draft statutory text, the publication is engineered as a rule-migration and compliance-system mapping tool. It integrates the full draft rules, the complete set of redesigned draft forms, and two exhaustive navigators that map the Draft Income-tax Rules 2026 and Forms with their corresponding provisions under the Income-tax Rules 1962. The result is a single, coherent volume that allows users to trace continuity, consolidation, renumbering, procedural restructuring, and technology-driven redesign under the proposed regime.This publication is intended for advanced professional, institutional, and policy users who must engage with the design, impact, and operationalisation of the new income-tax rules framework, including:Chartered Accountants, Cost Accountants, Company Secretaries, and Tax ConsultantsTax Advocates and Litigation Professionals Corporate Tax, Compliance, and Finance Teams involved in SOP and system redesign ERP, Reporting, and Data-Governance Implementation Teams Government Officers, Policymakers, and Law-Drafting Authorities Industry Bodies and Professional Associations preparing consultation feedback Academicians, Researchers, and Advanced Students of direct tax law.The Present Publication is the 63rd Edition | 2026, covering Draft Income-tax Rules & Forms as released on 7th February 2026. It is edited by Taxmann's Editorial Board with the following noteworthy features:[Complete Draft Income-tax Rules 2026] Full and faithful reproduction of the draft rules as placed in the public domain, preserving statutory language, rule numbering, cross-references, schedules, and internal structure[Complete Draft Forms under Income-tax Rules 2026] Incorporates all 190 draft forms, redesigned to support simplified language, standardised information capture, automated reconciliation, pre-fill capability, and centralised processing[Rule-wise Navigator\u20142026 vs 1962] Exhaustive tables mapping each draft rule with its corresponding provision under the Income-tax Rules 1962\u2014enabling instant identification of retained, consolidated, relocated, or omitted provisions[Form-wise Navigator\u20142026 vs 1962] Structured comparison of draft forms with legacy forms, facilitating transition planning and system reconfiguration[Policy-driven Simplification Architecture] Reflects the drafting philosophy of the new Income-tax Act 2025\u2014simplified language, reduced redundancy, use of tables and formulas, and a decisive move towards leaner subordinate legislation.The publication offers layered, end-to-end coverage of the draft regime:CBDT Policy Note on Draft Rules & Forms Explains the rationale for public consultation and stakeholder participation Articulates the simplification and rationalisation objectives Quantifies Consolidation \u2013 Reduction from 511 rules and 399 forms under the 1962 framework to 333 rules and 190 forms under the draft regime Emphasises technology-enabled compliance and reduced ambiguity","created_at":"2026-05-24 17:21:28","video":null},{"id":"8","title":"Labour codes 2026","price":"595.00","tax":null,"image":"https:\/\/api.lakshmilawhouse.com\/PhpBackend\/images\/1780580826_labourcode.jpg","category":"Professional Books","type":"book","description":"New Labour Codes with Comparative Study of New Labour Codes and Old Labour Laws is a comprehensive, transition-ready statutory reference presenting the complete text of India's four consolidated Labour Codes\u2014Code on Wages 2019, Industrial Relations Code 2020, Code on Social Security 2020, and the Occupational Safety, Health and Working Conditions Code 2020\u2014as enforced from 21st November 2025. What distinguishes this Edition and makes it indispensable is its exhaustive, carefully structured, and analytically rich Comparative Study of the New Labour Codes vis-\u00e0-vis the 29 Central Labour Acts they repeal. This comparative framework spanning more than 100 pages has been designed to ensure that readers can clearly understand the legal transformations, navigate transitional challenges, and interpret how long-established labour-law provisions have been merged, expanded, modernised, or omitted under the new regime. This book serves as a statutory compendium and a practical roadmap for adapting to India's most extensive labour-law reform since Independence.This Edition is designed for all stakeholders who require deep-domain clarity and high-precision statutory referencing, including:Labour & Employment Lawyers, Legal Advisors, Industrial-Relations Consultants & Litigators dealing with Code-based disputes, compliance audits, and transition matters HR Directors, IR Managers, Compliance Heads & Payroll Teams responsible for implementing Code-aligned HR policies, wage structures, and factory\/establishment compliance frameworks Government Officers, Labour Inspectors, Commissioners & Enforcement Authorities working within the new governance, inspection, and adjudicatory architecture Trade Unions, Worker Associations & Employee Bodies assessing changes in the rights, protections, and settlement mechanisms Academics, Researchers, Law Faculty Members & Students (LL.B., LL.M., HRM, MBA) seeking an authoritative study resource on India's new labour governance landscape Corporate Policy Teams, CHRO Offices & Industry Bodies preparing workforce transition strategies.","created_at":"2026-05-24 17:21:28","video":null},{"id":"9","title":"Bharatiya Nagarik Suraksha Sanhita 2023","price":"2895.00","tax":null,"image":"https:\/\/api.lakshmilawhouse.com\/PhpBackend\/images\/1780580912_bharathiyanagarik.jpg","category":"Professional Books","type":"book","description":"This comprehensive legal resource focuses on the bare text of the Bharatiya Nagarik Suraksha Sanhita (BNSS) 2023, offering a detailed comparison with the Code of Criminal Procedure 1973. By providing side-by-side text in both Hindi and English, this book effectively breaks down language barriers, making the nuances of the law accessible to all. The inclusion of tables, indexes, and comparative studies further enhances the reader's ability to understand and relate the new legislation to its historical Code of Criminal Procedure.With its comprehensive approach and bilingual presentation, this book stands as a definitive legal resource in contemporary Indian jurisprudence. It is an invaluable tool for the judiciary, legal professionals, enforcement agencies, government bodies, students, and the general public.The Present Publication is the 2025 Edition, authored\/edited by Taxmann's Editorial Board and provides extensive coverage, including:[Bilingual Format] Presented in both Hindi and English, ensuring accessibility and comprehension for a wider audience[Section-wise Tables] Detailed tables juxtapose sections of the Code of Criminal Procedure 1973 with their counterparts in the BNSS 2023, highlighting old versus new laws[Comprehensive Index] A meticulously crafted subject index for the BNSS 2023 aids quick reference and ease of navigation[Comparative Study] In-depth comparative studies between BNSS 2023 and the Code of Criminal Procedure 1973 provide valuable insights into the legislative changes.","created_at":"2026-05-24 17:21:28","video":null},{"id":"10","title":"Direct Taxes Manual 2026","price":"8725.00","tax":null,"image":"https:\/\/api.lakshmilawhouse.com\/PhpBackend\/images\/1780581093_direct.jpg","category":"Professional Books","type":"book","description":"Direct Taxes Manual is India's most authoritative statutory reference on direct taxation. Volume 1 presents the ITA 2025 (536 sections, 23 chapters, 15 Schedules) as amended by the Finance Act 2026, supported by six bi-directional cross-reference tables that map every section, rule, and form between the two regimes\u2014the definitive transitional navigation tool for practitioners working across both Acts simultaneously. Volume 2 covers the complete procedural framework across 28 divisions of subordinate legislation, including the Income-tax Rules 2026, all five faceless proceedings schemes, ICDS, and the ITAT Rules, while Volume 3 consolidates over a century of Supreme Court and High Court precedent (1922\u2013February 2026), six decades of CBDT administrative guidance (1961\u2013February 2026), and a judicially defined words and phrases compilation\u2014all re-indexed section-by-section against the 2025 Act.Direct Taxes Manual is the most exhaustive statutory reference compilation in Indian direct taxation\u2014a work that has maintained its position as the authoritative practitioner's desk set for 56 consecutive annual editions. The 2026 Edition arrives at the most consequential juncture in post-independence Indian tax history: the full transition from the Income-tax Act 1961 to the Income-tax Act 2025 (Act No. 30 of 2025).Volume 1 presents the ITA 2025\u2014a restructured, 536-section, 23-chapter statute with 15 Schedules\u2014as its primary legislative text, fully amended by the Finance Act 2026. The 1961 Act has been preserved in the fabric of this Edition through the most elaborate bi-directional cross-reference architecture\u2014mapping every section, every rule, and every form between the two regimes. The Finance Act 2026 is reproduced in full and amends both the Income-tax Act 1961 (for the assessment year commencing 1 April 2026) and the Income-tax Act 2025 (for the tax year commencing 1 April 2026 onwards)\u2014a dual-regime enactment. Volume 2 reproduces the Income-tax Rules 2026 (the new procedural code, incorporating G.S.R. No. 198(E) dated 20 March 2026) alongside 27 additional divisions of subordinate legislation, procedural schemes, and tax administration frameworks. Volume 3 compiles over a century of judicial precedent (1922\u2013February 2026), six decades of CBDT administrative guidance (1961\u2013February 2026), and a comprehensive lexicon of judicially interpreted statutory terms\u2014all re-indexed section-by-section against the Income-tax Act 2025.","created_at":"2026-05-24 17:21:28","video":null},{"id":"11","title":"Yearly Tax Digest 2026","price":"4295.00","tax":null,"image":"https:\/\/api.lakshmilawhouse.com\/PhpBackend\/images\/1780581148_yearlytaxdigest.jpg","category":"Professional Books","type":"book","description":"Yearly Tax Digest & Referencer is Taxmann's definitive annual record of income-tax jurisprudence in India, systematically capturing how the law has been interpreted and applied by courts and tribunals. The 2026 Edition consolidates 3,550+ rulings reported during 2025 (updated till 16th November 2025) across the Supreme Court, High Courts, and ITAT. Presented as a two-volume, section-wise and issue-wise judicial digest, it enables precise identification, validation, and citation of precedents. This publication serves as an essential litigation and advisory reference for tax professionals, in-house teams, revenue authorities, and researchers dealing with complex, precedent-driven tax matters.This publication is indispensable for professionals who work with case law as a daily decision-making tool, including:Tax Litigators & Advocates drafting appeals, written submissions, synopsis notes, and precedent compilations Chartered Accountants & Tax Consultants advising on contentious and high-risk issues In-house Tax & CFO Teams validating tax positions and litigation exposure Departmental Representatives & Revenue Officers tracking judicial trends and outcomes Researchers & Advanced Students specialising in income-tax jurisprudence.It is especially valuable where precedent density, factual distinction, and procedural validity determine outcomes.The Present Publication is the 55th Edition (Volume 1) & 31st Edition (Volume 2), edited by Adv. M.K. Pithisaria & CA. Abhishek Pithisaria. It incorporates all Case Laws reported till 16th November 2025 for the year 2025. The key features of the book are as follows:[Complete Annual Judicial Record] Exhaustive consolidation of all major income-tax rulings reported during 2025 [Court-segregated Architecture] Separate volumes for higher judiciary and ITAT, respecting precedential hierarchy [Section-wise & Issue-wise Digesting] Every ruling is mapped to the exact statutory provision and litigation issue [Precedent-status Intelligence] Dedicated tools to track whether decisions are affirmed, reversed, overruled, or pending before the Supreme Court (Volume 1) [Circulars & Notifications in Litigation] Special lists identifying CBDT circulars and notifications judicially analysed by courts and tribunals [Neutral, Non-Commentarial Presentation] Objective distillation of holdings without authorial opinion [Multi-layer Navigation] Case lists, subject indices, and issue taxonomies enabling instant retrieval.The coverage of the book is as follows:Volume 1 \u2013 Supreme Court & High Courts | It captures binding and persuasive precedents delivered by the Supreme Court and various High Courts during the year. It is editorially designed as a courtroom-ready research tool and includes:List of Cases Digested (alphabetical) List of Cases Affirmed\/Reversed\/Overruled\/Approved\/Disapproved, enabling instant assessment of precedent strength List of Cases with SLP Dismissed\/Granted\/Notice Issued, critical for validating whether a High Court ruling has reached or survived scrutiny at the apex level List of Circulars & Notifications Judicially Analysed, mapping delegated legislation to judicial interpretation Section-wise Digest of Judgments, covering the entire Income-tax Act, 1961 Comprehensive Subject Index for cross-sectional issue retrieval Substantively, the volume spans all major domains of income-tax law, including charging provisions, exemptions, business income, capital gains, international taxation, reassessment, penalties, procedural safeguards, and constitutional principles. Each section is further broken into recognisable litigation issues (for example, under Section 14A, Section 37, Section 68, reassessment provisions, etc.), reflecting how disputes actually arise and are argued in courts Volume 2 \u2013 Income-tax Appellate Tribunal (ITAT) | It is a high-density repository of tribunal jurisprudence, capturing how income-tax law is applied at the most active and fact-intensive stage of litigation. Its structure includes:List of ITAT Cases Digested List of Circulars & Notifications Judicially Analysed by Tribunal Section-wise Digest of ITAT Orders Detailed Subject Index.The volume is particularly strong on procedural and evidentiary disputes, such as reassessment under sections 147\u2013153, validity of notices, limitation, sanction, faceless assessment mechanics, DIN defects, TDS\/TCS compliance, penalties, and business disallowances.Notably, international tax issues under Section 9 are organised using OECD Model Convention article logic (PE, business profits, royalty\/FTS, capital gains, etc.), mirroring how treaty disputes are actually framed before tribunals.The Digest follows a research-first, practitioner-centric architecture:Multiple Entry Points Start with a case name \u2192 List of Cases Digested Start with an issue \u2192 Subject Index Start with a circular\/notification \u2192 Judicially Analysed Circulars List Start with precedent validity \u2192 Affirmed\/Reversed\/SLP Lists (Vol. 1) Section-wise Organisation with Issue Sub-Heads \u2013 Each statutory section is divided into multiple litigation propositions rather than treated as a single block.Proposition-based Digests \u2013 Entries are distilled into numbered propositions indicating:the legal issue assessment year(s) outcome (in favour of assessee or revenue) court\/bench and citation brief judicial reasoning case-history or subsequent treatment, where relevant Independent yet Complementary Volumes \u2013 Each volume can be used on its own, while together they provide a complete, year-specific litigation map.","created_at":"2026-05-24 17:21:28","video":null},{"id":"12","title":"Capricorn Dsc for 3 years with token","price":"2800.00","tax":null,"image":"https:\/\/api.lakshmilawhouse.com\/PhpBackend\/images\/1780583755_capri1.webp","category":"DigitalSignature","type":"others","description":"Digital signatures are used to authenticate documents, ensure data integrity, secure communications, and streamline digital workflows across various industries.Authentication and Identity Verification.Digital signatures verify the sender\u2019s identity, ensuring that a document or message originates from the claimed source. This process provides a layer of trust, confirming that the content has not been altered during transit and preventing impersonation or unauthorized access. They are widely used for signing contracts, certificates, and official communications, making them more secure than handwritten signatures.Data Integrity and Security:Digital signatures use cryptographic techniques, including public and private key pairs, to encrypt and decrypt signature data. This ensures that any tampering with the document is detectable, maintaining the integrity of the information. They are essential in financial transactions, legal documents, and sensitive communications where data security is critical. Legal and Regulatory Compliance Digital signatures are legally recognized in many countries, including under the U.S. Federal ESIGN Act. They provide a legally binding method for signing documents electronically, which is crucial for contracts, agreements, and regulatory filings. This compliance ensures that digitally signed documents are admissible in court and meet industry standards. Workflow Efficiency and Cost Reduction By enabling electronic signing, digital signatures eliminate the need for physical paperwork, reduce administrative overhead, and accelerate decision-making processes. They are used in HR for onboarding, benefits enrollment, and performance reviews, as well as in vendor agreements, loan approvals, and insurance policies, allowing remote and seamless document processing.Audit Trails and Record Keeping Digital signatures often include timestamps and cryptographic verification, creating an audit trail that tracks when and by whom a document was signed. This is valuable for compliance audits, tax documentation, and internal record-keeping. Industry-Specific Applications,Finance: Loan agreements, mortgage contracts, investment forms. Real Estate: Property contracts and lease agreements. Healthcare: Patient consent forms and medical records. Government: Licensing, permits, and official correspondence. Corporate: Vendor contracts, internal approvals, and HR documentation. Digital signatures have become indispensable in the digital era, providing security, authenticity, efficiency, and legal validity for electronic transactions and communications across multiple sectors","created_at":"2026-05-24 17:21:28","video":null},{"id":"13","title":"Customs & Foreign Trade Policy","price":"2595.00","tax":null,"image":"https:\/\/api.lakshmilawhouse.com\/PhpBackend\/images\/1780581501_foreign.jpg","category":"Professional Books","type":"book","description":"Customs & Foreign Trade Policy (FTP) Ready Reckoner, now in its 28th Edition, is the standard single-volume treatise on India's cross-border indirect tax regime\u2014covering the Customs Act, Customs Tariff Act, FT(D&R) Act, SEZ Act, IFSCA Act, and FTP 2023 with the HBP in one integrated work, updated to the Finance Act 2026 with the Baggage Rules 2026, CBDPR 2026, and CBIC Customs Manual 2025. Structured across 61 chapters in two Divisions (Customs Law and FTP) with a concept-to-compliance-to-enforcement progression, its defining feature is a four-layer citation density\u2014statute \u2192 subordinate legislation \u2192 administrative guidance \u2192 judicial authority\u2014at every paragraph, making it fit for direct use in advisory work, written submissions, and examination preparation. Customs & Foreign Trade Policy (FTP) Ready Reckoner, now in its 28th continuously maintained Edition, is a single-volume treatise that consolidates the entire body of Indian indirect tax law on cross-border trade into one work. It is the standard desk reference and has been the basis of written submissions, legal opinions, and departmental guidance for nearly three decades.The book takes the reader through the full statutory edifice of India's Customs and trade regime\u2014the Customs Act 1962; the Customs Tariff Act 1975 (both Schedules, including the CVD, Anti-Dumping, Safeguard, and CVD-on-subsidised-goods machinery); the Foreign Trade (Development & Regulation) Act 1992 and Rules thereunder; the Special Economic Zones Act 2005 and SEZ Rules 2006; the International Financial Services Centres Authority Act 2019; and the Foreign Trade Policy 2023 together with the Handbook of Procedures (HBP). It weaves into this structure the subordinate framework of valuation rules, baggage rules, courier regulations, customs broker licensing regulations, warehousing regulations, MOOWR, drawback rules, SEZ rules, RoDTEP\/RoSCTL schemes, SCOMET controls, and the Provisional Collection of Taxes Act 2023.The law stated is current as of the Finance Act 2026, and the text incorporates all consequential changes notified by the CBIC and the DGFT up to the cut-off, including the newly notified Baggage Rules, 2026 and the Customs Baggage (Declaration and Processing) Regulations 2026 (effective 2nd February 2026). The CBIC's Customs Manual 2025 (released in supersession of the 2023 Manual and updated to 1st February 2025) is cross-referenced throughout the book at the relevant paragraphs. The Reckoner is designed for readers who need to work with both the underlying statute and the operating circulars simultaneously:Tax Advisors, Chartered Accountants, Cost Accountants, Company Secretaries, and Advocates advising importers, exporters, freight forwarders, and Customs brokers on duty optimisation, classification, valuation challenges, refund claims, scheme eligibility (AA\/DFIA\/EPCG\/RoDTEP\/RoSCTL), and litigation at every appellate level. In-House Tax and Trade-Compliance Teams of manufacturers, trading houses, e-commerce operators, Free Trade Warehousing Zones, Status Holders, SEZ units, EOUs\/EHTP\/STP\/BTP units, and IFSC entities. Customs Brokers (CBs\/CHAs) and Logistics Professionals handling Bill of Entry and Shipping Bill filings, customs bonds, warehousing operations, drawback, and AEO compliance. Officers of the CBIC, DGFT, DRI, SVB, SEZ Development Commissioners, and IFSCA needing an organised, section-by-section reference to statute, rule, circular, manual, and case-law on any point of Customs or FTP practice. Trade Bodies, Exporters' Associations, Consultants, and Policy Researchers tracking FTA\/PTA implementation, rules of origin, SCOMET dual-use controls, export promotion incentives, and ease-of-doing-business initiatives. Candidates Preparing for the CA Final, CS Professional, CMA Final, Departmental Examinations (Inspector\/Superintendent\/Appraiser), and LL.M. (Taxation) programmes, where Customs and FTP form part of the syllabus.","created_at":"2026-05-24 17:21:28","video":null},{"id":"14","title":"Auditing & Assurance By Pankaj Garg","price":"995.00","tax":null,"image":"https:\/\/api.lakshmilawhouse.com\/PhpBackend\/images\/1780581583_auditcr.jpg","category":"Academic Books","type":"book","description":"This book covers all past exam questions (topic-wise) & detailed answers (point-wise) for the CA-Inter exam by ICAI till May 2023, RTPs & MTPs of ICAI. It includes 525+ Descriptive Questions & Case Studies, 350+ Objective Questions, 290 Knowledge & Application based MCQs, and 27 Integrated Case Studies. CA Inter | Nov. 2023 Exam.This book is prepared exclusively for the Intermediate Level of Chartered Accountancy Examination requirement. It covers the past exam questions & detailed answers strictly as per the new syllabus of ICAI. The Present Publication is the 12th Edition & amended up to 30th April 2023 for CA-Inter | Nov. 2023 Exam. This book is authored by Pankaj Garg, with the following noteworthy features:[Updated & Amended] It covers all relevant amendments made in the following:Standards on Auditing Code of Ethics Company Law, etc.[Topic-wise Question] Coverage of questions on every topic [Detailed Point-wise Answers] for easy learning Coverage of this book includes:All Past Exam Questions till the May 2023 CA-Inter Exam with suggested answers for Part II (Descriptive Questions) Additional Questions for Practice from RTPs and MTPs of ICAI | May 2023 525+ Descriptive Questions & Case Studies 350+ Objective Questions 290 Knowledge & Application based MCQs 27 Integrated Case Studies [Graphical Chapter-wise Marks Distribution] for past exams for each Chapter from May 2018 onwards.","created_at":"2026-05-24 17:21:28","video":null},{"id":"15","title":"Taxmann CRACKER Combo for CA Final","price":"3385.00","tax":null,"image":"https:\/\/api.lakshmilawhouse.com\/PhpBackend\/images\/1780581682_crac.jpg","category":"Academic Books","type":"book","description":"CRACKER Combo for CA Final \u2013 Group I (Papers 1 to 3) is a rigorously engineered, exam-intelligence-driven preparation system for the May & September 2026 examinations, covering Financial Reporting, Advanced Financial Management, and Advanced Auditing. It goes beyond a conventional solved-papers set by systematically decoding ICAI's question design, mark allocation, chapter rotation, and evaluation standards. The Combo integrates fully solved past examination questions, chapter-wise marks distribution, multi-attempt trend analytics, and precise mapping with ICAI Study Material, RTPs, and MTPs. Each paper is structured to mirror ICAI's preferred answer-writing and presentation framework, including workings, sequencing, and case-based MCQs. Collectively, the set functions as a high-precision revision tool, answer-writing simulator, and marks-maximisation strategy guide for Group I aspirants.CRACKER Combo for CA Final \u2013 Group I (Papers 1 to 3) is a strategically curated, exam-intelligence-driven preparation set designed for the May & September 2026 CA Final examinations. This Combo brings together three of Taxmann's most rigorously engineered CRACKER titles\u2014Financial Reporting (FR), Advanced Financial Management (AFM), and Advanced Auditing, Assurance & Professional Ethics (Audit)\u2014each built on deep analysis of ICAI's historical examination behaviour. Rather than functioning as a conventional solved-papers bundle, the Combo operates as a predictive scoring framework. Across all three papers, it systematically decodes how ICAI frames questions, allocates marks, rotates chapters, evaluates answers, and rewards presentation. Together, the three books convert past examination data, trend analytics, and ICAI source-mapping into a high-precision, marks-maximisation system for Group I aspirants.","created_at":"2026-05-24 17:21:28","video":null},{"id":"16","title":"Tdsman e-tds software(Standard)","price":"5400.00","tax":null,"image":"https:\/\/api.lakshmilawhouse.com\/PhpBackend\/images\/1780582178_tds2.webp","category":"Etds software","type":"software","description":"Comprehensive Return Preparation,Supports 24Q, 26Q, 27Q & 27EQ Forms,Handles Regular and Correction Returns,Predict defaults before FVU generation,IT Portal & TRACES integration,Dashboard with Reports and MIS,Smart Data Management-Quick data import \/ export - Excel \/ CSV Supports large data volumes,Import Company (TAN) data from IT Portal,Data import from TXT & Conso files,Import Challans from IT Portal \/ TRACES,PAN validation including \u2018Inoperative\u2019,Pre-configured Sections with Rates,Interest and Late Fee computation,Challan validation,Checks for \u2018Short Deduction\u2019,Single click to generate FVU,Automatic download of CSI file,Instant display of confirmation \/ error,Online filing of Return at IT Portal,Print of Form 27A for offline filing,Automated TDS \/ TCS Certificates,Simplified Correction Return,IT Portal \/ TRACES integration","created_at":"2026-05-24 17:21:28","video":null},{"id":"17","title":"Tdsman e-tds software(Professional)","price":"9900.00","tax":null,"image":"https:\/\/api.lakshmilawhouse.com\/PhpBackend\/images\/1780581892_ODL.jpg","category":"Etds software","type":"software","description":"Comprehensive Return Preparation,Supports 24Q, 26Q, 27Q & 27EQ Forms,Handles Regular and Correction Returns,Predict defaults before FVU generation,IT Portal & TRACES integration,Dashboard with Reports and MIS,Smart Data Management-Quick data import \/ export - Excel \/ CSV Supports large data volumes,Import Company (TAN) data from IT Portal,Data import from TXT & Conso files,Import Challans from IT Portal \/ TRACES,PAN validation including \u2018Inoperative\u2019,Pre-configured Sections with Rates,Interest and Late Fee computation,Challan validation,Checks for \u2018Short Deduction\u2019,Single click to generate FVU,Automatic download of CSI file,Instant display of confirmation \/ error,Online filing of Return at IT Portal,Print of Form 27A for offline filing,Automated TDS \/ TCS Certificates,Simplified Correction Return,IT Portal \/ TRACES integration","created_at":"2026-05-24 17:21:28","video":null},{"id":"18","title":"Tdsman e-tds software(Enterprise lite)","price":"20900.00","tax":null,"image":"https:\/\/api.lakshmilawhouse.com\/PhpBackend\/images\/1780582084_tds1.webp","category":"Etds software","type":"software","description":"Comprehensive Return Preparation,Supports 24Q, 26Q, 27Q & 27EQ Forms,Handles Regular and Correction Returns,Predict defaults before FVU generation,IT Portal & TRACES integration,Dashboard with Reports and MIS,Smart Data Management-Quick data import \/ export - Excel \/ CSV Supports large data volumes,Import Company (TAN) data from IT Portal,Data import from TXT & Conso files,Import Challans from IT Portal \/ TRACES,PAN validation including \u2018Inoperative\u2019,Pre-configured Sections with Rates,Interest and Late Fee computation,Challan validation,Checks for \u2018Short Deduction\u2019,Single click to generate FVU,Automatic download of CSI file,Instant display of confirmation \/ error,Online filing of Return at IT Portal,Print of Form 27A for offline filing,Automated TDS \/ TCS Certificates,Simplified Correction Return,IT Portal \/ TRACES integration","created_at":"2026-05-24 17:21:28","video":null},{"id":"19","title":"Taxmann e-tds software 2026-27 (Single User)","price":"9000.00","tax":null,"image":"https:\/\/api.lakshmilawhouse.com\/PhpBackend\/images\/1780582327_taxmann.webp","category":"Etds software","type":"software","description":"Taxmann E-TDS Return Software (Single & Multi User) FY 2026-27Taxmann\u2019s e-TDS Returns is an automated software for all end-to-end TDS and TCS related compliances. Using the software, one can prepare and file TDS\/TCS return, and generate the TDS\/TCS certificates. It helps you in computation of tax liability accurately and hassle-free TDS compliances. Manage TDS compliances of all your clients from one dashboard. This software is for Financial Year 2021-22, created by Taxmann\u2019s Technologies Team, Dr. Vinod K. Singhania & Dr. Kapil Singhania, with the following noteworthy features:[Error-free and Easy to Use] e-TDS provides a precise calculation of TDS and interest. Simple navigation of the software helps you at every step to prepare the TDS returns in just a few clicks [Amended up to Finance Act, 2021] The software is updated with all amendments made by the Finance Act 2021 and the latest FVU\/RPU version provided by the NSDL[Easy Import\/Export with MS Excel] Facility to import and export the data through the excel template [One interface for all TDS compliance] Manage every activity related to TDS compliance from one interface. Covering return generation and uploading, preparation of TDS\/TCS certificates from TRACES, request for a revised return for any correction on TRACES, Bulk PAN Verification, etc. It\u2019s a complete TDS compliance online software without any paperwork [Default Predictor Notice] The software algorithm identifies the possible errors in the return and predicts the possibility of getting a default notice. It helps you to generate an error-free return and minimize the chances of the default notice [TDS as per Alternate Tax Regime] The software provides an option to calculate the TDS on salary income as per the old regime or the new regime. Just select an option, and the tax shall be computed as per the chosen regime [Applicability of Section 194N] Check if the deductee has filed the Income-tax return for the relevant period. The Software will apply the higher TDS rate automatically in the case of defaulters [Flexible and Customization Option for Bulk Users] Customization facility is available for bulk users [Rebuilt on Latest Technology] e-TDS has been rebuilt on the latest technology to provide you with a secured database (password protected), fast processing, and better experience. Now quickly generate bulk TDS entries [No Loss of Data and Backup Flexibility] Facility to take backup of your data from e-TDS to Dropbox.com. You can quickly restore data from Dropbox.com in case of any damage\/loss of data. Backup can be taken organization wise, year-wise or full backup [Available in Single User\/Multi-User Setups] The software is available for both single-user and multi-users (5 users)","created_at":"2026-05-24 17:21:28","video":null},{"id":"20","title":"Taxmann e-tds software 2026-27 (Multi User)","price":"12500.00","tax":null,"image":"https:\/\/api.lakshmilawhouse.com\/PhpBackend\/images\/1780582372_taxmann.webp","category":"Etds software","type":"software","description":"Taxmann E-TDS Return Software (Single & Multi User) FY 2026-27Taxmann\u2019s e-TDS Returns is an automated software for all end-to-end TDS and TCS related compliances. Using the software, one can prepare and file TDS\/TCS return, and generate the TDS\/TCS certificates. It helps you in computation of tax liability accurately and hassle-free TDS compliances. Manage TDS compliances of all your clients from one dashboard. This software is for Financial Year 2021-22, created by Taxmann\u2019s Technologies Team, Dr. Vinod K. Singhania & Dr. Kapil Singhania, with the following noteworthy features:[Error-free and Easy to Use] e-TDS provides a precise calculation of TDS and interest. Simple navigation of the software helps you at every step to prepare the TDS returns in just a few clicks [Amended up to Finance Act, 2021] The software is updated with all amendments made by the Finance Act 2021 and the latest FVU\/RPU version provided by the NSDL[Easy Import\/Export with MS Excel] Facility to import and export the data through the excel template [One interface for all TDS compliance] Manage every activity related to TDS compliance from one interface. Covering return generation and uploading, preparation of TDS\/TCS certificates from TRACES, request for a revised return for any correction on TRACES, Bulk PAN Verification, etc. It\u2019s a complete TDS compliance online software without any paperwork [Default Predictor Notice] The software algorithm identifies the possible errors in the return and predicts the possibility of getting a default notice. It helps you to generate an error-free return and minimize the chances of the default notice [TDS as per Alternate Tax Regime] The software provides an option to calculate the TDS on salary income as per the old regime or the new regime. Just select an option, and the tax shall be computed as per the chosen regime [Applicability of Section 194N] Check if the deductee has filed the Income-tax return for the relevant period. The Software will apply the higher TDS rate automatically in the case of defaulters [Flexible and Customization Option for Bulk Users] Customization facility is available for bulk users [Rebuilt on Latest Technology] e-TDS has been rebuilt on the latest technology to provide you with a secured database (password protected), fast processing, and better experience. Now quickly generate bulk TDS entries [No Loss of Data and Backup Flexibility] Facility to take backup of your data from e-TDS to Dropbox.com. You can quickly restore data from Dropbox.com in case of any damage\/loss of data. Backup can be taken organization wise, year-wise or full backup [Available in Single User\/Multi-User Setups] The software is available for both single-user and multi-users (5 users).","created_at":"2026-05-24 17:21:28","video":null},{"id":"21","title":"Sensys XBRL software(Single User)","price":"12000.00","tax":null,"image":"https:\/\/api.lakshmilawhouse.com\/PhpBackend\/images\/1780582428_sensys.jpg","category":"Xbrl software","type":"software","description":"Key Features:As per Revised Schedule III Taxonomy (IND AS),Balance Sheet and Profit & Loss (AOC 4),Cost Audit Report & Compliance Report in XBRL format,Taxonomy Treeview for easy navigation, browsing and searching,Detailed Information about each element of Taxonomy.Facility to create Tuple (Multi Record Element) at Taxonomy Tree itself.User friendly Data Entry Screen,Import Data from Existing Excel Files of Balance Sheets and Profit & Loss Statements,Professional can send excel templates to their clients for easy data entry which can be imported in software,Easy drag-drop facility of data,Specify Currency, Precision for each elements,Footnotes for each element. Utilise same footnote for multiple elements,Copy and Paste Notes to Accounts from Word\/Excel\/Html Files\/Txt Files. Format will be maintained as it is.Inbuilt validation at entry level to avoid data entry mistakes.Validation for mandatory elements and other requirements for XBRL Filing.Preview XBRL Document before finally generating it.Generate XBRL Instance document at click of a button.Validate through MCA validation utility.Facility to create Standalone & Consolidated Financial Statements as per MCA requirements.Masters of Units, Precision, Context.Masters of Entities and their subsidiaries.Automatic updates available in the software for timely updates.Automatic updates available in the software for timely updates.No Expertise required.Tag, Review, Generate, Preview, File.User friendly, Easy to use. Flexible enough to handle all your XBRL requirements.","created_at":"2026-05-24 17:21:28","video":null},{"id":"22","title":"Sensys XBRL software(Multi User)","price":"24000.00","tax":null,"image":"https:\/\/api.lakshmilawhouse.com\/PhpBackend\/images\/1780582475_sensys.jpg","category":"Xbrl software","type":"software","description":"Key Features:As per Revised Schedule III Taxonomy (IND AS),Balance Sheet and Profit & Loss (AOC 4),Cost Audit Report & Compliance Report in XBRL format,Taxonomy Treeview for easy navigation, browsing and searching,Detailed Information about each element of Taxonomy.Facility to create Tuple (Multi Record Element) at Taxonomy Tree itself.User friendly Data Entry Screen,Import Data from Existing Excel Files of Balance Sheets and Profit & Loss Statements,Professional can send excel templates to their clients for easy data entry which can be imported in software,Easy drag-drop facility of data,Specify Currency, Precision for each elements,Footnotes for each element. Utilise same footnote for multiple elements,Copy and Paste Notes to Accounts from Word\/Excel\/Html Files\/Txt Files. Format will be maintained as it is.Inbuilt validation at entry level to avoid data entry mistakes.Validation for mandatory elements and other requirements for XBRL Filing.Preview XBRL Document before finally generating it.Generate XBRL Instance document at click of a button.Validate through MCA validation utility.Facility to create Standalone & Consolidated Financial Statements as per MCA requirements.Masters of Units, Precision, Context.Masters of Entities and their subsidiaries.Automatic updates available in the software for timely updates.Automatic updates available in the software for timely updates.No Expertise required.Tag, Review, Generate, Preview, File.User friendly, Easy to use. Flexible enough to handle all your XBRL requirements.","created_at":"2026-05-24 17:21:28","video":null},{"id":"23","title":"Sensys PDFSigner","price":"12000.00","tax":null,"image":"https:\/\/api.lakshmilawhouse.com\/PhpBackend\/images\/1780582529_DSign.jpg","category":"Pdfsigner software","type":"software","description":"Sensys Technologies offers PDF signer software that allows users to digitally sign various PDF documents, including TDS Certificates Form 16 and Form 16A. Key features include User-friendly interface for easy signing of multiple documents.Configuration of signature placement according to user requirements.Original PDF files are not modified; a new file is created after signing.Support for digital signatures using .PFX files and USB token signatures.Legal compliance and cost-saving benefits, such as reduced paper and printing costs.","created_at":"2026-05-24 17:21:28","video":null},{"id":"24","title":"Fixed Asset Management Software","price":"12000.00","tax":null,"image":"https:\/\/api.lakshmilawhouse.com\/PhpBackend\/images\/1780582652_asset.png","category":"Fixed Asset software","type":"software","description":"Fixed Asset Management Software is a robust system designed to simplify the tracking, recording, and managing of your organization\u2019s fixed assets. It empowers businesses to maintain an up-to-date Fixed Asset Register, track asset depreciation, and make informed decisions regarding acquisitions, maintenance, and disposals.Our Fixed Asset Management Software also offers advanced features such as Asset Audit capabilities, streamlined Asset Disposal processes, and a comprehensive Asset Status Dashboard View. It seamlessly integrates with your existing ERPs and other business applications, ensuring a smooth and connected asset management experience.Key Features of Our Fixed Asset Management Software:Fixed Asset Register: Maintain a comprehensive and organized register of all your fixed assets, including asset details such as purchase date, cost, location, and more.Asset Tracking: Effortlessly track the location and condition of your assets throughout their lifecycle, reducing the risk of loss or theft and tracking asset movements.Depreciation Management: Automate the calculation and tracking of asset depreciation, ensuring accurate financial reporting and compliance with accounting standards.Acquisition and Disposal: Easily record asset acquisitions and disposals, streamlining the process and maintaining a complete audit trail.Reporting and Analytics: Generate insightful reports and analytics to make data-driven decisions regarding your fixed assets, helping you optimize asset utilization.User-Friendly: Our software is designed with a user-friendly interface, making it easy for your team to adapt quickly.","created_at":"2026-05-24 17:21:28","video":null},{"id":"25","title":"All India Bar Examination CRACKER","price":"550.00","tax":null,"image":"https:\/\/api.lakshmilawhouse.com\/PhpBackend\/images\/1780582727_AIB.jpg","category":"Professional Books","type":"book","description":"AIBE \u2013 All India Bar Examination | CRACKER is a complete, strategy-first preparation guide for India's only mandatory licensing examination for advocates\u2014built around one core insight: AIBE is not a memory test, it is a navigation test. Fully updated with AIBE-XX (November 2025) and aligned with the new criminal law framework, the book equips candidates with a visual Bare Act navigation tutorial, a proprietary three-tier answering strategy with real paper examples, and a subject-wise guide across all 19 AIBE subjects with past-paper frequency tagging from AIBE-IX through AIBE-XX. An in-depth pattern analysis of AIBE-XX gives AIBE-XXI aspirants a precise, data-backed starting point, while eleven years of fully solved papers (AIBE-X to AIBE-XX) and three full-length mock tests complete the preparation cycle.AIBE \u2013 All India Bar Examination | CRACKER is a focused, exam-oriented preparation guide, designed specifically around the practical demands of India's only mandatory licensing examination for advocates. Rather than offering a theoretical treatment of law, this book approaches AIBE preparation as a tactical exercise\u2014teaching candidates not just what the law is, but how to find it, read it, and apply it within the unique constraints of an open-book, multiple-choice examination. This Edition has been substantially revised to reflect the most recent examination\u2014AIBE-XX (November 2025) and incorporates the landmark shift in India's criminal law framework, covering the Bharatiya Nyaya Sanhita 2023, the Bharatiya Nagarik Suraksha Sanhita 2023, and the Bharatiya Sakshya Adhiniyam 2023, which replace the erstwhile IPC, CrPC, and Indian Evidence Act, respectively. The Edition also integrates a recent Supreme Court ruling (May 2025) mandating three years of practice before appearing for Civil Judge examinations\u2014establishing fresh context for why clearing the AIBE is now more strategically significant than ever.","created_at":"2026-05-24 17:21:28","video":null},{"id":"26","title":"Emudhra Dsc for 3years with token","price":"3300.00","tax":null,"image":"https:\/\/api.lakshmilawhouse.com\/PhpBackend\/images\/1780582789_emudhra.webp","category":"DigitalSignature","type":"others","description":"Digital signatures are used to authenticate documents, ensure data integrity, secure communications, and streamline digital workflows across various industries.Authentication and Identity Verification.Digital signatures verify the sender\u2019s identity, ensuring that a document or message originates from the claimed source. This process provides a layer of trust, confirming that the content has not been altered during transit and preventing impersonation or unauthorized access. They are widely used for signing contracts, certificates, and official communications, making them more secure than handwritten signatures.Data Integrity and Security:Digital signatures use cryptographic techniques, including public and private key pairs, to encrypt and decrypt signature data. This ensures that any tampering with the document is detectable, maintaining the integrity of the information. They are essential in financial transactions, legal documents, and sensitive communications where data security is critical. Legal and Regulatory Compliance Digital signatures are legally recognized in many countries, including under the U.S. Federal ESIGN Act. They provide a legally binding method for signing documents electronically, which is crucial for contracts, agreements, and regulatory filings. This compliance ensures that digitally signed documents are admissible in court and meet industry standards. Workflow Efficiency and Cost Reduction By enabling electronic signing, digital signatures eliminate the need for physical paperwork, reduce administrative overhead, and accelerate decision-making processes. They are used in HR for onboarding, benefits enrollment, and performance reviews, as well as in vendor agreements, loan approvals, and insurance policies, allowing remote and seamless document processing.Audit Trails and Record Keeping Digital signatures often include timestamps and cryptographic verification, creating an audit trail that tracks when and by whom a document was signed. This is valuable for compliance audits, tax documentation, and internal record-keeping. Industry-Specific Applications,Finance: Loan agreements, mortgage contracts, investment forms. Real Estate: Property contracts and lease agreements. Healthcare: Patient consent forms and medical records.Government: Licensing, permits, and official correspondence.Corporate: Vendor contracts, internal approvals, and HR documentation. Digital signatures have become indispensable in the digital era, providing security, authenticity, efficiency, and legal validity for electronic transactions and communications across multiple sectors.","created_at":"2026-05-24 17:21:28","video":null},{"id":"27","title":"HRMThread-cloud Payroll software","price":"25000.00","tax":null,"image":"https:\/\/api.lakshmilawhouse.com\/PhpBackend\/images\/1780582841_hrm.jpg","category":"Payroll software","type":"software","description":"HRMThread is very easy, flexible, and user-friendly Cloud Payroll Management software that takes care of all your requirements relating to accounting and the management of employee Payroll. This versatile, user-friendly package offers user-defined earnings, deductions, loan heads, calculation formulas, and tables. The package generates all the outputs and statutory reports required by a Payroll application.","created_at":"2026-05-24 17:21:28","video":null},{"id":"28","title":"Easypay Payroll software","price":"25000.00","tax":null,"image":"https:\/\/api.lakshmilawhouse.com\/PhpBackend\/images\/1780582890_payroll.jpg","category":"Payroll software","type":"software","description":"EasyPAY is very easy, flexible and user-friendly Payroll Management software that takes care of all your requirements relating to accounting and management of employees\u2019 Payroll. This versatile, user friendly, package, offers user defined Earning \/ Deduction \/ Loan Heads & Calculation Formulae \/ Tables. The package generates all the outputs & statutory reports required by a Payroll application.Payroll Processing Input information for all newly joined employees and resign left employeesCreate a new payroll month & Process SalaryOver-ride facility for any Salary componentsSalary on Hold & Freezing of Salary in case of Termination of EmployeesProcess by Exception \u2013 you only need to enter Pay and\/or deduction information when there are changesPro-rata calculations for employees based on AbsenteeismProcess & Print Payslips for groups or for selected employeesLock month facility to avoid changes in Processed Data","created_at":"2026-05-24 17:21:28","video":null},{"id":"29","title":"Relyon Gst software(single user)","price":"7620.00","tax":null,"image":"https:\/\/api.lakshmilawhouse.com\/PhpBackend\/images\/1780583046_gst.webp","category":"Gst software","type":"software","description":"A highly innovative automated and user friendly solution, Saral GST incorporates all the features of GST return filing making it the most reliable and sought after software in the industry. Solutions for Diverse Gst needs include Saral Gst,Saral Accounts,Saral Billing","created_at":"2026-05-24 17:21:28","video":null},{"id":"30","title":"Relyon Gst software(Multi user)","price":"16800.00","tax":null,"image":"https:\/\/api.lakshmilawhouse.com\/PhpBackend\/images\/1780583268_gst1.webp","category":"Gst software","type":"software","description":"A highly innovative automated and user friendly solution, Saral GST incorporates all the features of GST return filing making it the most reliable and sought after software in the industry. Solutions for Diverse Gst needs include Saral Gst,Saral Accounts,Saral Billing","created_at":"2026-05-24 17:21:28","video":null},{"id":"36","title":"Taxmann ready reckoner 2026-27","price":"2695.00","tax":null,"image":"https:\/\/api.lakshmilawhouse.com\/PhpBackend\/images\/1780728986_reckoner.jpg","category":"Professional Books","type":"book","description":"Direct Taxes Ready Reckoner (DTRR) is the flagship annual reference publication of Taxmann. It is the most authoritative and comprehensive single-volume guide to Indian direct tax law, updated each year. First published in May 1978, the 50th Golden Jubilee Edition commemorates fifty years of continuous publication under the same authorship. The DTRR 50th Edition maps, compares, cross-references, and illustrates, serving simultaneously as a practitioner's guide, a compliance checklist, a tax calculation resource, and a manual for legislative transition. All section references default to the Income-tax Act 2025, and all rule references default to the Income-tax Rules 2026, unless explicitly indicating the 1961 Act\u2014a deliberate editorial choice that facilitates the profession's transition to the new legal framework.\r\n\r\nThe 50th Edition operates amid unprecedented regulatory complexity: the Income-tax Act 2025, and the Income-tax Act 1961 run concurrently\u2014pre-2025 assessments under the old Act, new assessments under the new. The Finance Act 2026, amends both simultaneously, with differing effective dates. The Income-tax Rules 2026, further replace the 1962 Rules entirely\u2014renumbering sections, redesignating forms, and restructuring procedural timelines across TDS, TCS, and return filing. The DTRR 50th Edition addresses all three layers in a single volume.\r\n\r\nThis book is designed for practitioners and professionals who require both depth and immediacy\u2014those for whom accuracy is non-negotiable and lookup speed is operationally critical. The primary readership includes:\r\n\r\nChartered Accountants and Tax Consultants for advisory, compliance, return filing, and tax planning mandates across all categories of assessors\r\nAdvocates and Legal Professionals for statutory interpretation, litigation support, and penalty\/interest computation\r\nCorporate Tax Managers and CFOs for TDS\/TCS compliance, advance tax calculation, and corporate tax liability assessment\r\nCompany Secretaries and Cost Accountants for compliance functions related to direct tax obligations\r\nFinance and Accounts Professionals working across industries with payroll, vendor payments, or intercompany transactions subject to withholding\r\nTax Officers and Revenue Officials as quick-reference authorities on rates, limitation periods, and procedural timelines\r\nAcademicians and Students of Advanced Taxation as comprehensive study companions integrating legislative text, practical illustrations, and case studies\r\nThe Present Publication is the 50th Edition | Golden Jubilee Edition, updated to incorporate all amendments introduced by the Finance Act 2026. Applicable for Assessment Year 2026-27 and Tax Year 2026-27, this Edition is authored by Dr Vinod K. Singhania, whose five decades of authoritative annual commentary have established this book as the definitive desk reference in Indian direct taxation. The key highlights of this Edition include:\r\n\r\n[Finance Act 2026\u2014Fully Integrated] All amendments introduced by the Finance Act 2026 are incorporated directly into the relevant chapters and highlighted at the point of relevance\u2014not relegated to a supplement. Practitioners reading any chapter see current law, not last year's\r\n[Amendments at a Glance with Case Studies] Referencer 2 provides a structured three-part dissection of every legislative change\u2014Part A covers Finance Act 2026 amendments to both the 1961 Act and the 2025 Act; Part B maps key structural changes brought in by the Income-tax Act 2025; and Part C covers procedural changes under the Income-tax Rules 2026. Each amendment is supported by practical illustrations and full numerical case studies\r\n[Section-wise Cross-reference Index] An exhaustive bidirectional index maps every section of the 1961 Act to its corresponding provision in the 2025 Act at the paragraph level\u2014enabling instant location of any provision under either Act\r\n[New vs. Old Tax Regime\u2014Complete Parallel Analysis] All provisions are presented in parallel for both regimes across every assessee category. For companies, four distinct tax rate regimes are fully analysed\u2014section 199 (25% for eligible manufacturers), section 200 (22% for all domestic companies with fixed 10% surcharge and no MAT), section 201 (15% for new manufacturing companies), and section 202 (default individual\/HUF new regime with restricted exemptions and deductions)\r\n[Salaries\u2014Comprehensive Allowance Tables with Revised Quantum] All allowance categories are covered with AY 2026-27 quantum limits, including revised children's education allowance (\u20b93,000 per month per child), hostel expenditure allowance (\u20b99,000 per month per child), and transport allowance for transport system employees (70% subject to \u20b925,000 per month). HRA computation covers the three-limb formula with worked examples, including the reclassification of Hyderabad, Pune, Ahmedabad, and Bengaluru to the 50% metro tier from AY 2026-27\r\n[Presumptive Taxation\u2014Full Treatment with 1961 Act vs. 2025 Act Comparison] All three sub-schemes under section 58 of the 2025 Act are covered with comparative illustrations. A critical difference is highlighted: under the 2025 Act, an assessee declaring income below the presumptive rate must maintain books and undergo audit if income exceeds the basic exemption limit, irrespective of prior-year history under the scheme, a departure from the more lenient position under the 1961 Act\r\n[Updated Return\u2014Multi-Scenario Analysis] Covers the two key Finance Act 2026 amendments\u2014permitting updated return filing where a declared loss is reduced, and permitting updated return filing even after a reassessment notice under section 280, subject to a graded additional tax structure of 34% to 70% depending on the timing of filing. A four-scenario tax burden comparison (voluntary disclosure, post-notice updated return, full reassessment, and immunity) is worked through with complete rupee computations\r\n[TDS\/TCS\u2014Exhaustive Coverage Across 100+ Provisions] Every withholding provision under section 393 of the 2025 Act is covered with its 1961 Act equivalent, applicable rates, threshold limits, surcharge and HEC overlay, and form references. Scenario-based illustrations cover salary, professional fees, works contracts, individual\/HUF payments, and cross-border royalties\u2014supported by operative CBDT circulars and landmark judicial rulings\r\n[Penalty Tables\u2014Consolidated and Quantified] A comprehensive penalty reference table lists every default with the applicable section under both Acts, minimum and maximum penalties\u2014including new obligations such as the crypto asset statement under section 409(1) (\u20b950,000 penalty), SFT defaults (\u20b91,000 per day from April 1 2026), and cash transaction violations under sections 165\u2013167\r\n[Life Insurance Policy Taxation\u2014Multi-Variable Case Studies] The four-regime taxability matrix based on policy issuance date and annual premium threshold is explained with consecutive case studies covering varying combinations of sum assured, premium quantum, and PPF contributions\u2014including a money-back policy with staggered payouts, computed under Rule 49 of the Income-tax Rules 2026\r\nThe coverage of the book is as follows:\r\n\r\nReferencers (Part A)\r\nR1 | Tax Rates \u2014 AY 2026-27 (individuals, HUF, senior\/super-senior citizens, firms, companies, co-ops, foreign cos.) with full surcharge and HEC overlay\r\nR2 | Amendments at a Glance \u2014 Finance Act 2026 (Part A), 2025 Act (Part B), 2026 Rules (Part C)\r\nR3 | New Tax Regime \u2014 Sec. 199, 200, 201, 202, 203 and co-operative societies\r\nR4 | Income Computation and Disclosure Standards (ICDS)\r\nR5 | Tax Rates \u2014 Last Ten Assessment Years\r\nR6 | Gold and Silver Rates \u2014 Current Year, Last Ten AYs, as on April 1, 1981 and April 1, 2001\r\nR7 | Tax Saving Schemes at a Glance\r\nR8 | Depreciation Rate Table (Income-tax, Power Generating Units, Companies Act 2013)\r\nR9 | Deductions and Allowances Summary\r\nR10 | Cost Inflation Index\r\nR11 | Interest on NSC\r\nR12 | Withholding Tax Rates (including DTAA-based rates)\r\nR13 | Period of Limitation\r\nR14 | Notice Issue Time Limits under Section 148\/148A of the 1961 Act\r\nR15 | Life Insurance Policy \u2014 Cumulative Computation\r\nR16 | Sections 82\u201388 of 2025 Act (Capital Gains Exemptions \u2014 corresponding to Secs. 54\u201354GA of 1961 Act)\r\nR17 | Carry-Forward of 1961 Act Provisions into 2025 Act Framework\r\nR18 | Key Compliance Dates with Direct Taxes\r\nSubstantive Chapters (Part A\u2014Income Heads) \u2013 The book then provides chapter-by-chapter analysis of every income head, including:\r\nSalaries \u2014 Perquisites, allowances, retirement benefits, ESOP taxation, pension commutation, provident fund, leave encashment, gratuity, VRS exemptions, salary from foreign employer, and regime-specific differential treatment\r\nHouse Property \u2014 Self-occupied vs. let-out, deemed let-out, municipal taxes, standard deduction, interest deduction limits, pre-construction interest, co-ownership, deemed ownership\r\nBusiness and Profession \u2014 Method of accounting, ICDS overrides, depreciation (including additional depreciation eligibility and 30% cap under new tax regimes), disallowances under sections 34, 35 and 36 of the 2025 Act (sections 30, 40, 43B of the 1961 Act), presumptive taxation under all three categories, section 44AA book-keeping obligations, section 44AB audit requirements, GAAR, MAT\/AMT\r\nCapital Gains \u2014 Indexed cost of acquisition, FMV as on April 1, 2001, period of holding for each asset class, capital gains exemption chain (sections 82\u201388 of the 2025 Act), rollover benefits, ULIP capital gains taxation, zero-coupon bonds, electronic gold receipts, capital gains on agricultural land, slump sale, and merger\/demerger tax neutrality\r\nIncome from Other Sources \u2014 Interest on securities, income from machinery\/plant let out, advance money forfeiture, interest on compensation, keyman insurance, life insurance policy taxation (multi-variable matrix), and business trust distributions (specified sum formula: A minus B minus C)\r\nProcedural Chapters\r\nClubbing of Income across spousal, minor child, and HUF dimensions.\r\nSet-off and Carry-Forward if Losses \u2014 Intra-head, inter-head, and the eight-year\/indefinite carry-forward matrix by loss type\r\nExemptions (Schedule II of the 2025 Act) and Chapter VIII-C Deductions \u2014 Full quantum limits with old\/new regime differential\r\nReturn of Income \u2014 All five types (original, belated, revised, updated, and response to notice), all due dates for AY 2026-27 and tax year 2026-27, fee structure for late filing\r\nAdvance Payment of Tax \u2014 Computation, instalment schedule, and interest under sections equivalent to 234B and 234C\r\nDeduction\/Collection of Tax at Source \u2014 Full TDS\/TCS matrix\r\nHow to Compute Tax Liability \u2014 Step-by-step templates by assessee category\r\nPenalty \u2014 Consolidated table with 50+ defaults\r\nInterest \u2014 All charging sections with computation methodology\r\nRegistered non-profit organisations, business trusts, InvITs, tonnage tax, STT, CTT, and cash transaction restrictions\r\nThe book is organised into four discrete parts, each serving a distinct reference function:\r\n\r\nPart A \u2014 Study of Direct Taxes\r\nThe analytical core of the book, containing 18 Referencers, followed by comprehensive chapter-by-chapter coverage of every head of income, procedural provision, and compliance obligation. This section combines statutory analysis, computational illustrations, case studies, and cross-references in a single integrated narrative\r\nPart B \u2014 Tax Tables (AY 2026-27\/Tax Year 2026-27)\r\nPre-computed tax liability tables organised by assessee category (individuals under new and old regime, HUFs, AOPs, BOIs, firms, domestic companies, foreign companies, co-operative societies) and by TDS\/TCS rate category. Eliminates computational error at the point of calculation\r\nPart C \u2014 Market Quotations\r\nGold and silver rate tables, essential for computing fair market value and indexed cost of acquisition in capital gains computations\r\nPart D \u2014 Tax Tables of Past Six Assessment Years (AY 2020-21 to AY 2025-26)\r\nHistorical tax computation tables for individuals, HUFs, and AOPs\u2014enabling backward-looking liability computation for pending assessments, reassessments, and appeals without recourse to prior-year volumes\r\n","created_at":"2026-06-06 12:26:26","video":null},{"id":"38","title":"Taxmann Master Guide ti income tax rules 2026-27","price":"3195.00","tax":null,"image":"https:\/\/api.lakshmilawhouse.com\/PhpBackend\/images\/1780729444_mg to it rules 2026.jpg","category":"Professional Books","type":"book","description":"Master Guide to Income Tax Rules 2026 is Taxmann's flagship, rule-wise treatise on the Income-tax Rules 2026, notified vide G.S.R. No. 198(E), dated 20-03-2026, and brought into force as the subordinate legislative framework operationalising the Income-tax Act 2025. Spanning over 1,700 pages, the work undertakes a complete and systematic reconstruction of procedural income tax law in India under the new statutory regime. Every one of the 333 rules contained in the Income-tax Rules 2026 is addressed in a dedicated, self-contained commentary that maps the new rule to the following:\r\n\r\nIts parent provision in the Income-tax Act 2025\r\nThe corresponding rule under the Income-tax Rules 1962\r\nThe corresponding form (where applicable) under both the new and old frameworks\r\nThe treatise thus simultaneously functions as a rule-wise commentary, a comparative concordance and a transition manual for the change-over from the Income-tax Act 1961\/Income-tax Rules 1962 regime to the Income-tax Act 2025\/Income-tax Rules 2026 regime.\r\n\r\nThis book is intended for the following audience:\r\n\r\nChartered Accountants, Tax Practitioners, Tax Consultants and Indirect Counsels engaged in direct tax advisory, compliance, opinion work and litigation\r\nAdvocates and Counsels appearing before assessing officers, the Dispute Resolution Committee, the Joint Commissioner (Appeals), the Commissioner (Appeals), the Income Tax Appellate Tribunal, the Authority for Advance Rulings, High Courts and the Supreme Court\r\nIn-House Tax Departments, CFOs, Finance Controllers, Tax Heads and Corporate Secretarial Teams of companies, banks, NBFCs, insurance companies, mutual funds, AIFs, REITs, InvITs, IFSC entities and multinational groups\r\nDepartmental Officers, Faculty of the National Academy of Direct Taxes and Income-tax Department Staff requiring a working bench manual on the 2026 Rules\r\nTransfer Pricing Professionals, International Tax Specialists and TP Officers handling Arm's Length Pricing, Safe Harbour, APA and MAP work\r\nGAAR, Faceless Assessment, Search & Seizure, Prosecution, Recovery and TDS\/TCS Practitioners\r\nTrustees, Administrators and Auditors of recognised provident funds, approved superannuation funds, approved gratuity funds, charitable trusts, registered NPOs and electoral trusts\r\nAcademicians, Researchers, Faculty and Students of National Law Universities, CA\/CS\/CMA programmes, LL.M. programmes in taxation, post-graduate diploma programmes in International Tax and Transfer Pricing, and ICAI\/ICSI\/ICMAI study circles\r\nThe Present Publication is the 33rd Edition | 2026, incorporating G.S.R. No. 198(E), dated 20-03-2026. This book is authored by Adv. M.K. Pithisaria and CA. Abhishek Pithisaria, with the following noteworthy features:\r\n\r\n[Independent Rule-wise Units] Every rule of the 2026 Rules is treated as an independent commentary unit, each opening with a footnoted statutory anchor identifying the relevant section of the 2025 Act and the corresponding rule of the 1962 Rules\r\n[Five-layer Treatment of Each Rule] Every rule is analysed across five layers, comprising:\r\nStatutory background tracing the parent provision in the 2025 Act\r\nSub-rule-wise procedural commentary\r\nTabulated lists of notified items, authorities and forms\r\nA dedicated 'Analysis of changes in 2026 Rules vis-\u00e0-vis 1962 Rules' comparison table identifying every divergence in language, threshold, timeline or procedure\r\nAuthor's Notes flagging interpretational gaps, drafting inconsistencies and silent areas\r\n[Treatment of Omitted, Substituted & Re-numbered Rules] Express treatment of every omitted, substituted and re-numbered rule, with explicit cross-references where a 1962 rule has been merged into, split across, dropped from, or absorbed by a Schedule to the 2025 Act under the 2026 Rules\r\n[Judicial Precedent Coverage] Comprehensive integration of judicial precedent, with the body of each rule incorporating Supreme Court rulings, High Court decisions, ITAT orders, Special Bench rulings and dismissed Special Leave Petitions, each captured with full citation and tagged to the corresponding 1961 Act provisions and the 2025 Act provisions they now align with\r\n[CBDT Material Coverage] Extensive integration of CBDT material, including circulars, notifications, instructions, press releases and clarifications, organised rule-by-rule with the full notification number, date and contextual analysis\r\n[Dedicated Annexures] Extensive use of dedicated Annexures attached to individual rules reproducing the underlying CBDT circulars, departmental clarifications, statutory schemes, guideline-text and notification material referred to in the running commentary, so that the relevant source documents are accessible alongside the analysis\r\n[Four Concordance Tables] Four front-matter concordance tables enabling bi-directional navigation:\r\nRules of 1962 to corresponding Rules of 2026\r\nRules of 2026 to corresponding Rules of 1962\r\nForms of 1962 to corresponding Forms of 2026\r\nForms of 2026 to corresponding Forms of 1962\r\nEach table reproduces the heading of the rule\/form on both sides for instant reconciliation\r\n[Footnoted Citation System] Inline footnoted citations to the precise section, sub-section, clause, sub-clause, proviso and explanation of the 2025 Act, the corresponding 1961 Act provision, and the corresponding 1962 Rule and Form\r\n[Worked Numerical Examples] Worked numerical examples illustrating shifts in counting of limitation periods (e.g., from 'date of receipt of application' under the 1962 Rules to 'end of the month in which application was received' under the 2026 Rules), changes in investment thresholds, timelines for capital deployment, valuation methodology and procedural deadlines\r\n[Transfer Pricing Treatment] OECD and UN-aligned treatment of transfer pricing rules, with detailed application notes on Comparable Uncontrolled Price method, Resale Price Method, Cost Plus Method, Profit Split Method and Transactional Net Margin Method, supplemented with case law on internal versus external comparables, cost basis determination, marketing intangibles and contract manufacturer benchmarking\r\n[Integrated Guideline Material] Statutory guideline material reproduced in full where required\u2014including hospital approval guidelines (with floor area, manpower, equipment and bed-occupancy norms for ISM&H and other facilities), investment patterns for Recognised Provident Funds and Approved Superannuation Funds, electoral trust functioning norms, and infrastructure debt fund setup conditions\r\n[Electronic-filing Matrix] Dedicated electronic-filing matrix mapping every Form, return, statement, report, order and certificate to the relevant DGIT (Systems) notification specifying electronic furnishing under digital signature or EVC\r\nThe substantive coverage of this volume is exhaustive and includes:\r\n\r\nPreliminary, Residence & Source Provisions\r\nDefinitions & Source Rules \u2014 Definitions, residence, source rules, SEP thresholds, attribution of income to Indian assets, and FMV computation for non-residents\r\nDividends, Stock Exchanges & ZCBs \u2014 Declaration and payment of dividends, notification of recognised stock exchanges, notification of zero coupon bonds (complete digest from SIDBI 2006 to NABARD\/REC\/HUDCO\/PFC\/IRFC 2025 issuances) and pro-rata discount computation\r\nSalary, Perquisites & Allied Provisions\r\nPerquisites & Hospital Approval \u2014 Valuation of perquisites, annual accretion under section 17(1)(i), exemption of medical benefits, VRS compensation and hospital approval guidelines (including ISM&H speciality treatment centres)\r\nLTC, HRA & Special Allowances \u2014 Leave Travel Concession\/Assistance (Rule 278), House Rent Allowance (Rule 279) and special allowances for armed forces, para-military forces and other employees (Rule 280, including the new Sundarbans Remote Locality Allowance)\r\nFamily Pension & Salary Reliefs \u2014 Family pension to heirs of armed forces members killed in operational duties (Rule 281), reliefs on salary arrears\/advance, gratuity and taxation of notified-country retirement benefit accounts\r\nBusiness Income, Disallowances & Deductions\r\nRent, Bank Provisioning & Cash Disallowance \u2014 Unrealised rent, bank aggregate average advances for bad-debt provision, depreciation, cash payment disallowance under section 36(4)\/36(7) with full jurisprudence, and preliminary expenses\r\nScientific Research & Specified Projects \u2014 Mineral prospecting, scientific research (with approval framework for research associations, universities and companies), agricultural extension and skill development projects\r\nSpecified Businesses & Cruise Ships \u2014 Affordable housing and semi-conductor wafer fabrication units, spectrum right expenditure, bad-debt interest of specified financial institutions, royalty and FTS, cruise-ship non-residents and section 61(2) resident companies\r\nBooks, Audit & ULIP Gains \u2014 Books of account under section 62, audit reports under section 63, other electronic payment modes, ULIP capital gains and attribution of income to capital assets remaining with specified entities\r\nFeature Films & Composite Income \u2014 Composite agricultural-business income (Rule 270), rubber\/coffee\/tea manufacture (Rule 271), feature film production and distribution rights (Rules 272 and 273) and activities not constituting business connection in India (Rules 274 to 276)\r\nCapital Gains, Valuation & Reorganisation\r\nHolding Period & Currency Conversion \u2014 Period of holding, stay of crew of foreign-bound ships and rupee-foreign currency conversion for capital gains\r\nOriginal Funds, Slump Sale & FMV \u2014 Original fund conditions, FMV computation and accountant's report on slump sale, Valuation Officer references, FMV determination for sections 26, 79 and 92, life insurance income under section 92(2)(l) and carry-forward of loss\/depreciation in amalgamation\r\nDeductions & Reliefs\r\nDisability, Disease & Eminent Institutions \u2014 Disability deductions under sections 127 and 154, prescriptions for specified diseases, approval of universities of national eminence under section 133, donations and electoral trusts, rent paid deduction and audit reports for various deductions\r\nDouble Taxation Relief & FTC \u2014 Certificates and documentation for double taxation relief under section 159 and the Foreign Tax Credit framework (Rule 76)\r\nInternational Tax & Transfer Pricing\r\nALP Framework \u2014 Arm's Length Pricing under Rules 77 to 81 (CUP, RPM, CPM, PSM, TNMM), multi-year ALP option, repatriation timeline and secondary adjustment interest under section 170\r\nTP Documentation & Safe Harbour \u2014 TP documentation under section 171, accountant's report under Rule 85 and Safe Harbour Rules (Rules 86 to 102)\r\nAPA, MAP & CbC Reporting \u2014 APA framework (Rules 103 to 120 and 122), section 206(1)(i) relief, MAP (Rule 121) and CbC reporting (Rule 124)\r\nAnti-Avoidance & Special Computations\r\nGAAR \u2014 GAAR consequences, carve-outs and reference to PCIT\/CIT (Rules 127 to 132)\r\nGaming, New Regime, MAT\/AMT & Specified Funds \u2014 Online gaming net winnings (Rule 135), new tax regime option (Rule 136), MAT\/AMT accountant's reports (Rules 137 and 138), specified fund computation (Rules 139 to 144), securitisation trust\/VCU\/business trust\/investment fund statements (Rule 145) and the Tonnage Tax Scheme (Rule 146)\r\nPF Interest Computation \u2014 Taxable interest on PF contributions exceeding specified limits (Rule 277)\r\nAssessment, Search & Procedural Provisions\r\nSearch, Seizure & Distraint \u2014 Search and seizure (Rules 148, 149 and 150), requisition of books, release of assets under section 250, distraint and sale, and disclosure under section 258(2)\r\nPAN, Returns & Faceless Assessment \u2014 PAN allotment and quoting (Rules 157 to 162), return filing\/verification, updated returns under section 263, defective returns, faceless assessment (Rule 175), modified returns on business reorganisation (Rule 177), TDS credit application (Rule 178), notice of demand under section 289 (Rule 179) and block assessment return (Rule 180)\r\nCharitable & Non-Profit Organisations\r\nNPO Registration & Compliance \u2014 Registration and approval of NPOs (Rule 181), commercial-activity gains, application to related persons, deemed application, accumulation, books, audit, accreted income and donation statements (Rules 182 to 191)\r\nAppellate, Dispute Resolution & Advance Rulings\r\nAppeals, DRC & BAR \u2014 Service of orders, additional evidence before JCIT(A)\/CIT(A), Tribunal appeals and cross-objections, section 375 declarations, deferment applications, Dispute Resolution Committee (Rules 196 to 199) and Board for Advance Rulings (Rules 200 to 202)\r\nTDS, TCS, Recovery & Compliance Reporting\r\nTDS, TCS & Recovery \u2014 TDS and TCS under Rules 203 to 221, advance tax by AO order, TRO recovery, tax clearance certificates, section 434 refunds, service of notices, authentication of communications and annual statement by non-resident liaison offices\r\nSFT, Crypto & AIS \u2014 SFT and reportable accounts (Rules 237 to 240), Crypto-Asset reporting (Rules 241 to 244), AIS (Rule 245), registration of valuers (Rules 246 to 249), authorised representatives (Rules 250 to 268) and interest computation (Rule 269)\r\nExempt Income & Fund-related Provisions\r\nPension Funds & Schedule V \u2014 Pension funds (Rule 282) and minimum investment\/exempt income computation under Schedule V (Rule 283)\r\nIFSC, Fund Relocation & Welfare Funds \u2014 IFSC offshore banking unit forward contracts\/derivatives (Rule 284), fund relocation capital gains (Rule 285), employee welfare funds (Rule 286) and government grant threshold for substantially financed institutions (Rule 287)\r\nIDFs & Electoral Trusts \u2014 Infrastructure debt fund setup (Rule 288) and electoral trust functioning (Rule 289)\r\nTea\/Coffee\/Rubber & Site Restoration \u2014 Audit reports under Schedules IX and X for tea\/coffee\/rubber development accounts and site restoration funds (Rules 290 and 291)\r\nProvident, Superannuation & Gratuity Funds\r\nRecognised Provident Funds \u2014 Rules 292 to 300\r\nApproved Superannuation Funds \u2014 Rules 301 to 315, with the prescribed investment pattern across Government securities, debt and short-term debt instruments, equities, and asset-backed\/trust-structured investments (including derivatives, turnover ratio and fiduciary duty norms)\r\nApproved Gratuity Funds \u2014 Rules 316 to 329\r\nInsurance Reserves, Schedule XV Approvals & Electronic Compliance\r\nInsurance Reserves & Schedule XV \u2014 Reserves for unexpired risks (Rule 330) and approval under paragraph 1(z) of Schedule XV for infrastructure facilities and mutual funds (Rule 331)\r\nElectronic Furnishing & Payment \u2014 Electronic furnishing of forms, returns, statements, reports, orders and certificates (Rule 332, with the complete inventory of e-filing forms) and mandatory electronic payment of tax, interest, fee and penalty by companies and tax-audit assessees (Rule 333)\r\nThe volume opens with four cross-reference concordance tables, and then proceeds rule-by-rule from Rule 1 through Rule 333. Each rule-unit follows a uniform internal architecture:\r\n\r\nStatutory Anchor Header \u2014 A header identifying the rule of the 2026 Rules, the relevant section of the 2025 Act and the corresponding rule of the 1962 Rules, captured in a footnote anchor\r\nStatutory Background \u2014 Setting out the parent provision in the 2025 Act and the rationale for the procedural prescription\r\nSub-rule wise Procedural Commentary \u2014 Paragraphs explaining procedural requirements, prescribed authorities, application formats, accompanying documents, timelines, disposal mechanics, conditions and consequences\r\nTabulated Notified Items \u2014 Tabulated lists of items notified under the rule (ZCBs, pension funds, IDFs, affordable housing projects, semi-conductor units, agricultural extension projects, skill development projects, universities of national eminence, allowances, hospitals, etc.) with full citation of the underlying S.O.\/G.S.R.\/Notification number and date\r\nComparative Table | 2026 Rules vis-\u00e0-vis 1962 Rules \u2014 A point-by-point comparison of every divergence between the old and new positions, accompanied by illustrative numerical examples and timeline calculations\r\nAuthor's Notes & Footnotes \u2014 Author's Notes flagging gaps, anomalies, drafting issues and silent areas, with footnotes anchoring the discussion to corresponding statutory provisions, rules and forms\r\nThe work is supported throughout by inline citations of judicial precedent at the level of each sub-paragraph, with case names, citations, court benches and dispositions clearly indicated, and by inline citations of CBDT circulars, notifications, instructions and clarifications, with their full reference numbers and dates.\r\n\r\n","created_at":"2026-06-06 12:34:04","video":null},{"id":"39","title":"Taxmann Trusts & NPOs Ready Reckoner 2026","price":"2795.00","tax":null,"image":"https:\/\/api.lakshmilawhouse.com\/PhpBackend\/images\/1780729643_trust and npos 2026.jpg","category":"Professional Books","type":"book","description":"Trusts & NPOs Ready Reckoner This is a structural and analytical commentary on the law governing Indian non-profit organisations under the Income-tax Act 2025, as amended by the Finance Act 2026. It walks through every operative provision of Part B of Chapter XVII (Sections 332 to 355) in statutory sequence, maps each provision to its counterpart under the Income-tax Act 1961, and addresses contentious issues with reference to judicial precedent. It engages with the Income-tax Rules 2026, Schedule XVI on permissible modes of investment, and the redesigned Form 104\u2013114 architecture, which replaces Forms 10A, 10AB, 10AC, 10AD, 9A, 10, 10B, and 10BD. The authors together bring over three decades of practice in the charitable and voluntary sector, and the commentary is designed as the working reckoner for the complete life cycle of a registered non-profit organisation under the new statute.\r\n\r\nThis book is intended for the following audience:\r\n\r\nChartered Accountants, Tax Practitioners, Audit Professionals and Consulting Firms advising public trusts, registered societies, Section 8 companies, universities, hospitals, religious institutions and government-financed entities\r\nIn-House Finance, Compliance, Legal and Secretarial Teams of NPOs, Foundations, Religious Trusts, Educational and Medical Institutions, Research Bodies and Statutory Authorities\r\nTrustees, Governing Council Members, Settlors, Founders and Senior Executives responsible for registration, governance, accumulation decisions, investment policy, related-party transactions and statutory filings\r\nCSR Heads, Corporate Sustainability Teams, CFOs and Boards of CSR-Eligible Companies handling implementing-agency due diligence, impact assessment, project structuring, surplus management and CSR expenditure\r\nInternational Donor Agencies, Philanthropic Foundations and Grant-Making Bodies routing funds through Indian NPOs or operating India-facing programmes\r\nCounsel, Litigators and Tax Controversy Professionals handling registration, cancellation, accreted income, anonymous donation, related-person benefit and Schedule-based exemption proceedings before assessing officers, the CIT(A), ITAT, High Courts and the Supreme Court\r\nDepartmental Officers (PCIT\/CIT and Assessing Officers) examining registration applications, audit reports, ITRs, accumulation statements, change-of-purpose applications and accreted income computations\r\nCo-operative Societies, Mutual Concerns, Clubs and Member-Based Associations, navigating the intersection of the doctrine of mutuality with the NPO framework\r\nAcademicians, Researchers, Faculty and Students of taxation law, charity law and not-for-profit governance, particularly those tracking the ITA 1961 to ITA 2025 transition\r\nThe Present Publication is the 7th Edition | 2026, amended by the Finance Act 2026 along with references to the Income-tax Rules 2026 and operative Forms 104 to 114. This book is authored by Dr Manoj Fogla, CA. Suresh Kumar Kejriwal & CA. Tarun Kumar Madaan, with the following noteworthy features:\r\n\r\n[Lifecycle-based Architecture] Built around Part B of Chapter XVII, with each chapter aligned to a specific stage in the registered NPO life cycle\u2014from registration under Section 332 through to interpretation under Section 355\r\n[Uniform Chapter Design] A consistent internal architecture across all 78 chapters\r\nChapter Summary\r\nStatutory Text Reproduced Verbatim\r\nConceptual Analysis\r\nWorked Illustrations\r\nComparative Tables\r\nJudicial Precedent\r\nClosing Comparative Paragraph against the ITA 1961\r\n[ITA 1961 vs ITA 2025 Comparison] Section-by-section comparative mapping of every material provision under the ITA 2025 against its ITA 1961 counterpart, identifying continuities, departures, re-locations and silent omissions\u2014notably the disappearance of Section 164(2) rate-protection, the 'property held under trust' language and the express new category of 'residual income'\r\n[Form-wise Practical Guides] Coverage of the entire Form 104 to Form 114 family\u2014field-wise summaries, timelines, processing mechanics and consequences of non-filing\u2014together with a comparative mapping against Forms 10A, 10AB, 10AC, 10AD, 9A, 10, 10B and 10BD; supplemented by a clause-wise walkthrough of Form 112 (unified audit report) across its 43 numbered clauses and Schedules A to ZL, covering related-person disclosure, specified violations, depreciation contraventions, loans and deposits, and Chapter XIX-B TDS\/TCS compliance\r\n[Transition & Parallel Regimes] Dedicated treatment of the Section 536 savings framework and the resulting need to operate under the ITA 1961 and the ITA 2025 in parallel for several years\r\n[GPU vs Non-GPU & Size-based Classification] Distinct treatment of GPU and non-GPU NPOs throughout, reflecting the structural segregation under Sections 345 and 346 (with the 20% receipts threshold for GPU entities); together with coverage of the Small\/Large Registered NPO classification\u2014the revised thresholds of \u20b95 crore regular income, \u20b910 lakh foreign contribution and \u20b910 lakh application outside India, and the ten-year extended validity for small NPOs under Section 332(5)\r\n[Contentious & Grey-area Issues] Engagement with the migration of judicial precedent from an exemption regime to a regulatory code; the ejusdem generis question on Section 2(49)(w); indexation on capital gains; diversion-by-overriding-title; QR-code era anonymous donations; the interaction between Section 311 and unregistered NPOs (with Circular No. 320 of 11th January 1982); and the continued allowability of CSR expenditure under Sections 28, 33, 45, 47 and 133\r\n[Landmark Judicial Rulings] Treatment of landmark rulings whose continued application under the ITA 2025 is expressly assessed\u2014CIT v. Institute of Banking Personnel Selection, Bangalore Club v. CIT, CIT v. Secundrabad Club, Yum! Restaurants (Marketing) v. CIT, Chelmsford Club v. CIT and CIT v. Bankipur Club\r\n[Author Notes] Flags revisions to MCA FAQs, departmental positions and judicial developments where the position has moved since the underlying guidance was issued\r\n[Self-contained Appendices] Three Appendices reproducing the relevant Sections of the ITA 2025, Rules of the Income-tax Rules 2026 and Forms\u2014making the volume self-contained\r\nThe coverage of the book is as follows:\r\n\r\nLegislative Evolution & Structural Reform\r\nThe journey from the ITA 1961 to the ITA 2025: Budget speech, Bill, Select Committee Report, withdrawal, re-introduction, passage, Presidential assent and entry into force; the structural simplification (800+ sections, 1,200+ provisos, 900+ Explanations reduced to 536 self-contained sections); the unified 'tax year' concept; the relocation of permissible modes from Section 11(5) to Schedule XVI; the consolidation of NPO provisions from Chapters I, III, VIA, XII and XII-EB of the ITA 1961 into the single self-contained code of Part B of Chapter XVII (Sections 332\u2013355); the new concept of 'Registered Non-Profit Organisation' under Section 355(g); the meaning of 'specified provision' under Section 355(m); and the disappearance of the dual registration\/approval track\r\nConceptual Shift & Savings Framework\r\nThe shift from exemption language to computation language; the relocation from Chapter III to Chapter XVII-B; the contrast between the declared intent of 'no structural change' and the actual statutory design; and the savings framework under Section 536 governing pre-1 April 2026 matters\r\nCharitable & Religious Purpose | Foundational Definitions\r\nMeaning and scope of 'Charitable Purpose' under Section 2(23) across all limbs\u2014relief of the poor, education, yoga, medical relief, preservation of environment and monuments, and advancement of any other GPU object\u2014and the relocation of the GPU commercial-activity proviso from the definition to Section 346; meaning and scope of 'Religious Purpose'; partly charitable and religious NPOs; public versus private religious purposes; benefit to a particular religious community or caste; and foundational definitions ('tax year', 'person', 'income' under Section 2(49), 'total income') in NPO context\r\nConstitution of NPOs & Amendment of Trust Deeds\r\nConstitution of NPOs across legal forms (public trust, registered society, Section 8 company, university, educational institution, hospital); comparative tables; interaction with the Indian Trusts Act, Societies Registration Act, Companies Act, FCRA and GST; and amendment of trust deeds (rectification, supplementary deeds, Section 92 CPC, Section 34 Indian Trusts Act, Section 26 Specific Relief Act, civil court decrees and prospective operation)\r\nRegistration Framework\r\nThe complete registration framework: eligible applicants under Section 332(1); eligibility conditions under Section 332(2); the seven-row Table under Section 332(3) prescribing time limits, order timelines and validity; provisional registration (3 years), regular registration, conversion, renewal, reactivation and re-registration on modification of objects; ten-year validity for small NPOs under Section 332(5); deemed registration; re-registration of pre-2021 entities under Section 332(9); condonation of delay under Section 332(4); absence of dissolution and irrevocability clauses; trusts without written instruments; scope of PCIT\/CIT inquiry under Section 332(7); rejection consequences and remedies; switching of regimes under Section 333; and approval for donations under Section 354\r\nRegistration Forms 104 to 107\r\nPractical guides to Form 104 (provisional registration), Form 105 (regular registration), Form 106 (order of provisional registration) and Form 107 (order of regular registration): Part A and Part B, field-wise summaries, processing, validity, withdrawal, surrender and cancellation\r\nComputation & Classification of Income\r\nComputation and taxation of income under Section 334: step-wise mechanism, applicable tax rates for Tax Year 2026\u201327, and the maximum amount not chargeable to tax as the compliance trigger for Sections 347\u2013349; classification under Section 334 into regular, specified and residual streams; migration between streams; aggregation of regular income; income versus receipt; activity income versus commercial income; fund-raising and membership fees; exclusions from regular income\r\nSpecified Income & Anonymous Donations\r\nSpecified income under Section 337: anonymous donations, application for non-charitable purposes, application out of corpus or accumulated income not invested in permissible modes, deemed corpus violations, additional income under Section 344; trigger stage and year of taxability; flat 30% rate. Anonymous donations under Section 337: meaning, threshold mechanism, exclusions for religious and partly religious\/charitable trusts, donations with specific directions, capacity of donor, distinction from unaccounted donations, interaction with Section 102 (the new Section 68) and Sections 103\u2013105, QR-code era treatment, and continued relevance of Section 115BBC circulars and case law\r\nResidual Income, Corpus & Deemed Corpus Donations\r\nResidual income under Section 355(j); corpus donations under Section 339 and deemed corpus donations under Section 340 (renovation of religious places): conditions, exclusion from regular income, separate bank accounts and consequences of non-fulfilment\r\nProject Grants, TDS Implications & Donations in Kind\r\nProject grants\u2014whether income, whether voluntary contributions, implications of Section 2(49)(w) and the ejusdem generis question, ICDS-VII, post\u20131 April 2016 corpus treatment, subsidies as no-longer capital receipts, and the determination framework under the ITA 2025; TDS on grant receipts and the principle that TDS does not change the nature of the receipt; donations in kind\u2014gold and jewellery as capital receipts, Circular No. 580 of 14 September 1990, in-kind assets in permissible and impermissible modes, time limits for conversion, eligibility under Section 133 (the new Section 80G), payments to suppliers, and conversion of loans into donations\r\nApplication of Income\r\nApplication of income under Section 341: four-level structure (Section 341(3) express disallowances, Section 341(4) source restrictions, Section 341(1)(a) non-compliance disallowance, structural exclusions); the 85% rule; application versus spending; revenue versus capital expenditure; loans by educational trusts; payment of taxes and penalties; application in kind; investment versus application; diversion-by-overriding-title; the India requirement and global objects; application outside India under Section 338(a); sources of application other than regular income (loans, corpus, accumulated income, deemed application, specified and residual income); inter-NPO donations and the carve-out for corpus donations; and ineligible application\r\nCapital Gains, Depreciation & Set-off\r\nCapital gains under Sections 341(9) and 341(10): reinvestment in another capital asset, statutory 15% accumulation, indexation, applicability of Section 78, legislative history under Section 11(1A); depreciation under Section 341(3)(a): no-double-deduction, depreciation on loan\/corpus\/in-kind assets, cash-basis allowability, Section 11(6) jurisprudence; set-off and carry forward of deficit and non-applicability of Chapter VII; deemed application under Sections 341(5)\u2013(7) and the rationalised Form 108 timeline aligned with Section 263(1)\r\nAccumulation & Deemed Accumulation\r\nAccumulation under Section 342: five-year limit, investment in Section 350 modes, consequences of breach, comparison with deemed accumulation and deemed application; legislative history and jurisprudence under Section 11(2); the new Forms 109, 110 and 111 framework for accumulation, change of purpose and Assessing Officer's order; deemed accumulated income (the 15% statutory retention) under Section 343\r\nCommercial Activities\r\nBusiness undertakings under Section 344; incidental commercial activities by non-GPU NPOs under Section 345; restrictions on GPU NPOs under Section 346 (with the 20% receipts threshold and the actual carrying out\" requirement); manner of computation under Rule 182; separate books; consequences of non-compliance; interaction with general business income provisions; controversy around PGBP applicability; Delhi ITAT position on non-applicability of tax audit; powers of the Assessing Officer under Section 344; and the author's view on whether rules and forms can override the Act\r\nCompliance, Audit & Investment Framework\r\nCompliance under Sections 347\u2013350: books of account under Section 347 and Rule 187; audit under Section 348 (threshold, form, due date, consequences); ITR filing under Section 349 read with Section 263; belated, revised and updated returns; clause-wise practical guide to Form 112 (43 clauses, Small\/Large classification, Schedules A to ZL); statement of donations under Section 354 and Rule 190 (Forms 113 and 114); permissible investments under Section 350 read with Schedule XVI; impermissible investments and consequences (entire investment treated as specified income); investments in Section 8 and incubatee companies; and case law on Section 13(1)(d)\r\nViolations, Cancellation, Merger & Accreted Income\r\nBenefit to a related person under Section 351 read with Section 355(h)\u2014meaning of related person, indicators of benefit, computation and consequences; cancellation of registration under Section 351 (seven specified violations, procedure, effective date, six-month time limit, judicial principles on genuineness versus eligibility, commercial activity, burden of proof, procedural fairness and change of objects); merger of NPOs under the new Section 354A (immunity from accreted income tax, alignment with Section 12AC); tax on accreted income under Section 352 (formula A = B \u2013 C, FMV computation, maximum marginal rate, four-row payment Table); and special computation under Section 353 limiting allowable expenditure for substantive non-compliances\r\nSchedule-based Exemptions\r\nGovernment-financed educational and medical institutions (Schedule VII \u2013 Sl. Nos. 17 and 18); small educational and medical institutions with receipts up to \u20b95 crore (Schedule VII \u2013 Sl. No. 19) with anonymous donation treatment under Sl. No. 19(e); specified income exemption for statutory authorities (Schedule III \u2013 Sl. No. 36); statutory authorities exempt from tax (Schedule VII \u2013 Sl. No. 42); income-based versus entity-based exemptions; and switching of regimes under Section 333\r\nCSR Framework & Tax Implications\r\nCorporate Social Responsibility under Section 135 of the Companies Act 2013\u2014applicability, CSR Committee, annual action plan, eligible expenditure, items not includible, capital assets, implementing partners, unspent amount, surplus, excess expenditure and set-off, reporting and disclosure, impact assessment, and penal implications under Sections 135(7), 134(8) and 450\u2014with 70 practical FAQs anchored in MCA clarifications; tax implications under the ITA 2025\u2014disallowance under Section 34(2)(b); residual eligibility under Sections 28, 33, 45, 47 and 133; Swachh Bharat Kosh and Clean Ganga Fund exclusions under Section 133(1)(a)(xx) and (xxi); the MAT position; and the treatment of income from CSR activities\r\nDoctrine of Mutuality\r\nThe three conditions (identity, no profit-making, control over surplus); limitations (transactions with non-members, bank deposit interest); the post-Bangalore Club position; interaction with statutory inclusions under Section 2(49); and whether charity and mutuality can co-exist\r\nTaxation of Unregistered NPOs\r\nHead-wise computation; voluntary contributions as 'Income from Other Sources'; incidental expenditure allowability under Section 93(1)(e) (the new Section 57(iii)); tax rates for AOPs\/BOIs\/AJPs under both default and old regimes; AMT; Section 8 company rates under Sections 199\u2013201; applicability of Section 311 with the protection of Circular No. 320 of 11 January 1982; compliance framework (return under Section 263, TDS, advance tax, tax audit under Section 63 read with Form 26, set-off and carry forward); and a comparative parameter-wise table of registered versus unregistered NPOs\r\nThe volume is organised across 14 Parts and 78 Chapters (numbered 1 to 77, with Chapter 32 split into 32A on Corpus Donation and 32B on Deemed Corpus Donation), supported by three Appendices. The Parts follow the operational sequence of the registered NPO life cycle and group into five thematic blocks:\r\n\r\nBlock I | Conceptual & Legislative Framework | Chapters 1\u20138 (Parts I\u2013II) \u2014 Evolution from the ITA 1961 to the ITA 2025; the special regime under Part B of Chapter XVII; comparative mapping; key changes; architecture of Sections 332\u2013355; meaning of 'Charitable Purpose' and 'Religious Purpose'; and foundational definitions in NPO context\r\nBlock II | Constitution & Registration | Chapters 9\u201325 (Parts III\u2013IV) \u2014 Constitution of NPOs and amendment of trust deeds; the complete registration framework\u2014eligibility, initial entry, subsequent stages, condonation, dissolution\/irrevocability, oral trusts, PCIT\/CIT powers, rejection and remedies, switching of regimes, approval for donations under Section 354; practical guides to Forms 104\u2013107; and the comparative ITA 1961 vs ITA 2025 registration analysis\r\nBlock III | Income: Classification, Application & Accumulation | Chapters 26\u201350 (Parts V\u2013VII) \u2014 Computation and taxation of NPO income; classification into regular, specified and residual streams; anonymous donations; corpus and deemed corpus donations; project grants; Section 2(49)(w); TDS; donations in kind; application within and outside India; judicial principles; sources of application; inter-NPO donations; ineligible application; capital gains and depreciation; set-off and carry forward; deemed application and Form 108; accumulation and deemed accumulation under Sections 342\u2013343; Forms 109, 110 and 111\r\nBlock IV | Commercial Activities, Compliance & Audit | Chapters 51\u201363 (Parts VIII\u2013IX) \u2014 Business undertakings under Section 344; commercial activities by non-GPU and GPU NPOs under Sections 345 and 346; applicability of business computation and tax audit; books of account, audit under Section 348 and clause-wise guide to Form 112; ITR filing under Section 349; statement of donations and Forms 113 and 114; permissible and impermissible modes of investment under Section 350 and Schedule XVI; investments in Section 8 and incubatee companies.\r\nBlock V | Violations, Consequences & Special Regimes | Chapters 64\u201377 (Parts X\u2013XIV) \u2014 Benefit to a related person; cancellation of registration; merger under Section 354A; tax on accreted income under Section 352; special computation under Section 353; Schedule-based exemptions across Schedules III and VII; the CSR framework and tax implications under Sections 34 and 133; Doctrine of Mutuality; and taxation of unregistered NPOs\r\nAppendices\r\nAppendix I\u2014Relevant Sections of the ITA 2025\r\nAppendix II\u2014Relevant Rules of the Income-tax Rules 2026\r\nAppendix III\u2014Relevant Forms 104 to 114, including Form 112 with its complete Schedule architecture\r\nUniform Chapter Sequence \u2014 Each chapter follows a consistent internal sequence\r\nChapter Summary\r\nStatutory backdrop and ITA 1961 position with a Corresponding Provisions block and section-mapping table\r\nThe ITA 2025 provision (as amended by the Finance Act 2026) reproduced verbatim where relevant\r\nConceptual exposition with worked illustrations and comparative tables\r\nTreatment of contentious issues with judicial precedent; practical compliance guidance with Form-wise walkthroughs and checklists\r\nA closing comparative summary\u2014often accompanied by Author Notes flagging unresolved questions and practical takeaways\r\n","created_at":"2026-06-06 12:37:23","video":null},{"id":"40","title":"Taxmann Faceless Assessment Appeals & Penalty 2026","price":"1695.00","tax":null,"image":"https:\/\/api.lakshmilawhouse.com\/PhpBackend\/images\/1780730253_faceless assessment 2026.jpg","category":"Professional Books","type":"book","description":"Faceless Assessment Appeals & Penalty \u2013 Law | Procedure | Practical Guide is a practitioner's reference on India's faceless tax regime as it stands after the Finance Act 2026. It treats the three pillars of departmental adjudication\u2014faceless assessments, faceless first appeals (CIT(A) and JCIT(A)) and faceless penalty proceedings\u2014together with the allied e-schemes (verification, valuation, jurisdiction, escaping assessment, advance rulings, rectification, dispute resolution) that now sit alongside them.\r\n\r\nThe defining feature of this Edition is its parallel handling of the Income-tax Act 1961 and the Income-tax Act 2025 during the transitional period: every section, rule, form and procedural reference is mapped to its counterpart in the other statute (section 144B \u2194 section 273; section 270A \u2194 section 439; section 245MA \u2194 section 379; section 273A \u2194 section 469; section 273B \u2194 section 470; section 250 \u2194 section 359; section 263 \u2194 section 377; Rule 46A \u2194 Rule 192; Form 35 \u2194 Form 99) so the reader can argue under either Act without losing their footing.\r\n\r\nThe book combines black-letter exposition with three layers of practitioner-facing material:\r\n\r\nThe internal CBDT Standard Operating Procedures of every faceless unit reproduced and broken down question-by-question\r\nAn original survey of 25 senior tax practitioners on the lived experience of seven years of faceless practice\r\nFifteen worked case scenarios with full specimen submissions covering the issues that recur most often in scrutiny and re-assessment work\u2014bogus purchases, cash deposits, change of opinion, denial of cross-examination, on-money additions, penny stocks, sanction without application of mind, and others\r\nThe writing places deliberate emphasis on the craft of written advocacy, on the footing that the disappearance of the personal hearing has made the quality of the written submission almost the only thing that remains in the practitioner's control.\r\n\r\nThis book is intended for the following audience:\r\n\r\nChartered Accountants and Advocates representing assessees in scrutiny, re-assessment, first-appeal and penalty proceedings under the faceless regime\r\nIn-House Direct Tax Teams of Corporates, MSMEs, Family Offices and High-Net-Worth Individuals managing the assessment-to-Tribunal litigation cycle\r\nSenior Counsel and Partners requiring a consolidated reference that handles the Income-tax Act 1961 and the Income-tax Act 2025 in parallel during the transitional years\r\nTax Consultants and Authorised Representatives drafting grounds of appeal, statements of facts, condonation petitions, affidavits, applications for additional evidence, stay applications, and written submissions\r\nDepartmental Officers seeking a structured account of the SOPs of the Assessment, Verification, Technical, Review, Penalty and Penalty Review Units, and the legal limits on each\r\nTax Counsel preparing for writ proceedings on faceless infirmities, who need a curated digest of the natural-justice jurisprudence emerging from the High Courts since 2021\r\nPractitioners moving from the conventional regime into faceless practice who need an end-to-end procedural bridge\r\nFaculty, Students and Trainees on the ICAI, BCAS, CTC and AIFTP representation-and-drafting courses\r\nThe Present Publication is the 2nd Edition | 2026, amended by the Finance Act 2026. This book is authored by Adv. Kinjal Bhuta, with the following noteworthy features:\r\n\r\n[Dual-Statute Mapping] Provision-wise comparative tables linking every section, rule and form of the Income-tax Act, 1961\/Rules 1962 with the Income-tax Act 2025\/Rules, 2026, extending across penalty, appellate, rectification, revision and limitation provisions\r\n[Finance Act 2026 Penalty Amendments] Dedicated treatment of the section 466 (272AA) maximum penalty hike from \u20b91,000 to \u20b925,000; the section 102 (115BBE) special rate cut from 60% to 30% with the offsetting 200% penalty pushing the effective burden from 85.80% to 117%; the section 440 (270AA) immunity extension to misreporting on payment of additional 100% tax; the new crypto-asset reporting penalty regime under sections 446 and 509 (271B and 285BAA); and the \u20b91 lakh cap on the SFT failure penalty under section 454 (271FA)\r\n[Common Assessment-and-Penalty Order] Coverage of the section 471 (274) regime introduced by the Finance Act 2025 for orders passed after 1 April 2027, with the author's note on its interaction with the Faceless Penalty Scheme\r\n[Internal CBDT SOPs Decoded] Reproduction and question-by-question decomposition of the SOPs of the Assessment, Verification, Technical, Review, Penalty and Penalty Review Units, including case allocation, response timelines, PCIT approval matrices, Insight and ITBA workflows, AU-1 to AU-9 annexure formats, and inter-unit reference protocols\r\n[FAQ Treatment of Every Scheme] Separate Q&A blocks on the Faceless Assessment, Faceless Appeals 2021, e-Appeals 2023, Faceless Penalty (Amendment) 2022, e-Verification 2021, Faceless Inquiry or Valuation 2022, Faceless Jurisdiction 2022, e-Dispute Resolution 2022, e-Assessment of Income Escaping Assessment 2022, e-Advance Rulings (Amendment) 2023, and e-Rectification (section 157) Schemes\r\n[Annotated Portal Walkthroughs] Step-by-step screen-by-screen guidance covering the response window, attachment rules (5 MB single, 50 MB zipped, 10-attachment limit, 4,000-character remark cap), partial vs. full responses, adjournment windows, e-verification, video-conference scheduling, and Form 99 (Form 35) appeal filing in eight stages\r\n[Procedural Maps] Bird's-eye-view diagrams tracing a case through the faceless pipeline, including the structural arrangement of the centres and units and the communication flow between AU, VU, TU, RU and NaFAC\r\n[Original Practitioner Survey] DIP-stick survey of 25 senior practitioners across metro, tier-2, tier-3 and pan-India practices, with fourteen multiple-choice questions across three sections, generating empirical findings such as 76% citing attachment size as the most pervasive technical problem, 72% flagging video-conference unreliability, 80% dissatisfied with the quality of faceless appellate orders, and only 24% rating the regime as very effective\r\n[Drafting Curriculum] Two-chapter framework built on the 'A, B, C' principles (Accuracy, Brevity, Clarity), the Betty S. Flowers 'Madman, Architect, Carpenter, Judge' role model, the recommended placement of grounds (jurisdictional \u2192 legal\/technical \u2192 merits by quantum \u2192 without-prejudice \u2192 consequential \u2192 prayer), and a Tribunal-tested checklist for statements of facts\r\n[Specimen Drafts Across the Lifecycle] Templates for jurisdictional, technical, natural-justice, merits-based, without-prejudice and prayer grounds, condonation of delay, affidavit, application for additional evidence, stay application, and factual and legal submissions for assessment and appellate stages\r\n[Fifteen Worked Case Scenarios] Chapter 6 specimen submissions covering bogus purchases, cash deposits under section 104 (69A), change-of-opinion re-assessments, denial of cross-examination, additions on documents not furnished, political-party donations, hardship compensation in re-development, re-assessment on incorrect information, additions based only on Investigation Wing reports, non-service of section 281(1) (148A(1)) notice, on-money\/cash payments for property, misreporting penalty under section 439(11) (270A(9)), penny stock additions, sanction under section 284 (151) without application of mind, and section 92(2)(m) (56(2)(x)) on tenancy-rights sales\r\n[Sixteen Procedural Infirmities Digested] Issue-wise case-law digest covering reasonable opportunity, video-conference denial, addition without SCN, opportunity for all additions, missing SCN, reply not considered, non-speaking orders, best judgment not exercised, adjournment ignored, pre-conceived notions, technical glitches, regional-language documents, DRP objections ignored, SOPs not followed, cross-examination and document access denied, and voluminous-attachment hearings\r\n[Doctrines of Construction and Precedent] Treatment of per incuriam, sub silentio, obiter dicta, ratio decidendi, stare decisis, res judicata, estoppel, specific-over-general, statute-over-rules, ejusdem generis, casus omissus, charging vs. machinery provisions, deeming provisions, binding nature of circulars, and the doctrine of precedence, each anchored to leading authorities including Punjab Land Development, Gurnam Kaur, Sun Engineering Works, Balwant Rai Saluja, Radhasoami Satsang and Bagyalakshmi & Co.\r\n[AI in Legal Drafting] Dedicated framework on the responsible use of generative AI, covering risks (citation hallucination, jargon-without-context, voice mismatch, factual drift), practical dos and don'ts, workflow tools (Grammarly, WordRake, QuillBot), and a structured verification protocol for AI-generated case law\r\n[Five Source-Document Appendices] Reproduction of the Faceless Assessment SOP (full A-through-O paragraphing), the Faceless Appeal and e-Appeal Schemes, the Faceless Penalty Scheme with annexures, the suite of other Faceless\/e-Schemes, and the original Press Releases including the 13 August 2020 'Honouring the Honest' announcement and the 25 September 2020 Faceless Appeals launch\r\n[Palkhivala Anchors] Each chapter opens with a curated quotation from Sr. Adv. Nani Palkhivala as the author's tribute, framing the substantive legal analysis that follows\r\nThe coverage of the book is as follows:\r\n\r\nArchitectural Foundations\r\nConstitutional, statutory and administrative framework of faceless tax proceedings, traced from the Tax Administration Reforms Commission (Shome Committee, 2014), through the CASS system, the e-Assessment Scheme of 2019, the Amendment Act of 2020, the insertion of section 144B (now section 273 of the Income-tax Act 2025), and the Finance Act 2026 amendments\r\nFour Iterations of the Assessment Regime\r\nSide-by-side comparison of the Faceless Assessment Scheme 2019, the New Faceless Regime from 1 April 2021, the substituted regime from 1 April 2022 to 31 March 2026, and the Income-tax Act, 2025 framework, covering governing legislation, jurisdiction, scope, draft-order procedure, the Income or Loss Determination Proposal (ILDP) mechanism, the deletion of the 'non est' sub-section, and DRP reference handling\r\nFaceless First Appeals\r\nTreatment of appeals before the JCIT(A) and CIT(A) under the Faceless Appeal Scheme 2021 and e-Appeals Scheme 2023\u2014appealable and non-appealable orders, conditions of admission, the Form 35 to Form 99 transition, electronic filing requisites, additional grounds and evidence, enhancement, transfer, rectification, and progression to the ITAT\r\nFaceless Penalty Proceedings\r\nInitiation, abeyance, show-cause stage, immunity under section 440 (270AA), waiver under section 469 (273A), the section 470 (273B) reasonable-cause defence including the new section 451 and 452 (271DA, 271DB) inclusions, common assessment-and-penalty orders, time limits under section 472 (275), and the risk of multiple penalties allocated across Penalty Units\r\nThirteen Portal-Level Concerns\r\nSession expiry mid-submission, the 5 MB attachment limit and its workarounds, partial vs. full submission strategy, retraction of mistaken attachments, the 15-day adjournment window, time-of-day vs. end-of-day cut-off ambiguity, real-time alert failure, jurisdiction-industry mismatch, non-speaking orders and their interplay with sections 263 and 264 (377\/378), case-law attachment practice, reasonable cause for non-response, partial-submission treatment, and section 144A directions in light of the Income-tax Act, 2025 silence\r\nLegal Conundrums in Practice\r\nInsufficient response time at the show-cause stage, departmental silence on adjournments, set-aside matter procedure, AO failure to exercise best-judgment power, the right to cross-examine and access relied-upon material, orders passed before the SCN deadline, opportunity for all proposed additions, the FAO\u2013JAO controversy on section 148 jurisdiction, validity of orders without DIN, and the live debate on Circular F. No. 225\/157\/2017 compliance for section 143(2) notices (with Bharat Bansal v. NFAC and pending Karnataka and Kerala High Court matters)\r\nDrafting Documents in the Practitioner's Toolkit\r\nGrounds of appeal in their proper hierarchy, statement of facts (descriptive, non-argumentative, mistake-correcting), condonation of delay (day-by-day explanation, affidavit, supporting evidence), affidavit form, application for additional evidence with rule-anchoring, stay application invoking KEC International and Bhupendra Murji Shah, and factual and legal submissions for assessment and CIT(A) stages\r\nDoctrines, Citation Craft and Case-Law Research\r\nStatutory and judicial interpretation as actually deployed in income-tax submissions, with instruction on case-law research, reading and citing an order (full reading, ratio over headnote, speed-reading, three-aspect focus on facts\/issues\/findings), citation discipline (italicisation of verbatim text, single citation, fact-linking), and avoidance of the recent judicial backlash against AI-generated phantom citations\r\nOther Faceless and e-Proceedings\r\nCoverage of the e-Verification Scheme 2021 (with portal workflow, section 133(6) response procedure and the section 139(8A) updated-return option), the Faceless Inquiry or Valuation Scheme 2022, the Faceless Jurisdiction of Income-tax Authorities Scheme 2022, the e-Dispute Resolution Scheme 2022 with its eligibility filters and Form 34BC procedure, the e-Assessment of Income Escaping Assessment Scheme 2022, the e-Advance Rulings (Amendment) Scheme 2023, and e-Rectification under section 157\r\nAlternative Remedies Outside the Faceless Track\r\nE-Nivaran grievance redressal procedure, complaint emails, writ jurisdiction of the High Courts as a last resort, the Right to Information Act with category-wise information sought and FAQ-driven procedure, CPGRAMS, the section 375 (158A) repetitive-appeal protection, immunity provisions under sections 469 and 470 (273A and 273B), the Dispute Resolution Committee under section 379 (245MA), and the High-Pitched Assessment Committee under CBDT Instruction F. No. 225\/101\/2021-ITA-II dated 23 April 2022\r\nContinuing Role of Jurisdictional Authorities\r\nThe JAO's residual statutory powers, the Commissioner's supervisory jurisdiction over unattended rectifications, appeal effect not given, withheld refunds and undecided stay petitions, the PCIT's revision jurisdiction under sections 377 and 378 (263 and 264), the CIT(A)'s continuing power to allow early hearing, additional evidence, video-conference hearing and stay, and the structured escalation pathway from JAO to Addl. Commissioner\/CIT to PCIT before the writ remedy\r\nNatural Justice as Connective Thread\r\nSpeaking-order requirement, opportunity to be heard, right to cross-examine, access to relied-upon documents and video-conference rights, anchored to the sixteen-infirmity case-law digest and supported by Andaman Timber Industries, Canara Bank v. V.K. Awasthy, H.R. Mehta, Healthcare Global, Global Vectra Helicorp, Federal Bank, Arris Estates, C. Chellamuthu, CPF (India), Inox Wind Energy, Hiraben Pragjibhai Tala, Indu Goenka, Fayeza Muffadal Contractor, Antony Alphonse Kevin Alphonse, BL Gupta Construction, KBB Nuts and other recent High Court rulings\r\nThe book is built in two interlocking blocks of four chapters each, followed by five appendices.\r\n\r\nBlock I \u2013 The Faceless Regime Itself (Chapters 1 to 4) \u2014 Chapters 1 to 4 lay the legal and procedural foundation of the faceless mechanism\u2014history and journey, faceless assessments, faceless appeals, and faceless penalty\u2014and each follows a uniform internal architecture so the reader knows where to find each layer of analysis:\r\nJourney-so-far Panel \u2014 Chronological timeline with a master snapshot of CBDT notifications, circulars, instructions and internal orders from 2015 onwards\r\nComparative Provision Table \u2014 Mapping of corresponding sections under the Income-tax Act 1961 and the Income-tax Act 2025 (and Rules, 1962 vs. 2026), with explicit treatment of Finance Act 2026 amendments\r\nScheme FAQ Exposition \u2014 Coverage of scope, units and functions, automated allocation, communication and authentication of electronic records, personal hearing rights, video-conference procedure, and powers to specify formats and processes\r\nBird's-eye-view Diagrams \u2014 Visual maps of the centres, functional units and procedural flow\r\nDecoded SOPs \u2014 Standard Operating Procedures of each unit reproduced question-by-question, with PCIT approval matrices, response timelines, ITBA workflows and Insight database references\r\nPortal Walkthrough \u2014 Step-by-step submission procedure on the e-filing portal with annotated screenshots\r\nPractical Concerns \u2014 Issues arising from portal mechanics in day-to-day practice\r\nLegal Conundrums \u2014 Constitutional and natural-justice questions at stake in faceless proceedings\r\nJurisprudence Digest \u2014 Issue-wise summary of recent High Court and Tribunal rulings\r\nClosing D\u00e9nouement \u2014 Consolidated takeaways at the end of each chapter\r\nChapter 2 carries the additional original DIP-stick survey of 25 practitioners. Chapter 4 carries the dedicated treatment of the Finance Act 2026 penalty amendments and the common assessment-and-penalty order regime\r\nBlock II \u2013 Drafting, Allied Proceedings and Alternative Remedies (Chapters 5 to 8) \u2014 Chapters 5 to 8 move from system-level understanding to the craft of representation:\r\nChapter 5 | Drafting Curriculum \u2014 Pre-drafting preparation and planning, the writing process (the 'A, B, C' framework and the Madman-Architect-Carpenter-Judge role model) and finalisation, applied to grounds of appeal, statement of facts, condonation, affidavit, additional evidence, stay, and assessment- and appellate-stage submissions, closing with a structured framework for the responsible use of AI in drafting\r\nChapter 6 | Worked Case Scenarios \u2014 Fifteen scenarios with brief-facts panels, complete specimen submissions backed by statute and case-law, and the author's tactical notes, preceded by a working manual on case-law research, reading and citing an order, and the doctrines that determine precedential weight\r\nChapter 7 | Allied e-Proceedings \u2014 Consolidation of verification, valuation, jurisdiction, dispute resolution, escaping-assessment, advance rulings and rectification, maintaining the dual-statute comparative format and FAQ exposition used in Block I\r\nChapter 8 | Alternative Remedies \u2014 Remedies outside the faceless track in escalating order: E-Nivaran, email submissions, writ petitions, RTI applications, CPGRAMS, repetitive-appeal protection under section 375 (158A), immunity provisions, the Dispute Resolution Committee, the continuing role of jurisdictional authorities, and the High-Pitched Assessment Committee\r\nAppendices \u2014 The five appendices reproduce the underlying source material in full so the book can be used as a self-contained reference\r\n","created_at":"2026-06-06 12:47:33","video":null},{"id":"41","title":"Taxmann GST Acts with Rules\/Forms & Notifications","price":"1995.00","tax":null,"image":"https:\/\/api.lakshmilawhouse.com\/PhpBackend\/images\/1780730742_gst act rules notification 2026.jpg","category":"Professional Books","type":"book","description":"GST Acts with Rules\/Forms & Notifications is the flagship single-volume, section-wise compendium of the complete statutory framework governing Goods and Services Tax in India. The publication consolidates the full annotated text of all four parent GST enactments\u2014the Central Goods and Services Tax Act 2017, the Integrated Goods and Services Tax Act 2017, the Union Territory Goods and Services Tax Act 2017, and the Goods and Services Tax (Compensation to States) Act 2017\u2014together with every rule, form, and notification required to interpret, administer, and comply with the law as it stands on the date of publication.\r\n\r\nThe law stated in this Edition is as amended by the Finance Act, 2026 and incorporates the comprehensive 'Gen 2' rate restructuring effective from 22nd September 2025 (Nil\/5%\/18%\/40% with special rates of 0.25% and 1.5%), the abolition of the GST Compensation Cess with effect from 1st February 2026, and the parallel imposition of duties on tobacco and pan masala under the Central Excise (Amendment) Act 2025 and the Health Security se National Security Cess Act 2025. The volume is designed as a self-contained working reference: every section is annotated with pointers to the corresponding rule, form, notification, date of enforcement, and allied statutory provision, eliminating the need to consult multiple publications while drafting opinions, preparing returns, representing clients in adjudication or appeals, or advising on structural transactions.\r\n\r\nThe volume is directed at practitioners and users who require the complete, unabridged statutory text\u2014not a commentary or digest\u2014in a single authoritative reference. The primary readership includes:\r\n\r\nChartered Accountants, Company Secretaries, and Cost and Management Accountants handling GST compliance, litigation, and advisory engagements\r\nAdvocates and Tax Counsel appearing before Advance Ruling Authorities, Appellate Authorities, the GST Appellate Tribunal, High Courts, and the Supreme Court\r\nIn-House Tax and Indirect Tax Teams of corporates, MNCs, PSUs, and banks responsible for returns, audits, input tax credit management, and representation\r\nOfficers of the Central Board of Indirect Taxes and Customs (CBIC) and State GST Departments at adjudicating, appellate, and policy levels\r\nAcademicians and Students preparing for CA (Final and Inter), CS, CMA, LLB, LLM, and professional certification examinations where the bare Act is prescribed reading\r\nResearchers, Judicial Officers, and Members of Tribunals requiring a precise and current statutory source\r\nThe Present Publication is the 19th Edition | 2026, as amended by the Finance Act 2026, incorporating the CGST (Fifth Amendment) Rules 2025 and all notifications issued to date. This book is edited by Taxmann\u2019s Editorial Board and features the following noteworthy features:\r\n\r\n[Annotated Section-wise Architecture] Each section of the CGST, IGST, and UTGST Acts is followed by a consolidated annotation block identifying the relevant rule, prescribed form, notification, date of enforcement, and any allied law or corresponding provision\r\n[Complete Statutory Coverage] All four parent Acts, all rules made thereunder, all forms prescribed under the rules, and all subsisting notifications (including rate notifications) are consolidated in a single volume\r\n[Finance Act 2026 Amendments] Fully incorporated, including the proposed amendments to sections 15(3)(b), 34(1), 54(3), 54(14), and 101A of the CGST Act and section 13(2) of the IGST Act\r\n[Gen 2 Rate Restructuring] Coverage of the rationalised rate structure effective from 22nd September 2025 (Nil\/5%\/18%\/40% with special rates of 0.25% and 1.5%) and the abolition of the GST Compensation Cess with effect from 1st February 2026\r\n[Special Regime for Tobacco Products] Dedicated treatment of pan masala, cigarettes, and specified tobacco products, covering retail-sale-price-based valuation under rule 31D, capacity-based levy under the Health Security se National Security Cess Act, 2025, enhanced NCCD rates, and restrictions on export on payment of IGST\r\n[Settlement of Funds Rules 2026] Inclusion of the newly notified Goods and Services Tax Settlement of Funds Rules 2026\r\n[CGST (Fifth Amendment) Rules 2025] Incorporation of the latest rule-level amendments and all consequential changes to forms and procedural provisions\r\n[GST Forms with Action Points] Forms indexed with 'Action Points' indicating the substantive compliance triggered by each prescribed form\r\n[GST Appellate Tribunal Framework] Full text of the GSTAT (Procedure) Rules 2025 and the GSTAT (Appointment and Conditions of Service) Rules 2023, together with the Tribunals Reforms Act 2021 and the Tribunal (Conditions of Service) Rules 2021\r\n[Subject-wise Index] Appended at the close of each Division to enable rapid section-level look-up by concept where the precise section number is not known\r\n[Appendix of Allied Statutory Provisions] Text of allied laws (Customs Act 1962; Central Excise Act 1944; Income-tax Act 1961; and others) cross-referred to in the CGST Act, reproduced in full\r\n[Validation Provisions and Removal of Difficulties Order] Validation Provisions of each Act and the Central Goods and Services Tax (Removal of Difficulties) Order 2020 reproduced for completeness of the historical record\r\n[Guide to GST] Curated opening section summarising the legislative scheme, the rate structure, and the year-on-year amendments, enabling a rapid orientation before entering the statutory text\r\nThe volume is organised into six divisions, each self-contained and independently navigable:\r\n\r\nDivision One \u2014 Central Goods and Services Tax Act 2017\r\nArrangement of sections\r\nAnnotated text of every section of the CGST Act 2017\r\nCentral Goods and Services Tax (Removal of Difficulties) Order 2020\r\nAppendix reproducing the text of allied provisions referred to in the CGST Act\r\nValidation Provisions\r\nSubject Index\r\nDivision Two \u2014 Integrated Goods and Services Tax Act 2017\r\nArrangement of sections\r\nAnnotated text of the IGST Act 2017 (including the amendment to section 13(2) governing place of supply in Intermediary services w.e.f. 1 April 2026)\r\nValidation Provisions\r\nSubject Index\r\nDivision Three \u2014 Union Territory Goods and Services Tax Act 2017\r\nArrangement of sections\r\nAnnotated text of the UTGST Act 2017\r\nValidation Provisions\r\nSubject Index\r\nDivision Four \u2014 Goods and Services Tax (Compensation to States) Act 2017\r\nArrangement of sections\r\nText of the Compensation to States Act 2017 (historical reference following abolition of the cess w.e.f. 1 February 2026)\r\nSubject Index\r\nDivision Five \u2014 Relevant Notifications\r\nCGST Notifications\r\nIGST Notifications\r\nCGST (Rate) Notifications reflecting the Gen 2 rate structure (Nil\/5%\/18%\/40%)\r\nIGST (Rate) Notifications\r\nCentral Excise (N.T.) Notifications relevant to the post-1st February 2026 tobacco regime\r\nDivision Six \u2014 GST Rules and Forms\r\nCentral Goods and Services Tax Rules 2017 (as amended by the CGST (Fifth Amendment) Rules 2025), together with all prescribed forms\r\nIntegrated Goods and Services Tax Rules 2017\r\nGoods and Services Tax Compensation Cess Rules 2017\r\nGoods and Services Tax (Period of Levy and Collection of Cess) Rules 2022\r\nUnion Territory GST Rules 2017 for Andaman & Nicobar Islands, Chandigarh, Dadra and Nagar Haveli, Daman and Diu, and Lakshadweep\r\nUnion Territory Goods and Services Tax (Ladakh) Rules 2024\r\nGoods and Services Tax Appellate Tribunal (Appointment and Conditions of Service of President and Members) Rules 2023\r\nGoods and Services Tax Appellate Tribunal (Procedure) Rules 2025\r\nGoods and Services Tax Appellate Tribunal (Recruitment, Salary and other Terms and Conditions of Service of Group \u2018C\u2019 Employees) Rules 2024\r\nGoods and Services Tax Settlement of Funds Rules 2026\r\nNational Anti-Profiteering Authority: Procedure and Methodology\r\nTribunals Reforms Act 2021 and Tribunal (Conditions of Service) Rules 2021\r\nList of Relevant Notifications\r\nThe organising principle of the volume is the section-level annotation framework. Under each section of the CGST, IGST, and UTGST Acts, the reader is provided with a concise annotation block identifying, in sequence:\r\n\r\nRelevant Rule \u2014 The CGST\/IGST\/UTGST Rule giving effect to the section\r\nPrescribed Form \u2014 The specific form prescribed under the rules for any compliance, application, registration, return, refund, or appeal triggered by the section\r\nRelevant Notifications \u2014 Including rate notifications and exemption notifications issued under the section\r\nDate of Enforcement \u2014 Distinguishing parent provisions, substitutions, insertions, and proviso-level amendments\r\nAllied Laws \u2014 Allied statutory provisions referred to in or relevant to the operation of the section (Customs Act 1962; Central Excise Act 1944; Income-tax Act 1961; Companies Act 2013; etc.)\r\nThis design converts what is ordinarily a multi-step look-up exercise\u2014section \u2192 rule \u2192 form \u2192 notification \u2192 effective date\u2014into a single point of reference, allowing the user to assess the complete operative position on any statutory question without navigating across disconnected sources\r\nThe arrangement of sections at the start of each Division functions as a structural contents page, while the Subject Index at the close of each Division permits concept-level look-up where the precise section number is not known\r\n","created_at":"2026-06-06 12:55:42","video":null},{"id":"42","title":"Taxmann TDS Ready Reckoner 2026","price":"2195.00","tax":null,"image":"https:\/\/api.lakshmilawhouse.com\/PhpBackend\/images\/1780731423_tds ready rekoner 26.jpg","category":"Professional Books","type":"book","description":"TDS Ready Reckoner is the definitive reference on the law of Tax Deduction at Source and Tax Collection at Source as it now stands under the Income-tax Act 2025, read with the Income-tax Rules 2026, and as amended by the Finance Act 2026. This Edition is the first edition of the work to be fully rewritten around the architecture of Chapter XIX of ITA 2025, in which the earlier 50-plus stand-alone TDS\/TCS sections of ITA 1961 have been consolidated into a compact, table-driven framework built around sections 392 to 401. Every chapter has been redrafted to track the new section numbering, the new Schedules, the new Rules, and the renumbered Forms (121 to 150), with a running bridge to the corresponding provisions of the ITA 1961 so that readers transitioning from the old regime are never left without a precise cross-reference.\r\n\r\nThe book is designed as a one-stop compliance manual: for each payment type it sets out who must deduct, at what rate, on what threshold, at what point of time, and with what consequences in case of default\u2014followed by the corresponding certificate, return, self-declaration and correction-statement obligations. Practical decisions that routinely arise in tax departments\u2014whether a particular payment is 'rent', whether a payee is a 'specified person', whether a JDA transaction falls under Sl. No. 3(i) or 3(ii) of section 393(1), whether a buyback now attracts Sl. No. 8(ii) instead of Sl. No. 7, whether advertising services are 'professional services' under section 402(28)\u2014are addressed head-on, with specific paragraph references for downstream use.\r\n\r\nThe Reckoner is authored for professionals and in-house teams who deduct, collect, report or advise on TDS\/TCS in day-to-day practice:\r\n\r\nChartered Accountants, Company Secretaries, Cost Accountants and Advocates handling direct-tax compliance and litigation\r\nTax, Finance and Payroll Heads of corporate entities, LLPs, partnership firms and e-commerce operators\r\nBanks, Post Offices, Depositories (CDSL\/NSDL), Mutual Funds, Business Trusts, Investment Funds and Securitisation Trusts in their capacity as deductors and reporting entities\r\nPublic-Sector Undertakings, Government Drawing and Disbursing Officers, and Autonomous Bodies\r\nAssessing Officers, Departmental Officers and Revenue-Side Litigators working on TDS\/TCS defaults, interest and prosecution matters\r\nStudents Preparing for CA, CS, CMA and Advanced Direct-Tax Papers who require an authoritative treatment of the new Chapter XIX regime\r\nThe Present Publication is the 32nd Edition | 2026, amended by the Finance Act 2026. This book is authored by Taxmann's Editorial Board with the following noteworthy features:\r\n\r\n[First Full-Act Rewrite on ITA 2025] Every chapter is mapped to sections 392\u2013401 and to the Tables in section 393(1)\/(2)\/(3)\/(4), with ITA 1961 correspondences retained for continuity\r\n[Seven Reference Matrices at the Front of the Book] Comparative Study of the following to enable a single-page lookup from any old-regime reference to its new-regime equivalent:\r\nITA 2025 vs. ITA 1961\r\nTDS Map\r\nTDS Rate Reckoner\r\nTCS Rate Reckoner\r\nITA 1961 vs. ITA 2025 Section Table\r\nRules 1962 vs. Rules 2026 Table\r\nForms 2026 vs. Forms 1962 Table\r\n[Categorised Analysis of Every Change Made by ITA 2025] They are grouped as follows:\r\nProvisions that reduce the compliance burden for deductors\r\nProvisions that reduce the burden for deductees\/collectees\r\nChanges in TCS provisions\r\nPain points introduced by ITA 2025\r\nNew avenues for litigation\r\nOther changes\r\n[Treatment of Landmark Structural Reforms] This comprises the following:\r\nThe bar on retrospective creation of TDS liability under section 391(1)(a)\r\nThe consolidation of lower\/Nil TDS certificate provisions into section 395\r\nThe single-declaration facility for depositories under section 393(6)(b)\r\nThe omission of the ITR-track-record test under erstwhile section 194N\r\nThe uniform 2% TCS rate across most transactions\r\n[Payment-Wise Chapters] It covers commission and brokerage, rent, immovable-property consideration (including JDAs and compulsory acquisition), capital-market income, interest, dividends, contractor payments, professional fees, FTS, royalty, non-compete fees, purchase of goods, senior-citizen pension, benefits and perquisites, e-commerce operator payments, VDAs, lottery and online-game winnings, partner remuneration, salary, PF accumulated balance, and the full suite of non-resident TDS provisions\r\n[Dedicated Compliance Division] TAN, PAN validity, lower\/Nil TDS certificates under section 395, self-declarations (new Forms 121 and 124 in place of 15G\/15H\/27C), credit of TDS\/TCS, deposit with Government, filing of returns, issuance of certificates, quarterly reporting by banks and consequences of default (disallowance under section 35(b), interest, penalty, prosecution)\r\n[Full Statutory Appendices] Chapter XIX of ITA 2025 (reproduced), the corresponding Rules of ITR 2026, all relevant Forms, and CBDT's official Guidance Notes & FAQs on Form Nos. 121 to 150\r\n[Illustrations, Computational Notes and Cross-References] throughout, with specific paragraph-level indexing to allow precise citation in opinions, assessment responses and appellate submissions\r\nThe Reckoner is built around six Divisions, 76 chapters and 4 Appendices, covering the entirety of Chapter XIX of ITA 2025 along with consequential provisions of Chapters V, VII, VIII and XVIII.\r\n\r\nDivision A \u2014 Nature of TDS\/TCS Provisions (Chapters 1\u20136)\r\nIt lays the conceptual foundation:\r\nModes of payment or collection of income-tax\r\nThe distinction between TDS and TCS\r\nThe scheme of Chapter XIX\r\nThe interplay between ITA 1961 and ITA 2025 and the transition rules\r\nExemptions from deduction under section 393(4)\r\nDivision B \u2014 TDS Provisions Applicable to Resident Payees (Chapters 7\u201337)\r\nIt covers each resident-payee payment class. This is the largest Division and includes:\r\nCommission and brokerage (including insurance commission under Sl. No. 1(i) and brokerage paid by specified and non-specified persons)\r\nRent under Sl. No. 2(i) and 2(ii)\r\nConsideration for transfer of immovable property (including JDAs under Sl. No. 3(ii) and compulsory-acquisition compensation under Sl. No. 3(iii))\r\nCapital-market income (mutual fund units, business-trust distributions, investment-fund non-exempt income, securitisation-trust income)\r\nInterest income (interest on securities, interest other than on securities, bank\/post-office interest)\r\nDividends declared by domestic companies under Sl. No. 7\r\nPayments to resident contractors under Sl. No. 6(i), (ii) and (v)\r\nProfessional fees, FTS, royalty, non-compete fees and non-executive director remuneration under Sl. No. 6(iii)\r\nLife-insurance policy payouts under Sl. No. 8(i)\r\nPurchase of goods above \u20b950 lakh under Sl. No. 8(ii); TDS on the total income of specified senior citizens under section 393(1) [Sl. No. 8(iii)]\r\nBenefits and perquisites under Sl. No. 8(iv)\r\nPayments by e-commerce operators under Sl. No. 8(v)\r\nConsideration for transfer of a Virtual Digital Asset under Sl. No. 8(vi)\r\nDivision C \u2014 TDS Provisions Applicable to Payments to Any Person (Chapters 38\u201347)\r\nIt deals with payee-neutral provisions:\r\nWinnings from lotteries, crossword puzzles, online games and horse races\r\nCommission on lottery tickets\r\nTDS on large cash withdrawals by banks and post offices (Chapter 43 incorporates the significant change that TDS now applies to the entire cash withdrawal once the threshold is breached, not merely the excess)\r\nTDS under the NSS\r\nTDS on interest and remuneration paid by firms\/LLPs to partners under Sl. No. 7 of section 393(3) (covering the new clarity on 'partner' and 'firm' and on disallowance consequences under section 35(b))\r\nTDS on salary under section 392\r\nTDS on accumulated PF balance\r\nDivision D \u2014 TDS Provisions Applicable Where Payee is Non-Resident (Chapters 48\u201364)\r\nIt consolidates the full non-resident framework:\r\nPayments to sportspersons, sports associations and entertainers\r\nInterest on foreign borrowings (including pre-1 July 2023 rupee-denominated bonds, IFSC-listed RDBs, and general non-resident interest)\r\nDistributed income to non-resident unitholders of business trusts and investment funds\r\nIncome from mutual-fund units and securitisation-trust investments\r\nLong-term capital gains on transfer of units purchased in foreign currency and GDRs\r\nIncome from securities payable to FIIs and Specified Funds\r\nThe residual catch-all for any taxable sum payable to a non-resident other than salary\r\nDivision E \u2014 TCS Provisions (Chapter 65)\r\nIt consolidates the entirety of section 394 and the TCS Table, including the new uniform 2% TCS rate for most transactions, the increased rate for alcoholic liquor, scrap, coal, lignite and iron ore, the reduced rate for tendu leaves, LRS-education\/medical remittances and overseas tour packages, and the revised timing of collection for motor vehicles and specified goods (earlier of debit or receipt)\r\nDivision F \u2014 TDS & TCS Compliance and Reporting (Chapters 66\u201376)\r\nIt handles the operational machinery: TAN, valid PAN requirement under section 397, lower\/Nil certificate under section 395 (including the new option to file before a prescribed authority), self-declarations for non-deduction and non-collection, credit mechanics, deposit with the Central Government, filing of returns, issuance of certificates, quarterly interest reporting by banks, and the complete default framework\u2014interest, penalty, disallowance under section 35(b), prosecution, and the 2-year curtailed correction-statement window under section 397(3)(f)\r\nAppendices 1\u20134 reproduce the relevant sections of ITA 2025, the relevant Rules of ITR 2026, the relevant Forms, and the CBDT Guidance Notes & FAQs on Forms 121 to 150\r\nThe book follows a consistent three-layer architecture that makes it usable as both a reference and a learning text:\r\n\r\nLayer 1 | Navigation Matrices \u2014 The front matter opens with seven lookup tools: the Comparative Study of ITA 2025 vs. ITA 1961 (39 changes grouped into six categories), the TDS Map, the TDS Rate Reckoner, the TCS Rate Reckoner, the ITA 1961 \u2194 ITA 2025 Section Table, the ITR 1962 \u2194 ITR 2026 Rules Table, and the Forms 2026 \u2194 Forms 1962 Table. These allow a reader arriving from any ITA 1961 reference to reach the corresponding ITA 2025 treatment in a single step\r\nLayer 2 | Payment-wise Chapters \u2014 Within each Division, payments are grouped by economic substance (commission, rent, capital-market income, contractor payments and so on). Where a payment class has multiple Sl. Nos. in the section 393 Tables (for example, rent under 2(i) and 2(ii), or contractor payments across 6(i), 6(ii) and 8(v)), each Sl. No. gets its own chapter preceded by a map chapter that consolidates all applicable Sl. Nos. for that class\r\nLayer 3 | Compliance and Default Machinery \u2014 Division F handles procedural obligations that apply across all payment classes, ensuring that operational questions (certificate issuance, return filing, correction statements, consequences of default) are not scattered through the payment-wise treatment\r\nEach substantive chapter within Divisions B to E follows the same internal sequence: applicable Sl. No. and section reference, corresponding ITA 1961 section, who must deduct (payer\/specified person definition), payee coverage, rate, threshold, time of deduction (credit or payment, whichever is earlier\u2014or payment only, as now applies to partner remuneration under Sl. No. 7), exemptions, illustrations, CBDT circulars and judicial precedents, and cross-references to compliance obligations in Division F\r\n","created_at":"2026-06-06 13:07:03","video":null},{"id":"43","title":"Taxmann Taxation of Capital Gains 2026","price":"3695.00","tax":null,"image":"https:\/\/api.lakshmilawhouse.com\/PhpBackend\/images\/1780731579_capital gains.jpg","category":"Professional Books","type":"book","description":"Taxation of Capital Gains stands as one of the most comprehensive and widely respected treatises on capital gains taxation in India. The 2026 Edition crosses a significant threshold: it is the first edition to span two coexisting statutory frameworks simultaneously\u2014the Income-tax Act 1961 and the newly enacted Income-tax Act 2025\u2014both as amended by the Finance Act 2026. The book represents a complete, practitioner-grade reference that integrates statutory text, judicial decisions, CBDT Circulars and Notifications, worked illustrations, and the author's own considered views on interpretational controversies.\r\n\r\nThis Edition is engineered to operate seamlessly in both statutory environments\u2014every chapter opens with a dual-column cross-reference table mapping 1961 Act provisions to their 2025 Act counterparts, and the detailed preliminary pages contain a comprehensive master cross-reference spanning the entire capital gains framework.\r\n\r\nThe book is structured to answer every question a practitioner may encounter\u2014from foundational definitional matters through computation mechanics, exemptions and rollover reliefs, tax rates, loss treatment, and a range of specialist topics including family arrangement and settlement, NRI taxation, slump sale, intangible assets, charitable trusts, joint development agreements, depreciable assets, buyback of shares, and ULIPs. The author does not merely restate the law. Throughout the work, he explicitly flags interpretational controversies, analyses conflicting Bench decisions, identifies legislative gaps, and offers his own views with reasoning, making this as much a practitioner's analytical companion as it is a statutory commentary.\r\n\r\nThis title is designed for professionals who advise at an expert level on capital gains and cannot afford gaps in either statutory currency or judicial coverage. The primary audiences are:\r\n\r\nChartered Accountants handling complex capital gains computations, assessment and appellate proceedings, and tax planning mandates for individuals, HUFs, partnership firms, LLPs, companies, trusts, and non-resident clients\u2014particularly in areas involving property transactions, business restructuring, inheritance, gifting, and investment portfolios\r\nTax Advocates and Litigation Professionals who need a citation-ready reference spanning Supreme Court, High Court, and ITAT decisions with substantive analysis rather than bare headnotes. The book's integration of judgments up to March 2026 makes it current for the ongoing assessment season\r\nCorporate Tax Departments and Transaction Advisors involved in M&A transactions, amalgamations, demergers, slump sales, business restructuring, joint development agreements, and cross-border transfers, where capital gains implications are central to deal structuring and fair market value computations\r\nNRI Taxpayers and their Advisors navigating the procedural and substantive complexity of disposing of Indian assets, understanding TDS obligations, RNOR status and its two-year benefit, and managing compliance obligations under both Acts\r\nSenior Tax Officials and Assessees in Assessment Proceedings who need a balanced, exhaustive reference that addresses both the Revenue's and the assessee's positions on contested issues\r\nAdvanced Tax Law Students and Academic Researchers who require a rigorously indexed, cross-referenced work that traces every capital gains provision from the 1961 Act into the 2025 Act and locates it within the judicial discourse\r\nThe Present Publication is the 15th Edition | 2026, amended by the Finance Act 2026. This book is authored by CA. S. Krishnan with the following noteworthy features:\r\n\r\n[Dual-Act Cross-Reference Architecture]  A master cross-reference table in the preliminary pages maps the entire capital gains framework across both enactments, and every chapter opens with its own section-level cross-reference table. This is critical in the 2026 assessment season, where the 1961 Act governs tax years ending 31st March 2026 and the 2025 Act governs tax years from 1st April 2026\u2014practitioners can navigate either framework without risk of applying the wrong Act's analysis. While the 2025 Act largely reformats rather than rewrites the capital gains provisions, specific deletions are identified: Section 54GB has no 2025 Act counterpart; the sick company land transfer exemption and stock exchange demutualisation provision from Section 47 have been removed; and the tabular restructuring of Section 70 introduces its own interpretational questions\u2014all addressed explicitly\r\n[Statutory Currency Through Finance Act 2026] All provisions, tax rates, exemption thresholds, investment limits, and computation mechanics reflect the law as amended by the Finance Act 2026. Practitioners working on current assessments, advance rulings, or transactional work have a single fully updated reference\r\n[Judicial Coverage Up to March 2026] Decisions are incorporated up to March 2026 and analysed in context, not merely cited. Coverage extends to unreported ITAT orders (identified by ITA number and order date), Supreme Court SLP dismissals, and Third Member decisions. The para-level citation structure gives precise locatability to every decision discussed. The author compares co-ordinate Bench reasoning, flags conflicts, and in several instances expresses disagreement with particular rulings\r\n[Worked Illustrations] Computation-intensive provisions carry practical numerical illustrations, not simplified textbook constructs. Section 50 mechanics, Section 50C stamp duty value override, the Section 54EC Rs. 50 lakh ceiling across consecutive financial years, and the Section 112A loss interaction are among the areas where worked examples are provided\r\n[Author's Independent Analytical Views] CA. Krishnan explicitly offers his own views on contested interpretational questions, the soundness of a court's reasoning, conflicts between Bench decisions, or the appropriate practitioner position following a legislative amendment. These views are clearly attributed and grounded in detailed reasoning, making the book useful as a second opinion in assessment and appellate proceedings\r\n[Dedicated NRI Chapter] Chapter 16B covers property disposal procedures, TDS obligations, RNOR transitional status, and guidance for returning Indians, including a candid account of a senior Income-tax Department official's observations on the pattern of unintentional non-compliance by NRIs.\r\n[Historical CBDT Circular (April 1955)] Chapter 1 opens with the CBDT Circular of 11-4-1955 on the responsibilities of income-tax authorities in guiding assessees, an editorial choice that frames the practitioner's role as a bridge between taxpayer and department, a theme that runs through the NRI chapter as well\r\n[Appendices on COVID-19 Compliance Relaxations] The three appendices preserve the legislative record of deadline extensions under the Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Act 2020, including the final extension to 31st March 2023 for exemption claims under Sections 54 to 54GB, relevant for assessments and appeals where investment timelines relied on these extensions\r\nThe book spans 34 chapters covering every dimension of capital gains taxation under both the 1961 Act and the 2025 Act.\r\n\r\nChapter 0 \u2014 The Income-tax Act 2025 (Introductory)\r\nTraces the legislative journey from bill introduction (February 2025) through Select Committee revision and Presidential assent (August 2025), effective April 2026. Covers key structural changes\u2014Tax Year concept replacing Financial Year\/Assessment Year, expanded Virtual Digital Assets definition, and the restructuring of transfer exemptions from Section 47 to Section 70. Includes the master cross-reference table of capital gains provisions across both Acts and a provision-by-provision comparison of Section 70 versus Section 47\r\nChapters 1\u20133 \u2014 Foundational Framework\r\nChapter 1 establishes the Section 45 charging conditions and tax-free capital gains categories. Chapter 2 provides an exhaustive definition analysis of capital asset under Section 2(14)\/Section 2(22)\u2014covering all asset types from jewellery and bullion to agricultural land, with over 25 sub-paras of case law on agricultural land classification alone. Chapter 3 covers short-term versus long-term classification, holding period computation across all asset acquisition modes, and the Finance (No. 2) Act 2024 amendments\r\nChapter 4 \u2014 What Constitutes a Transfer\r\nCovers all limbs of Section 2(47), with particular depth on joint development agreements, including the Balbir Singh Maini (SC, 2017) doctrine on unregistered JDAs and the extensive post-2017 jurisprudence distinguishing it on facts. Family settlement provisions run to a dedicated sub-series culminating in the Shanmuga Durai (ITAT Chennai, 2025) analysis. Firm-partner and shareholder-company transaction taxonomies addressed separately\r\nChapter 5 \u2014 Transfers Not Regarded as Transfer\r\nComplete Section 47\/Section 70 catalogue across 30+ categories\u2014HUF partition, gifts and wills, parent-subsidiary and group company transfers, amalgamation and demerger exemptions (domestic and cross-border), co-operative bank reorganisations, non-resident bond\/GDR\/IFSC transfers, fund relocations, LLP and proprietary firm conversions, reverse mortgage, SPV-to-business trust conversion, and mutual fund mergers. Covers withdrawal provisions under Section 47A\/Section 71 where conditions are subsequently violated\r\nChapters 6, 6A, 6B \u2014 Year of Taxability\r\nChapter 6 covers the general rule and exceptions\u2014compulsory acquisition, JDA taxability, and Section 54H time extension for delayed compensation receipt. Chapter 6A is a standalone ULIP treatment covering the pre\/post-February 2021 regime, the Rs. 2.5 lakh premium cap mechanics, fund switching, and the Finance Act 2023 changes. Chapter 6B covers the firm-partner and AoP\/BoI framework\u2014Section 45(3), the pre- and post-2021 Section 45(4), Section 9B, and reconstitution FAQs\r\nChapters 7\u201312 \u2014 Computation Framework\r\nCovers the full Section 48 computation chain. Chapter 7: full value of consideration including Section 50C, 50CA, and 50D deemed consideration provisions. Chapters 8\u20139: special immovable property computation rules and the Section 48 deduction analysis across legal fees, brokerage, mortgage discharge, consultancy, and NRI travel expenses. Chapter 10: cost of acquisition across all modes, including bonus shares, rights shares, ESOPs, and inherited\/gifted assets. Chapters 11\u201312: cost of improvement and indexed cost with Cost Inflation Index mechanics\r\nChapters 13\u201321 \u2014 Exemptions and Rollover Reliefs\r\nComplete coverage of all rollover provisions. Sections 54 and 54F (Chapters 13 and 18) are the most extensive, covering eligibility conditions, the one-residential-house restriction, joint and relative-name investment, CGAS mechanics, and the full body of judicial decisions. Section 54B (Chapter 14) continues the agricultural land thread. Section 54EC (Chapter 16) covers the Rs. 50 lakh ceiling, the two-financial-year question, 5-year lock-in, and the V.S. Dempo (SC) ruling on availability against deemed STCG under Section 50. Chapter 16A examines investment in relatives' names for Sections 54, 54B, and 54F. Chapter 16B covers NRI taxation. Chapters 15, 17, 19, and 20 address Sections 54D, 54EE, 54G\/54GA, and 54GB, respectively, and note that Section 54GB has no counterpart in the 2025 Act\r\nChapters 22\u201324 \u2014 Tax Rates and the Section 112A Regime\r\nChapters 22\u201323 cover the computation of STCG and LTCG taxes. Chapter 24 is a comprehensive treatment of the Section 112A\/Section 198 regime\u2014all five applicability conditions, the STT pre-October 2004 acquisition issue, grandfathering mechanics as of 31st January 2018, loss set-off under Section 70(3), and the Finance (No. 2) Act 2024 rate revision\r\nChapters 25\u201328 \u2014 Valuation, Loss, Liquidation, Buyback\r\nChapter 25: Valuation Officer reference under Section 55A\/Section 91. Chapter 26: capital loss set-off and carry-forward, including the Section 112A interaction with other long-term losses. Chapter 27: liquidation distribution and shareholder capital gains under Section 46\/Section 68. Chapter 28: buyback of shares and specified securities under Section 46A\/Section 69\r\nChapter 29 \u2014 Depreciable Assets\r\nSection 50 \/ Section 74\u2014block-of-assets framework, both operative scenarios (block survives; block ceases), worked four-scenario numerical illustrations, Section 50A (power generation), Section 50AA (market-linked debentures), goodwill amendment (Finance Act 2021), and the V.S. Dempo exemption availability ruling\r\nChapter 30 \u2014 Slump Sale\r\nSection 50B\/Section 77\u2014slump sale definition (including the Finance Act 2021 expansion to all transfer modes), net worth computation, the negative net worth issue (Summit Securities Special Bench), FMV obligation from AY 2021-22, the 2021 amendment legislative history, and case law review spanning the lock-stock-and-barrel concept, the overruled decisions (Bharat Bijlee, Vatsala Shenoy, UTV Software, Oricon Enterprises), and the Telangana HC's 2025 ruling in Spectra Shares\r\nChapters 31\u201333 \u2014 Intangibles, Charitable Trusts, Real Estate\r\nChapter 31: capital gains on goodwill, trademarks, copyrights, and know-how, including the B.C. Srinivasa Setty cost of acquisition problem and Finance Act 2021 interventions. Chapter 32: charitable trust capital gains and Section 11 exemption mechanics. Chapter 33: real estate transactions\u2014JDA analysis, flat exchanges, power of attorney sales, stamp duty value issues, and multi-stage taxability\r\nChapter 34 \u2014 Other Important Case Laws\r\nA current-affairs supplement compiling significant judicial decisions up to March 2026 that cut across multiple provisions or address procedural and assessment issues not covered in the thematic chapters\r\nThe book is organised as 34 thematically grouped chapters following a logical statutory progression\u2014from the charging provision through definitional analysis, transfer concepts, computation, exemptions, rates, losses, and specialist asset classes. Each chapter follows a consistent internal architecture:\r\n\r\nTable of Corresponding Sections \u2014 Mapping the 1961 Act provision to the 2025 Act equivalent, positioned at the chapter's outset\r\nStatutory Analysis \u2014 Section-by-section interpretation with legislative history where relevant\r\nJudicial Pronouncements \u2014 Case law analysis integrated within the narrative\r\nIllustrations \u2014 Worked numerical examples demonstrating computation in realistic scenarios\r\nAuthor's Views \u2014 Clearly flagged commentary on contested or evolving interpretational questions\r\nThe preliminary pages contain the comprehensive cross-reference master table that maps the full capital gains statutory framework between the two Acts. Three appendices at the end preserve the legislative record of COVID-19 compliance relaxations\r\n","created_at":"2026-06-06 13:09:39","video":null},{"id":"44","title":"Taxmann Presumptive Taxation 2026","price":"895.00","tax":null,"image":"https:\/\/api.lakshmilawhouse.com\/PhpBackend\/images\/1780731738_presmutive taxation.jpg","category":"Professional Books","type":"book","description":"Presumptive Taxation is a comprehensive, section-wise treatise covering the entire framework of presumptive taxation as codified under the Income-tax Act 2025, read with the Income-tax Rules 2026, and as amended by the Finance Act 2026. It represents the first full-length authored commentary that reconciles the complete collapse and re-statement of the erstwhile scheme of presumptive taxation under ITA 1961 (Sections 44AD, 44ADA, 44AE, 44B, 44BB, 44BBA, 44BBB, 44BBC, 44BBD and Chapter XII-G) into two unified, table-based provisions of ITA 2025\u2014Section 58 (residents) and Section 61 (non-residents)\u2014alongside a re-numbered Tonnage Tax Scheme now housed in Sections 225 to 235.\r\n\r\nThe author has adopted a strict comparative methodology throughout the book. Every chapter opens with a 'Comparative study vis-a-vis ITA 1961' that isolates the textual and substantive changes between the new provision and its ITA 1961 predecessor. Within each chapter, the analysis follows a consistent template covering the nature of the provision (computation vs. charging), the specified assessee, the specified business, the presumptive regime applicable, the nature of the presumption (rebuttable or irrebuttable), includibility of TDS and GST in gross turnover\/receipts, Section 277\/ICDS interplay, compliance requirements, opting in and opting out mechanics, maintenance of books of account, tax audit consequences, and the position where actual income is more or less than presumptive income. Practitioners transitioning their compliance workflows from the 1961 Act to the 2025 Act will find this side-by-side treatment particularly useful.\r\n\r\nThe book distils the law into practical guidance through Division 5, which contains 81 FAQs and worked case studies spanning every major category of assessee and transaction type, and closes with four appendices reproducing the relevant sections of ITA 2025 and ITA 1961 and the relevant rules of IT Rules, 2026 and IT Rules, 1962 for ready cross-reference.\r\n\r\nThis book is intended for the following audience:\r\n\r\nChartered Accountants, Company Secretaries, Cost Accountants and Tax Consultants advising small businesses, professionals, transporters and non-residents on presumptive taxation and associated tax audit exposure\r\nTax Advocates and Litigators handling scrutiny assessments, limited scrutiny on presumptive income, Section 287 rectification proceedings, and appellate matters under the new ITA 2025 framework\r\nAssessing Officers, CIT(A) staff and ITAT Practitioners dealing with Section 58, Section 61 and Sections 225\u2013235 of ITA 2025\r\nSmall Business Owners, Retail Traders, Manufacturers, Coaching Institute Proprietors, Doctors, Lawyers, Architects, Engineers, Company Secretaries, Film Artists and Technical Consultants filing ITR-4 (Sugam) under the presumptive regime\r\nGoods Carriage Operators and Transport Firms availing the tonnage-per-truck regime in Sl. No. 2 of Section 58(2)\r\nNon-Resident Shipping, Cruise, Airline, Mineral Oil Exploration, Turnkey Power Project, and Electronic Goods Manufacturing Services\/Technology Providers availing Section 61 schemes\r\nIndian Shipping Companies opting for, renewing, or exiting the Tonnage Tax Scheme under Sections 225\u2013235\r\nCorporate Tax Teams and In-House Counsel mapping legacy Section 44AD\/44ADA\/44AE-linked compliance policies to the new Section 58 framework\r\nDiamond Trade Assessees and their Advisors, given the dedicated treatment of the 1.5%\u20134.5% lower rate and the Oopal Diamond precedent\r\nStudents of CA, CS, CMA and LL.B. pursuing advanced direct taxation papers and preparing for the transition to the ITA 2025 regime\r\nAuthors, Trainers and Faculty building curriculum content on the new Section 58 and Section 61 framework\r\nThe Present Publication is the 2nd Edition | 2026, amended by the Finance Act 2026. It is authored by CA. Srinivasan Anand G., with the following noteworthy features:\r\n\r\n[Complete ITA 2025 Framework] Full coverage of every presumptive taxation scheme under the Income-tax Act 2025\u2014both resident (Section 58, six Sl. Nos.) and non-resident (Section 61, six Sl. Nos.)\u2014together with the Tonnage Tax Scheme (Sections 225\u2013235) for qualifying Indian shipping companies\r\n[Chapter-by-Chapter Comparative Analysis] Each chapter identifies every textual and substantive change from Sections 44AD, 44ADA, 44AE, 44B, 44BB, 44BBA, 44BBB, 44BBC, 44BBD and 115V\u2013115VZC, including the new overriding effect of Section 61 over Sections 26\u201354 (wider than Section 44BB's override of Sections 28\u201341 and 43A)\r\n[Section 58 Table De-Constructed] Column-by-column analysis of Section 58(2)\u2014Column B (specified business\/profession), Column C (eligible\/specified assessee), Column D (turnover\/gross receipts thresholds of \u20b92\/3 crore, \u20b950\/75 lakh) and Column E (8%\/6% and 50% computation rates)\u2014with each column tied back to the enabling conditions and judicial tests\r\n[Section 61 Table De-Constructed] Parallel treatment of Section 61(2)\u2014six non-resident business activities (shipping, cruise, aircraft, turnkey power, mineral oil, electronic goods)\u2014with rate and rebuttable\/irrebuttable characterisation summarised in a consolidated matrix\r\n[New Bar on Loss Set-Off] Detailed treatment of Section 58(4) and Section 61(4), which for the first time prohibit set-off of losses from any other head or business against presumptive income\u2014a restriction that did not exist under Sections 44AD, 44ADA or 44AE of ITA 1961\r\n[Expanded 5-Year Lock-In and Cooling-Off] Analysis of the tighter Section 58(7) regime under which irregular exit from Sl. No. 1 now bars the assessee from availing Sl. No. 2 and Sl. No. 3 as well during the 5-year cooling-off period (under Section 44AD(4), the bar was confined to Section 44AD alone)\r\n[Rule 48 and CBDC Inclusion] Full treatment of the nine prescribed electronic modes under Rule 48 of the Income-tax Rules, 2026\u2014including the newly added Tier III Full KYC Central Bank Digital Currency Wallets, P-CBDC, and Wholesale\/Cross-border CBDC in clause (i)\u2014that qualify for the lower 6% presumptive rate in place of the default 8%\r\n[Redefined 'Commission or Brokerage'] Dedicated analysis of Section 66(3) read with Section 402(7) of ITA 2025, which for the first time statutorily defines 'commission or brokerage' for presumptive purposes\u2014resolving the ambiguity under Section 44AD(6) of ITA 1961 by codifying the Kotak Securities Ltd. approach\r\n[Section 62 and Section 63 Interplay] Clear mapping of the new book-keeping thresholds under Section 62(2)\u2014\u20b91,20,000\/\u20b92,50,000 PGBP and \u20b910,00,000\/\u20b925,00,000 gross receipts\u2014and the tax audit triggers under Section 63(1)\/(2), including the harsh new Condition 2 that brings lower-than-presumptive declarations within tax audit regardless of turnover\r\n[80+ FAQs and Case Studies] Division 5 contains 81 FAQs and worked case studies covering practical scenarios\u2014builders and developers, stamp duty valuation interplay (Section 53 of ITA 2025\/Section 43CA of ITA 1961), partnership firm nursing homes, coaching institutes, stamp vendors, airline agents, lottery agents, tanker hire, JCB hire, combination of proprietary practice and partnership firm receipts, Aadhaar-PAN goods carriage declarations, unexplained cash deposits (Section 104 read with Section 195 of ITA 2025, formerly Section 69A read with Section 115BBE), bogus purchase additions, and the specific disclosure requirements of ITR-4 (Sugam) for AY 2026-27\r\n[Diamond Trade Lower Rate] Detailed discussion of the 1.5%\u20134.5% presumptive rate range for diamond manufacturers and traders based on the Task Force Report of the Ministry of Commerce and Industry (February 2013) and the ITAT ruling in Oopal Diamond v. ACIT [2022] 144 taxmann.com 184 (Mumbai \u2013 Trib.), which endorses a 3% estimation for combined trading-and-manufacturing assessees\r\n[New 'Tax Year' Concept] Explanation of the shift from dual 'Previous Year' and 'Assessment Year' to a single unified 'Tax Year' from TY 2026-27 onwards, and the transitional handling of FY 2025-26 (AY 2026-27) under the last year of Section 44AD\/44ADA\/44AE\r\n[Scope of CA Profession] Exhaustive treatment of what does and does not constitute 'gross receipts' of a CA in practice for Sl. No. 3, covering Section 2(2) of the CA Act 1949, Regulation 191, Council resolutions on Management Consultancy Services, permitted occupations not counting as professional receipts (life insurance renewal commission, authorship of books and articles, part-time tutorship, notary work, surveyorship, etc.), and the implications for issuing valuation reports under Rule 11 and Form No. 4 certificates under Rule 12 of the Income-tax Rules, 2026\r\n[Medical Profession Depth] Treatment of salaried vs. independent medical practitioners applying Dr. Mathew Cherian and Sankarnaryanasamy Selvanarayanan, including anesthesiologists visiting several hospitals on monthly retainers, doctors combining salary with clinic practice, nursing home businesses and their interplay with Sl. No. 1 and Sl. No. 3\r\n[Tonnage Tax Scheme \u2013 Full Treatment] Chapter-length coverage of the tonnage tax framework: qualifying company and ship tests, daily tonnage income slabs, joint-operation formulas, core activities (pooling, affreightment, slot\/space\/joint charters, feeder services, container box leasing) vs. incidental activities, MAT book profit adjustments under Section 206(1)(c), the tonnage tax reserve account (20% of book profit, 8-year utilisation window), minimum training requirements under the Director-General of Shipping guidelines, the 49% charter-in limit, amalgamation\/demerger treatment, exclusion for abuse under Section 234, and the 10-year option validity\r\n[Judicial Support] Liberal citation of Supreme Court, High Court and ITAT decisions including Kotak Securities Ltd. v. Dy. CIT, CIT v. Nitin Soni, The Chief Inspector of Mines v. Lala Karam Chand Thapar, Vivek Narayan Sharma v. Union of India, Banwarilal Agarawalla v. State of Bihar, Raj Kumar Shivhare v. Assistant Director (ED), CIT v. Bhagwan Broker Agency, Anandkumar v. ACIT, Krishna Kumar Agrawal v. ITO, CIT v. Vantage International Management Co., CIT v. Transocean Offshore International Ventures Ltd., CIT (International Taxation) v. Schlumberger Asia Services Ltd., State of AP v. Vasudeva Rao, CIT v. A.M. Fazil and Mukesh Vasantkumar Chandan v. ITO\r\n[Ministry of Finance Clarifications] Reproduction and analysis of the Select Committee clarification on single-scheme vs. business-wise option, CBDT Circulars (No. 2\/2018 on cash transactions, No. 10\/2017 on ICDS applicability to presumptive taxpayers), and the Finance Minister's 2017 Budget speech rationale for the reduced 6% rate\r\n[Statutory Appendices] Four appendices provide the relevant sections of ITA 2025 (Appendix 1), the corresponding sections of ITA 1961 (Appendix 2), the relevant rules of Income-tax Rules 2026 (Appendix 3) and the relevant rules of Income-tax Rules 1962 (Appendix 4)\u2014a ready cross-reference pack for the transition\r\nThe book provides end-to-end coverage across five analytical divisions:\r\n\r\nConceptual Foundation\r\nConcept, definition, purpose and jurisprudential basis of presumptive taxation\r\nRegular computation vs. presumptive computation of taxable income\r\nRebuttable vs. irrebuttable presumption\u2014structure, proof tests, burden-shifting\r\nPolicy purpose of presumptive taxation\u2014ease of doing business for SMEs, international competitiveness for shipping\r\nThe ITA 2025 applicability matrix across Section 58 Sl. Nos. 1, 2, 3 and Section 61 Sl. Nos. 1 to 6 covering depreciation, other deductions, loss set-off, lower-than-presumptive claim, tax audit and book-keeping\r\nResident Presumptive Taxation (Section 58)\r\nDefining 'business' vs. 'profession' under Section 2(20) and Section 2(86) of ITA 2025\r\nThe 'any business' test and the judicially expanded interpretation of the word 'any'\r\nBusinesses eligible and ineligible for presumptive taxation (agency business exclusion under Section 58(11)(a)(v))\r\n'Specified profession' under Section 62(4) read with sub-rules (2) and (5)(c) of Rule 46 of IT Rules, 2026\u2014Accountancy, Architectural, Authorised representative, Company Secretary, Engineering, Film artist (with itemised list of on-set roles), Information Technology, Interior decoration, Legal, Medical practitioners of any system, and Technical consultancy\r\nEligible assessee definition under Section 58(11)(a)\u2014residency, entity form, agency business bar, commission\/brokerage bar\r\nSl. No. 1 scheme (formerly Section 44AD)\u2014\u20b92 crore\/\u20b93 crore turnover thresholds, 5% cash-receipts test, 8%\/6% rate, single-scheme-for-all-businesses rule, aggregation of turnovers\r\nSl. No. 2 scheme (formerly Section 44AE)\u2014tonnage-based monthly rate per heavy goods vehicle, 10-goods-carriage ceiling test at any time during the tax year, ownership vs. registration certificate test, firm-partner cross-ownership scenarios, partners' salary and interest deductibility under Section 35(e)\r\nSl. No. 3 scheme (formerly Section 44ADA)\u2014\u20b950 lakh\/\u20b975 lakh gross-receipts thresholds, 50% presumptive rate, non-deductibility of partners' remuneration and interest from presumptive income, advance tax relief under Section 408(2) (15 March single instalment)\r\nCompliance Consequences Under Section 58\r\nImplications of declaring PGBP as per Column E\u2014deemed allowance of depreciation, deemed disallowances under Sections 26 to 54, non-applicability of Section 37(2)(g) disallowance for MSMED delayed payments, non-applicability of Section 53 stamp duty value addition (Mukesh Vasantkumar Chandan)\r\nManner of exercising the option\u2014no separate form required, ITR-4 (Sugam) filing, belated and revised return treatment, Section 263(1)\/(5) interaction\r\nConsequences of declaring profit lower than presumptive rate\u2014the expanded Section 58(7) bar that now extends across all three Sl. Nos., 5-year lock-in, 5-year cooling-off\r\nTax audit triggers under Section 63\u2014Condition 1 thresholds (\u20b91 crore\/\u20b910 crore business, \u20b950 lakh non-specified profession), Condition 2 (lower-than-presumptive with total income exceeding basic exemption)\r\nBook maintenance triggers under Section 62\u2014the \u20b91,20,000 \/ \u20b92,50,000 PGBP and \u20b910,00,000\/\u20b925,00,000 gross receipts thresholds\r\nOpting out\u2014voluntary vs. irregular exit, opt-out during lock-in, opt-out without violating Section 58(7), delayed e-filing of tax audit report (which does not invalidate opt-out)\r\nNon-Resident Presumptive Taxation (Section 61)\r\nSection 61(1) overriding effect over Sections 26 to 54 (wider than Section 44BB's ambit under ITA 1961)\r\nSl. No. 1\u2014shipping (non-cruise)\u20145% of (A+B), irrebuttable presumption, formerly Section 44B\r\nSl. No. 2\u2014cruise ship operation\u2014formerly Section 44BBC, with its specific conditions for specified assessees\r\nSl. No. 3\u2014aircraft operation\u20145% of (A+B), irrebuttable presumption, formerly Section 44BBA\r\nSl. No. 4\u2014civil construction in turnkey power projects\u201410% of (A+B), formerly Section 44BBB\r\nSl. No. 5\u2014mineral oil prospecting\/extraction\/production services\u201410% of (A+B), rebuttable presumption, formerly Section 44BB, non-applicability where Section 54\/Section 59\/Section 207\/Section 527 apply\r\nSl. No. 6\u2014services or technology for electronic goods manufacturing in India to resident company\u2014formerly Section 44BBD\r\nFor each: includibility\/excludibility of TDS (Section 396(a), formerly Section 198) and GST (following Vantage International, Transocean Offshore and Schlumberger Asia), Section 277\/ICDS relevance, and the 'View 1\/View 2' analysis on inclusion of GST\r\nTonnage Tax Scheme (Sections 225\u2013235)\r\nQualifying Indian shipping company tests under Section 235(h)\u2014Indian company, place of effective management in India, ownership of at least one qualifying ship, main object of operating ships\r\nQualifying ship tests under Section 235(i)\u201415 net tons or more, registration under the Merchant Shipping Act 1958 (or foreign-registered with DG Shipping licence under Sections 406\/407), valid tonnage certificate; with the itemised list of excluded vessels (fishing vessels, factory ships, pleasure crafts, harbour\/river ferries, offshore installations, dredgers)\r\nInland vessels and the Inland Vessels Act, 2021 interface\r\nDaily tonnage income slabs\u2014\u20b970 for each 100 tons up to 1,000 tons; \u20b9700 plus \u20b953 per 100 tons from 1,000\u201310,000; \u20b95,470 plus \u20b942 per 100 tons from 10,000\u201325,000; \u20b911,770 plus \u20b919 per 100 tons above 25,000\r\nDeemed tonnage for slot charter, space charter and break-bulk vessel sharing under Rule 146 of IT Rules, 2026\r\nJoint operation computations under Section 227(7) and (8)\r\nCore activities under Section 228(3)\u2014pooling arrangements, contracts of affreightment, on-board\/on-shore passenger ship activities, slot charters, space charters, joint charters, feeder services, container box leasing\r\nIncidental activities cap at 0.25% of turnover from core activities\r\nMAT book profit exclusion under Section 206(1)(c)\r\nDepreciation bifurcation formulas under Section 229\u2014allocating existing block WDV between qualifying assets and other assets in the ratio of book WDVs\r\nExclusion of deductions, losses and set-offs under Section 230\u2014no carry-forward of business losses, speculation losses, specified business losses or capital losses attributable to operating qualifying ships; no Chapter VIII deductions\r\nMethod and time of opting\u2014Form No. 80 application to Joint Commissioner within three months of incorporation\/qualification, three-month disposal period, 10-year validity, renewal\r\nTonnage tax reserve account under Section 232(1)\u201420% of book profit from core activities, 8-year utilisation window for acquiring new ship\/inland vessel, consequences of shortfall and non-creation for two consecutive years\r\nMinimum training requirements under Director-General of Shipping\/Inland Waterways Authority guidelines, certificate filing with ITR under Section 263, consequences of non-compliance for five consecutive tax years\r\nCharter-in limit of 49% of net tonnage, averaging methodology, consequences of exceeding for two consecutive tax years\r\nMaintenance of separate accounts and CA audit report under Section 232(21)\r\nAmalgamation and demerger treatment under Section 233\r\nAvoidance of tax and exclusion from the scheme under Section 234\u2014tax advantage test, show-cause procedure, Principal CCIT\/CCIT prior approval, appellate remedy\r\nTemporary cessation vs. permanent cessation under Section 232(22)\/(23)\r\n81 FAQs and Case Studies (Chapter 16)\r\nFree opt-in\/opt-out between presumptive schemes across tax years\r\nReal estate developers and builders\u2014turnover vs. stamp duty value, Section 53 interplay, challenging stamp duty valuation\r\nPartnership firms\u2014deed clauses requiring audit, registered vs. unregistered firms under the Indian Partnership Act 1932, oral partnerships, interest\/remuneration to partners, deductibility under Section 35(e) (formerly Section 40(b)), TDS under Sl. No. 7 of Section 393(3) Table (formerly Section 194T) on partner payments, disallowance under Section 36(4) (formerly Section 40A(3)) for cash payments exceeding \u20b910,000\r\nNursing homes (business vs. profession characterisation), coaching classes, stamp vendors, lottery agents, airline ticket agents\r\nMSMED delayed payment disallowance under Section 37(2)(g) (formerly Section 43B(h))\u2014applicability to presumptive assessees\r\nResident individual partners of business LLPs claiming Section 58 in respect of salary\/interest received\r\nTanker operators and JCB operators\u2014classification under Sl. No. 1 vs. Sl. No. 2\r\nLife insurance agents and their HUF\u2014karta-HUF eligibility interaction\r\nLimited scrutiny of presumptive returns\u2014AO's power to apply Sl. No. 1 when assessee declares under Sl. No. 2, rectification under Section 287 (formerly Section 154)\r\nTruck sale\/purchase timing at year-end and its effect on the 10-goods-carriage limit\r\nPartnership firms holding trucks in partners' names rather than firm's name\u2014RC test and its dilution\r\nTax audit and lower-than-presumptive declaration under Sl. No. 2\u2014whether AO can apply Sl. No. 1 instead\r\nUnexplained cash deposits and Section 104 read with Section 195 (formerly Section 69A read with Section 115BBE) additions in presumptive returns\r\nBogus purchase additions in presumptive returns\r\nCA professional practice scenarios\u2014full-time vs. part-time COP holders, partner remuneration from CA firms (Anandkumar), monthly-retainer internal\/concurrent audit fees (salary vs. professional fees classification), royalty from books and article-writing receipts\r\nDoctors' scenarios\u2014lady MBBS\/MD with salary and evening clinic, doctor running nursing home and clinic, doctor as partner in nursing home firm\r\nAyurveda, Siddha, dentists, pathologists under Sl. No. 3\r\nGross receipts scope for CAs under Section 2(2) of the CA Act 1949 and Regulation 191\u2014what counts, what does not\r\nImpact of showing artificially lower gross receipts on eligibility to issue valuation reports under Rule 11, Form No. 4 under Rule 12 and safe harbour certificates under Rule 89(2) of IT Rules, 2026\u2014and the 60-tax-audit annual limit for CAs effective 2026-27\r\nGoods carriage owners furnishing PAN\/Aadhaar declarations under Sl. No. 8 of Section 393(4) Table\u2014PAN validity and deductor verification responsibility\r\nITR-4 (Sugam) disclosure requirements for AY 2026-27\u2014the new Financial Particulars of the Business section, individual vs. firm disclosure obligations, when to use ITR-3 with Schedule AL instead of ITR-4 Sugam for capturing personal investments in equity, gold, silver, etc.\r\nThe book is organised into five analytical divisions followed by four appendices:\r\n\r\nDivision 1 \u2013 Concept and Purpose of Presumptive Taxation | Chapter 1 introduces the concept, distinguishes regular from presumptive taxation, defines rebuttable and irrebuttable presumption, articulates the policy purpose, and lays out the complete ITA 2025 applicability matrix in tabular form for residents and non-residents\r\nDivision 2 \u2013 Presumptive Taxation of Business or Profession of Resident Individuals, HUFs and Firms | Chapters 2 to 8 cover: definitions of 'business' and 'profession' (Chapter 2), businesses eligible for presumptive taxation (Chapter 3), specified professions of residents (Chapter 4), resident taxpayers who can opt for presumptive taxation (Chapter 5), Sl. No. 1 scheme (Chapter 6 \u2013 13 sub-sections), Sl. No. 2 scheme (Chapter 7 \u2013 13 sub-sections), and Sl. No. 3 scheme (Chapter 8 \u2013 13 sub-sections)\r\nDivision 3 \u2013 Presumptive Taxation of Certain Business Activities of Non-Residents | Chapters 9 to 14 cover the six non-resident presumptive schemes in Section 61\u2014shipping (Chapter 9), cruise (Chapter 10), aircraft (Chapter 11), mineral oil exploration (Chapter 12), turnkey power projects (Chapter 13) and electronic goods manufacturing services\/technology (Chapter 14)\u2014each following a uniform 12\u201316 sub-section template\r\nDivision 4 \u2013 Tonnage Tax Scheme for Qualifying Indian Shipping Company | Chapter 15 covers the tonnage tax regime as now contained in Sections 225 to 235 of ITA 2025 across 21 sub-sections, from the basic tonnage income slabs through amalgamation, demerger and exclusion for tax avoidance\r\nDivision 5 \u2013 FAQs and Case Studies on Presumptive Taxation | Chapter 16 contains 81 numbered FAQs and worked case studies\r\nAppendices | Appendix 1 reproduces the relevant sections of ITA 2025 (Sections 58, 61, 225\u2013235 and related provisions); Appendix 2 reproduces the corresponding sections of ITA 1961 (44AD, 44ADA, 44AE, 44B\u201344BBD, 115V\u2013115VZC); Appendix 3 reproduces the relevant rules of Income-tax Rules 2026 (notably Rule 46, Rule 48, Rule 146); Appendix 4 reproduces the relevant rules of Income-tax Rules 1962 (Rule 6F, Rule 6ABBA and related)\r\nEvery chapter dealing with a specific presumptive provision follows a uniform analytical template that makes the book equally navigable for first-time readers and experienced practitioners, and the extensive cross-referencing between chapters and FAQs allows the reader to move seamlessly between statutory analysis and practical application\r\n","created_at":"2026-06-06 13:12:18","video":null},{"id":"45","title":"Taxmann Law Relating to Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act 2015","price":"1125.00","tax":null,"image":"https:\/\/api.lakshmilawhouse.com\/PhpBackend\/images\/1780731950_black money.jpg","category":"Professional Books","type":"book","description":"Law Relating to Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act 2015 is the most comprehensive practitioner's-level commentary. It is updated to include all amendments made by the Finance Act 2026. The book offers a section-by-section analysis of every provision of the Act, supported by the authors' considered opinions on over 200 critical interpretive issues\u2014most of which are either still pending before the constitutional courts or have been settled only by ITAT decisions subject to further challenge. Additionally, the book features, for the first time, a dedicated chapter on the Foreign Assets of Small Taxpayers Disclosure Scheme 2026 (FAST-DS 2026), introduced by the Finance Act 2026 under Sections 130 to 144.\r\n\r\nThis book is intended for the following audience:\r\n\r\nChartered Accountants, Tax Advocates, and Company Secretaries advising clients with cross-border assets, foreign bank accounts, overseas trusts, or financial interests in foreign entities\r\nJudicial and Quasi-Judicial Officers including ITAT Members, CIT(A)s, and Assessing Officers handling proceedings under the Act\r\nSenior Litigation Counsel appearing before High Courts and the Supreme Court in Black Money Act matters\r\nHigh Net Worth Individuals, NRIs Returning to India, and persons with historical foreign asset positions who need to understand their exposure and compliance obligations\r\nAcademic Researchers and Law School Faculty engaged in the study of anti-black money legislation and international tax enforcement\r\nThe Present Publication is the 5th Edition | 2026 and has been amended by the Finance Act 2026. This book is authored by Dr Raj K. Agarwal & Dr Rakesh Gupta, with the following noteworthy features:\r\n\r\n[No-Time-Limit Assessment Regime Fully Analysed] The Black Money Act prescribes no time-barring limit for initiating assessment or reassessment\u2014proceedings can be initiated even 30 or 40 years after the fact. The book examines the constitutional validity, practical operation, and litigation risks arising from this provision in granular detail\r\n[Section-By-Section Commentary with Full Text] Every section of the Act is reproduced along with original Notes on Clauses from the legislative record, followed by a structured analysis of salient features and significant issues\u2014making the commentary self-contained as a working reference\r\n[Over 200 Critical Issues Identified and Opined Upon] Each chapter lists the significant issues of litigation arising from its sections and provides the authors' considered opinion. These opinions cover interpretive gaps, constitutional challenges, procedural ambiguities, and questions not yet resolved by courts\r\n[Authors Openly Disagree with the CBDT Where Warranted] On whether pre-1st July 2015 assets are assessable under the Act, the authors directly challenge the CBDT's aggressive FAQ position\u2014citing the Supreme Court's Ganpati Dealcom ratio\u2014and state their considered opinion that such interpretation is legally untenable and constitutionally problematic. This intellectual honesty is a defining feature of the book's value to litigation counsel\r\n[Tracks Legislative Evolution Across Five Finance Acts] Every amendment\u2014the 2019 retrospective expansion of 'assessee', the 2024 prosecution threshold revision, the 2026 prosecution amendments, and the introduction of FAST-DS 2026\u2014is placed in historical context with analysis of what changed, why, and what litigation consequences follow\r\n[Cross-Referenced to Both the Income-Tax Act 1961 And the Income-Tax Act 2025] All references to income-tax provisions appear in dual form\u2014citing both the corresponding section of the Income-tax Act 1961 and its equivalent in the newly enacted Income-tax Act 2025\u2014ensuring the book remains fully current as India's direct tax statute transitions\r\n[Schedule FA Treated as a Substantive Legal Obligation] The book documents what Schedule FA requires across all asset categories and draws a precise distinction between disclosures that immunise against BMA proceedings and those that merely furnish the Assessing Officer with a trigger to initiate them\r\n[Practical Roadmap for NRIs and Persons with Historical Foreign Positions] The book systematically maps obligations for persons who acquired foreign assets as non-residents and have since become resident\u2014covering Schedule FA disclosure timing, the NOR status window, and the documentary evidence that must be preserved indefinitely against a future Section 10 notice\r\n[Structured Treatment of the BMA\u2013PMLA Interplay] The book addresses the parallel enforcement architecture arising from the Act's scheduled offence status under PMLA\u2014including the PMLA's independent arrest powers that the BMA itself does not confer\u2014and the consequences for clients facing simultaneous exposure under both statutes\r\n[Covers FAST-DS 2026 in its Entirety] Chapter 10A provides a complete treatment of the Foreign Assets of Small Taxpayers Disclosure Scheme 2026, including statutory text (Sections 130\u2013144), the Memorandum Explaining Objects, and a structured analysis of salient features\u2014a significant addition exclusive to this Edition\r\n[Valuation Chapter with Rule-level Analysis] Chapter 12 sets out the full valuation framework under the Act, including the fair market value methodology for different asset classes, valuation by foreign valuers, the significance of the valuation date, the treatment of assets no longer in existence as on the valuation date, and re-rolling scenarios\r\n[Comprehensive Appendices] Four appendices reproduce all prescribed forms (Forms 1\u20138), key CBDT circulars from 2015 through 2024, all material CBDT notifications, and extracts from other laws cross-referenced in the Black Money Act, including the CPC, IPC\/BNS, Companies Act, LLP Act, and Constitution of India\r\nThe coverage of the book is as follows:\r\n\r\nChapter 1 \u2014 Introduction and Legislative Background\r\nThe preamble, full Statement of Objects and Reasons from the original Bill, the Act's operative date (1st July 2015 \u2014 itself a product of an executive order under Section 86 upheld in Union of India v. Gautam Khaitan), scope, salient features including the eleven distinguishing characteristics of the Act (no time bar, no separate return, fair market value taxation, supersession of Income-tax Act, no DTAA credit, no arrest power, PMLA linkage), the rationale for a separate statute, and a detailed list of probable issues of litigation across assessment, interest, penalty, and prosecution dimensions\r\nChapter 2 \u2014 Applicability and Definitions (Sections 1 & 2)\r\nFull analysis of the definition of 'assessee' including the retrospective amendment made by the Finance Act 2019 with effect from 1st July 2015\u2014expanding coverage to non-residents and NORs who were resident in the year the income was earned or the asset was acquired. The book analyses the ambiguity this creates: a person who was NR\/NOR when the asset was acquired but has since become resident can be served notice, but retains the ability to establish non-chargeability by proving his status in the acquisition year. The definition of 'undisclosed asset located outside India' under Section 2(11) is analysed exhaustively\u2014covering the requirement that the asset be located outside India (with a detailed location matrix for different asset classes drawn from Rule 8 of the Estate Duty Act as a guiding framework), the concept of 'financial interest in any entity', the distinction between registered owner and beneficial owner (with analysis of the contradictory ITAT decisions on whether ITAT or income-tax Act definitions of 'beneficial owner' govern), and the treatment of fiduciary capacity\u2014including the landmark Krishna Das Agarwal decision where the Jaipur ITAT deleted an addition of \u20b9146.42 crore by finding that assets of a UAE company did not belong to the Indian settlor\r\nChapter 3 \u2014 Charge, Scope and Computation (Sections 3, 4 and 5)\r\nThe 30% flat tax rate on total undisclosed foreign income and assets. The key distinction between undisclosed foreign income (taxed in the year earned) and undisclosed foreign assets (taxed in the year the Assessing Officer receives information\u2014regardless of when the asset was acquired). Section 5's prohibition on all deductions, allowances, and loss set-offs\u2014with the authors' nuanced observation that this should not be taken to mean taxation of income on a gross basis. The proportionate deduction mechanism for partially explained assets under Section 5(1)(ii) with the statutory illustration. The authors' analysis of 26 significant issues, including: the contested question of whether assets acquired before 1st July 2015 are assessable (the authors' considered opinion is that the constitutional validity of such assessment is legally untenable, referencing the Supreme Court's ratio in Ganpati Dealcom on the Benami Act); whether assets not existing as on 1st July 2015 or even as on the date of the AO's notice can be taxed (addressed in Rule 3(2) but constitutionally problematic); the absence of DTAA relief; the treatment of income disclosed in updated returns under the Income-tax Act; and double jeopardy between the Income-tax Act assessment and BMA assessment for the same income\r\nChapter 4 \u2014 Tax Authorities (Sections 6 to 9)\r\nThe jurisdictional framework, summons power under Section 8, the absence of search and survey powers under the Act (unlike the Income-tax Act), whether non-residents can be summoned, and the time limits\u2014or absence thereof\u2014for issuing summons and seeking information relating to pre-commencement years\r\nChapter 5 \u2014 Assessment and Reassessment (Sections 10 to 14)\r\nThe mechanics of assessment initiated on information coming to the Assessing Officer's notice\u2014without any requirement to record satisfaction (unlike Section 148A of the Income-tax Act 1961), without prior approval of higher authorities, and without any time bar. The absence of faceless assessment applicability under this Act. The question of whether CRS\/DTAA information alone suffices as the trigger\u2014and judicial guidance that such information must be corroborated. Section 11's provision for fresh assessment after set-aside or cancellation by the Tribunal (including the distinction between Sections 11(2) and 11(3)). Assessment of beneficial owners under Section 14 and the anomaly of section 14 extending coverage to beneficiaries who are not beneficial owners (a position that creates tension with the definition in Section 2(11)). The book addresses 19 significant issues under this chapter\r\nChapter 6 \u2014 Appeal and Revision (Sections 15 to 29)\r\nThe appellate hierarchy under the Act\u2014First Appeal before the Commissioner (Appeals), Second Appeal before the ITAT, and further appeals to the High Court and Supreme Court on substantial questions of law. Key issues: whether the right to appeal extends to persons aggrieved but not assessed; whether the CIT(A) can enhance penalty; whether the one-year limit on condonation of delay by the appellate authority is justifiable; and the scope of admissibility of additional evidence\r\nChapter 7 \u2014 Recovery of Tax and Interest (Sections 30 to 40)\r\nRecovery of tax demands from domestic assets where foreign assets are unreachable. The powers and role of the Tax Recovery Officer versus the Assessing Officer. Provisional attachment before assessment. The personal liability of company managers under Section 35, and who qualifies as 'Manager'. Recovery from foreign-situated assets under Section 38 through the bilateral agreement framework. The interest provisions under Section 40\u2014which mirror Sections 234A, 234B, and 234C of the Income-tax Act\u2014including the question of whether interest for late filing of return applies when a return was filed under the Income-tax Act but foreign income was undisclosed. The authors identify an anomaly: no equivalent to Sections 220 and 221 of the Income-tax Act (Sections 411 and 412 of the ITA 2025) exists under the Black Money Act for interest on tax demands and penalties for default in payment\r\nChapter 8 \u2014 Penalties (Sections 41 to 47)\r\nThe most detailed penalty chapter in any commentary on this Act. Section 41\u2014the core penalty at 90% of the value of undisclosed foreign income and assets, imposed in addition to tax. Sections 42 and 43\u2014the \u20b910 lakh flat penalty for failure to furnish return of income in relation to foreign assets and for furnishing inaccurate particulars, respectively, applicable even where the quantum of the asset is negligible and even where no assessment proceedings have been initiated. The authors critically examine whether the imposition of \u20b910 lakh irrespective of the asset's quantum is constitutionally justifiable. Section 44\u2014penalty for failure to pay tax. Section 45\u2014miscellaneous penalty provisions, including the burden of proof and the quantum question (per year or cumulative). The book examines 14 significant issues, including: whether all five penalty provisions are mandatory or discretionary; what defences are available under Section 41 (reasonable cause specifically pleadable); and whether penalties under Sections 42 and 43 can be imposed independently for each year of default\u2014an issue with enormous financial implications for multi-year non-disclosure cases\r\nChapter 9 \u2014 Prosecution (Sections 48 to 58)\r\nCriminal liability under the Act is addressed with unusual thoroughness. Section 48\u2014wilful attempt to evade tax, with rigorous imprisonment of three to ten years. Section 49\u2014failure to furnish return in respect of foreign assets. Section 50\u2014furnishing inaccurate particulars. Section 51\u2014wilful attempt to evade tax. Section 52\u2014false statement in verification. Section 53\u2014abetment. Sections 54 to 58\u2014enhanced punishment for second and subsequent offences, presumption of wilful default, offences by companies, and punishment for falsification of accounts. The book analyses: whether prosecution can be initiated without a prior assessment or penalty order; whether parallel prosecution under the BMA and the Income-tax Act or PMLA is permissible for the same offence; the absolute bar on compounding of offences under the Act; look-out notices; the alignment of prosecution threshold amounts with penalty threshold amounts (or lack thereof, in the pre-Finance Act 2026 position); and the newly inserted provision requiring Income Tax Clearance Certificates for persons leaving India\r\nChapter 10 \u2014 Declaration Scheme (Sections 59 to 72)\r\nThe one-time compliance window that was available from 1st July 2015 to 30th September 2015, permitting declaration of all undisclosed assets located outside India with payment of tax at 30% and penalty at 25% (effectively 7.5% and 7.5% respectively of fair market value). The legal consequences of non-declaration\u2014Section 72(c)'s deeming fiction that treats the year of notice issuance as the year of acquisition for pre-commencement assets not declared under the scheme. The authors' constitutional critique of this deeming provision and its interaction with the Supreme Court's Ganpati Dealcom ratio. The bar on use of declared information as evidence\r\nChapter 10A \u2014 FAST-DS 2026 (Sections 130 to 144)\r\nNew to this Edition. Full text of all 15 sections of the Foreign Assets of Small Taxpayers Disclosure Scheme 2026, the Memorandum Explaining Objects, and a structured feature-by-feature analysis. This chapter will be the primary point of reference for practitioners advising clients considering whether to avail the scheme in the first year of its availability\r\nChapter 11 \u2014 General Provisions (Sections 73 to 88)\r\nService of notices, authentication of documents, agreement with foreign countries for exchange of information and recovery of tax (Section 73), rounding off, power to make rules, power to remove difficulties (Section 86\u2014the provision under which the Act's commencement date was preponed from 1st April 2016 to 1st July 2015 by executive order), and transitional provisions\r\nChapter 12 \u2014 Valuation\r\nThe complete valuation framework\u2014rules for 14 asset categories using the location matrix methodology, Rule 3 fair market value determination, valuation by foreign valuers (including the requirement to obtain a valuation report and its evidentiary value before the AO), the higher-of-cost-or-FMV rule for transferred assets, re-rolling of assets under Rule 3(3), and the bank account cumulative deposits methodology under Rule 3(1)(e) with the ITAT endorsement from Rashesh Manhar Bhansali\r\nThe structure of the book is as follows:\r\n\r\nFull Statutory Text \u2014 Every section reproduced verbatim as the foundation of analysis\r\nNotes on Clauses \u2014 Drawn from the original Bill to establish legislative intent at the source\r\nSalient Features \u2014 Structured as numbered analytical points covering each provision's operative mechanics\r\nSignificant Issues \u2014 Each framed as a precise legal question followed by the authors' considered opinion, supported by statutory interpretation, CBDT circulars, valuation rules, and judicial decisions\r\nThis architecture makes the book equally usable as an immediate reference tool and as a source of prepared litigation arguments.\r\nThe cross-reference tables map every BMA section to both versions of the Income-tax Act and to all other laws referenced, functioning as a navigation system for practitioners who encounter the Act in proceedings that also involve the Income-tax Act, PMLA, FEMA, or CPC.\r\nThe four appendices are integrated into the substantive analysis by cross-references within the chapters:\r\nAppendix 1 \u2014 All 8 prescribed forms under the Act\r\nAppendix 2 \u2014 5 CBDT Circulars (2015\u20132021), including the critical FAQ Circular No. 13 of 2015 on retroactivity, NR\/NOR coverage, and consequences of non-declaration, and the two Covid-19 residential status relaxation circulars\r\nAppendix 3 \u2014 15 CBDT Notifications (2017\u20132024), including the valuation rules notification and all rule amendments\r\nAppendix 4 \u2014 Extracts from 9 other statutes cross-referenced in the Act","created_at":"2026-06-06 13:15:50","video":null},{"id":"46","title":"Taxmann Taxation of Real Estate Developers & Joint Development Arrangements with Accounting Aspects 2026","price":"1645.00","tax":null,"image":"https:\/\/api.lakshmilawhouse.com\/PhpBackend\/images\/1780732130_taxation real esate.jpg","category":"Professional Books","type":"book","description":"Taxation of Real Estate Developers & Joint Development Arrangements with Accounting Aspects is one of the most authoritative and exhaustive treatises available on the taxation of real estate transactions in India, with a specialist focus on joint development arrangements (JDAs)\u2014a structuring mechanism whose tax treatment remains among the most contested and evolving areas of income tax law. The book is uniquely significant for the current year, as it also integrates the provisions of the new Income-tax Act 2025 (effective from 1st April 2026 for Tax Year 2026-27) alongside corresponding cross-references to the Income-tax Act 1961. This dual-statute mapping\u2014spanning every substantive section discussed\u2014makes it an indispensable reference during the transition to the recodified statute.\r\n\r\nThe authors, both practising for over four decades and each holding fellowship of ICAI, ICSI, and associateship of ICAI (Cost), bring an uncommon combination of professional practice depth, appellate tribunal experience, and academic rigour to a subject that straddles income tax, accounting standards, and commercial law. The book addresses the tax positions of two of the three principal stakeholders in a JDA\u2014the land owner and the developer\u2014with the accounting dimension treated not as an appendix but as an integral analytical layer woven throughout.\r\n\r\nThe book is written for practitioners operating at the intersection of real estate, taxation, and accounts. Its primary readership includes:\r\n\r\nChartered Accountants engaged in tax advisory, audit, or litigation involving real estate developers, builders, and landowners\r\nAdvocates and Tax Consultants representing clients before Income Tax Appellate Tribunals, High Courts, and the Supreme Court in real estate tax disputes\r\nCompany Secretaries and Cost Accountants advising on structuring of real estate transactions and compliance\r\nCorporate Finance and Legal Teams of real estate development companies, housing finance entities, and large land-owning trusts or families\r\nTax Officials and ITAT Members seeking a consolidated reference on divergent judicial positions\r\nAcademics and Researchers in taxation and real estate law\r\nThe text assumes advanced domain familiarity\u2014it does not simplify concepts for a generalist audience but instead addresses points of genuine legal controversy and professional judgment with analytical depth.\r\n\r\nThe Present Publication is the 9th Edition | 2026, amended by the Finance Act 2026. This book is authored by Dr Raj K. Agarwal & Dr Rakesh Gupta with the following noteworthy features:\r\n\r\n[Dual-Statute Cross-Referencing] Every provision of the Income-tax Act 1961 discussed in the book is mapped to its corresponding section in the new Income-tax Act 2025. This is done systematically throughout the text\u2014not merely in footnotes\u2014making the book actionable both for matters still pending under the 1961 Act and for fresh assessments under the 2025 Act\r\n[Issue-Based Architecture] Rather than organising content section-by-section in a commentary format, the book is structured around discrete, practical tax issues and controversies. Each issue is framed as a question or problem statement, followed by analysis of the statutory position, the accounting treatment, and the judicial view\u2014including conflicting High Court and ITAT decisions\r\n[Comprehensive Judicial Digest] The List of Cases spanning multiple pages covers decisions of the Supreme Court, all major High Courts, and the ITAT\u2014including very recent rulings up to 2025. Each case is cross-referenced to the specific paragraph where it is discussed, enabling targeted look-up\r\n[Accounting Standards Fully Integrated] The accounting treatment for real estate transactions is not relegated to a standalone chapter. The book analyses the evolution from AS-7 (1983 and Revised 2002) through AS-9, the ICAI Guidance Note of 2006, the Revised Guidance Note of 2012, IFRS 15, IFRIC 15, and the Income Computation and Disclosure Standards (ICDS-III and ICDS-IV)\u2014and then maps each standard's principles directly onto the income tax computation framework\r\n[Section 45(5A)\/Section 67(14)\u2014Dedicated Chapter] The introduction of section 45(5A) by the Finance Act 2017 (now section 67(14) of the Income-tax Act 2025) fundamentally altered the capital gains landscape for JDA land owners. The book contains a full chapter devoted to the analysis of this provision, including its scope, conditions, valuation of stamp duty consideration, and the several unresolved controversies that have emerged since its introduction\r\n['On Money' and Search Case Scenarios] Uniquely, the book addresses the practical realities of income tax search and seizure proceedings in real estate cases\u2014including the tax treatment of 'on money' receipts, extrapolation methodologies used by the department, best judgment assessments, and the manner of additions where unaccounted income and expenses are both evidenced\r\nThe book covers the following substantive areas:\r\n\r\nFor the Developer\r\nRevenue Recognition Methodology \u2014 The foundational controversy between the Completed Contract Method (CCM) and the Percentage of Completion Method (PCM)\u2014is examined exhaustively across three distinct legal periods: pre-2003 (AS-7 era), post-2003 (AS-9 and Guidance Note era), and the current Ind AS\/ICDS framework. The judicial controversy spanning decades and jurisdictions is mapped comprehensively. Specific issues addressed include\r\nValuation of WIP and inventory\r\nAllowability of foreseeable losses\r\nMatching of advertisement, commission, and borrowing costs\r\nTaxability of rental income from stock-in-trade\r\nTransfer charges\r\nTransferable Development Rights (TDRs)\r\nCancellation of bookings\r\nMAT applicability\r\nTax treatment of advances received from customers\r\nFor the Land Owner\r\nThe determination of whether land contributed under a JDA is a capital asset or a business asset is analysed with reference to judicial divergence across multiple High Courts. The year of transfer of land\u2014a question that has produced some of the most contested and contradictory judicial pronouncements in Indian real estate tax law\u2014is examined through the lens of every major decision. Issues of conversion of capital asset into stock-in-trade under section 45(2)\/67(6), the definition of 'transfer' under section 2(47)\/2(109), and the full-value of consideration in kind are covered in depth\r\nDeeming Provisions \u2014 Stamp Duty, Deemed Income, and Deemed Consideration\r\nChapter 14 is one of the most practically valuable sections of the book, dedicated to the three interlocking deeming provisions that affect both developers and land owners: section 50C\/sections 2(110) & 78 (deemed sale consideration for capital assets), section 43CA\/section 53 (deemed sale consideration for stock-in-trade), and section 56(2)(x)(b)\/section 92(2)(m)(ii) (deemed income in the hands of the buyer or recipient). The book addresses over twenty distinct issues arising from each provision, including applicability to leasehold rights, development rights, pre-possession transfers, depreciable assets, related-party transactions, JDA consideration in kind, and the interplay with exemptions under sections 54\/54F\/82\/86\r\nAffordable Housing \u2014 Section 80-IBA\/Section 142\r\nA dedicated chapter analyses the deduction available to developers of affordable housing projects under section 80-IBA of the 1961 Act (section 142 of the 2025 Act), including eligibility conditions, project size parameters, carpet area restrictions, and judicial developments\r\nAgricultural Land\r\nThe taxability of capital gains on transfer of agricultural land\u2014including urban and rural classifications, exemptions, and computation nuances\u2014is covered as a discrete chapter given its frequent occurrence in JDA structures where agricultural land is brought into development\r\nThe structure of the book is as follows:\r\n\r\n15 Substantive Chapters covering the full spectrum from JDA formation and structure through developer taxation, accounting standards, IFRS, ICDS, landowner taxation, capital vs. business asset determination, conversion provisions, the definition of transfer, deeming provisions (section 50C\/43CA\/56(2)(x)), the JDA-specific capital gains provision (section 45(5A)), agricultural land, and affordable housing\r\n8 Appendices Reproducing Primary Texts \u2014 AS-7 (Construction Contracts) in full, AS-9 (Revenue Recognition) in full, AS-27 (Financial Reporting of Interests in Joint Ventures) in full, Census 2011 urbanisation data (relevant for classifying agricultural land), IAS 11 (Construction Contracts), ICDS-III and ICDS-IV, relevant provisions of the Income-tax Act 2025 (with 1961 Act mapping), and CBDT Notifications SO 9447 and 11186 on urbanisation\r\n35+ Pages of Case Law Index mapping hundreds of decisions alphabetically to the specific paragraphs within the text where they are discussed\u2014enabling rapid look-up by case name during argument preparation\r\n","created_at":"2026-06-06 13:18:50","video":null},{"id":"47","title":"Taxmann Gold & Taxation 2026","price":"695.00","tax":null,"image":"https:\/\/api.lakshmilawhouse.com\/PhpBackend\/images\/1780732293_gold taxation.jpg","category":"Professional Books","type":"book","description":"Gold & Taxation is the first and only dedicated treatise in India on the taxation of gold and silver across all forms of ownership, investment, and trade. Now in its Fifth Edition, the book has been comprehensively revised to incorporate the Income-tax Act 2025 (ITA 2025), the Union Budget 2026, and the latest GST framework applicable to the gold and silver sector.\r\n\r\nThe book's scope is comprehensive. It covers gold in all its forms\u2014jewellery, ornaments, coins, biscuits, bars, utensils, Gold ETFs, Sovereign Gold Bonds, Gold Mutual Funds, Electronic Gold Receipts, gold futures and options, and gold held in bank lockers. Silver is treated as a co-equal subject, with its own dedicated chapter covering jewellery, coins, bars, silverware, and Silver ETFs. GST is addressed at the retail and trader levels, and through the full apparatus of HSN codes, rates, input tax credit, and compliance forms.\r\n\r\nThe writing style is a deliberate departure from the impenetrable prose typical of legal reference books. The author deploys anecdote, wit, rhetorical questions, and worked examples alongside hard statutory text, making the book genuinely engaging. The preface itself opens with a conversation between Chitragupta and a wealthy soul who failed to pay income tax on his gold\u2014immediately signalling the register in which the book operates.\r\n\r\nThe book serves a wide but defined audience, each segment finding something directly actionable:\r\n\r\nIndividual Taxpayers and Families who own gold and want to understand what they can legally hold, how to document it, what happens during an income-tax raid, and how to plan capital gains efficiently\r\nWomen and Families Navigating Stridhan Claims\u2014the book provides a definitive and deeply cited treatment of stridhan under Hindu law and income-tax law, supported by High Court and Tribunal rulings, making it essential reading for anyone whose jewellery might face scrutiny\r\nJewellers, Bullion Traders, Karigar Operators, and Goldsmith Businesses who need authoritative guidance on books of account, FIFO compliance, GST registration, Input Tax Credit mechanics, reverse charge, job worker provisions, making charges, and the consequences of LIFO adoption\r\nChartered Accountants, Tax Advocates, and Consultants representing clients in search and seizure matters, unexplained investment additions, valuation disputes, undisclosed gold cases, and trader compliance audits\r\nInvestors in Gold ETFs, Sovereign Gold Bonds, Gold Mutual Funds, Silver ETFs, Gold Futures and Options, and Electronic Gold Receipts\u2014all of whom need precise and current tax treatment for each instrument\r\nNRIs who wish to invest in gold in India and need to navigate the TDS\/TCS regime, DTAA benefits, repatriation rules, and NRE vs NRO account choices\r\nStudents and Professionals seeking clarity on how the new Income-tax Act 2025 treats gold provisions relative to the Income-tax Act 1961\r\nThe Present Publication is the 5th Edition, authored by Meenakshi Subramaniam, with the following noteworthy features:\r\n\r\n[First Book of its Kind] The only dedicated treatise in India on gold taxation\u2014consolidating income-tax law, GST, valuation, case law, and investment taxation into a single volume\r\n[Updated for ITA 2025] Every provision cited under the new Act with ITA 1961 cross-references in brackets\u2014e.g., Section 247 of ITA 2025 [Corresponding to Section 132 of ITA 1961]\r\n[Budget 2026 Incorporated] Reflects all Union Budget 2026 amendments, including status quo on CBDT Instruction No. 1916 gold holding thresholds\r\n[Capital Gains Overhaul] Removal of indexation, 12.5% LTCG rate, and slab-rate STCG\u2014fully analysed with worked illustrations and planning strategies\r\n[Extensive Case Law] Rulings from the Supreme Court, seventeen High Courts, and ITAT\u2014spanning decades, with outcomes clearly stated for direct practitioner use\r\n[FAQ Architecture] Every chapter ends with a structured, theme-categorised FAQ section addressing the questions practitioners and taxpayers actually ask\r\n[Worked Numerical Scenarios] Multiple labelled scenarios per chapter\u2014tracing transactions from facts through computation to final tax payable\r\n[Comparative Tables] Side-by-side comparisons across instruments, schemes, and tax treatments\u2014including GDS 1999 vs GMS 2015, Gold ETFs vs Sovereign Gold Bonds, and CBDT seizure limit calculations by family composition\r\n[Dual Tax Coverage] Income tax and GST both addressed\u2014including HSN codes, making charges, ITC, karigar services, job worker provisions, composition scheme, and anti-profiteering\r\n[Silver as Primary Subject] Dedicated coverage of silver jewellery, coins, bars, silverware, and Silver ETFs across income tax and GST\r\n[ITA 2025 Digital Search] Among the first publications to analyse the new statutory authority to override encryption, access cloud data, and intercept WhatsApp communications in gold-related searches\r\n[PMLA Intersection] Covers the 2020 notification bringing jewellers under PMLA, KYC thresholds for cash gold transactions, and rulings where PMLA proceedings overrode income-tax search actions\r\nThe coverage of the book is as follows:\r\n\r\nHow Much Gold Can You Hold\r\nDismantles the misconception that CBDT Instruction No. 1916 caps ownership\u2014it governs seizure only. Covers family-wise limits (500\/250\/100 gm), the seizure-vs-assessment legal split across High Courts, and the \u20b91.2 crore protection available to a four-member family within prescribed thresholds\r\nSearch, Seizure & Income-Tax\r\nFull analysis of Section 247, ITA 2025\u2014powers of entry, seizure, and electronic access\u2014with case law on stock-in-trade seizures, survey-to-search conversions, PMLA override, and appreciation in value additions\r\nDigital Search\r\nNew ITA 2025 provisions authorising override of encryption, cloud access, and WhatsApp interception; Section 249 non-disclosure of reasons; two digital evidence case studies\r\nGold Monetisation Scheme\r\nStep-by-step deposit process, twin tax exemptions (interest & capital gains), revamped 2021 structure, and a seven-parameter comparison table against the 1999 Gold Deposit Scheme\r\nSovereign Gold Bonds\r\nTax profile post-Budget 2024\u2014maturity exemption, secondary market LTCG liability, interest taxability, no TDS, and after-tax comparison with Gold ETFs\r\nUndisclosed & Unexplained Gold\r\nAll six unexplained income heads (Sections 102\u2013106, 195 of ITA 2025), revised tax rates, penalty changes, demonetisation case law, and the \u20b92 lakh cash transaction limit under Section 186\r\nGold ETFs\r\nRevised tax rules from 1st April 2025\u2014STCG at slab rate (under 12 months), LTCG at 12.5% (over 12 months); tax-saving illustration for 13-month vs. 11-month holding\r\nGold Coins\r\nOutside CBDT Instruction No. 1916\u2014can be seized regardless of weight; gift taxation, capital gains treatment, and classification case law\r\nCapital Gains Tax\r\nPost-Finance Act 2024 framework\u201412.5% LTCG (over 24 months), slab-rate STCG, indexation removal impact, deductible expenses, Sections 85\/86 exemptions, EGR conversion neutrality, and five worked scenarios including full Section 54F elimination of tax\r\nValuation of Gold\r\nSection 91, ITA 2025\u2014Registered Valuer vs. Valuation Officer; midnight\/duress valuation challenges; stone exclusion from weight; twelve practical tips\r\nTraders & Gold\r\nFIFO as the only permissible inventory method; consequences of LIFO adoption; books of account standards; TDS inapplicability on melting loss; case law on goldsmith vs. merchant distinction\r\nInheriting Gold\r\nCourts' consistent acceptance of inherited jewellery as explained; documentation guidance\u2014wills, wealth-tax returns, affidavits, remaking bills\r\nGold & Silver Utensils\r\nCapital asset vs. personal effect distinction; case law on daily-use exemption; tips on quantity, weight, and variety\r\nStridhan\r\nDefinitive treatment\u2014Supreme Court foundation, five landmark income-tax cases, pin money protection, documentation, and constitutional bar on withholding stridhan as tax-recovery leverage\r\nGold & GST\r\nConsumer-level GST\u20143% on jewellery, 5% on making charges, exchange\/repair\/karigar\/gift treatment, reverse charge on customer gold sales\r\nGST & Gold Traders\r\nTrader compliance\u2014supply definition, ITC, reverse charge, job worker provisions, hallmarking, instalment schemes, anti-profiteering, transitional provisions\r\nSilver\r\nFull silver coverage\u2014jewellery (GST 3%\/12%), coins, bars, silverware, Silver ETFs; 2-month holding difference halves tax from 30% to 12.5%\r\nGold Mutual Funds\r\nReclassified as debt funds from 1st April 2025; three-layer transitional tax treatment; SIP FIFO taxation illustrated; 2-day delay saves \u20b926,250 on a \u20b91.5 lakh gain\r\nJewellery in Bank Lockers\r\nSearch warrant mechanics, separate warrant per locker, owner's presence not required; Delhi HC 2024 upholding surprise raid on private vaults\r\nGold Futures & Options\r\nBusiness income classification, ITR-3, Section 44AB audit trigger, loss set-off, allowable expenses\r\nGold Biscuits\r\nCapital asset treatment, outside CBDT instruction protection, LTCG\/STCG computation, seizure case law\r\nNRIs & Gold\r\nInvestment avenues, SGB restrictions, repatriation rules, DTAA documentation, TDS at 30%\/20% vs. actual liability, CGAS deferral\r\nTDS & TCS on Gold\r\nTDS on purchases (0.1% above \u20b950L), cash purchases (1% above \u20b92L), TCS on jewellery\/bullion sales, making charges, dealer gold coin commissions (194R), appraisal fees, and melting wastage exclusion from TDS\r\nAppendices\r\nAppendix 1 \u2014 Historical gold and silver rate tables for cost of acquisition computations\r\nAppendix 2 \u2014 CBDT Cost Inflation Index from FY 2001-02 for legacy transaction planning\r\nAppendices 3\u20137 \u2014 Full GST tariff (Chapter 71)\u2014HSN codes, CGST\/SGST\/IGST rates for gold, silver, platinum, diamonds, and precious stones; GST forms for gold traders and karigar operators\r\nAppendix 8 \u2014 Consolidated table of income-tax forms relevant to gold\r\nAppendix 9 \u2014 Comparison matrix of gold investment vehicles\u2014holding periods, tax rates, indexation, TDS\/TCS, CBDT instruction applicability\r\nAppendix 10 \u2014 Relevant income-tax and GST forms in a single reference\r\nThe structure of the book is as follows:\r\n\r\nAnecdote-Led Chapters \u2014 Every chapter opens with a story or scenario to frame the issue accessibly\u2014without compromising technical precision\r\nPrimary Text Reproduced \u2014 CBDT Instruction No. 1916, Section 247 of ITA 2025, key Board circulars, and Finance Ministry clarifications reproduced in full\u2014eliminating the need to consult separate volumes\r\nDual-Citation Format \u2014 Every provision cited under ITA 2025 with the corresponding ITA 1961 section in brackets\u2014a navigation aid for practitioners transitioning between the two Acts\r\nCase Law with Outcomes \u2014 Each case summarises facts, taxpayer's argument, Revenue's argument, and outcome\u2014enabling direct practitioner use without reading full tribunal orders\r\nTips Sections \u2014 Dedicated, numbered, plain-language tips distilled from case law and statute\u2014Chapter 10 (Valuation) carries twelve tips; Chapter 13 (Utensils) carries four\r\nScenarios with Solutions \u2014 Worked examples across capital gains, SIP timing, NRI planning, GMS returns, and ETF holding decisions\u2014with transparent arithmetic under clear Scenario\/Solution headings\r\n","created_at":"2026-06-06 13:21:33","video":null},{"id":"51","title":"Taxmann combo 1","price":"33900.00","tax":null,"image":"https:\/\/api.lakshmilawhouse.com\/PhpBackend\/images\/1781176500_taxman.webp","category":"Webmodules","type":"software","description":"Taxmann combo-1 includes Income Tax & Gst","created_at":"2026-06-10 20:41:42","video":null}]