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Tax-Free Incomes and Investments

Tax-Free Incomes and Investments

:  Subhash Lakhotia
:  9789350356906
:  2016
:  Soft Cover
:  22nd Edition 2016
:  INR 295.00 / US$ 14.75
  • Description

Your A-to-Z ready-reckoner of zero-tax incomes & investments

The twenty-second edition has been thoroughly revised and updated in view of the sea changes brought in by the Finance Act, 2016 under the Income-tax Act, 1961. This book has been written in an alphabetical order with suitable cross reference in a simple and lucid language for easy understanding of readers. It serves as a ready-reckoner for tax planning and reducing the overall tax burden for assessees.

Salient Features:

  • Includes practical examples with more than 100 items of tax-free incomes and investments which result in tax-free income
  • Judicial pronouncements have been examined and mentioned as appropriate
  • Discusses investments which result into tax-free income or zero-level income tax to the investors
  • Helps a tax-payer in reducing his overall tax burden and even to attain a zero-tax status legally
  • Contains areas like agricultural income, casual income, share of profit of a partner from a partnership firm, dividends on shares and units of mutual funds, interest on Relief Bonds, moneys received from the LIC, interest income of NRIs on deposit in Non-Resident (External Account)
  • Includes various types of allowances granted to an employee like the conveyance allowance, uniform allowance, DA, TA, etc.
  • Discusses the tax-free income on new industrial undertakings established in the Free Trade Zones, SEZs and 100% EOUs which enjoy 5 to 10 year complete tax holiday
  • Covers provisions relating to 5-year complete tax holiday to new industrial undertakings in certain backward States and Union Territories, etc.

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