Table of Contents of the Book: 8170948665

Contents

Preface to the 7th Edition

1. How to Pay Zero Income Tax

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

3. Income Tax Planning by Women

4. Gifts Could be Exempt from Income Tax

5. How to Get Exemption from Capital Gains Tax

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

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

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

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

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

11. Accumulated Income of Minor Not to be Clubbed

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

13. Tax Planning under One Roof

14. Tax Saving for Salaried Employees for Allowances,
Accommodation and Car for A.Y. 2012-2013 and A.Y. 2013-2014.

15. How Your Adult Children Can Save You Tax

16. How Creating a New HUF Can Save You Tax

17. How Working Couples Can Save Income Tax

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

19. How to Save Income Tax through Family Trusts

20. Continuing the Income Tax File of a Deceased Person

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

22. Your Personal Effects are Tax Exempt

23. Save Tax on Educating Your Children

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

25. HUF Possible with Husband, Wife and Daughter

26. Sale of Entire Business of the Going Concern does not
Give Rise to Capital Gains.

27. Tax Planning of Rental Income

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

29. Income Tax on Professional Income

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

31. How to Save Income Tax for Your Successors

32. Tax Deduction in the Name of Spouse and Children

33. Value of Unexplained Investment is Assessable under
Section 69 of the IT Act

34. Income Tax Saving if House Rent is Paid by Any Assessee

35. Share of Income Received on Partition by Sole Coparcener
and His Wife Assessable as HUF

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

37. Avoid Income Tax Raid through Proper Disclosure of
Exempted Gifts

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

39. How to Prevent Your Minor Child's Income Being
Clubbed with Yours

40. Make Hay from Income Tax-Exempt Agricultural Income

41. A Magic Bond to Save Capital Gains

42. Salary Restructuring After the FBT Regime

43. How to Avoid Penalties for Cash Credits or Unproved
Loans

44. Retirement Plans for Maximum Utilisation of Savings

45. Finer Details of Tax Planning

46. Tax Planning for Making a Will

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

48. Where the Property is Treated as Business Asset and not
Capital Asset there is no Question of Invoking Section 50C of the I.T. Act

49. No Prosecution for Belated Filing of Wealth Tax Return If
Default is Not Wilful

50. Tax Implication —Trading versus Investing in Shares

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