Contents

A. Income Tax  4

1. Tax Calendar For Recurring Work... 4

2. Tax Rates for Current Assessment Years [Assessment Years 2022-23 and 2023-24].. 14

3. Specified Tax Rates Under Income Tax Act.. 17

4. Incomes Exempt from Tax... 24

5. Important Depreciation Rates under Income Tax Act.. 31

6. Cost Inflation Index [From Assessment Year 2018-19].. 32

7. Set Off and Carry Forward Provisions at a Glance... 33

8. Deduction in Respect of Certain Payments.. 33

9. Deduction under Section 80C in Respect of Certain Investments. . 43

10. Deduction in Respect of Certain Incomes.. 49

11. Withholding Tax Rates under DTAA.... 66

12. Instalment of Advance Income Tax... 75

13. TDS Chart [For Financial Year 2022-23].. 76

B. Investment  87

14. Investment Schemes.. 87

C. Central Goods and Services Tax (CGST)  92

15. Overview of GST Law..... 92

16. Levy and Collection of Tax... 93

17. Meaning and Scope of Supply... 94

18. Composition Scheme... 98

19. Reverse Charge Mechanism...... 103

20. Tax Deduction at Source... 110

21. Tax Collection at Source... 111

22. Input Tax Credit.. 113

23. Interest, Late Fee and Penalties.. 115

D. Integrated Goods and Services Tax (IGST)  118

24. An overview of levy of IGST.... 118

25. Zero-Rated Supply... 119

26. Appeal to Appellate Authority... 123

E. Company Law and LLP   126