INCOME TAX LIBRARY

Special Features

  • All sections of Act and Rules are in up-dated form and amendments made at different occasions are shown through footnote. Reference of any section or rule is given by a link to help user to reach at that place by the help of a click.
  • All notification are updated on day-today basis and all the amendments are shown through footnote. Link of all Sections/Rules mentioned in Notification/Circular are given to reach there by just a click.
  • All Judgements of Supreme Court, High Courts and Income Tax Appellate Tribunal are up-dated on daily basis. All link are given of Section/Rules or other judgements referred in the judgements for easy reach by just a click. Head note and analyzer is also prepared to save time of users.
  • Landmark Judgement are grouped separately to save time of user.
  • Latest Articles on various subjects in English and in Hindi are available.
  • We provide you service to ask any query through our Income Tax Library. Queries replied upto date are available in our "The advisor" tab in the library.
  • In magic search you can find all the material related to a topic at one place. For example you want to know various rules related to cash transactions in income tax Act, the information related to cash transaction like cash payment, cash receipt, cash loan etc. are available at one place here.
  • If you want to calculate tax on your income you can use our tax calculator facility. You can also calculate deferred tax & advance tax through this feature.
  • Ready Reckoner is available on all the topics. It is available for A.Y. 2019-20, 2020-21 & 2021-22.
  • FAQ issued by income tax department are compiled at one place for your ready use.

UNIQUE FACILITIES

Bell facility

  • Any matter up-dated in library but not seen by you is reflected in your bell when you open the library. It will help you to know what new is there for you which you do not want to miss.

Profile facility

  • On right side top of the screen you will find your name. Click here. You will find profile here. Click here. You will find information related to your subscription.

Post query facility

  • Click it and a window will appear. You can type any query and submit the same. It will directly come to us and we shall send you the reply within 48 hours. This is a free facility.

Bookmark facility

  • This is a very unique facility. Suppose you are working on any clients problem and you find various Judgements, Circulars, Notification, reply of query, article, Section, Rule etc. useful for that purpose. You can save that material in one folder by creating a folder in name of that client or by giving some other name.

How to use this facility

  • Suppose you have opened a judgement and you find it useful for your client ABC Ltd. On top of this judgement you will find a tab "Bookmark". Click it. It will ask folder name & bookmark name. Give folder name "ABC Ltd." and bookmark name "Brand equity" and submit.
  • Now open a notification. You will again find "Bookmark" tab on top of it. Click it. Now type just "A" and folder already created by you in the name of "ABC Ltd" will popup. Select it and give bookmark name "notification" and click submit button.
  • Now come to profile and click profile. Here you will find a "Bookmark" tab. Click it and you will find "ABC Ltd." folder here and both the judgement & notification saved by you in this folder are appearing here. Just double click any one and the full content will be before you.
  • You can also edit it by using Microsoft facilities available here. You can also colour any important point of this matter.

Notes Facility

  • This is another very unique feature of this library. Suppose you are preparing any reply of notice or drafting any appeal for your client. You can use this feature for this purpose. You can also prepare any article or notes for discussion using this facility.

How to use this facility

  • Suppose you are reading a judgement in this library and you want to quote some matter from here. You will find a tab "Note" on top of this judgement. Select the required matter by clicking your mouse and copy it and then click notes button. You will shift to notes section of this library and a window will appear before you. Just paste the material copied from that judgement here and click save notes button. It will ask the note name. Give any name say "XYZ Ltd." The note will be successfully added.
  • Now come to some other judgement and copy any matter from this judgement and click notes button. Now it will take over you to notes section. Here the file already created earlier is available "XYZ Ltd." just click it if you want to add this matter in that file and paste the matter copied by you.
  • This way you can prepare any reply, appeal, article or discussion material in the library and it will be available here till you will not delete it.
  • You can create any number of files and save your notes in different files as you do in word facility using the material from our library.
  • It will save your time by avoiding typing the same material again.

HOW TO USE THE INCOME TAX LIBRARY

Finance Act

  • By clicking this tab you will find Budget Speech, Finance Act, Provisions relating to Direct Tax and Vivad se Viswas Act. All the informations at one place are very useful for you to quickly go through it.

    Income Tax Act/Rules/Forms

  • By clicking this tab you will find I.T. Act/Rules/Forms Button.
  • On main screen you can see section wise list.
  • Click any one and see it with links.
  • On every selected section, you will find button (i) Print (ii) Bookmark (iii) Mail (iv) Notes and (v) Close.
  • Book mark and notes facility is a unique feature of this library and it is explained separately.
  • How to use advance search facility

  • Click Advance search and a window will appear on screen.
  • Section/Rule wise search facility and text wise search facility is available.
  • Suppose in text search you type "capital gain" then 24 records will appear before you. Click any row and in all the displayed material "capital gain" word will be available in yellow color.
  • Examples  – Search section → Sec. 68 etc. etc. → Submit     – Search Text → Agricultural Income, Capital gain, Rent, Loans → Submit

    Notification/Circular/Orders/Press Release

  • When you will click it you will find a list of notification etc. issued till date on your screen – date wise.
  • Here you have option on top right hand side to select them as per your choice i.e. All, Notification, Circular, Order, Press release, Guidelines.
  • You have another option of advance search. Click it and you will find a window on your screen. Here you have choice to select the category, subject, text, Govt. S.No. or year.
  • How to use advance search facility

(1) Category — Notification
Subject — Cost Inflation Index
(2) Category — All
Subject — Aadhaar Number

Judgements

  • When you will click it, you will find a list of judgements on your screen  Date wise.
  • When you will click any judgement, you will find on top of screen buttons of print, mail, bookmark, notes, analyzer, close.
  • On top of screen you will find advance search button.
  • In advance search you will find many options to find a useful judgement. Here you have following options to search a judgement  (i) Section wise (ii) Rules wise (iii) Court wise (iv) Citation wise (v) Subject wise (vi) Text wise (vii) Party wise (viii) In favour of Revenue/Assessee (ix) Year wise/month wise.
  • You are also given second search option. This way you can search and then filter again by second search.
  • How to use advance search facility

  • (1) Section wise — 068 " Submit
  • (2)Court wise — High Court " Allahabad High Court " Submit
  • (3)Citation wise — ITR " Vol. 422 " Submit
  • (4)Subject wise — Cash Credit " Submit
  • (5)Text wise — House rent " Submit
  • (6)Party wise — Abacus " Submit

    Land Mark Judgement

  • Very important judgments are selected for your special need. It is used in the same manner as judgements.

Articles

  • Many Articles in English and Hindi are available in this tab. You can search them by subject and by text.

The Advisor

  • Queries asked by our users are given here. You can search them subject wise and text wise.
  • You can also send your query through "Profile" option on right hand side top where your name is appearing.

Magic Search

  • This is a real magic. Any information you want to see regarding any subject, you can find here. Suppose you want to see what are the provisions of cash transaction or what are the provisions of HUF. You can just click it and see it.

    Tax Calculator

  • Here you can calculate your tax liability. Just select Assessment year and other information asked by system and you will calculate your tax liability.
  • Here you can calculate your taxable income also. You can compute your income under different heads.
  • You can also calculate deferred tax liability. Just click here and fill the information asked by system.
  • You can also calculate your advance tax liability by just filling certain informations asked by system.

    Ready Reckoner/Quick Search

  • This is a very unique feature of this library. When you click this button you will find many subjects on left hand side of the screen. Just click any one and get the full information.
  • The Ready Reckoner is for A.Y. 2019-20, 2020-21 and 2021-22.

    FAQ

  • Faq issued by income tax department for A.Y. 2020-21 are available here on various subjects.
  • You can select any subjects and various questions with reply on that subject are available here.
  • You can also use advance search facility.

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