Direct Taxes Ready Reckoner with Tax Planning (As per Income Tax Act, 1961)

This 27th Edition of Direct Taxes Ready Reckoner with Tax Planning, authored by CA. (Dr.) Girish Ahuja and assisted by CA. (Adv.) Rahul Agrawal, is a comprehensive and practice-oriented guide prepared in accordance with the Income Tax Act, 1961 for the Assessment Year 2026–2027. Published by Commercial Law Publishers (India) Pvt. Ltd., this edition is designed to provide a clear, reliable, and ready reference on direct taxation along with practical tax planning guidance for professionals, and business users.

The book serves as an essential resource for chartered accountants, tax consultants, advocates, finance professionals, commerce and law students, academicians, and competitive exam aspirants who require an updated and structured understanding of income tax law and its practical implementation. It presents the subject in a ready reckoner format, making complex tax provisions easier to understand, apply, and use in real-life tax computation and advisory work.

This edition broadly covers the full framework of direct taxation and planning, including:
• Fundamental Concepts and Definitions under the Income Tax Act, 1961
• Residential Status and Scope of Total Income
• Heads of Income – Salaries, Income from House Property, Profits and Gains of Business or Profession, Capital Gains, and Income from Other Sources
• Exemptions, Deductions, Rebates, and Reliefs available under the law
• Tax Planning Strategies for Individuals, Professionals, and Business Entities
• Clubbing of Income, Set-off and Carry Forward of Losses
• Computation of Total Income and Tax Liability
• Taxation of Individuals, HUFs, Firms, LLPs, Companies, and Other Assessees
• TDS/TCS Provisions, Advance Tax, and Self-Assessment Tax
• Filing of Income Tax Returns and Compliance Requirements
• Assessment Procedures, Appeals, Penalties, and Prosecution Provisions
• Practical Tax Tables, Rates, and Ready Reference Material for quick use