Garg's Income Tax Ready Reckoner Assessment Year 2025-26 and 2026-27

Garg's Income Tax Ready Reckoner for Assessment Years 2025-26 and 2026-27 with Rates, Tables, Illustrations, Case Law, authored by CA Dinesh Chandra Garg, CA Naveen Kumar Sharma, and Adv. Panushka Goyal, is a comprehensive guide designed for tax professionals, chartered accountants, and students seeking a detailed understanding of India's direct tax landscape. This edition incorporates the latest amendments from the Finance Act, 2025, providing readers with up-to-date information essential for accurate tax planning and compliance.

The book is structured into two main parts:

• Part A covers fundamental topics such as tax rates, residential status, exemptions, deductions, and various income sources.
• Part B delves into advanced subjects including TDS/TCS provisions, depreciation schedules, and historical tax rates. With its clear tabular presentations, illustrative examples, and case law references, this Ready Reckoner serves as an indispensable resource for navigating the complexities of the Income-tax Act.

Along with:

• The Finance Bill, 2025, passed by Loksabha amendments duly incorporated in the respective chapters.
• Special chapter on budget at a glance with highlights and commentary.
• Rates of income tax and other tax rates.
• Tax-saving cum investment schemes.
• Referencer include NSC table and KVP table.
• Tabular presentation of tax rates.
• Analysis of all provisions along with relevant case law, circulars, notifications, and rules at appropriate place.
• Income computation and disclosure standards in a special chapter.
• Vivad Sein Vishwas Scheme, 2024
• Frequently asked questions relating to Finance Bill, 2025.

This Ready Reckoner is an essential tool for professionals aiming to stay abreast of the evolving tax laws and optimize their tax strategies effectively.