This Income Tax Ready Reckoner is a practical and comprehensive guide designed to simplify income tax provisions for Assessment Year 2026?27 and Tax Year 2026?27. Based on both the Income Tax Act, 1961 and the New Income Tax Act, 2025, the book presents updated tax rules, rates, and computational frameworks in an easy-to-understand format. It is structured to serve as a quick reference tool for tax professionals and students, offering clarity on complex provisions through illustrations and case law integration.
Key Features
- Covers AY 2026?27 and Tax Year 2026?27 comprehensively
- Includes tax rates, tables, and computation charts
- Provides practical illustrations for better understanding
- Incorporates relevant case laws for clarity
- Covers topics like capital gains, salary, house property, business income, and more
- Includes TDS/TCS provisions and assessment procedures
- Contains cost inflation index tables and IT computation tables
- Covers partnership firms, companies, and other entities
- Includes reference material on DTAA and depreciation
This book is ideal for Chartered Accountants, tax consultants, finance professionals, law students, and commerce students. It is also highly beneficial for candidates preparing for CA, CS, CMA, and other competitive examinations, as well as for professionals involved in tax planning, return filing, and compliance.