This book serves as a compact yet comprehensive guide to income tax laws applicable for Tax Year 2026-27. Designed as a guidelines manual along with a mini ready reckoner, it simplifies the complexities of taxation under the Income Tax Act, 2025, as amended by the Finance Act, 2026. The book integrates conceptual clarity with practical applicability, making it an efficient reference for understanding tax provisions, compliance requirements, and planning strategies in a structured and accessible manner.
Key Features
- Covers advance tax, assessment, appeals, and advance rulings
- Detailed coverage of capital gains, salary, house property, and business income
- Includes provisions on deductions, exemptions, and HUF taxation
- Explains TDS, PAN, e-filing, and updated return procedures
- Covers new tax regime and comparative tax computation
- Includes ready reckoner tables for quick tax calculation
- Covers tax planning and tax saving schemes
- Includes provisions for NRIs, senior citizens, and partnership firms
- Covers penalties, prosecution, and compliance requirements
- Includes topics like gift tax, foreign black money tax, and charitable trusts
This book is highly suitable for Chartered Accountants, tax practitioners, finance professionals, business owners, and commerce students. It is also beneficial for candidates preparing for professional exams like CA, CS, CMA, and other competitive exams, as well as individuals seeking a practical understanding of income tax and effective tax planning.