Direct Tax Ready Reckoner for AY 2026-27 as Per Income Tax Act 1961

Description Direct Tax Ready Reckoner – AY 2026–27 (27th Edition, 2026) is a comprehensive and practical guide for quick reference and efficient tax computation under Indian direct tax laws. Authored by Dr. Girish Ahuja and CA (Adv.) Rahul Aggarwal, and published by Commercial Law Publishers, this book is widely trusted by tax professionals and students. With 1056 pages of structured and easy-to-navigate content, the book provides assessment year-wise tax rates, deductions, exemptions, computation tables, and practical illustrations, enabling quick decision-making and accurate tax planning for AY 2026–27. This publication is an essential tool for chartered accountants, tax consultants, advocates, finance professionals, academicians, and students involved in income tax compliance, return filing, and advisory services. �� Key Features: Ready reference for AY 2026–27 direct tax computations Includes tax rates, deductions, exemptions & practical tables Designed for quick access and practical application Authored by leading experts in taxation �� Limited-Period Offer: Flat 35% Discount with Free Shipping CHAPTER CONTENT PAGE NO DIVISION 1 Compact Referencer Chapter 1 Amendments brought in the Income-Tax Act by The Finance Bill, 2026 1 Chapter 2 Rates of Taxation 23 Chapter 3 Direct Tax Rates for Last Ten Assessment Years 24 Chapter 4 Cost Inflation Index & Exemptions Available in Computation of Capital Gain 35 Chapter 5 Deductions to be made in Computing Total Income 40 Chapter 6 Salient Features of Assessment of a Firm including LLP 46 Chapter 7 Tax Deduction/Collection at Source (TDS) 52 Chapter 8 Special rates of Income Tax applicable to Non-Residents 74 Chapter 9 Withholding Tax Rates Applicable in the Treaties that India has entered into with Various Countries 76 Chapter 10 Tax rates as per IT Act vis a vis Tax Treaties 83 Chapter 11 Time Limit, Form & Fees for Filing an Appeal 94 Chapter 12 Investment Planner 95 Chapter 13 Interest Accrued on Certain Certificates 110 Chapter 14 Time limit for issuing different income-tax notices and completion of the assessment 117 Chapter 15 Prescribed Audit Reports under the Income-tax Rules/Act 118 Chapter 16 Prescribed Reports/Certificates from an Accountant under section 288(2), Explanation 119 Chapter 17 Depreciation Table (Rates of depreciation) 121 Chapter 18 Depreciation Table (Appendix 1A) 129 Chapter 19 Rates of Depreciation under Companies Act, 2013 131 Chapter 20 Gold & Silver Rates since 1-4-2001 139 Chapter 21 State Bank of India: Interest Rates w.e.f. 01.04.2025 for the purpose of computing perquisite valuation 139 Chapter 22 Penalties & Prosecution 144 Chapter 23 Residence in India for the purpose of the Income-tax Act 161 DIVISION 2 Compact Referencer Chapter 1 Introduction [Sections 1 to 4] 165 Chapter 2 Scope of Total Income & Residential Status [Sections 5 to 9B] 173 Chapter 3 Incomes which do not form part of Total Income [Sections 10, 10AA and 11 to 13A] 188 Chapter 4 Heads of Income [Section 14] and Income under the Head “Salaries” 205 Chapter 5 Income under the Head “Income from House Property” [Sections 22 to 27] 252 Chapter 6 Income under the Head “Profits and Gains of Business or Profession” 264 Chapter 7 Income under the Head “Capital Gains” [Sections 45 to 55A] 336 Chapter 8 Income under the Head “Income from Other Sources” [Sections 56 to 59] 414 Chapter 9 Income of Other Persons Included in Assessee’s Total Income (Clubbing of Income) 431 Chapter 10 Unexplained Cash Credits, Investments, Money, etc. [Sections 68 to 69D] 437 Chapter 11 Set off or Carry Forward and Set off of Losses [Sections 70 to 80] 453 Chapter 12 Deductions to be made in Computing Total Income 468 Chapter 13 Agricultural Income & its Tax Treatment [Sections 2(1A) and 10(1)] 509 Chapter 14 Computation of Tax Liability of Various Categories of Persons 513 Chapter 15 Assessment of Trusts [Sections 11 to 13] 568 Chapter 16 Return of Income and Procedure of Assessment [Sections 139 to 154] 634 Chapter 17 Permanent Account Number and Aadhaar Number [Section 139A and 139AA] 711 Chapter 18 Search, Seizure & Survey and Special Procedure for Assessment of Search Cases 725 Chapter 19 Deduction and Collection of Tax at Source [Sections 190 to 206CA] 749 Chapter 20 Advance Payment of Tax [Sections 207-211, 217 & 219] 801 Chapter 21 Interest and Fee Payable [Sections 201(1A), 220(2), 234A, 234B, 234C, ……………………… 807 234D, 234E, 234F, 234G,234H & 244A] 807 Chapter 22 Refunds [Sections 237 to 241 & 245] 831 Chapter 23 Penalties and Prosecutions 837 Chapter 24 Appeals and Revision [Sections 246 to 268] 875 Chapter 25 Miscellaneous Provisions 900 DIVISION 3 Tables 837