Direct Taxes Ready Reckoner with Tax Planning

This 26th Edition (2025) of Direct Taxes Ready Reckoner with Tax Planning by Dr. Girish Ahuja and Dr. Ravi Gupta serves as a comprehensive and reliable reference for tax practitioners, corporate professionals, academicians, and students. Updated for Assessment Years 2025–2026 and 2026–2027, it incorporates the latest amendments, judicial decisions, and CBDT circulars, along with practical tax planning strategies.

The book presents direct tax provisions in a lucid, well-structured, and user-friendly format, enabling quick reference and practical application. It covers not only the statutory provisions but also their interpretation and application in real-world scenarios, making it an indispensable resource for day-to-day tax practice.

The content spans the full scope of direct taxes, including:

• Comprehensive coverage of the Income Tax Act, 1961, as amended by the Finance Act, 2025

• Detailed computation of income under various heads and total taxable income

• Provisions relating to deductions, exemptions, and incentives

• Taxation of individuals, HUFs, firms, LLPs, companies, and non-residents

• Minimum Alternate Tax (MAT) and Alternate Minimum Tax (AMT) provisions

• TDS/TCS, advance tax, interest, penalties, and appeal procedures

• International taxation, DTAA provisions, and transfer pricing regulations

• Tax planning for salaried individuals, businesses, professionals, and corporates

• Capital gains planning and restructuring strategies

• Ready-reference tables for tax rates, surcharge, cess, and compliance deadlines

• CBDT circulars, notifications, and important judicial decisions relevant for the assessment years covered

• Special compliance checklists for professionals and corporate tax teams

This edition is particularly suitable for:

• Chartered accountants, tax consultants, and advocates practising in direct taxes

• Corporate finance managers and compliance officers

• Law and commerce students preparing for professional examinations

• Academicians and trainers specialising in taxation

Whether used for professional advisory, corporate compliance, or academic study, this updated edition delivers a complete, authoritative, and practical understanding of direct tax law and tax planning in India.