Direct Taxes Ready Reckoner with Tax Planning (As per Income Tax Act, 1961) by Dr. Girish Ahuja & CA (Adv.) Rahul Agarwal – 27th Edition 2026

Description

This 27th Edition of Direct Taxes Ready Reckoner with Tax Planning, authored by CA. (Dr.) Girish Ahuja and assisted by CA. (Adv.) Rahul Agrawal, is a comprehensive and practice-oriented guide prepared in accordance with the Income Tax Act, 1961 for the Assessment Year 2026–2027. Published by Commercial Law Publishers (India) Pvt. Ltd., this edition is designed to provide a clear, reliable, and ready reference on direct taxation along with practical tax planning guidance for professionals, students, and business users.

The book serves as an essential resource for chartered accountants, tax consultants, advocates, finance professionals, commerce and law students, academicians, and competitive exam aspirants who require an updated and structured understanding of income tax law and its practical implementation. It presents the subject in a ready reckoner format, making complex tax provisions easier to understand, apply, and use in real-life tax computation and advisory work.

This edition broadly covers the full framework of direct taxation and planning, including:
• Fundamental Concepts and Definitions under the Income Tax Act, 1961
• Residential Status and Scope of Total Income
• Heads of Income – Salaries, Income from House Property, Profits and Gains of Business or Profession, Capital Gains, and Income from Other Sources
• Exemptions, Deductions, Rebates, and Reliefs available under the law
• Tax Planning Strategies for Individuals, Professionals, and Business Entities
• Clubbing of Income, Set-off and Carry Forward of Losses
• Computation of Total Income and Tax Liability
• Taxation of Individuals, HUFs, Firms, LLPs, Companies, and Other Assessees
• TDS/TCS Provisions, Advance Tax, and Self-Assessment Tax
• Filing of Income Tax Returns and Compliance Requirements
• Assessment Procedures, Appeals, Penalties, and Prosecution Provisions
• Practical Tax Tables, Rates, and Ready Reference Material for quick use

This edition is particularly suitable for:
• Chartered accountants and tax practitioners requiring a practical and updated tax reference
• Law and commerce students studying direct taxation and tax planning
• Business owners and salaried individuals seeking tax-saving and compliance guidance
• Financial consultants and compliance professionals handling tax matters regularly
• Competitive exam aspirants and academicians looking for a structured and current tax law resource

Whether used for professional advisory work, tax computation, exam preparation, or academic study, this updated edition offers a dependable and user-friendly presentation of direct tax law with tax planning support for Assessment Year 2026–2027. It also includes access details for a free e-book, adding further convenience and utility for modern readers.