Direct Taxes Ready Reckoner

by CA Arvind Tuli

CONTENTS AT A GLANCE

Bharat?	5
Preface	7
Detailed Contents	11
Sectionwise Referencer	31

QRN-1 Amendments of Finance Bill, 2025 explained in detail	QRN.1
QRN-2 Computing tax for AY 2026-27	QRN.65
QRN-3 Rates of tax for AY 2025-26	QRN.84
QRN-4 Rates, Forms and dates of TDS & TCS	QRN.90
QRN-5 Rates of Income Tax for Special incomes of Non-Resident	QRN.103
QRN-6 Rates of Direct Tax for Last Ten Years	QRN.108
QRN-7 Tax Obligations with Dates and Forms	QRN.116
QRN-8 Reports and Certificates from an Accountant	QRN.120
QRN-9 Depreciation Table	QRN.123
Chapter 1 Introduction	1
Chapter 2 Basis of Charge	6
Chapter 3 Residential Status & Scope of Income	13
Chapter 4 Exempted Incomes	37
Chapter 5 Salary	52
Chapter 6 House Property	87
Chapter 7 Capital Gains	110
Chapter 8 Business & Profession	167
Chapter 9 Other Sources	229
Chapter 10 Clubbing of Income	241
Chapter 11 Dividend Income	249
Chapter 12 Undisclosed Incomes	255
Chapter 13 Gifts	262
Chapter 14 Set off or carry forward & set off of losses	278
Chapter 15 Deductions from GTI	289
Chapter 16 Insurance & ULIP	318
Chapter 17 Agricultural Income & Partial Integration	�	332
Chapter 18 Assessment of Firms	343
Chapter 19 Assessment of AOP & BOI	361
Chapter 20 Assessment of HUF	367
Chapter 21 Assessment of Political Parties & Electoral Trust	373
Chapter 22 Assessment of Co-operative Societies	376
Chapter 23 Tax Regimes	382
Chapter 24 Assessment of Charitable Trust	392
Chapter 25 Assessment of Companies	425
Chapter 26 Returns of Income	449
Chapter 27 Assessment Procedure	431
Chapter 28 Appeals and Revision	534
Chapter 29 TDS & TCS	556
Part A – Tax Deducted at Source [TDS]	556
Part B – Tax Collected at Source [TCS]	614
Chapter 30 Tax Audit	627
Chapter 31 Black Money Act	641
Chapter 32 Assessment of Business Trusts	649
Chapter 33 Penalties & Prosecution	655
Chapter 34 Advance Tax & Interest	684
Chapter 35 Refund, Recoveries and Reporting	692
Chapter 36 Special Provisions for Banks & NBFC	704
Chapter 37 Investment Fund, Securitisation Trust & Benefits to IFSC	708
Chapter 38 Presumptive Incomes	721
Chapter 39 Dividend Bonus Stripping	733
Chapter 40 Business Re-organisation	736
Chapter 41 Non-resident Taxation – Special Provisions	756
Chapter 42 Board for Advance Rulings	773
Chapter 43 Encouraging Digital Transactions	779

Tax Tables

Note on Tax Calculation Tools	787
Tax Table: 1.1: INDIVIDUAL, HUF AND AOP: AY: 2026-27 (Tax Regime u/s 115BAC(1A))	789
Tax Table: 2.1: INDIVIDUAL, HUF AND AOP: AY: 2025-26 (Tax Regime u/s 115BAC(1A))	801
Tax Table: 3.1: INDIVIDUAL, HUF AND AOP: AY: 2025-26 and 2026-27 (Old Tax Regime)	812
Tax Table: 4.1: FIRMS: AY: 2025-26 and 2026-27	823
Tax Table: 5.1: DOMESTIC COMPANIES: AY: 2025-26 and 2026-27	826
Tax Table: 6.1(a): CO-OPERATIVE SOCIETY: AY: 2025-26 and 2026-27	832
Tax Table: 6.1(b): CO-OPERATIVE SOCIETY: AY: 2025-26 and 2026-27	833

TAX TABLES FOR PAST SEVEN YEARS (AY 2018-19 TO AY 2024-25)

Tax Table: 1.1: INDIVIDUAL, HUF AND AOP: AY: 2018-19 to 2024-25

835

About the Author

CA Arvind Tuli

FCA

Arvind Tuli is a well-known name in the field of CA education and direct taxation. Over the last 24 years, he has taught taxation to more than 1,50,000 CA and CS students through both face-to-face classroom teaching and online platforms. He is widely respected among students for his conceptual yet exam-oriented teaching methodology, which enables students to understand and internalise the law within the classroom itself. As a result, his students have consistently delivered strong results, with several securing All India highest ranks in CA Inter Taxation and CA Final Direct Tax.

In addition to teaching, he is a leading author in direct taxation with Bharat Law House, one of India's most respected legal publishers. His books are known for their clear structure, statutory linkage, and practical orientation, making them equally valuable for students and professionals seeking a strong conceptual foundation.

His handwritten summary charts are considered a valuable learning resource, as they condense complex taxation concepts into concise, easy-to-retain formats. Guided by his philosophy of "Fun while you learn," his classes are known to be engaging, disciplined, and academically rigorous.

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