DIRECT TAXES READY RECKONER

by CA. Arvind Tuli & CA Neeraj Jain

CONTENTS AT A GLANCE

Authors' Note	5
Sectionwise Referencer	13
Corresponding Table 1: ITA 2025 = ITA 1961	13
Corresponding Table 2: ITA 1961 = ITA 2025	19
Repeal and Savings	25
Analysis of amendments made by the Finance Act, 2026	37
QRN-1 Comparative Table 1 Income Tax Act 2025 = Income Tax Act 1961	QRN.1
Comparative Table 2 Income Tax Act 1961 = Income Tax Act 2025	QRN.45
QRN-2 Computing Tax for Tax Year 2026-27 (ITA 2025 - First Tax Year)	QRN.96
QRN-3 Computing Tax for AY 2026-27 [PY 2025-26]	QRN.118
QRN-4 Rates, Forms and Dates of TDS & TCS	QRN.138
QRN-5 Rates of Income Tax for Special Incomes of Non-Resident	QRN.157
QRN-6 Rates of Direct Tax for Last Ten Years	QRN.166
QRN-7 Tax Obligations with Dates and Forms	QRN.174
QRN-8 Reports and Certificates from an Accountant	QRN.181
QRN-9 Depreciation Table	QRN.187
QRN-10 Gold & Silver Rates (2001 - 2026) and Cost Inflation Index	QRN.196
QRN-11 Essential Websites for Tax Practitioners	QRN.200
Chapter 1 Sources of Law	1
Chapter 2 Basis of Charge	7
Chapter 3 Residential Status & Scope of Income	16
Chapter 4 Exempted Incomes	40
Chapter 5 Income under the Head Salary	53
Chapter 6 Income from House Property	108
Chapter 7 Capital Gains	132
Exemptions from Capital Gains	179
Chapter 8 Business & Profession	195
Chapter 9 Income from Other Sources	261
Chapter 10 Clubbing of Income	274
Chapter 11 Dividend Income	283
Chapter 12 Undisclosed Incomes	290
Chapter 13 Gifts, Perquisites & Virtual Digital Assets	298
Chapter 14 Set off or Carry Forward & Set off of losses	314
Chapter 15A Deductions from Gross Total Income	333
Chapter 15B Rebates and Relief	355
Chapter 16 Insurance & ULIP	367
Chapter 17 Agricultural Income & Partial Integration	384
Chapter 18 Assessment of Firms	397
Chapter 19 Assessment of AOP & BOI	419
Chapter 20 Assessment of HUF	426
Chapter 21 Total Income of Political Parties and Electoral Trusts: Schedule VIII (See Section 12 - ITA 2025)	434
Chapter 22 Assessment of Co-operative Societies	438
Chapter 23 Tax Regimes	446
Chapter 24 Taxability of Trusts and Non-Profit Organisations	457
Chapter 25 Assessment of Companies	473
Chapter 26 Return of Income	504
Chapter 27 Procedure for Assessment & Powers of Income Tax Authorities	528
Chapter 28 Appeals, Revisions and Alternate Dispute Resolutions	550
Chapter 29 Tax Audit	566
Chapter 30 Black Money Act	593
Chapter 31 Special Provisions: Taxation of Non-Residents	606
Chapter 32 Collection and Recovery of Tax	620
Chapter 33 Penalties and Prosecution	655
Chapter 34 Refunds	667
Chapter 35 Presumptive Income	680
Chapter 36 Mode of Payment in certain cases	699
Chapter 37 Miscellaneous Provisions	707
Chapter 38 Special Provisions Relating to Certain Persons	724
Chapter 39 Business Re-organisation	743
Chapter 40 Special Provisions	762
Schedule II See section 11 - ITA 2025	777
Schedule III See section 11 - ITA 2025	784
Schedule IV See section 11 - ITA 2025	801
Schedule V See section 11 - ITA 2025	810
Schedule VI See section 11 - ITA 2025	817