Income Tax Mini Ready Reckoner

Book Details

DIVISION 1

Compact Referencer

CR-1 Important amendments brought in the Income-Tax Act by The Finance Act, 2025	1
CR-2 Rates of Taxation	51
CR-3 Direct Tax Rates for Last Ten Assessment Years	69
CR-4 Cost Inflation Index & Exemptions Available in Computation of Capital Gain	84
CR-5 Deductions to be made in Computing Total Income	91
CR-6 TDS & TCS at a glance	103
CR-7 Investment Planner	132
CR-8 Gold & Silver Rates since 1-4-2001	150
CR-9 State Bank of India: Interest Rates w.e.f. 01.04.2024 for the purpose of computing perquisite valuation	152

DIVISION 2

Part A: Income Tax

Chapter 1 Introduction [Sections 1 to 4]	161
Chapter 2 Scope of Total Income & Residential Status [Sections 5 to 9B]	171
Chapter 3 Incomes which do not form part of Total Income [Sections 10, 10AA and 11 to 13A]	189
Chapter 4 Heads of Income [Section 14] and Income under the Head "Salaries"[Sections 15 to 17]	202
Chapter 5 Income under the Head "Income from House Property" [Sections 22 to 27]	261
Chapter 6 Income under the Head "Profits and Gains of Business or Profession" [Sections 28 to 44D]	275
Chapter 7 Income under the Head "Capital Gains" [Sections 45 to 55A]	347
Chapter 8 Income under the Head "Income from Other Sources" [Sections 56 to 59]	456
Chpater 9 Income of Other Persons included in Assessee's Total Income (Clubbing of Income) [Sections 60 to 65]	475
Chapter 10 Unexplained Cash Credits, Investments, Money, etc. [Sections 68 to 69D]	482
Chapter 11 Set off or Carry Forward and Set off of Losses [Sections 70 to 80]	487
Chapter 12 Deductions to be made in Computing Total Income [Sections 80A to 80U (Chapter VIA)]	503
Chapter 13 Agricultural Income & its Tax Treatment [Sections 2(1A) and 10(1)]	522
Chapter 14 Computation of Tax Liability of Various Categories of Persons	526
Chapter 15 Return of Income and Procedure of Assessment [Sections 139 to 154]	546
Chapter 16 Permanent Account Number and Aadhaar Number [Section 139A and 139AA]	611
Chapter 17 Deduction and Collection of Tax at Source [Sections 190 to 206CA]	622
Chapter 18 Advance Payment of Tax [Sections 207-211, 217 & 219]	689
Chapter 19 Interest and Fee Payable [Sections 201(1A), 220(2), 234A, 234B,234C, 234D, 234E, 234F, 234G,234H & 244A]	695
Chapter 20 Refunds [Sections 237 to 241 & 245]	717
Chapter 21 Penalties	725
Chapter 22 Appeals and Revision [Sections 246 to 268]	767
Chapter 23 Miscellaneous Provisions	790

DIVISION 3

Tables

1 As per new regime	805
1A Tax Deduction at source from monthly taxable salary during the	809
2A As per new regime (View Important Notes)	814
2B As per old regime (View Important Notes)	821
3A As per New regime (View Important Notes)	830
3B As per old regime (View Important Notes)	838
4 As per old regime	847
5 As per old regime	850

About the Author

Dr. Girish Ahuja & Dr. Ravi Gupta

Dr. Girish Ahuja did his graduation and post-graduation from Shri Ram College of Commerce, Delhi and was a position holder. He was awarded a Ph.D. degree by Faculty of Management Studies (FMS), Delhi University. He is a Fellow of the Institute of Chartered Accountant of India (ICAI) and was a rank holder of both Intermediate and Final examinations of the Institute. He had been nominated by the Government of India as a member of the Task Force for redrafting the Income-tax Act and New Income-tax Law. He is also on the Board of Directors of many reputed companies and has a vast and rich experience in the field of finance and taxation. He has been nominated by the Government of Directors of UNITECH LTD with the approval of the Supreme Court to Board and was also been nominated by the Govt. of India as Independent Director of the Central Board of State Bank of India. Dr. Ahuja is a author of various books on Direct Taxation and he has addressed more than 5000 seminars organized by the ICAI, ICSI, ICWAI, Chambers of Commerce.

Dr. Ravi Gupta did his graduation and post-graduation from Shri Ram College of Commerce. Thereafter, he did LL.B. from Delhi University and MBA (Finance) from Faculty of Management Studies, Delhi. He has been awarded a Ph.D. degree in International Finance by the Delhi University. He had been a faculty member at Shri Ram College of Commerce (Delhi University). He is an advocate and leading consultant at Delhi NCR and also has vast practical experience in handling tax matters of trade and industry. He has been appointed by the Government of India as a member of the Committee consututed for Simplification of Income Tax Act. He is also a Central Council member of ICAI (Government of India Nominee) and on the Board of various reputed companies. He is a co-author of various books on Income-tax. He has addressed more than 3000 seminars on Direct Taxes organized by ICAI, Chambers of Commerce, Universities, etc.

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