Direct Taxes Ready Reckoner

Taxmann's bestseller for 40+ years, is a ready-referencer for all provisions of the Income-tax Act, covering an illustrative commentary.

The Present Publication is the 47th  Edition & has been amended by the Finance Act 2023 for AYs 2023-24 & 2024-25. This book has been authored by Dr Vinod K. Singhania, with the following noteworthy features:

[Focused Analysis] without resorting to paraphrasing of sections and legal jargons, on the following:
[Amendments made by the Finance Act 2023] are duly incorporated in respective chapters and are appropriately highlighted
[Comprehensive Analysis of Amendments with Illustrations] are given separately in Referencer 2: Amendments at a glance
[Case Studies on Complex Provisions] are given to understand the implications of the new provisions and amendments in the existing provisions, including:
Section 43B – Consequences of making late payment to micro and small enterprises
Section 44AD & Section 44ADA – Increase in the threshold limits for presumptive taxation scheme
Section 50AA – Special provision for computation of capital gain in the case of a unit of specified mutual fund or market-linked debenture
Section 54 & 54F – Limit on the exemption that can be claimed
Section 56(2)(xiii) – Tax on the sum received under a life insurance policy
Section 87A – Rebate under alternative tax regime
Section 115BAC – Alternative Tax Regime
[Analysis of all Provisions of the Income-tax Act] along with relevant Rules, Case Laws, Circulars and Notifications
[Analysis on Alternative Tax Regime] along with Break-even Tables
[Faceless Tax Proceedings] provides the summary of all the legal provisions
[Tabular Presentation] of all key provisions of the Income-tax Act
[Computation of Taxes] on various slabs of income
[Ready Referencer] for tax rates, TDS rates, TCS rates, due dates, etc.
[Zero Error] Follows the six-sigma approach to achieve the benchmark of 'zero error'