Commercial's Handbook on Direct Taxes (For Assessment Year 2025-26 & 2026-27)

Commercial’s Handbook on Direct Taxes – 24th Edition 2025 provides a comprehensive and updated exposition of the Income Tax Law as applicable for AY 2025-26 and AY 2026-27. Designed for CA, CS, CMA students and tax professionals, the book blends theoretical clarity with practical illustrations. Covering amendments made by the Finance Act, 2025, the book includes detailed discussion on income computation, exemptions, deductions, assessments, TDS, and recent case laws.

📘 Key Features:

• Covers complete syllabus of Income Tax for academic and professional exams

• Updated with amendments introduced by the Finance Act, 2025

• Clear, conceptual explanation with illustrations and solved problems

• Includes latest case laws and circulars for better understanding

• Suitable for both students and practitioners

📚 Table of Contents Highlights:

1. Basic Concepts and Residential Status

2. Income from Salary

3. Income from House Property

4. Profits and Gains of Business or Profession

5. Capital Gains & Other Sources

6. Clubbing of Income, Set-Off & Carry Forward

7. Deductions under Chapter VI-A

8. Computation of Total Income & Tax Liability

9. TDS, TCS, Advance Tax & Returns

10. Assessment Procedures and Appeals

11. Recent Amendments & Case Laws

🎯 Useful For:

• CA/CS/CMA Inter & Final Students

• Tax Consultants & Accountants

• Law Students Specializing in Taxation

• Academicians and Researchers