Handbook on Direct Taxes

This 24th Edition (2025) of Handbook on Direct Taxes by G. Sekar, updated as amended by the Finance Act, 2025, is a compact yet comprehensive reference designed as a compendium for users covering Assessment Years 2025–2026 and 2026–2027. It combines ready reckoner tables, relevant case law, circulars, and notifications into one handy volume for quick and accurate reference.

The book presents direct tax provisions in a concise, practical, and easy-to-use format, making it an essential resource for professionals, corporate executives, academicians, and students who require instant access to tax information without compromising on accuracy or coverage.

The content spans the full scope of direct tax essentials, including:

• Key provisions of the Income Tax Act, 1961, as amended by the Finance Act, 2025

• Computation of taxable income under various heads

• Ready reckoner tables for tax rates, surcharge, cess, and key deadlines

• Provisions on deductions, exemptions, and set-off of losses

• Taxation of individuals, HUFs, firms, LLPs, companies, and non-residents

• Minimum Alternate Tax (MAT) and Alternate Minimum Tax (AMT)

• TDS/TCS rates and compliance requirements

• Advance tax provisions and payment schedules

• Capital gains taxation and exemptions

• Important CBDT circulars, notifications, and clarifications

• Summary of landmark judicial decisions relevant to direct taxes

• Compliance checklists and quick reference notes for practitioners

This edition is particularly suitable for:

• Chartered accountants, tax consultants, and advocates in direct tax practice

• Corporate finance managers and compliance teams

• Law and commerce students preparing for professional examinations

• Academicians and trainers specialising in taxation

Whether used in the office, classroom, or for fieldwork, this updated handbook delivers a precise, reliable, and user-friendly reference to India’s direct tax laws for AY 2025–2026 and 2026–2027.