Dr Girish Ahuja and Dr Ravi Gupta Income Tax Mini Ready Reckoner

Size Guide

Please Follow Lawmart Shipping & Delivery Policy - https://www.lawmart.in/shipping_delivery.php

Please Follow Lawmart Return & Cancellation Policy - https://www.lawmart.in/return_cancellation.php

Table of Contents

1. Basic Concepts

• Assessment Year vs. Previous Year

• Person, Assessee, Income, and Gross Total Income

• Residential Status and Scope of Total Income

2. Tax Rates at a Glance

• Individuals (Old & New Regime)

• Senior and Super Senior Citizens

• HUFs, Firms, LLPs, Companies, AOPs, BOIs

• Co-operative Societies and Local Authorities

• Surcharge & Health & Education Cess

• Marginal Relief Provisions

3. Income Exempt from Tax

• Section 10 Overview

• Agricultural Income

• HRA, LTA, Gratuity, Pension, Leave Encashment

• Provident Funds – Tax Treatment

4. Computation of Total Income

• Heads of Income Overview

  • Salary

  • House Property

  • Business or Profession

  • Capital Gains

  • Other Sources

• Clubbing of Income

• Set-Off & Carry Forward of Losses

5. Deductions Under Chapter VI-A

• Section 80C to 80U

• Most Used Deductions: 80C, 80D, 80E, 80G, 80TTA/80TTB

• Limits and Eligibility Conditions

6. Alternate Tax Regime (Section 115BAC)

• Conditions and Opt-In/Opt-Out Rules

• Comparison: Old vs New Regime

• Applicability to Different Categories of Assessees

7. TDS & TCS

• Section-wise TDS Rates (194, 194A, 194C, etc.)

• Section-wise TCS Rates (206C, etc.)

• Thresholds and PAN/Aadhaar Linkage Requirements

8. Advance Tax & Interest

• Advance Tax Payment Schedule

• Applicability & Exemptions

• Interest Under Sections 234A, 234B, 234C

9. Depreciation Rates (As per Income Tax Rules)

• Block-wise Chart for Tangible and Intangible Assets

• Special Rates for Power Sector & Other Specified Assets

10. Filing of Return of Income

• Due Dates for Filing

• Mandatory Filing Provisions

• Updated Return, Revised Return, and Belated Return

• ITR Forms Summary

11. Faceless Regime

• Faceless Assessment

• Faceless Appeals

• Faceless Penalty & Rectification

12. Penalties and Prosecutions

• Common Defaults and Penalties

• Section-wise Penalty Chart

13. Important Compliance Due Dates

• TDS/TCS Deposit and Filing

• Return of Income and Audit Reports

• Advance Tax Installments

14. Quick Referencer

• Key Limits & Monetary Thresholds

• Important Sections Summary (139, 44AB, 44ADA, 54, 56(2), etc.)

• Tax Planning Tips for Individuals & HUFs

Appendices

• Appendix I: Income Tax Rates (Quick View Tables)

• Appendix II: Rebate u/s 87A – Eligibility & Calculation

• Appendix III: Summary of Amendments by Finance Act, 2025

• Appendix IV: Important CBDT Notifications