DIRECT TAX READY RECKONER 2024-2025 & 2025-2026 BY TAXMANN PUBLICATION VINOD K SINGHANIA

Direct Taxes Ready Reckoner has been a trusted companion for tax professionals across India for more than forty years, providing unparalleled clarity and comprehensive coverage of the Income-tax Act.

In its 48th Edition, the Present Publication has been updated to incorporate the latest legislative changes by the Finance (No. 2) Bill, 2024, as passed by the Lok Sabha. Applicable for Assessment Years 2024-25 and 2025-26, this edition is authored by Dr Vinod K. Singhania, whose expert analysis has established this book as a cornerstone in direct taxation in India. The key highlights of this edition include:

• Focused and Succinct Analysis
• This edition continues the tradition of providing a focused analysis of the provisions of the Income-tax Act, eschewing unnecessary paraphrasing and complex legal jargon. The amendments introduced by the Finance (No. 2) Bill, 2024 are seamlessly integrated into the text, with clear highlights and explanations provided in each relevant chapter
• Illustrative Coverage of Recent Amendments
• A unique feature of this edition is Referencer 2—Amendments at a Glance, which provides a comprehensive and illustrative breakdown of all the recent amendments. This section is designed to help readers quickly grasp the implications of the latest legislative changes, supported by practical examples and scenarios
• In-Depth Case Studies on Complex Provisions
• Understanding the practical impact of legislative changes can be challenging. This edition includes in-depth case studies on some of the most complex provisions and amendments to aid comprehension. These include:
• Analysis of increased tax rates on long-term and short-term capital gains (Sections 111A, 112 & 112A)
• Examination of changes in the period of holding for capital asset classification (Section 2(42A))
• Detailed discussion on the withdrawal of indexation benefits and the implications of the grandfathering clause for resident individuals and HUFs (Section 48)
• Understanding of special provisions for capital gains computation related to unlisted bonds and debentures (Section 50AA)
• Detailed guidance on the computation of deemed dividends on share buybacks (Sections 2(22)(f) & 46A)
• Analysis of the revised limits on remuneration and TDS applicability for firms (Sections 40 & 194T)
• Analysis of the abolition of the Angel Tax (Section 56(2)(viib))
• A comprehensive overview of block period assessments in search and requisition cases (Chapter XIV-B, Sections 158B to 158BI)
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