Taxation Laws – As per T.Y. 2026-2027 By Prof. (Dr.) Jyoti Rattan | 18th Edition, 2026

Description

Taxation Laws – As per T.Y. 2026-2027 by Prof. (Dr.) Jyoti Rattan is a comprehensive and structured guide to Income Tax, covering important provisions from basic concepts through assessment, appeals, tax recovery, penalties and prosecution.

The 18th Edition, 2026 covers the Income Tax Act, 2025 in a chapter-wise format with practical learning features such as Points to Remember and Questions, making it useful for students, academicians, tax professionals and other readers seeking an organised understanding of taxation law.

Key Highlights

• Updated 18th Edition, 2026
• Coverage as per T.Y. 2026-2027
• Detailed coverage of the Income Tax Act, 2025
• Residential Status and Total Income
• Exempted and Agricultural Income
• Salary and House Property Income
• Profits & Gains of Business or Profession
• Capital Gains and Income from Other Sources
• Clubbing, Set-off and Carry Forward of Losses
• Deductions in computing Total Income
• Income-Tax Authorities and their powers
• Return of Income and Assessment procedures
• Appeals, Revisions and Advance Rulings
• Comprehensive TDS & TCS coverage
• Advance Tax and Tax Recovery
• Refunds, Penalties, Offences and Prosecution
• Includes Points to Remember and Questions for easier learning and revision.

Chapters Covered

Chapter 1 – Introduction
Covers the aim, objective and application of the Income Tax Act, 2025, definitions, basis of charge, tax rates, new tax regime and computation of taxable income.

Chapter 2 – Residential Status and Total Income
Residential status of individuals, HUFs, firms, AOPs and companies; ROR, RNOR and NR; total income and income deemed to accrue or arise in India.

Chapter 3 – Exempted Income
Exemptions, income not included in total income, eligible non-residents, foreign companies, investment funds, business trusts and other eligible persons.

Chapter 4 – Agricultural Income
Meaning and treatment of agricultural income, farmhouse income, nursery income and partial integration of agricultural and non-agricultural income.

Chapter 5 – Heads of Income & Income under Head Salary
Salary, pension, gratuity, commission, perquisites, leave encashment, allowances and deductions.

Chapter 6 – Income from House Property
Gross Annual Value, let-out and self-occupied properties, deductions, arrears of rent and jointly owned properties.

Chapter 7 – Profits and Gains of Business or Profession
Computation of business/professional income, method of accounting, deductions and allowances.

Chapter 8 – Capital Gains
Capital assets, transfer, short-term and long-term capital gains, exemptions and special cases.

Chapter 9 – Income from Other Sources
Dividend, lottery and gambling winnings, interest, letting of machinery, compensation, gifts and applicable deductions.

Chapter 10 – Clubbing of Income
Transfer of assets, spouse/minor income, revocable transfers and other clubbing provisions.

Chapter 11 – Aggregation of Income

Chapter 12 – Set Off and Carry Forward and Set Off of Losses
Includes inter-source and inter-head adjustments, house property, capital, business and speculative losses.

Chapter 13 – Deductions to be made in Computing Total Income
Covers deductions relating to insurance, pension, health insurance, education loans, housing loans, donations, rent, specified businesses and other eligible deductions.

Chapter 14 – Income-Tax Authorities
Jurisdiction and powers of authorities, search and seizure, survey, calling for information and related provisions.

Chapter 15 – Return of Income
PAN, filing of return, verification, self-assessment and updated returns.

Chapter 16 – Procedure for Assessment
Inquiry, valuation, summary assessment, best judgment assessment, faceless assessment, reassessment and block assessment.

Chapter 17 – Appeals
Appeals before JCIT/CIT (Appeals), Appellate Tribunal, High Court and Supreme Court.

Chapter 18 – Revisions

Chapter 19 – Alternate Dispute Resolutions and Advance Ruling

Chapter 20 – Collection and Recovery of Tax: TDS & TCS
TDS from salary and other income, TCS, lower/nil deduction certificates, compliance, reporting and consequences of failure.

Chapter 21 – Collection and Recovery of Tax: Advance Tax

Chapter 22 – Recovery of Tax: Procedure
Recovery mechanisms, tax clearance, interest and fees for defaults.

Chapter 23 – Refunds

Chapter 24 – Penalties
Under-reporting/misreporting, non-maintenance of records, false entries, TDS/TCS failures and various reporting defaults.

Chapter 25 – Offences and Prosecution
Tax evasion, failure to file returns, false statements, falsification of books, offences by companies/HUFs and Special Courts.