CIncome Tax Chart Book for Assessment Year 2025-26, updated as per the Finance Act (No. 2) of 2024, compiles key provisions of the Income Tax Act, 1961, into simplified charts for quick reference. It is structured to serve as a ready reckoner for students, professionals, and taxpayers. The charts cover a wide range of subjects including tax rates, threshold limits under different heads of income, and benefits for trusts. They also provide details on deductions under Chapter VI-A, TDS, TCS, advance tax, capital gains exemptions, and penalties and prosecutions under the Act. Other significant inclusions are provisions relating to PAN, tax audit requirements, timelines for notices, rectification, assessment, appeals, ICDS reconciliation, and the meaning of relatives under the Act. The book also explains compounding of offences, residential status, international taxation, depreciation, and deductions under the new regime. Special sections deal with tax rates in specific cases, taxation of non-residents, and case law references, including those relevant for professional examinations. Additionally, it includes coverage of recent amendments made by Finance Acts of 2024 and 2025, Double Taxation Avoidance Agreements (DTAAs), MSME compliance due dates, changes in ITR forms for AY 2025-26, and revisions on topics such as PGBP, AOP/BOI/Firm/LLP, HUF, and clubbing of income. Supplementary content includes NPS, ULIP, life insurance provisions, and exam-oriented questions for CA and CMA aspirants. Designed in a chart-based format, the book enables quick understanding and easy recall of complex provisions, making it a practical reference tool for day-to-day use.
CHARTS – INCOME TAX ACT, 1961 AS AMENDED BY FINANCE ACT (NO. 2) OF 2024
INDEX OF CHARTS
| Sl. | Topic | Page |
| 1 | Tax rates (Charts 1 to 6) | 1 |
| 2 | Threshold limits for claiming benefits under different Heads of Income | |
| Income from Salary | 5 | |
| Income from House property | 7 | |
| Profit and Gain from Business or Profession | 8 | |
| Income from Capital Gains | 10 | |
| Income from Other sources | 10 | |
| 3 | Benefits for Trust (Chart 12) | 11 |
| 4 | Deductions under Chapter VI-A (Chart 13) | 12 |
| 3 | TDS, TCS and Advance Tax (Charts 14 to 17) | 18 |
| 4 | CG Exemption (Chart 18) | 29 |
| 5 | Penalties, fees and Prosecutions under the Act (Charts 19 to 21) | 33 |
| 6 | PAN card related provisions (Chart 22) | 41 |
| 7 | Tax audit (Charts 23 & 24) | 42 |
| 8 | Time limit for issuing notices (Chart 25) | 51 |
| 9 | Rectification, assessment and appeals (Charts 26 to 28) | 52 |
| 10 | ICDS Reconciliation (Chart 29) | 65 |
| 11 | Meaning of relatives (Chart 30) | 74 |
| 12 | Compounding of offence (Chart 31) | 75 |
| 13 | Residential status (Chart 32) | 77 |
| 14 | Time limits under different sections (Chart 33) | 78 |
| 15 | List of sections for international taxation (Chart 34) | 105 |
| 16 | Depreciation (Chart 35) | 109 |
| 17 | Deductions under New regime (Chart 36) | 116 |
| 18 | Rate of taxes in special cases (Chart 37) | 118 |
| 19 | PGBP Case laws (Chart 38) | 120 |
| 20 | Taxation for Non-residents (Charts 39 & 40) | 126 |
| 21 | Master Questions | |
| Case study Question on Block assessment (Section 158B to 158BI) | 135 | |
| Amendments as per Finance Act 2024 | 142 | |
| Double Taxation Avoidance Agreement | 146 | |
| 22 | Amendments by Finance Act (No.2) 2024 | 153 |
| 23 | Amendments by Finance Act 2025 | 175 |
| 24 | Case laws asked in CA Final (Nov 2020 to Nov 2024) | 202 |
| 25 | MSME due dates | 204 |
| 26 | Applicable ITR | 205 |
| 27 | Changes in ITR 1 & ITR 4 for AY 2025-26 | 206 |
| 28 | PGBP Revision for CA/CMA Exam (Finance Act (No. 2) 2024) | 211 |
| 29 | AOP, BOI, Firm, LLP Revision | 240 |
| 30 | HUF Revision | 243 |
| 31 | Clubbing of Income Revision | 244 |
| 32 | NPS, ULIP & Life Insurance | 246 |
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