A Student’s Guide to Direct Tax – 1 | Assessment Year 2026–27

Authors: Dr. Partha Pratim Ghosh & CA Mohit K Agarwal
ISBN: 978-81-687873-9-1
Assessment Year: 2026–27
Publisher: Success Mantra Publications

About the Book

A Student’s Guide to Direct Tax – 1 is a comprehensive, student-friendly and examination-oriented book designed to make the study of Direct Taxation clear, systematic and application-oriented. Written by Dr. Partha Pratim Ghosh and CA Mohit K Agarwal, this book is particularly useful for B.Com. students and also serves as a valuable reference for students preparing for CA, CS and CMA Intermediate-level examinations.

Direct Taxation involves a wide range of provisions, sections, rules, exemptions and computational aspects. This book presents these concepts in a structured and accessible manner, helping students understand not only the provisions of the Income-tax law but also their practical application through solved illustrations, examination questions and practical problems.

This is Part I of the Direct Tax series and focuses on the fundamental concepts that form the foundation for understanding Direct Taxation.

Contents Covered

The book covers the following major areas:

• Basic Concepts of Direct Taxation
• Residential Status and Incidence of Tax
• Income Exempt from Tax / Income Not Included in Total Income
• Five Heads of Income
• Relevant provisions, illustrations and practical applications
• University examination questions and practical problems
• Updated provisions applicable for Assessment Year 2026–27

The advanced areas covered in the subsequent part of the series include Clubbing of Income, Set-off and Carry Forward of Losses, Deductions under Chapter VI-A, Agricultural Income, Tax Computation, Income Tax Returns, Advance Tax, TDS, TCS and other related topics.

Key Features of A Student’s Guide to Direct Tax – 1

Provision-wise Illustrations

Each important provision is followed by a relevant solved illustration, allowing students to understand how the provisions work in practical situations.

University Examination Oriented

The book incorporates University Examination Questions from 2005 to 2025, making it particularly useful for students preparing for university examinations and helping them identify recurring concepts and examination patterns.

Structured Question Bank

Each chapter includes a carefully structured set of:

• Short Questions
• Long Questions
• Practical Questions

This provides students with a systematic way to revise concepts and assess their preparation.

Extensive Practical Practice

The book contains numerous solved problems and practice questions covering different levels of difficulty. Students can gradually progress from basic applications to more challenging computational problems.

Detailed Solutions and Answer Key

Practical questions are supported by detailed solutions and explanatory hints, making the book suitable for self-study as well as classroom learning.

“Provisions at a Glance”

Each chapter concludes with a concise “Provisions at a Glance” section that enables students to quickly revise important provisions before examinations.

Simplified Explanation of Complex Provisions

Complex areas of Direct Taxation are explained in simple, student-friendly language, supported by practical illustrations wherever required.

Updated for Assessment Year 2026–27

The book has been updated to incorporate the relevant latest amendments and provisions applicable to Assessment Year 2026–27, helping students study from current and relevant tax provisions.

Tax Rates and Important Updates

Important tax rates and relevant provisions are presented in a convenient format for quick reference and revision.

Why Choose This Direct Tax Book?

A Student’s Guide to Direct Tax – 1 combines conceptual clarity, practical application and examination preparation in one comprehensive volume. Instead of simply presenting sections and provisions, the book focuses on helping students understand how taxation rules are applied to practical situations.

Its combination of provision-wise explanations, solved illustrations, university questions, practical problems, chapter-end revision material and detailed solutions makes it a useful study companion for students who want to build a strong foundation in Direct Taxation.

Who Should Buy This Book?

This book is especially useful for:

• B.Com. students
• BBA and other undergraduate commerce students studying Direct Taxation
• CA Intermediate students
• CMA Intermediate students
• CS students
• Students preparing for University Direct Tax / Income Tax examinations
• Teachers and faculty members looking for a structured Direct Tax reference book
• Students seeking a practical and examination-oriented Direct Taxation book

A Reliable Companion for Direct Taxation

Whether you are learning Direct Taxation for the first time or revising for an examination, A Student’s Guide to Direct Tax – 1 (Assessment Year 2026–27) provides a structured approach to understanding the fundamentals of income tax law and their practical application.

With its focus on clarity, accuracy, illustrations, practical problems and examination relevance, this book aims to make Direct Taxation easier to understand and more manageable to prepare.

Book Details

Book Title: A Student’s Guide to Direct Tax – 1
Assessment Year: 2026–27
Authors: Dr. Partha Pratim Ghosh & CA Mohit K Agarwal
ISBN: 978-81-687873-9-1
Publisher: Success Mantra Publications