Income Tax - 1: Assessment Year 2025-26 | Prakash Publications | CBCS B.Com. Programme | Semester 5 | Core Optional - 3

Income Tax – I (Assessment Year 2025–26) published by Prakash Publications is a comprehensive textbook designed for CBCS B.Com. Programme Semester 5, Core Optional – III. The book provides a clear and systematic understanding of the Indian Income Tax framework as applicable to the Assessment Year 2025–26.

The content covers fundamental concepts of income tax, residential status, scope of total income, exemptions, deductions, and computation of income under various heads, explained with relev…

Income Tax – I (Assessment Year 2025–26) published by Prakash Publications is a comprehensive textbook designed for CBCS B.Com. Programme Semester 5, Core Optional – III. The book provides a clear and systematic understanding of the Indian Income Tax framework as applicable to the Assessment Year 2025–26.

The content covers fundamental concepts of income tax, residential status, scope of total income, exemptions, deductions, and computation of income under various heads, explained with relevant illustrations and practical examples. Special emphasis is given to provisions of the Income-tax Act, latest amendments, and updated rules to ensure academic accuracy and exam relevance.

Written in a student-friendly manner, the textbook bridges theory with practical application, making it ideal for undergraduate commerce students. It serves as a reliable resource for classroom learning, self-study, and examination preparation, while also helping learners build a strong foundation in direct taxation.