Taxmann’s Cracker – Tax Laws & Practice (Tax) (CS-Executive) (New Syllabus) by K.M. Bansal for Dec 2026 Exams – 7th Edition June 2026.

Taxmann’s CRACKER for Tax Laws & Practice (CS-Executive | Group 2 – Paper 7) is a comprehensive, examination-oriented question bank that trains candidates to attempt the paper exactly as it is currently structured. Rather than simply re-teaching the syllabus, this 7th Edition (June 2026) compiles past examination questions and meticulously rewrites every single solution to align with Assessment Year 2026-27 and the current GST and Customs regime.

Key Exam Preparation Features

• Recomputed Past Papers: Practice questions first asked years ago using today’s rates and regimes (e.g., default regime under Sec 115BAC, updated STCG/LTCG rates, revised surcharges, and current ITC blocking rules).

• Theory & Computation Combined: Provides concise, section-referenced descriptive answers alongside step-by-step practical solutions (including salary formats, GST liability with set-off ledgers, and customs duty calculations).

• Strategic Trend Analysis: Opens with a Plan-Before-You-Practise section featuring a Marks Distribution Chart (Dec 2023 to June 2026), question-level trend analysis, and a direct mapping to the official ICSI Study Material.

• Latest Solved Paper: Concludes with a complete, fully-worked solution for the most recent June 2026 examination.

Complete Syllabus Coverage (Paper 7)

The book mirrors the ICSI examination split across three distinct parts:

• Part I: Direct Tax (Chapters 1–13)

  • Basic Concepts, 5 Heads of Income (Salary, House Property, PGBP, Capital Gains, Other Sources)

  • Clubbing, Set-off, Deductions, and Computation of Total Income

  • Classification and Tax Incidence on Companies & Procedural Compliance

• Part II: Indirect Tax – GST & Customs (Chapters 14–20)

  • Levy & Collection, Time, Value & Place of Supply

  • Input Tax Credit (ITC) & GST Liability Computation

  • Procedural Compliance and Customs Act Overview (including Baggage Rules)

• Part III: Case-Based Objective Questions

  • Extended, multi-part case studies covering both Income Tax and Indirect Taxes, mirroring the high-mark integrated questions in the current examination pattern.

About the Authors

• CA (Dr) K.M. Bansal: An Associate Professor of Commerce at Dr B.R. Ambedkar College, University of Delhi. A Gold Medalist from SRCC, he is a seasoned educator and Chartered Accountant with over two decades of teaching experience. He frequently serves as visiting faculty for ICAI and ICSI and has been repeatedly recognized for his commendable contributions to the profession.

• Dr Sanjay Kumar Bansal: An Associate Professor with over three decades of experience in higher education at Chaudhary Charan Singh University. A prolific scholar in finance and taxation, he has published two dozen research papers and authored/contributed to numerous textbooks on Income Tax and Financial Management.

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