Commercial’s Deductions to be made in Computing Total Income by Ram Dutt Sharma – Edition 2026.

Under the newly enacted Income Tax Act, 2025, the landscape of tax deductions has been restructured. Deductions to be made in Computing Total Income (Edition 2026), published by Commercial Law Publishers, is a dedicated treatise on this highly specific, consequential area of direct tax law. By concentrating exclusively on Chapter VIII, Ram Dutt Sharma provides tax professionals, corporate finance teams, and legal practitioners with an interpretation-ready resource free from unnecessary digression.

Mastering Chapter VIII: Sections 122 to 154

The book systematically breaks down the new statutory framework governing allowable deductions, ensuring seamless return preparation and tax planning:

• The Legislative Structure: Detailed mapping of Sections 122 to 154 under the Income Tax Act 2025, reflecting the exact legal position post-Finance Act 2026.

• Allowability Mechanisms: Explains how individual and corporate taxpayers must compute and claim deductions related to investments, medical expenditures, educational loans, and charitable donations under the new section numbering.

• Compliance & Audit Support: Equips professionals with the authoritative statutory text required to defend deduction claims during scrutiny proceedings and tax assessments.

Precision for the Modern Tax Professional

This book is built for practitioners who cannot afford to rely on outdated frameworks. It strips away general tax theory to focus purely on the mechanics of minimizing taxable income through legal, statutorily approved deductions under the new 2025 regime.

Who Should Buy This Book?

• Chartered Accountants & Tax Practitioners: An indispensable desk reference for tax season, ensuring flawless computation of total income under the latest Finance Act.

• Advocates & Tax Litigators: Provides the exact statutory interpretations needed to argue deduction disputes before appellate forums.

• Corporate Finance & Payroll Teams: Essential for guiding employee tax declarations and corporate compliance reporting.

• Law Students & Academicians: A concise, highly structured resource for studying legislative interpretation and the evolution of India’s direct tax framework.

About the Author

Ram Dutt Sharma

Ram Dutt Sharma brings a formidable “insider” perspective to tax literature. Joining the Income Tax Department in 1983, he retired as an Income Tax Officer in 2018 after an illustrious 35-year career.

Having worked across all major wings of the Department in the North-West Region—including Assessment Units, Special Ranges, the TDS Wing, and Investigation Wings—he understands exactly how the department assesses and allows/disallows deduction claims. A highly respected faculty member, he frequently lectures at the National Academy of Direct Taxes (NADT) Regional Campuses and has addressed numerous seminars organized by the Income Tax Department, the ICAI, and various trade associations.

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