Commercial's The Income Tax Act, 1961 (Act 43 of 1961) As Amended by the Finance (No. 2) Act, 2024 (7 of 2025) – AIBE Student Edition 2025

The Income Tax Act, 1961 (Act 43 of 1961) – As Amended by the Finance (No. 2) Act, 2024 (7 of 2025) is an authoritative and up-to-date statutory compilation designed for legal professionals, tax practitioners, students, and aspirants preparing for the All India Bar Examination (AIBE). This edition provides the complete and revised text of the Income Tax Act, 1961, incorporating all amendments made by the Finance (No. 2) Act, 2024, notified in 2025.

Structured with clarity and precision, this publication serves as a reliable legal resource for understanding the evolving landscape of Indian income tax law. It presents a section-wise arrangement of the Act with all relevant schedules and references, making it easy for readers to navigate complex provisions.

Key Features:

• Complete Text of the Income Tax Act, 1961: Includes all statutory provisions as per the latest amendments up to the Finance (No. 2) Act, 2024, effective in the year 2025.

• Updated as per Current Legislation: Incorporates recent changes in tax slabs, surcharge rules, digital filings, exemptions, TDS/TCS provisions, and procedural reforms introduced in Budget 2024–25.

• Ideal for AIBE and Law Students: A must-have for candidates preparing for the All India Bar Examination, as well as for law students and academicians requiring a reliable statutory reference.

• User-Friendly Format: Sections are logically arranged and indexed for quick reference, allowing professionals and students to find relevant provisions efficiently.

• Useful for Daily Legal Reference: Suitable for practicing advocates, chartered accountants, company secretaries, and consultants dealing with income tax litigation, compliance, and advisory services.

• Cross-References & Citations: Contains essential marginal notes, internal cross-references, and references to allied provisions, aiding contextual understanding.

• Portable and Exam-Friendly Design: Compact and easy-to-carry edition tailored for law libraries, courtrooms, classrooms, and exam halls.

Why This Book is Essential:

• Accurate and Legislative Source: Serves as the most authentic and updated version of India’s primary direct tax legislation, fully reflecting changes up to 2025.

• Prepares Readers for Legal & Tax Practice: Equips readers with the knowledge required for professional practice, litigation strategy, and tax planning.

• Supports Exam and Academic Success: Perfect for law entrance exams like AIBE and university studies, helping students become confident in tax law.

• Enables Legal Compliance: A valuable resource for ensuring that filings, assessments, and appeals are based on the latest and most accurate law.

The Income Tax Act, 1961 (Act 43 of 1961) As Amended by the Finance (No. 2) Act, 2024 (7 of 2025) is an essential legal reference for anyone engaging with Indian income tax law—whether in practice, academics, or examination preparation. This edition ensures readers are fully equipped with the latest law for informed legal and financial decision-making.