Taxmann's Direct Taxes Law & Practice
 

Taxmann's Direct Taxes Law & Practice – 72nd Edition 2025 is India’s most widely referred and trusted textbook on direct taxation, authored by the acclaimed experts Dr. Vinod K. Singhania and Dr. Monica Singhania. Designed to serve both academic and professional needs, this edition has been meticulously updated in accordance with the Finance Act, 2025, and covers all significant amendments applicable for the Assessment Year 2025–26.

This comprehensive volume combines a structured theoretical foundation with practical application, making it an essential study and reference tool for students of CA Final, CMA, CS, MBA, M.Com, and law, as well as for tax consultants, finance professionals, and academicians. The book is enriched with illustrative examples, case studies, circulars, judicial rulings, and a user-friendly approach to learning complex tax provisions.

Its exhaustive coverage and precise language make it suitable for both self-learners and classroom study. With regular updates and extensive legal referencing, this book remains the gold standard for direct tax education and compliance.

Key Features:

• Updated as per Finance Act 2025: Covers latest changes in tax slabs, surcharge rates, exemptions, deductions, TDS/TCS provisions, and procedural aspects relevant to AY 2025–26.

• Detailed Analysis of Core Concepts: Covers all heads of income – salary, house property, profits from business/profession, capital gains, and income from other sources – with illustrations.

• Comprehensive Scope: Discusses clubbing of income, set-off and carry-forward of losses, deductions under Chapter VI-A, total income computation, and tax liability calculations.

• Judicial Interpretations & Circulars: Integrates recent Supreme Court and High Court judgments and CBDT circulars for a practical understanding of tax law.

• Case-Based Learning: Features practical case studies and solved problems to explain difficult concepts with clarity.

• Comparative Study of Old vs. New Regime: Includes analysis of optional tax regimes under Section 115BAC for individuals, HUFs, and Section 115BAD for firms/LLPs.

• Self-Evaluation Tools: Provides multiple-choice questions, practice exercises, revision notes, and test papers for comprehensive learning and revision.

• Chapter-wise Summaries: Offers a quick recap at the end of every chapter to aid retention and exam preparation.

• Tax Planning Insights: Basic guidance on structuring income and expenses for better tax efficiency and compliance.

Why This Book Is Essential:

• ✅ Authoritative Text: A bestseller for over seven decades, trusted by students, teachers, and professionals across India.

• ✅ Ideal for Multiple Exams: Tailored for CA Final, CMA, CS, M.Com, MBA (Finance), and law courses.

• ✅ Exam-Oriented + Practical Use: Equally useful for exam preparation and real-world tax application by practitioners and finance teams.

• ✅ Covers Every Taxpayer Category: Helpful for salaried individuals, professionals, business owners, HUFs, and corporates.

• ✅ Easy to Navigate Format: Logical flow of chapters, well-organized sections, and accessible language make learning and referencing easier.

Taxmann’s Direct Taxes Law & Practice – 72nd Edition 2025 stands out as an indispensable companion for mastering the intricacies of direct taxation in India. Whether you're a student, educator, or professional, this book equips you with the depth and clarity needed to stay compliant, plan effectively, and succeed in the evolving tax landscape.