Taxmann’s Income Tax Act, Master Guide to Income Tax Act – Edition 2025

Taxmann’s Income Tax Act, Master Guide to Income Tax Act – Edition 2025 is a comprehensive and authoritative reference on the Indian Income Tax Act, updated with all amendments introduced by the Finance Act, 2025. This edition serves as a one-stop resource for understanding the provisions of the Income Tax Act, 1961 along with its latest reforms, judicial interpretations, and practical applications. Designed to be both exhaustive and practical, it is an indispensable guide for chartered accountants, tax practitioners, company secretaries, cost accountants, advocates, corporate professionals, academicians, and students preparing for professional examinations.

The book provides a structured and section-wise analysis of the Income Tax Act, enriched with explanatory notes, case law references, circulars, notifications, and departmental clarifications. It not only explains statutory provisions in a simplified manner but also highlights the impact of amendments on taxpayers and businesses. With its reader-friendly style, the book bridges the gap between bare law and practical application, making it highly valuable for both beginners and seasoned tax professionals.

The 2025 edition also provides in-depth coverage of the latest reforms in direct taxation, including updated tax slabs, surcharge changes, TDS/TCS provisions, deductions, exemptions, and compliance requirements. It also explains emerging issues such as taxation of digital economy, cross-border transactions, and new compliance obligations under the faceless assessment regime.

Key Features:

• Comprehensive Coverage of the Income Tax Act, 1961: Section-wise commentary with detailed explanations of provisions, rules, and practical illustrations.

• Updated with Finance Act 2025: Incorporates all amendments, new provisions, and changes introduced in the Finance Act, 2025.

• Case Laws & Judicial Analysis: Includes landmark Supreme Court and High Court rulings shaping the interpretation of income tax provisions.

• Circulars, Notifications & Clarifications: Updated references to CBDT circulars and departmental guidelines for accurate compliance.

• Practical Tools for Tax Professionals: Comparative tables, flowcharts, checklists, and ready references for efficient tax planning and advisory work.

• Taxation of Individuals & Businesses: Detailed analysis of salary, business income, capital gains, house property, and income from other sources.

• Special Provisions & Emerging Issues: Coverage of MAT, AMT, international taxation, equalisation levy, transfer pricing, and taxation of digital assets.

• Compliance-Oriented Approach: Guidance on filing returns, TDS/TCS compliances, faceless assessment, appeals, and penalty provisions.

• User-Friendly Presentation: Easy-to-navigate structure with concise explanations, tables, and illustrations for clarity.

Why This Book is Essential:

• Trusted & Authoritative: Written and published by Taxmann, India’s leading authority on tax laws and professional publications.

• Up-to-Date & Practical: Fully aligned with Finance Act, 2025 and the latest departmental updates, ensuring readers have the most current legal framework.

• Indispensable for Professionals & Students: A must-have for tax practitioners, CAs, CSs, CMAs, lawyers, corporates, academicians, and competitive exam aspirants.

• Bridges Law & Practice: Goes beyond theoretical analysis to provide actionable insights and compliance-ready guidance.

• Enhances Financial & Legal Decision-Making: Assists taxpayers and advisors in structuring financial decisions in a compliant and tax-efficient manner.

Taxmann’s Income Tax Act, Master Guide to Income Tax Act – Edition 2025 is the ultimate reference tool for mastering the complexities of India’s direct tax laws. With its updated content, expert commentary, and practical orientation, this book stands as a definitive companion for anyone dealing with taxation in India.