Taxmann's The Budget (Income-tax, GST, Customs) - Edition 2025-26 is an authoritative guide that provides a detailed analysis of the annual budget of India, focusing on the key provisions related to Income Tax, Goods and Services Tax (GST), and Customs. This edition is updated to reflect the most recent changes introduced in the budget for the fiscal year 2025-26, making it an essential resource for professionals, students, businesses, and anyone affected by or interested in understanding the tax policies and budgetary decisions for the upcoming year.

Key Features of the 2025-26 Edition:

1. Comprehensive Analysis of the Budget: The book provides a detailed breakdown and analysis of the Income Tax, GST, and Customs provisions outlined in the budget. This includes changes in tax rates, exemptions, procedural updates, and other significant amendments relevant to taxpayers.

2. Income Tax Highlights: The book likely covers major developments in the Income Tax Act, including changes in individual tax slabs, corporate tax rates, deductions, and any special provisions introduced in the 2025-26 budget. It may also explain the impact of new budgetary provisions on tax planning for individuals and businesses.

3. GST Updates: The GST section of the book will provide insights into any modifications to GST laws, tax rates, exemptions, and compliance procedures that are introduced through the new budget. This may include updates on GST return filing, compliance burden, GST refunds, and the impact of budgetary decisions on GST registration.

4. Customs and Import-Export Regulations: Any changes to customs duties, import-export regulations, and other trade-related provisions introduced in the budget will be thoroughly discussed. This is particularly useful for businesses engaged in international trade or those impacted by changes in customs policies.

5. Practical Implications: Taxmann’s book typically focuses on the practical implications of the budget changes, offering examples, case studies, and illustrations to help professionals, taxpayers, and businesses understand how the new provisions will impact them directly.

6. Key Budget Highlights and Key Features: The book likely includes a summary of the most significant proposals made in the budget, highlighting areas such as:

   • Corporate tax reforms
   • Taxation of startups and MSMEs
   • Personal income tax changes
   • Taxpayer relief measures and incentives for specific sectors or industries
   • Customs duty changes affecting imports and exports
   • GST relief or adjustments for businesses

7. Impact on Key Sectors: The book will analyze how the budgetary provisions will impact various key sectors such as manufacturing, agriculture, services, e-commerce, and digital businesses. This analysis will help readers gauge sector-specific changes and plan accordingly.

8. Amendments and Changes: The 2025-26 edition will include all the latest amendments and notifications announced post-budget, ensuring that the content is up-to-date and in line with the official announcements.

9. Detailed Appendices: The book may contain useful appendices, including the full text of the Finance Act and a comparative analysis of the previous year's budget with the current one, helping readers track ongoing changes in tax law over time.

10. Tax Planning and Compliance Strategies: The book will likely provide tips and strategies for tax planning and compliance under the new budget provisions. This includes advice on how individuals and businesses can optimize their tax positions based on the new tax framework.