Description
Income Tax Act 2025 is a practitioner-oriented and comprehensive presentation of the newly enacted Income-tax Act. It provides a fully annotated text of the Income-tax Act 2025 along with detailed cross-references to the erstwhile Income-tax Act 1961. This Edition is designed to serve as a definitive reference for transition, equipping readers with the statutory framework and interpretative aids necessary to implement and comply with the new law.
This book is intended for the following audience:
Tax Professionals & Law Firms – For in-depth section-wise guidance with quick backwards mapping to the Income-tax Act 1961
Corporate Finance & Compliance Teams – CFOs, controllers, and in-house tax managers handling TDS/TCS, transfer pricing, corporate taxation, GAAR, and dispute resolution
Judiciary, Tribunals & Litigation Counsel – For ready reference to Notes on Clauses, Select Committee recommendations, and departmental clarifications
Academicians & Researchers – For structured access to the Act’s provisions, schedules, Department’s FAQs, and allied laws
Students & Aspirants – Especially useful for advanced tax law courses, chartered accountancy, company secretaryship, and law graduates
The Present Publication is the 71st Edition | 2025, authored and edited by Taxmann’s Editorial Board, with the following noteworthy features:
[Annotated Text of the Income-tax Act 2025] Provides clear explanations under each section
[Cross-references to Income-tax Act 1961] Section-wise backwards mapping for ease of transition
[Allied Laws Referenced] Incorporation of sections and regulations cited within the Act
[Judicially Noticed Words & Phrases] Compilation of legally significant expressions relevant to interpretation
[Comparative Analysis] Tables showing corresponding sections of the 1961 Act and the 2025 Act, both ways
[Legislative Insights] Consolidated objections/recommendations of the Select Committee for context
[Departmental Guidance] FAQs issued by the Income-tax Department
[Ease of Research] Extensive subject index for quick navigation
The coverage of the book is as follows:
Complete Text of the Income Tax Act 2025 with annotations
Comparative Provisions Table
Section-to-section comparison between the 1961 and 2025 Acts
Select Committee Observations
Insights into the legislative process and rationale behind provisions
Departmental FAQs
Covering FAQs issued by the CBDT explaining the rationale behind the amendment in the important provisions
Allied Laws & Judicial References
Mapping of relevant laws and judicially recognised terms for precision in application
Subject Index & Appendices
For ease of access to specific provisions, schedules, and thematic issues
The structure of the book is as follows:
Section-wise Format – Each section of the Income Tax Act 2025 is reproduced in full, followed by annotations
Annotations Include
Corresponding provision(s) from the 1961 Act
Allied law references for cross-legal interpretation
Words & phrases judicially noticed for application in tax law
Comparative Tables
Two-way tables show old-to-new and new-to-old section mappings
Commentary
Comprehensive analysis highlighting differences between the old and the new law
Supplementary Materials
Select Committee recommendations, Departmental FAQs, and legislative clarifications
Indexing
Subject-wise and section-wise indexing for research efficiency
