Taxmann Comparative Study of Provisions of Income Tax Act 2025 & Income Tax Act 1961

Comparative Study of the Provisions of the Income Tax Act 2025 & Income Tax Act, 1961, is a clause-by-clause comparison of the two Acts. Each operative provision of the Income-tax Act 1961 (‘1961 Act’) is placed in a two-column table against the corresponding provision of the Income-tax Act 2025 (‘2025 Act’), aligned down to the level of sub-section, clause, sub-clause, item, proviso and Explanation. The deletions/modifications in the 1961 Act are shown in bold + strike-through, and simplifications/insertions in the 2025 Act are highlighted in bold. Provisions of the 2025 Act with no counterpart in the 1961 Act are collated at the end for focused study. Alongside the side-by-side text, the book provides ‘Analysis of Changes’ and embeds Select Committee observations and Income-tax Department FAQs, so readers see what changed and also the policy rationale and practical implications.

This book is intended for the following audience:

• Tax Professionals & Chartered Accountants needing clause-by-clause clarity for compliance, tax audits, and advisory work
• Corporate CFOs, Finance Heads & In-house Tax Teams updating ERP systems, SOPs, and reporting frameworks
• Lawyers & Litigators requiring continuity across regimes for drafting, disputes, and appellate proceedings
• Academicians, Researchers & Students seeking a structured reference that bridges the two legislations

The Present Publication is the 2025 Edition, edited/authored by Taxmann’s Editorial Board, with the following noteworthy features:

• [Section-wise, Word-to-word Textual Comparison] 1961 Act on the left; the corresponding 2025 Act on the right, aligned down to sub-section, clause, sub-clause, item, sub-item, proviso, and Explanation
• [Precise Mark-up of Changes]
  • 1961 Act in bold + strike-through indicates deletions/modifications in 2025 Act
  • 2025 Act text in bold highlights simplifications/changes/new insertions in comparison to the 1961 Act
• [Change Analysis After Each Mapped Provision] Explains the nature and intent of every change in the provisions of the two Acts
• [Select Committee & Departmental FAQs Embedded] Provides the relevant extracts from the observations and recommendations of the Select Committee and the FAQs issued by the CBDT
• [Comprehensive Cross-mapping Tables] A front-loaded contents grid lists every 1961 Act section against its 2025 Act counterpart(s) across 35+ pages for instant navigation
• [Coverage of ‘No-corresponding-Section’ Items] Provisions of the 2025 Act without a 1961 Act parallel are collated at the end for targeted study
• [Legacy Pillars at Work] Editorial processes reflecting Taxmann’s experience (depth and method), speed (timely production), authenticity (authoritative sources) and accuracy (granular alignment)

The structure of the book is as follows:

• Corresponding Provision (1961 ↔ 2025)
• Textual Comparison in two facing columns aligned down to the smallest operative unit
• Analysis of Changes (with practical implications, litigation angles, and drafting effects)
• Institutional Context via Select Committee Notes & Income-tax Department FAQs
• Visual Signposts for Insertions/Deletions
• A Separate Section of the 2025 Act Provision with No Parallel in the 1961 Act