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