Income-Tax Act 2025 – Taxmann

Description

The coverage of the book is as follows:

• Preliminary Comparative Tables
  • Table 1 — All sections of the Income-tax Act 1961 with their corresponding sections in the Income-tax Act 2025 (section headings for both Acts included)
  • Table 2 — All sections of the Income-tax Act 2025 with their corresponding sections in the Income-tax Act 1961
  • Table 3 — A comprehensive, clause-level table mapping every section, sub-section, and clause of the 2025 Act to the corresponding provision of the 1961 Act—an indispensable tool for practitioners migrating institutional knowledge from the old regime to the new
• Division One — Income-tax Act 2025
  • Arrangement of Sections — Full topical listing of all 535+ sections across 22 chapters
  • Complete annotated text of the Income-tax Act 2025 as amended by the Finance Act 2026
  • Appendix — List of provisions of Allied Acts, Circulars, and Regulations referred to in the Act, followed by the full text of each such provision
  • Subject Index — A detailed keyword and concept index enabling rapid location of any topic within the Act
• Division Two — Finance Act 2026 (Dedicated Section)
  • Arrangement of Sections
  • Full text of the Finance Act 2026
• Division Three — Securities Transaction Tax
  • Arrangement of Sections
  • Full statutory text of the Securities Transaction Tax
• Division Four — Commodities Transaction Tax
  • Arrangement of Sections
  • Full statutory text of the Commodities Transaction Tax
• Division Five — Foreign Assets of Small Taxpayers Disclosure Scheme 2026
  • Arrangement of Paragraphs
  • Full text of the Scheme

The book follows a five-layer navigational architecture:

• Layer 1 — Macro Cross-Reference (Front Matter) | Three tables occupying over 350 pages map the entire 1961–2025 Act transition at section, sub-section, and clause level. This is the primary orientation tool for a profession that has worked with the 1961 Act for six decades
• Layer 2 — Chapter and Section Arrangement | The Arrangement of Sections within Division One provides a chapter-by-chapter, sub-head-by-sub-head, section-by-section page reference across all 535+ sections and their sub-divisions
• Layer 3 — Annotated Section Text | Within each section, the layout is: statutory text → ‘Corresponding Provision’ cross-reference → footnotes covering rules, forms, circulars, notifications, judicial vocabulary, and allied law references. Finance Act, 2026 amendments are incorporated into the body with identifying footnotes
• Layer 4 — Appendix as Self-Contained Allied Law Reference | The Appendix in Division One reproduces the complete text of every allied statute provision cited in the Act—eliminating the need to consult separate volumes for definitions, procedural provisions, and regulatory frameworks drawn from dozens of other statutes
• Layer 5 — Subject Index as Reverse Entry Point | The detailed Subject Index enables concept-driven access to the Act, complementing the section-based and table-based navigation available at the front of the volume