Taxmann Income Tax Act 2025 Pocket 33rd Edition April 2026

Taxmann Income Tax Act 2025 Pocket 33rd Edition April 2026

Description

The Present Publication is the 33rd Edition | 2026, amended by the Finance Act 2026 and edited by Taxmann’s Editorial Board, with the following noteworthy features:

• [Complete Annotated Statutory Text] The full text of the Income-tax Act 2025, as amended by the Finance Act 2026, with no sections abridged or omitted. Every amendment enacted by the Finance Act 2026, is incorporated directly into the text of the section, with a clear footnote indicating the substitution, insertion, or omission and its effective date
• [Four-Tier Annotation System] Below each section, annotations systematically cross-reference
  • Prescribed Rules and Forms under the Income-tax Rules 2026
  • Relevant CBDT Circulars and Notifications
  • Judicially interpreted words and phrases
  • Allied statutory provisions referred to within the section—making the Act not merely a bare text but a structured research anchor.
• [Corresponding 1961 Act Provisions at Every Point] Given that the ITA 2025 represents a wholesale recodification rather than an amendment of the 1961 Act, practitioners must routinely cross-refer. This Edition places the corresponding section number(s) of the Income-tax Act 1961 in square brackets immediately alongside each section heading, eliminating the need for a separate concordance
• [Text of Finance Act 2026 in Full] Division Two reproduces the complete Finance Act 2026, including the First Schedule (rate structure) covering all taxpayer categories—individuals (general, senior citizens, super senior citizens), Hindu Undivided Families, firms, co-operative societies, domestic companies, and foreign companies—as well as surcharge and Health and Education Cess provisions applicable for Tax Year 2026–27
• [Appendix—Allied Acts, Circulars, and Regulations] The Appendix first lists all allied enactments and regulatory instruments cross-referenced within the ITA 2025, then reproduces the precise provisions (sections, clauses, or regulations) of those instruments that are referenced. This spans legislation including the Securities Contracts (Regulation) Act 1956; the Sick Industrial Companies Act 1985 (as repealed); SEBI Regulations; and other statutes, making the volume self-sufficient for most statutory look-ups
• [Detailed Subject Index] A granular subject index spanning the entire Volume 1 content (ITA 2025 and Appendix) enables rapid location of specific topics, provisions, and concepts without requiring knowledge of the section number
• [Pocket Format Without Compromise on Coverage] Despite its compact dimensions, the Edition makes no sacrifice in statutory completeness. All 500+ sections of the ITA 2025, spanning 16 chapters, are reproduced in full with their sub-sections, provisos, explanations, and schedules intact

The volume is organised into two Divisions:

• Division One — Income-tax Act 2025
  • Covers the complete annotated text of the ITA 2025 across all 16 Chapters, including Preliminary and Definitions; Basis of Charge and Residence; Exempt Incomes; Computation of Total Income across all five heads (Salaries, House Property, Business or Profession, Capital Gains, and Other Sources); special regimes for Venture Capital Undertakings, Business Trusts, Investment Funds, and the Tonnage Tax Scheme for shipping companies; Tax Administration (authorities, jurisdiction, search and seizure, survey, Faceless proceedings); Return of Income (PAN, filing, self-assessment, updated return); and Assessment Procedure (regular, best judgment, Faceless Assessment, DRP, escaped income)
  • The Division also includes an Arrangement of Sections, an Appendix reproducing allied statutory provisions and CBDT instruments referenced in the Act, and a Subject Index
• Division Two — Finance Act, 2026
  • The complete text of the Finance Act 2026, covering income-tax rates for Tax Year 2026–27 across all taxpayer categories (individuals, HUFs, firms, co-operatives, domestic and foreign companies) under both the ITA 2025 and the ITA 1961, along with applicable surcharge slabs and the Health and Education Cess at 4%