Taxmann’s Master Guide to Income Tax Act, 35th Edition, 2025

The 35th Edition of the Master Guide to Income-tax Act, thoroughly updated by the Finance Act 2025, offers a comprehensive analysis of both fundamental and advanced provisions of the Indian Income-tax Act. It addresses new presumptive schemes for non-residents, expanded Virtual Digital Assets provisions, and revised TDS/TCS rules with practical illustrations. Integrating landmark rulings, notifications, and CBDT circulars (1922–February 2025) provides historical depth and authoritative clarity. The book’s four-part structure—Commentary, TDS/TCS Tables, Circulars & Notifications, and Landmark Rulings—ensures intuitive cross-referencing and swift navigation. Backed by Taxmann’s legacy of precise legal scholarship, this resource is helpful for tax professionals, lawyers, and corporate tax departments.

The Master Guide to Income-tax Act is a comprehensive, up-to-date, and authoritative treatise on the Indian Income-tax Act. Thoroughly amended by the Finance Act 2025, this book combines:

• Threadbare analysis of newly introduced provisions
• Ratios of landmark jurisprudence from the Supreme Court and High Courts
• Government notifications that shape administrative practices
• CBDT’s circulars clarifying policy directions

All these elements are presented in one accessible resource that stands out for its detailed explanations, practical illustrations, and timely insights. It dives into amendments in the provisions relating to basic concepts (such as definitions, tax rates, and compliance requirements) and advanced topics (such as the new presumptive tax scheme for non-residents and the intricacies of Virtual Digital Assets). It carries Taxmann’s tradition of precise legal commentary, structured analysis, and user-friendly format. Its unique market position truly sets it apart, reflecting Taxmann’s unparalleled track record in publishing authoritative tax law references and delivering timely, detailed analyses that practitioners can rely on.

This book is helpful for the following audience:

• Tax Professionals & Chartered Accountants
  o Gain in-depth knowledge of every amendment introduced by the Finance Act 2025
  o Access a one-stop reference for all relevant case laws, notifications, and circulars for accurate client advisories
• Lawyers & Legal Practitioners
  o Utilise authoritative citations of landmark rulings (1922 – February 2025) and government clarifications for litigation and advisory
  o Enhance arguments and interpretations with comprehensive cross-references spanning the entire Income-tax Act
• Corporate Tax Departments & CFOs
  o Leverage expert commentary for strategic tax planning and compliance under the new regime
  o Stay updated on TDS/TCS changes, rationalised rates, and special provisions like the new presumptive scheme for non-residents

The Present Publication is the 35th Edition | 2025, authored by Taxmann’s Editorial Board. This book is amended by the Finance Act 2025 with the noteworthy features