Income Tax Act, 2025 (Pocket-edition)

This edition of the Income Tax Act, 2025, as amended by the Finance Act, 2026 (Act 4 of 2024, dated 30-03-2026), serves as a comprehensive and authoritative legal reference for professionals in law, finance, taxation, and accounting. Edited by CA. (Dr.) Girish Ahuja and assisted by CA. (Adv.) Rahul Agrawal, the book presents the bare text of the law—precisely as enacted—without commentary or interpretation, making it highly suitable for examination purposes and precise legal referencing.

It includes all the provisions of the Income Tax Act, 2025, as they stand today, fully updated in accordance with the latest amendments introduced by the Finance Act, 2026. This ensures complete alignment with current legislative frameworks and practical applicability in legal and financial domains.

The content spans the full scope of the Income Tax Act, including: • Definitions and Scope of Total Income • Residential Status and Tax Incidence • Heads of Income – Salaries, Income from House Property, Profits and Gains of Business or Profession, Capital Gains, and Income from Other Sources • Deductions and Exemptions • Set-off and Carry Forward of Losses • Clubbing and Aggregation of Income • Taxation of Individuals, HUFs, Firms, LLPs, Companies, and Non-residents • Computation of Income and Return Filing Procedures • Assessment, Reassessment, and Appeals • Penalties, Prosecutions, and Recovery Mechanisms • TDS/TCS Provisions and Advance Tax • Special Provisions including International Taxation • Updated surcharge, cess, rebates, and tax rates applicable for FY 2026–27

This edition is particularly suitable for: • Law students and academicians requiring the latest legislative text • Chartered accountants and tax professionals needing a dependable reference • Legal practitioners handling taxation matters • Corporate professionals ensuring regulatory compliance

Whether used for academic study, professional reference, or examination preparation, this updated edition delivers the complete and current legislative text of the Income Tax Act, 2025, as applicable in 2026.