Direct Taxes Law & Practice | As per The Income Tax Act, 2025 | Amended by The Finance Act, 2026

Bharat?s Direct Taxes Law & Practice is a comprehensive professional reference book designed for chartered accountants, tax consultants, advocates, finance professionals, commerce students, judiciary aspirants, and income tax practitioners. The book is updated as per The Income Tax Act, 2025 and amended by The Finance Act, 2026, providing an extensive understanding of direct taxation laws and procedures in India. It serves as a complete guide for transition from the Income Tax Act, 1961 to the Income Tax Act, 2025 and offers detailed chapter-wise analysis of income tax provisions relating to salaries, house property, business income, capital gains, deductions, assessments, appeals, penalties, tax recovery, international taxation, GAAR, transfer pricing, non-resident taxation, advance rulings, TDS, refunds, and dispute resolution mechanisms. The book also includes analysis of amendments introduced through The Finance Act, 2026, important case laws, CBDT circulars, and government notifications, making it highly useful for professional tax practice, litigation support, tax compliance, advisory services, and academic learning.

Key Features:

• Updated as per The Income Tax Act, 2025
• Amended by The Finance Act, 2026
• Professional edition for advanced tax practice
• Detailed analysis of amendments made by Finance Act, 2026
• Includes important judicial decisions and case laws
• Coverage of CBDT circulars and government notifications
• Comprehensive discussion on computation of total income
• Detailed treatment of salary income taxation
• Extensive analysis of business and professional income
• Covers taxation of capital gains and other sources income
• Includes provisions relating to deductions and exemptions
• Detailed explanation of assessments and reassessment procedures
• Covers search, seizure and survey provisions
• Comprehensive analysis of TDS and TCS provisions
• Covers advance tax, refunds, interest and fee provisions
• Detailed discussion on appeals, revisions and dispute resolution
• Includes penalties, offences and prosecution provisions
• Covers taxation of companies, LLPs, HUFs and co-operative societies
• Detailed discussion on international taxation and transfer pricing
• Comprehensive analysis of GAAR provisions
• Covers taxation of non-residents and foreign companies
• Includes advance ruling provisions under direct tax law
• Useful for professional tax advisory and litigation practice
• Structured chapter-wise presentation for practical understanding
• Comprehensive coverage of procedural and compliance provisions
• Useful for academic studies and competitive examinations

This book is highly beneficial for chartered accountants, company secretaries, cost accountants, tax consultants, advocates, income tax practitioners, finance professionals, auditors, academicians, commerce students, law students, judiciary aspirants, and candidates preparing for professional examinations related to taxation and finance. It is also useful for corporate tax departments, compliance officers, business owners, tax litigators, government examination aspirants, and professionals involved in direct tax planning, tax audits, return filing, advisory services, assessments, appeals, international taxation, and transfer pricing matters. The practical and analytical approach makes the book suitable for both academic learning and professional tax practice.

Part 1
Division A - Analysis of amendments made by The Finance Act, 2026 -
Division B - Important Case Laws -
Division C - CBDT Circulars & Government Notifications -
Part 2
Direct Taxes — Laws & Practice
Chapter 1 - Preliminary -
Chapter 2 - Basis of Charge -
Chapter 3 - Incomes which do not Form Part of Total Income -
Chapter 4 - Computation of Total Income and Income under the Head “Salaries” -
Chapter 5 - Income under the Head “Income from House Property” -
Chapter 6 - Income under the Head “Profits and Gains of Business or Profession” -
Chapter 7 - Income under the Head “Capital Gains” -
Chapter 8 - Income under the Head “Income from other Sources” -
Chapter 9 - Income of Other Persons included in Total Income of Assessee -
- Chapter 10 - Aggregation of Income – Unexplained Credits, Unexplained Investment Etc. -
Chapter 11 - Set Off or Carry Forward and Set Off of Losses -
Chapter 12 - Deductions to be Made in Computing Total Income -
Chapter 13 - Agricultural Income and Its Tax Treatment -
Chapter 14 - Assessment of Individuals -
Chapter 15 - Assessment of Hindu Undivided Family -
Chapter 16 - Assessment of Firms (including LLP) -
Chapter 17 - Assessment of Association of Persons -
Chapter 18 - Assessment of Co-operative Societies -
Chapter 19 - Assessment of Non-Profit Organization -
Chapter 20 - Taxation of Mutual Associations -
Chapter 21 - Assessment of Companies -
Chapter 22 - Tonnage Tax Scheme -
Chapter 23 - Return of Income and Procedure of Assessment -
Chapter 24 - Search, Seizure & Survey and Special Procedure
for Assessment of Search Cases -
Chapter 25 - Deduction and Collection of Tax at Source -
Chapter 26 - Advance Payment of Tax -
Chapter 27 - Interest and Fee Payable -
Chapter 28 - Refunds -
Chapter 29 - Appeals, Revisions and Alternate Dispute Resolutions -
Chapter 30 - Penalties, Offences and Prosecution -
Chapter 31 - Income Tax Authorities -
Chapter 32 - Special Provisions Relating to Certain Persons –
Legal Representative, Agent, Executors Etc. -
Chapter 33 - Collection and Recovery of Tax -
Chapter 34 - Mode of Payment in Certain Cases etc. -
Chapter 35 - Double Taxation Relief -
Chapter 36 - Special Provisions Relating to Avoidance of Tax (Transfer Pricing Provisions for International Transactions) -
Chapter 37 - General Anti-Avoidance Rule (GAAR) -
Chapter 38 - Special Provisions Relating to Non-Residents and Foreign Companies -
Chapter 39 - Advance Rulings