Guide to Income Tax | Analysis of Finance Act, 2026 Amendments | Explanation of Income Tax Act, 2025 | Comparative Section of IT Act, 1961 and 2025

This book is a comprehensive and practical guide to the Income-tax law in India, incorporating the latest amendments introduced by the Finance Act, 2026. Authored by CA Prerna Peshori and CA Harshad Tekwani, the 35th Edition (2026) provides a structured and simplified explanation of income tax provisions. It integrates statutory provisions with practical examples, making it easier to understand complex concepts and their real-world application.

Key Features

• Detailed analysis of amendments introduced by Finance Act, 2026
• Tabulated explanation of provisions of Income Tax Act, 2025
• Comparative section numbers of Income Tax Act, 1961 and 2025
• Practical examples with reference to Income Tax Rules
• Simplified presentation for easy understanding
• Covers wide range of income tax concepts and provisions
• Useful for both academic and professional purposes
• 35th Edition 2026 updated content

This book is highly beneficial for Chartered Accountants, tax consultants, and finance professionals involved in income tax compliance and advisory. It is also an excellent resource for CA, CS, CMA students preparing for taxation exams. Additionally, law students, academicians, and business professionals will find it valuable for understanding income tax provisions, amendments, and practical application in India.

DIVISION 1: AMENDMENTS AT A GLANCE
Chapter 1: Analysis of Amendments made by the Finance Act, 2026
Chapter 2A: Tax Rates and Charge of Income Tax

DIVISION 2: LAW, PRACTICE & PROCEDURE
Chapter 3: Residential Status
Chapter 4: Non-Resident Taxation
Chapter 5: Salaries
Chapter 6: House Property
Chapter 7: Profits and Gains of Business or Profession
Chapter 8: Capital Gains
Chapter 9: Income from Other Sources
Chapter 10: Clubbing
Chapter 11: Set-Off
Chapter 12: Deductions
Chapter 13: Tax Deduction at Source (TDS)
Chapter 14: Tax Collection at Source (TCS)
Chapter 15: Minimum Alternate Tax (MAT) and Alternate Minimum Tax (AMT)
Chapter 16: Return of Income
Chapter 17: Tax Administration
Chapter 18: Interest, Fees and Penalties

DIVISION 3: MISCELLANEOUS
Chapter 19: Gold & Silver Rates (2001–2026) and Cost Inflation Index

DIVISION 4: SUPREME COURT & HIGH COURTS ON INCOME TAX
Supreme Court & High Courts on Income Tax

DIVISION 5: CBDT CIRCULARS & GOVERNMENT NOTIFICATIONS
A. Income-tax Act, 1961
B. Wealth-tax Act, 1957
C. Expenditure-tax Act, 1987
D. Banking Cash Transaction Tax

DIVISION 6: MODEL DEEDS
Model Deeds

DIVISION 7: ALLIED LAWS REFERRED TO IN INCOME-TAX ACT, 2025
Allied Laws Referred to in Income-Tax Act, 2025