Income Tax Act, 2025 | Amended by The Finance Act, 2026 | Pocket

This edition of the Income Tax Act, 2025, incorporating all amendments introduced by the Finance Act, 2026 (Act 4 of 2026, dated 30-3-2026), serves as a comprehensive and up-to-date legal reference for professionals in law, taxation, finance, and accounting. The book presents the bare text of the law along with short comments, offering clarity and context while retaining the authenticity of the statutory language—making it suitable for both examination use and practical legal understanding.

It includes the full provisions of the Income Tax Act, 2025 (30 of 2025, dated 21-8-2025, w.e.f. 01-04-2025), as currently in force, revised in line with the latest Finance Act to ensure alignment with contemporary legislative and regulatory frameworks.

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 Allowances
• Set-off and Carry Forward of Losses
• Clubbing of Income and Aggregation Provisions
• Taxation of Individuals, HUFs, Firms, LLPs, Companies, and Non-residents
• Procedures for Computation of Income and Filing of Returns
• Assessment, Reassessment, and Appeals
• Penalties, Prosecution, and Recovery Mechanisms
• TDS/TCS Provisions and Advance Tax
• Key Updates on Rates, Surcharge, Cess, Rebates, and Exemptions applicable for FY 2026–27

This edition is particularly suitable for:
• Law students and academicians requiring both legislative text and concise interpretative notes
• Chartered accountants and tax practitioners looking for a handy reference with quick insights
• Legal professionals handling taxation matters
• Corporate professionals responsible for compliance and financial reporting

Whether used for exam preparation, professional reference, or academic study, this edition delivers a balanced combination of statutory accuracy and brief explanatory guidance under the Income Tax Act, 2025, as applicable in 2026.