Direct Taxes Manual | In 2 Volumes | Income Tax Act, 2025 and Income Tax Rules, 2026 | Latest Forms, Guidance, Mapping, Schemes, Allied Acts and Rules

This edition of the Direct Taxes Manual, updated for the year 2026, serves as a comprehensive and authoritative legal reference for CAs / CS / Tax Professionals in law, finance, taxation, and accounting. Edited by CA (Dr.) Girish Ahuja and assisted by CA (Adv.) Rahul Agrawal, the manual is presented in two volumes, covering the Income Tax Act, 2025 along with Allied Acts FAQs (Volume I), and the Income Tax Rules, 2026 (Volume II) with Allied Rules. The book presents the bare text of the law along with essential supporting material, making it highly suitable for both academic and professional use.

Volume I includes the complete and updated text of the Income Tax Act, 2025 along with relevant allied acts, ensuring alignment with current legislative developments. Volume II provides the Income Tax Rules, 2026 along with the latest income tax forms, supported by guidance, parallel mapping with IT rules, and references to relevant schemes and allied provisions.

The content spans the full scope of direct taxation laws, including:

• Definitions and Scope of Total Income
• Residential Status and Tax Incidence
• Heads of Income - Salaries, House Property, Business or Profession, Capital Gains, and Other Sources
• Deductions and Exemptions
• Set-off and Carry Forward of Losses
• Clubbing and Aggregation of Income
• Taxation of Various Entities including Individuals, HUFs, Firms, and Companies
• Filing of Returns and Compliance Requirements
• Assessment Procedures and Appeals
• Penalties, Prosecution, and Recovery
• TDS/TCS Provisions and Advance Tax
• Relevant Rules, Forms, and Procedural Guidelines

This edition is particularly suitable for chartered accountants, tax practitioners, and consultants, legal professionals handling taxation matters, corporate compliance and finance professionals, academicians and researchers in taxation law. These two-volume manual provides a complete and up-to-date resource on direct taxation laws as applicable in 2026 as per new Tax regime.