{"product_id":"direct-taxes-manual","title":"Direct Taxes Manual","description":"\u003cp\u003e\u003cem\u003e\u003cspan\u003eDirect Taxes Manual\u003c\/span\u003e\u003c\/em\u003e\u003cspan\u003e is the most exhaustive statutory reference compilation in Indian direct taxation—a work that has maintained its position as the authoritative practitioner's desk set for 56 consecutive annual editions. The 2026 Edition arrives at the most consequential juncture in post-independence Indian tax history: the full transition from the Income-tax Act 1961 to the Income-tax Act 2025 (\u003cem\u003eAct No. 30 of 2025\u003c\/em\u003e).\u003c\/span\u003e\u003c\/p\u003e\n\u003cp\u003e\u003cspan\u003eVolume 1 presents the ITA 2025—a restructured, 536-section, 23-chapter statute with 15 Schedules—as its primary legislative text, fully amended by the Finance Act 2026. The 1961 Act has been preserved in the fabric of this Edition through the most elaborate bi-directional cross-reference architecture—mapping every section, every rule, and every form between the two regimes. The Finance Act 2026 is reproduced in full and amends both the Income-tax Act 1961 (\u003cem\u003efor the assessment year commencing 1 April 2026\u003c\/em\u003e) and the Income-tax Act 2025 (\u003cem\u003efor the tax year commencing 1 April 2026 onwards\u003c\/em\u003e)—a dual-regime enactment. Volume 2 reproduces the Income-tax Rules 2026 (\u003cem\u003ethe new procedural code, incorporating G.S.R. No. 198(E) dated 20 March 2026\u003c\/em\u003e) alongside 27 additional divisions of subordinate legislation, procedural schemes, and tax administration frameworks. Volume 3 compiles over a century of judicial precedent (\u003cem\u003e1922–February 2026\u003c\/em\u003e), six decades of CBDT administrative guidance (\u003cem\u003e1961–February 2026\u003c\/em\u003e), and a comprehensive lexicon of judicially interpreted statutory terms—all re-indexed section-by-section against the Income-tax Act 2025.\u003c\/span\u003e\u003c\/p\u003e\n\u003cp\u003e\u003cspan\u003eThis book is intended for the following audience:\u003c\/span\u003e\u003c\/p\u003e\n\u003cul type=\"disc\"\u003e\n\u003cli\u003e\n\u003cstrong\u003e\u003cem\u003eChartered Accountants and Tax Consultants\u003c\/em\u003e\u003c\/strong\u003e\u003cspan\u003e \u003c\/span\u003efor current-year compliance under the ITA 2025 (\u003cem\u003enew tax regime, capital gains, TDS\/TCS under Chapter XIX, return filing under Chapter XV\u003c\/em\u003e) alongside legacy 1961 Act assessments, with the cross-reference tables providing instant transitional navigation\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003e\u003cem\u003eAdvocates and Litigation Specialists\u003c\/em\u003e\u003c\/strong\u003e\u003cspan\u003e \u003c\/span\u003efor High Court and Supreme Court work, where access to 104 years of judicial digests (\u003cem\u003e1922–February 2026\u003c\/em\u003e) mapped against 2025 Act sections, and the judicially defined words and phrases compilation, are primary reference tools\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003e\u003cem\u003eCorporate Tax and Transfer Pricing Teams\u003c\/em\u003e\u003c\/strong\u003e\u003cspan\u003e \u003c\/span\u003efor transfer pricing compliance under Chapter X (Se\u003cem\u003ections 161–173, including APA procedures and safe harbour rules\u003c\/em\u003e), ICDS application, MAT\/AMT under Chapter XIII, and IFSC-related exemptions under Schedule VI\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003e\u003cem\u003eNon-Profit Organisations and Their Advisors\u003c\/em\u003e\u003c\/strong\u003e\u003cspan\u003e \u003c\/span\u003efor the new, expanded NPO regime under Chapter XVII (\u003cem\u003eSections 332–355\u003c\/em\u003e) covering registration, corpus donation, accumulated income, taxable regular income, switching between regimes, and the complete commercial activities framework\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003e\u003cem\u003eGovernment Tax Officers (IRS\/CBDT)\u003c\/em\u003e\u003c\/strong\u003e\u003cspan\u003e \u003c\/span\u003efor the full text of all faceless proceedings schemes, the complete CBDT circular archive, and the administrative provisions of Chapters XIV–XVI\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003e\u003cem\u003eFinancial Institutions and Banks\u003c\/em\u003e\u003c\/strong\u003e\u003cspan\u003e \u003c\/span\u003efor TDS\/TCS under the comprehensive Chapter XIX (\u003cem\u003eSections 392–402, covering salary TDS, 80+ categories of TDS under Section 393, TCS under Section 394\u003c\/em\u003e), ICDS compliance (\u003cem\u003eDivision 2, Volume 2\u003c\/em\u003e), and recognised provident\/superannuation fund rules under Schedule XI\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003e\u003cem\u003eLaw Faculty and Tax Researchers\u003c\/em\u003e\u003c\/strong\u003e\u003cspan\u003e \u003c\/span\u003efor the most complete single-source judicial record of Indian income tax law across a 100-year arc\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cp\u003e\u003cspan\u003eThe Present Publication is the 56\u003csup\u003eth\u003c\/sup\u003e Edition | 2026, edited by Taxmann's Editorial Board, with the following noteworthy features:\u003c\/span\u003e\u003c\/p\u003e\n\u003cul type=\"disc\"\u003e\n\u003cli\u003e[\u003cstrong\u003eIncome-tax Act 2025—First Edition as Primary Statute\u003c\/strong\u003e] The 56\u003csup\u003eth\u003c\/sup\u003e\u003cspan\u003e \u003c\/span\u003eEdition is the first to present the Income-tax Act 2025 (\u003cem\u003eAct No. 30 of 2025\u003c\/em\u003e) as the primary statute, fully amended by the Finance Act 2026. The text includes a chapter-wise arrangement of sections, editorial footnotes cross-referring every provision to its 1961 Act counterpart, an Allied Laws Appendix reproducing all allied statutes and regulations cited within the Act (\u003cem\u003eincluding Companies Act 2013 Schedule III, PMLA, SEBI Regulations\u003c\/em\u003e), and a comprehensive subject index\u003c\/li\u003e\n\u003cli\u003e[\u003cstrong\u003eFinance Act 2026—Both Regimes Covered\u003c\/strong\u003e] The complete text of the Finance Act 2026 is reproduced, covering amendments to both the Income-tax Act 1961 (\u003cem\u003ePart A: Sections 4–34, for AY 2026-27\u003c\/em\u003e) and the Income-tax Act 2025 (\u003cem\u003ePart B: Sections 35–158, for tax year 2026-27 onwards\u003c\/em\u003e), along with Chapter VI (\u003cem\u003eMiscellaneous\u003c\/em\u003e) and the First Schedule (\u003cem\u003etax rates\u003c\/em\u003e)\u003c\/li\u003e\n\u003cli\u003e[\u003cstrong\u003eBi-Directional Cross-Reference Tables—Acts, Rules, and Forms\u003c\/strong\u003e] Six exhaustive cross-reference tables are placed at the front of Volumes 1 and 2.\u003c\/li\u003e\n\u003cul type=\"circle\"\u003e\n\u003cli\u003eVolume 1 carries two bi-directional section concordances (\u003cem\u003eITA 1961 ↔ ITA 2025\u003c\/em\u003e)\u003c\/li\u003e\n\u003cli\u003eVolume 2 carries four tables covering bi-directional rule mappings (\u003cem\u003eIT Rules 1962 ↔ IT Rules 2026\u003c\/em\u003e) and bi-directional form mappings (\u003cem\u003eIT Forms 1962 ↔ IT Forms 2026\u003c\/em\u003e)—each with headings reproduced on both sides\u003c\/li\u003e\n\u003cli\u003eThese tables are the primary transitional navigation tool for practitioners working across both regimes simultaneously\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cli\u003e[\u003cstrong\u003eIncome-tax Rules 2026—Complete Text with Computational Illustrations\u003c\/strong\u003e] The full text of the Income-tax Rules 2026 (\u003cem\u003eincorporating G.S.R. No. 198(E) dated 20-03-2026\u003c\/em\u003e) is reproduced with an arrangement of rules, detailed computational illustrations—including Rule 81's TNMM weighted average PLI calculations with multi-year tabular comparables for transfer pricing—an Allied Laws Appendix, and a subject index\u003c\/li\u003e\n\u003cli\u003e[\u003cstrong\u003eLandmark Rulings of Supreme Court and High Courts (1922–February 2026)\u003c\/strong\u003e] Volume 3 compiles over a century of direct tax judicial precedent, systematically re-indexed section-by-section against the Income-tax Act 2025 with corresponding 1961 Act section references in brackets. Entries are substantive digests, not bare citations. Coverage spans foundational interpretive questions (\u003cem\u003eaccrue\/arise\/receive under Section 5; control and management under Section 6\u003c\/em\u003e) to capital gains issues (\u003cem\u003estamp duty valuation and DVO jurisdiction under Section 78; residential house exemption under Section 82\u003c\/em\u003e) and includes 2024–2025 Supreme Court decisions. Both a section-key and alphabetical key are provided\u003c\/li\u003e\n\u003cli\u003e[\u003cstrong\u003eWords and Phrases Judicially Defined—Cross-Indexed to the 2025 Act\u003c\/strong\u003e] A dedicated compilation in Volume 3 presents every significant statutory term that has been judicially interpreted—'business,' 'trade,' 'adventure,' 'accrue,' 'arise,' 'agricultural income,' 'control and management,' 'amalgamation,' and others—with structured digests of the relevant Supreme Court and High Court rulings. All entries carry both the 2025 Act section reference and the corresponding 1961 Act section, and the compilation is navigable through a section-key and an alphabetical key\u003c\/li\u003e\n\u003cli\u003e[\u003cstrong\u003eCBDT Circulars, Clarifications and Notifications (1961–February 2026)\u003c\/strong\u003e] The complete archive of CBDT administrative guidance relevant under the Income-tax Act 2025—spanning six decades from 1961 to February 2026—is compiled in Volume 3, organised by section of the 2025 Act with 1961 Act section cross-references. Coverage includes TDS\/TCS e-filing procedure circulars, bad debt write-off instructions (\u003cem\u003eInstruction No. 17\/2008\u003c\/em\u003e), depreciation on hire-purchase assets, sector-specific notifications (\u003cem\u003eNABARD, OIDB, NDDB, Credit Guarantee Fund Trust\u003c\/em\u003e), and exemption-related notifications. Both a section-key and alphabetical key are provided\u003c\/li\u003e\n\u003cli\u003e[\u003cstrong\u003e28 Divisions of Subordinate Legislation in Volume 2\u003c\/strong\u003e] Volume 2 is organised into 28 self-contained divisions, each with arrangement of rules\/paragraphs, full statutory text, and (\u003cem\u003ewhere applicable\u003c\/em\u003e) a subject index, covering the complete spectrum of direct tax procedural and administrative law—from the Income-tax Rules 2026 and ICDS, through all five faceless proceedings schemes (\u003cem\u003eFaceless Assessment, Penalty, Appeal, Jurisdiction, and Inquiry\/Valuation\u003c\/em\u003e), e-Appeals, e-Advance Rulings, e-Dispute Resolution, ITAT Rules 1963, Capital Gains Accounts Scheme, DRP Rules, Certificate Proceedings Rules, savings-linked investment schemes, and more\u003c\/li\u003e\n\u003cli\u003e[\u003cstrong\u003eForeign Assets of Small Taxpayers Disclosure Scheme 2026\u003c\/strong\u003e] Volume 1 reproduces the complete text of the newly introduced Foreign Assets of Small Taxpayers Disclosure Scheme 2026, making it immediately accessible to practitioners advising on its compliance window\u003c\/li\u003e\n\u003cli\u003e[\u003cstrong\u003eDirect Tax Vivad Se Vishwas Framework\u003c\/strong\u003e]\u003c\/li\u003e\n\u003cli\u003eThe full Vivad Se Vishwas framework is consolidated in Volume 1: the Scheme text, the Rules, and all relevant CBDT notifications and circulars—providing practitioners with the complete dispute settlement reference in one place\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cp\u003e\u003cspan\u003eThe volume-wise coverage of the book is as follows:\u003c\/span\u003e\u003c\/p\u003e\n\u003cul type=\"disc\"\u003e\n\u003cli\u003e\u003cstrong\u003e\u003cem\u003eVolume 1 – Acts (1,468 Pages | As amended by Finance Act 2026)\u003c\/em\u003e\u003c\/strong\u003e\u003c\/li\u003e\n\u003cul type=\"circle\"\u003e\n\u003cli\u003e\n\u003cem\u003eCross-reference Concordance Tables\u003c\/em\u003e\u003cspan\u003e \u003c\/span\u003e— ITA 1961 ↔ ITA 2025 (\u003cem\u003ebi-directional, ~180 pages\u003c\/em\u003e)\u003c\/li\u003e\n\u003cli\u003e\n\u003cem\u003eIncome-tax Act 2025 (Act No. 30 of 2025)\u003c\/em\u003e\u003cspan\u003e \u003c\/span\u003e— 536 sections, 23 chapters, 15 Schedules; as amended by Finance Act, 2026; with editorial footnotes, Allied Laws Appendix, and subject index\u003cspan\u003e \u003c\/span\u003e\u003cem\u003e(~800 pages\u003c\/em\u003e)\u003c\/li\u003e\n\u003cli\u003e\n\u003cem\u003eFinance Act 2026\u003c\/em\u003e\u003cspan\u003e \u003c\/span\u003e— Complete text including rates for both Acts, all amendment sections (\u003cem\u003e~90 pages\u003c\/em\u003e)\u003c\/li\u003e\n\u003cli\u003e\n\u003cem\u003eProhibition of Benami Property Transactions Act 1988\u003cspan\u003e \u003c\/span\u003e\u003c\/em\u003e— As amended to date\u003c\/li\u003e\n\u003cli\u003e\n\u003cem\u003eSecurities Transaction Tax Act\u003c\/em\u003e\u003cspan\u003e \u003c\/span\u003e— As amended by Finance Act 2026\u003c\/li\u003e\n\u003cli\u003e\u003cem\u003eCommodities Transaction Tax Act\u003c\/em\u003e\u003c\/li\u003e\n\u003cli\u003e\n\u003cem\u003eBlack Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015\u003c\/em\u003e\u003cspan\u003e \u003c\/span\u003e— As amended by Finance Act 2026, with Black Money Rules 2015\u003c\/li\u003e\n\u003cli\u003e\n\u003cem\u003eDirect Tax Vivad Se Vishwas Scheme 2024\u003c\/em\u003e\u003cspan\u003e \u003c\/span\u003e— Scheme, Rules, notifications\/circulars\u003c\/li\u003e\n\u003cli\u003e\u003cem\u003eForeign Assets of Small Taxpayers Disclosure Scheme 2026\u003c\/em\u003e\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cli\u003e\u003cstrong\u003e\u003cem\u003eVolume 2 – Rules (1,912 Pages | Incorporating G.S.R. No. 198(E), dated 20-03-2026)\u003c\/em\u003e\u003c\/strong\u003e\u003c\/li\u003e\n\u003cul type=\"circle\"\u003e\n\u003cli\u003e\n\u003cem\u003eCross-reference Tables\u003cspan\u003e \u003c\/span\u003e\u003c\/em\u003e— IT Rules 1962 ↔ IT Rules 2026; IT Forms 1962 ↔ IT Forms 2026 (\u003cem\u003efour bi-directional tables, ~200 pages\u003c\/em\u003e)\u003c\/li\u003e\n\u003cli\u003e28 Divisions of subordinate legislation, procedural schemes, and tax administration framework\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cli\u003e\u003cstrong\u003e\u003cem\u003eVolume 3 – Judicial and Administrative Reference (1,746 Pages | Amended up to March 2026)\u003c\/em\u003e\u003c\/strong\u003e\u003c\/li\u003e\n\u003cul type=\"circle\"\u003e\n\u003cli\u003e\n\u003cem\u003eDivision 1 — Schemes\u003c\/em\u003e\u003cspan\u003e \u003c\/span\u003e(14 schemes: ELSS, PPF, Sukanya Samriddhi, Kisan Vikas Patra, Mahila Samman Savings Certificate, Senior Citizens Savings, Income Tax Informants Rewards, Tax Return Preparer, Electoral Bond, Benami Adjudicating Authority Service Rules, Tonnage Tax Training Guidelines, AAR Appointment Rules, Income-tax Welfare Fund Rules, Hospitalisation Policy)\u003c\/li\u003e\n\u003cli\u003e\n\u003cem\u003eDivision 2 — Words \u0026amp; Phrases Judicially Defined\u003cspan\u003e \u003c\/span\u003e\u003c\/em\u003e— Section-key, alphabetical-key, and full digests\u003c\/li\u003e\n\u003cli\u003e\n\u003cem\u003eDivision 3 — CBDT Circulars, Clarifications \u0026amp; Notifications [1961–February 2026]\u003cspan\u003e \u003c\/span\u003e\u003c\/em\u003e— Section-key, alphabetical-key, and full texts\u003c\/li\u003e\n\u003cli\u003e\n\u003cem\u003eDivision 4 — Landmark Rulings of SC\/High Courts [1922–February 2026]\u003c\/em\u003e\u003cspan\u003e \u003c\/span\u003e— Section-key, alphabetical-key, and full digests\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/ul\u003e\n\u003cp\u003e\u003cspan\u003eThe structure of the book is as follows:\u003c\/span\u003e\u003c\/p\u003e\n\u003cul type=\"disc\"\u003e\n\u003cli\u003eThe three-volume set follows the natural hierarchy of legal authority: primary legislation (\u003cem\u003eVolume 1\u003c\/em\u003e) → subordinate legislation and procedural rules (\u003cem\u003eVolume 2\u003c\/em\u003e) → interpretive and administrative reference (\u003cem\u003eVolume 3\u003c\/em\u003e)\u003c\/li\u003e\n\u003cli\u003eWithin each volume, content is organised into numbered, self-contained divisions, each containing its own arrangement of sections, rules, full statutory text, and, where applicable, a subject index.\u003c\/li\u003e\n\u003cli\u003eEditorial footnotes within the ITA 2025 text in Volume 1 actively cross-refer the reader to the corresponding Words \u0026amp; Phrases and CBDT Circular compilations in Volume 3\u003c\/li\u003e\n\u003cli\u003eThe bi-directional cross-reference tables (\u003cem\u003etwo for Acts in Volume 1; two for Rules and two for Forms in Volume 2\u003c\/em\u003e) are the structural load-bearing instruments of the regime transition. They are positioned at the front of their respective volumes—signalling their operational primacy over commentary\u003c\/li\u003e\n\u003cli\u003eA practitioner working on a legacy assessment under the 1961 Act can navigate instantly to the parallel provision in the 2025 Act, and vice versa, without leaving the set\u003c\/li\u003e\n\u003cli\u003eNo single volume is designed to function independently. The footnote architecture, cross-reference tables, and divisional structure are built as an integrated three-volume research tool\u003c\/li\u003e\n\u003c\/ul\u003e","brand":"Only Padhai","offers":[{"title":"Default Title","offer_id":45450023600151,"sku":null,"price":6107.0,"currency_code":"INR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0803\/5054\/3895\/files\/DirectTaxesManual.png?v=1787914405","url":"https:\/\/onlypadhai.in\/products\/direct-taxes-manual","provider":"Only Padhai","version":"1.0","type":"link"}