COMBO for Direct Taxes – Master Guide to Income Tax Act and Rules 2025 & Direct Taxes Ready Reckoner (DTRR) 2025 | Finance Act 2025 | IT (Fifth-Amdt.) Rules 2025 | Set of 3 Books – Edition 2025

Description

The COMMENTARY COMBO – I for Direct Taxes—Master Guide to Income Tax Act and Rules & Direct Taxes Ready Reckoner (DTRR) 2025 Edition is a comprehensive, three-in-one collection designed to address every facet of India’s direct tax regime. It includes:

• Master Guide to Income-tax Act
• Master Guide to Income Tax Rules
• Direct Taxes Ready Reckoner

All three works are thoroughly updated by the Finance Act 2025 and incorporate the latest changes under the Income-tax (Fifth Amendment) Rules 2025. This Combo stands out for its detailed legal commentary, practical illustrations, and quick-reference tools—offering readers a complete solution for research, compliance, and planning.

This Combo is intended for the following audience:

• Tax Professionals & Chartered Accountants
• Lawyers & Legal Practitioners
• Corporate Tax Departments & CFOs
• Government Officials & Regulators
• Academicians & Researchers

The key features of the Combo are as follows:

• [Complete Analysis of Finance Act 2025 Amendments] Thorough explanation of newly introduced provisions, including rationales, real-world implications, and timelines
• [Historical & Contemporary Perspective] Covers landmark rulings since 1922 and consolidates notifications/circulars from 1961 to February 2025. Demonstrates the evolution of Income-tax law and its policy context
• [Rule-by-Rule Commentary (Master Guide to Income Tax Rules)] Each rule from the Income-tax Rules, 1962, is dissected in a para-wise format for clarity. Relevant circulars, notifications, judicial precedents, and practical illustrations included
• [Ready Reckoner Format for Quick Reference] Comprehensive tax tables, TDS/TCS rate charts, depreciation rates, cost inflation indices, etc. Hints for tax planning, break-even comparisons (Old vs. New Tax Regimes), and compliance checklists
• [User-friendly Layout & Cross-referencing] Logical division into separate but interconnected segments: Finance Act commentary, TDS/TCS at a glance, Rule-wise commentary, and a repository of landmark rulings. Footnotes, endnotes, and references to primary sources for deeper research
• [Faceless Tax Proceedings & Procedural Guidance] Detailed guidance on faceless assessments, appeals, and penalties under the restructured e-proceedings system
• [Authenticity & Reliability] Authored by Taxmann & Dr Vinod K. Singhania, a recognised tax and corporate law publishing authority. Reviewed by domain experts to ensure precision and relevance

The coverage of each book is as follows:

• Master Guide to Income-tax Act
  • Finance Act 2025 Commentary
    • Tax rates and changes to the new tax regime under Section 115BAC
    • Discussion on new presumptive taxation schemes (Section 44BBD) for non-residents
    • TDS/TCS amendments, higher threshold limits, revised rationalised rates
    • Updates on Virtual Digital Assets, expanded definitions, and compliance obligations
    • Special focus on block assessments in search and seizure cases
  • Comprehensive Repository
    • TDS & TCS tables with thresholds, applicable rates, compliance deadlines
    • Circulars, notifications, and clarifications from 1961 to February 2025
    • Landmark rulings from the Supreme Court and High Courts (1922–February 2025)
• Master Guide to Income Tax Rules
  • Rule-wise Commentary
    • Covers Rules 2A to 134, dissecting legislative history, case laws, and relevant circulars
  • Valuation & Computation Procedures
    • Step-by-step methods for computing perquisites, depreciation, capital gains, and exempt incomes
  • Withholding & Collection
    • TDS (Tax Deducted at Source) and TCS (Tax Collected at Source) rules, with forms and procedures
  • Transfer Pricing & GAAR
    • Dedicated sections for arm’s length pricing, safe harbour rules, and general anti-avoidance regulations
  • Assessments, Appeals & Dispute Resolution
    • Procedures for filing returns, handling scrutiny, appeals, and dispute resolution
• Direct Taxes Ready Reckoner (DTRR)
  • Latest Amendments
    • Incorporates all changes for Assessment Years 2025–26 & 2026–27
  • New Tax Regime
    • Detailed break-even tables comparing the Old vs. New Regimes across various income levels
  • Tax Planning & Faceless Proceedings
    • Hints for tax-saving avenues under Chapter VI-A
    • Procedural requirements and best practices under faceless assessment, appeals, and penalties
  • Comprehensive Illustrations & Historical Data
    • Practical examples that clarify complex legal provisions
    • Historical tax rates, gold/silver prices for indexation, and prior-year references