COMMENTARY COMBO for Direct Taxes – Master Guide to Income Tax Act 2025 and Rules 2025 & Direct Taxes Law & Practice | Finance Act 2025 | IT (5th Amdt.) Rules 2025 | Set of 3 Books – by Vinod K. Singhania, Kapil Singhania

The COMMENTARY COMBO – II for Direct Taxes is a meticulously curated set of three authoritative books that offer an all-encompassing exploration of India’s direct tax regime. Updated to incorporate amendments introduced by the Finance Act 2025 and the Income-tax (Fifth Amendment) Rules 2025, these books are designed to serve as definitive references. Each volume in this Combo addresses a different dimension of direct taxation:

• Master Guide to Income Tax Act
• Master Guide to Income Tax Rules
• Direct Taxes Law & Practice – Professional Edition

Collectively, they provide:

• Thorough legal commentary and rule-wise analysis
• Practical illustrations and examples
• Landmark judicial rulings and relevant circulars/notifications
• Comprehensive coverage of compliance requirements, procedural aspects, and strategic tax planning

This Combo is intended for the following audience:

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

The key features of the Combo are as follows:

• [Complete & Current] It encompasses all amendments introduced by the Finance Act 2025 and the Income-tax (Fifth Amendment) Rules 2025. Also, it reflects the latest notifications, circulars, case laws, and relevant policy directives
• [Authoritative Commentary] It delivers expert guidance from renowned authors and Taxmann’s Editorial Board, ensuring reliability and practical applicability. It also includes step-by-step explanations, practical examples, and an in-depth discussion of key legal amendments
• [Historical & Contemporary Insights] It showcases significant judicial rulings from as early as 1922, mapping the evolution of income tax law. This provides a robust understanding of the historical context as well as the most recent legal interpretations
• [User-friendly Format & Navigation] It includes a logical segmentation with chapter-wise detailing. Tables, charts, and cross-references are included for quick lookups and structured reading. Lastly, thorough indexing, footnotes, and endnotes guide readers to primary statutory sources
• [Practical Tools & Illustrations] It contains 600+ illustrations, examples, checklists, TDS/TCS tables, and ready references, which simplifies complex topics like transfer pricing, new presumptive taxation for non-residents, and GAAR provisions
• [Comprehensive Coverage] Addresses every facet of direct taxes: from basic concepts, heads of income, and deductions to advanced issues like business restructuring, international taxation, and anti-avoidance

The coverage of each book is as follows:

• Master Guide to Income Tax Act
  • Finance Act 2025 Amendments
    • Tax rates, deductions, and changes to TDS/TCS
    • New presumptive tax scheme for non-residents under Section 44BBD
    • Extended provisions for charitable trusts, widened definitions for Virtual Digital Assets, and updates to search & seizure
  • Comprehensive Analysis & Case Laws
    • Landmark rulings (1922–Feb 2025) from the Supreme Court/High Courts
    • Government notifications and CBDT circulars
  • Detailed Divisions
    • Division One – Commentary on amendments introduced by the Finance Act 2025
    • Division Two – TDS & TCS tables for quick reference
    • Division Three – Circulars, clarifications & notifications (1961–Feb 2025)
    • Division Four – Landmark judicial rulings (1922–Feb 2025)
• Master Guide to Income Tax Rules
  • Rule-by-rule Analysis
    • Covers the Income-tax Rules, 1962, from Rule 2A to Rule 134
    • Detailed commentary, operative circulars, notifications, relevant judicial precedents
  • Valuation & Compliance
    • Valuation of perquisites, depreciation, capital gains, and record-keeping
    • TDS/TCS procedures, forms, certificates, and statements
  • Special Provisions & Schemes
    • Transfer pricing, GAAR, infrastructure debt funds, charitable institutions, etc.
  • Annexures & Cross-Referencing
    • Texts of related circulars, notifications, and forms
    • Legislative background, purpose, and real-world application explained with examples
• Direct Taxes Law & Practice – Professional Edition
  • Comprehensive & Lucid Presentation
    • Explains direct tax provisions for AYs 2025-26 & 2026-27 through 600+ illustrations and case studies
  • Focus on New Tax Regimes & Tax Planning
    • Covers the practical impact of the new tax regime (Section 115BAC), including strategies and planning avenues
    • Discusses MAT (Minimum Alternate Tax), Transfer Pricing, Business Restructuring, GAAR, etc.
  • Step-by-step Procedures
    • Covers assessments, appeals, revisions, penalties, and prosecutions
    • Includes frequently asked questions (FAQs) to resolve common queries

The structure of the Combo is as follows:

• Logical Segmentation – Each book is divided into structured parts/divisions to handle specific areas of the law (e.g., commentary on recent amendments, TDS/TCS, notifications, or heads of income)
• Chapter-wise Detailing
  • Chapters progress from foundational concepts like definitions and scope of income to advanced topics like search & seizure, Transfer Pricing, and GAAR
  • Para-wise commentary and cross-referencing to relevant circulars, notifications, or sections
• Illustrations & Examples
  • Step-by-step computations for undisclosed income, presumptive schemes, or block assessments
  • Practical illustrations clarify complex theoretical provisions
• Cross-references & Indexing
  • Extensive cross-references to help locate discussions in all three volumes
  • Comprehensive indexing for quick lookups, making it equally suitable for daily use and deep research
• Annexures & FAQs
  • Contains statutory references, forms, and schedules
  • Provides frequently asked questions for quick clarity on common issues