Income Tax Rules 2025 by Taxmann – 62nd Edition 2025

This book is a comprehensive, updated, and annotated text of the Income-tax Rules, 1962, incorporating all amendments. It includes 25+ allied rules, schemes, and return forms for the Assessment Year 2025-26.

This book is intended for the following audience:

• Tax Professionals & Chartered Accountants – A ready reference to the latest Income-tax rules, return forms, allied schemes, and compliance pointers
• Corporate & In-house Legal/Tax Teams – Streamlined guidance on newly amended procedures, faceless schemes, e-Verification, and other e-governance provisions
• Government Officials & Policy Framers – Authoritative text of the amended rules, vital for administrative clarity and policy-making
• Academics & Researchers – Thorough analysis of legislative evolution for higher studies and research into Indian direct taxes

The Present Publication is the 62^nd Edition | 2025, and all available amendments notified up to the Income-tax (Fifth Amendment) Rules, 2025, have been incorporated. This book is edited/authored by Taxmann’s Editorial Board, with the following noteworthy features:

• [Complete & Updated] Covers the amended, updated, and annotated text of the Income-tax Rules, 1962, including the latest amendments made by the Fifth Amendment Rules, 2025
• [25+ Allied Rules, Schemes & Return Forms] Consolidates all rules/schemes relevant to direct tax law (e.g., STT, CTT, ICDS, Benami Rules, Faceless Schemes, etc.) Includes new & revised return forms for AY 2025-26
• [Comprehensive Guide to Amendments (2024–25)] Details every insertion, substitution, omission, or modification in the Income-tax Rules, ensuring no compliance gaps
• [Annotated & Cross-referenced] Editorial notes, relevant judicial rulings, circulars, and references to the Income-tax Act for in-depth understanding
• [Zero-error Approach] Six Sigma methodology ensures minimal typographical or cross-referencing errors

The coverage of the book is as follows:

• Income-tax Rules, 1962
  • Full, amended text with footnotes linking allied laws, notifications, and relevant case laws
• Allied Rules & Schemes
  • Income Computation and Disclosure Standards (ICDS)
  • Faceless Assessment/Appeal/Penalty Schemes
  • Securities Transaction Tax Rules, Commodities Transaction Tax Rules, Equalisation Levy Rules
  • Benami Property Transaction Rules
  • Centralised Verification & Processing Schemes
  • e-Verification, e-Dispute Resolution, e-Advance Rulings, etc.
• Return Forms for AY 2025-26
  • ITR forms (ITR-1 to ITR-7, ITR-U, etc.), with instructions for e-filing and relevant action points
• Noteworthy Judgments & CBDT Circulars
  • Summaries of landmark judicial decisions interpreting rule nuances.
  • Key circulars clarifying departmental approach
• Supporting Provisions & Appendices
  • Additional chapters covering obligations under TDS/TCS rules, statements, and compliance procedures

The structure of the book is as follows:

• Part I | Core Income-tax Rules – Full rule text, editorial commentary, references
• Part II | Amendment Guide – In-depth coverage of each 2024-25 change to rules/forms
• Part III | Allied Rules & Schemes – Faceless frameworks, e-Assessments, STT/CTT, Equalisation Levy, etc.
• Part IV | Return Forms & Filing – All AY 2025-26 forms with instructions & filing workflow
• Part V | Indices & Tables – Subject index, rule-to-form mapping, cross-provisions index for quick look-ups