Taxmann Combo Direct Tax Laws (Income Tax Act, Income Tax Rules , Direct Taxes Ready Reckoner) Set of 3 Books By Vinod K. Singhania Edition March 2025

Income Tax Act Income Tax Rules & Direct Taxes Ready Reckoner

Income Tax Act Income Tax Rules & Direct Taxes Ready Reckoner

Description

The Essentials Combo for Direct Taxes is a collection that represents the pinnacle of comprehensive knowledge, combining three cornerstone texts. This curated set, authored/edited by Taxmann’s Editorial Board and Dr Vinod K. Singhania, features the latest editions of the following:

• Income Tax Act – 70^th Edition | 2025
• Income Tax Rules – 62^nd Edition | 2025
• Direct Taxes Ready Reckoner – 49^th Edition | 2025 | AYs 2025-26 & 2026-27

Amended by the Finance Act 2025 and incorporating updates under the Income-tax (Fifth Amendment) Rules 2025, this Combo addresses every facet of direct taxation—statutory provisions, rule-by-rule guidance, and a handy ready reckoner—making it a one-stop reference

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:

• [Amended & Updated] All three volumes integrate the most recent amendments from the Finance Act 2025. New sections and provisos are merged into the main text, offering the latest version of the law without gaps
• [Comprehensive & Annotated]
• Income Tax Act – Includes legislative history, cross-references, editorial notes, allied acts, validation provisions, and a subject index
• Income Tax Rules – Presents the complete, amended text of the Rules, plus 25+ allied rules/schemes and the latest return forms for AY 2025–26
• Direct Taxes Ready Reckoner – Features practical examples, tax planning hints, break-even tables comparing Old vs. New Tax Regimes, and checklists for compliance under faceless procedures
• [User-friendly Navigation] Logical section-wise arrangement, marginal notes, running headers, and comprehensive indices to quickly locate relevant provisions or topics
• [Faceless Compliance Insights] Step-by-step guidance on e-Assessments, e-Appeals, e-Penalty Schemes, and other digital transformations shaping modern tax practice
• [Zero-error Editorial Approach] Six Sigma-level scrutiny ensures minimal typographical and referencing errors, maintaining a reputation for accuracy
• [Practical Illustrations & Case Studies] Clarifies complex provisions with practical scenarios and solutions to common tax queries
• [Trusted Legacy] Over seventy annual editions of the Income Tax Act, more than forty years of Direct Taxes Ready Reckoner authority, and over sixty editions of the Income Tax Rules—a testament to enduring reliability and expertise

The coverage of each book is as follows:

Income Tax Act

• Division I – Income-tax Act 1961
• Arrangement of Sections – A detailed roadmap of chapters, sections, and schedules
• Full Text of the Amended Act: Incorporates all changes introduced by the Finance Act 2025
• Annotations – Footnotes detailing amendments, effective dates, and cross-references to relevant rules and forms
• Appendices – Extracts from allied statutes (e.g., IPC, Companies Act) and validation provisions
• Subject Index – Facilitates quick lookup by term or section
• Division II – Finance Act 2025
• Full verbatim text explaining legislative intent behind new amendments
• Division III – Securities Transaction Tax (STT)
• Charging provisions, definitions, rates, and procedures related to STT
• Division IV – Commodities Transaction Tax (CTT)
• Comprehensive coverage of charges, rates, and procedures for CTT on commodity derivatives
• Division V – Equalisation Levy
• Scope, definitions, rates, procedures, and the Finance Act 2025 updates ending the levy

Income Tax Rules

• Part I – Core Income-tax Rules 1962
• Full rule text with editorial commentary and references
• Part II – Amendment Guide
• Detailed coverage of all 2024–25 changes, including the Fifth Amendment Rules, 2025
• Part III – Allied Rules & Schemes
• Faceless Assessment/Appeal/Penalty Schemes, STT Rules, CTT Rules, Equalisation Levy Rules, Benami Property Transaction Rules, etc.
• Part IV – Return Forms & Filing
• ITR forms (1 to 7, and ITR-U) for AY 2025–26, with instructions and e-filing guidance
• Part V – Indices & Tables
• Subject index, rule-to-form mapping, and cross-provisions index for quick lookup

Direct Taxes Ready Reckoner

• Study of Direct Taxes
• Covers all heads of income (Salaries, House Property, Business/Profession, Capital Gains, Other Sources)
• Referencer for Amendments
• Summaries of each key change introduced by the Finance Act 2025, with illustrative examples
• Tax Tables & Rates
• Rates for Individuals, HUFs, AOPs, Firms, Domestic/Foreign Companies, Cooperative Societies under both Old and New Tax Regimes
• TDS/TCS rate charts, cost inflation index, and past gold/silver rates for capital gains
• Faceless Proceedings
• Step-by-step procedures, FAQs, and compliance insights on e-Assessments, e-Appeals, and e-Penalties
• Tax Planning & Illustrations
• Hints for maximising deductions/exemptions, with break-even tables comparing Old vs. New Tax Regimes
• Practical case studies simplifying complex laws