Taxmann Commentary Combo Master Guide to Income Tax Act and Rules & Direct Taxes Ready Reckoner By Vinod K. Singhania Edition March 2025

Taxmann Combo for Direct Taxes By Vinod K. Singhania

Taxmann Combo for Direct Taxes By Vinod K. Singhania

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