The Direct Taxes Manual is the most authoritative reference in direct taxation, setting the highest standards for accuracy, depth, and comprehensive coverage. Trusted for over fifty years by tax professionals, legal practitioners, and revenue officers across India, this three-volume set offers an all-encompassing compilation of Acts, Rules, Landmark Rulings, and more. It features detailed annotations, legislative history, and practical tools.
Description
The Direct Taxes Manual is acknowledged as the benchmark for excellence in direct taxation, setting the highest standards for accuracy, depth, and comprehensive coverage.
This manual has been the preferred publication for tax professionals, legal practitioners, and revenue officers across India for over fifty years. Its reputation as the most authoritative guide in direct taxation is built on Taxmann’s unwavering commitment to delivering precision and clarity in every edition. Celebrated for its systematic approach, the manual provides a structured and in-depth understanding of direct tax laws.
What distinguishes the Direct Taxes Manual is its exhaustive and up-to-date content, unmatched in scope and reliability. This three-volume set is designed to be a one-stop resource, providing an all-encompassing compilation of:
- Acts
- Rules
- Landmark Rulings
- Direct Taxes Law Lexicon
- Circulars, Clarifications & Notifications
- Schemes
- Return Forms
- Other Rules/Schemes
This book incorporates all the changes made by the following:
- Volume One | Acts – Amended by the Finance Act, 2024 and Finance (No. 2) Act, 2024
- Volume Two | Rules – Incorporating all Available Amendments Notified up to Income Tax (Sixth Amendment) Rules, 2024 and Return Forms for A.Y. 2024-25
- Volume Three | Landmark Rulings, Direct Taxes Law Lexicon, Circulars, Clarifications & Notifications, Schemes – Amended up to July 2024
The Present Publication is the 54th Edition, edited by Taxmann’s Editorial Board, with the following volume-wise noteworthy features:
- Volume One | Acts
- [Detailed Annotations and Practical Tools] Each section is accompanied by extensive annotations that provide:
- Relevant Rules & Forms applicable to that section
- Key Circulars & Notifications issued by the government, which are essential for interpretation and application
- Dates of Enforcement for specific provisions, enabling readers to understand the chronological application of the law
- Cross-references to Allied Laws, which are crucial for a holistic understanding of the legal context in which the Income-tax Act operates
- [Historical Context and Legislative Evolution]Â The book includes a detailed history of amendments to the Income-tax Act since 1961, providing insights into the evolution of the Income-tax Act. This feature helps understand the legislative intent and historical developments behind current provisions
- [User-Friendly Design and Accessibility] The book is designed with user convenience in mind. Section numbers are prominently printed in folios, enabling readers to navigate the text swiftly. The comprehensive Table of Contents further enhances the ease of access
- [Detailed Annotations and Practical Tools] Each section is accompanied by extensive annotations that provide:
- Volume Two | Rules
- [Comprehensive Guide to Amendments] In-depth coverage of all amendments made to the Income-tax Rules in 2023-2024
- [Coverage] Includes
- Rules & Schemes which are either notified or referenced under the Income-tax Act, 1961
- ICDS & Faceless Schemes
- STT, CTT & EL
- Income-tax Return Forms for Assessment Year 2024-25
- [Practical Tools]
- Action Points for Forms with clear explanations of relevant provisions and step-by-step filing processes for each form
- Quick Identification of redundant forms and e-forms, enhancing filing efficiency
- Volume Three | Landmark Rulings, Direct Taxes Law Lexicon, Circulars, Clarifications & Notifications, Schemes
- [20+ Schemes] under the Income-tax Act are covered
- [Words & Phrases] with:
- Section Key & Alphabetical Index – Judicially defined terms are organized by section and alphabetically, providing quick access to precise legal interpretations
- [Circulars & Notifications (1961 – June 2024)] Summaries of all significant government circulars and notifications, ensuring up-to-date awareness of regulatory practices
- [Case Laws (1922 – June 2024)] A digest of landmark rulings by the Supreme Court and High Courts, highlighting key legal principles and their impact on the Income-tax Act
Taxmann’s Editorial Board
At the heart of Taxmann Publications lies the Research & Editorial Team, established from a cadre of Chartered Accountants, Company Secretaries, and Lawyers. This group, operating under the guidance of Editor-In-Chief Mr Rakesh Bhargava, is the cornerstone of Taxmann’s commitment to delivering unparalleled content accuracy and reliability.
The team’s mission is anchored in the principles of the Six Sigma methodology, with a steadfast goal of eradicating errors and upholding the highest standards of excellence in all publications and research outputs. Their rigorous content development process is informed by core guidelines, ensuring every piece of work is authoritative and insightful. These guidelines include:
- Sourcing – All statutory materials are derived exclusively from authorized and credible sources, guaranteeing the integrity of the information provided
- Current Awareness – The team prioritizes keeping readers well-informed of the latest judicial and legislative developments, ensuring content is both timely and relevant
- Analytical Insights – Special emphasis is placed on crafting analytical pieces on topical, contentious, and impactful issues, aiding readers in comprehensively understanding the nuances and implications of recent events
- Clarity and Accuracy – Taxmann pledges that every publication is thorough, precise, and articulated with clarity, serving as a reliable reference for complex subjects
- Evidence-based Referencing – Assertions and analyses are meticulously backed with references to relevant sections, circulars, notifications, or citations, enhancing the content’s credibility
- Quality and Consistency – Adherence to the golden rules of grammar, style, and consistency is non-negotiable, ensuring a seamless and engaging reading experience
- Accessibility – The choice of font and size across all print and digital mediums is dictated by legibility and consistency, making information accessible to all readers
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