Taxmann’s Direct Taxes Law & Practice – Professional Edition (As per Income Tax Act, 2025) by Vinod K Singhania – August 2026.

The introduction of the Income-tax Act 2025 (effective April 1, 2026) represents a seismic shift for Indian tax professionals. Direct Taxes Law & Practice (Professional Edition, 74th Edition) is built explicitly to manage this transition. Authored by the legendary Dr. Vinod K. Singhania and Dr. Kapil Singhania, this 1,800-page flagship treatise has been comprehensively rewritten rather than just renumbered. It is designed to serve as the single work a practitioner turns to when a complex tax question spanning both statutes must be answered correctly, promptly, and with absolute authority.

Mastering the Transition: The Cross-Referencer

A practitioner accustomed to reasoning in terms of Section 80C, 139, or 143(3) cannot afford to slow down. This treatise bridges the gap:

• Bracketed Antecedents: Wherever a provision of the new 2025 Act has an antecedent in the 1961 Act, the discussion carries that old section number in brackets—across headings, tables, and case studies.

• Bi-Directional Mapping: An exhaustive referencer maps every provision of the 1961 Act to its 2025 counterpart, and vice versa. It directs you strictly to paragraph numbers (not pages), landing you exactly on the required discussion.

• Straddling Proceedings: Addresses the crucial CBDT memorandums on how to handle pending proceedings, expired limitations, and past orders that straddle the two statutes.

Practical Case Studies & Tax Planning

Theoretical knowledge is insufficient for corporate tax advisory. The authors focus heavily on real-world application:

• 600+ Worked Case Studies: Complex problems are worked through to a labelled solution accompanied by a full computation table.

• Strategic Tax Planning: Distinguishes between legitimate tax planning, avoidance, and evasion, tracing leading authorities upon the limits of legitimate arrangement.

• Proportional Focus: The allocation of space reflects practical reality. Profits and gains of business (PGBP) occupies 251 pages, Capital Gains 118 pages, and Transfer Pricing receives intense, specialized focus.

Who Should Buy This Book?

• Practising Chartered Accountants & CS: The ultimate desk reference for handling complex return filings, tax audits, MAT/AMT credit transitions, and unabsorbed depreciation.

• Advocates & Tax Counsel: Essential for arguing transitional disputes before the CIT(A), Appellate Tribunals, High Courts, and the Supreme Court.

• Corporate CFOs & In-House Tax Teams: Critical for restructuring groups, managing withholding obligations, and executing the new Foreign Assets Disclosure Scheme 2026.

• International Tax Specialists: Dedicated guidance on APAs, safe harbor rules, thin capitalization, and non-resident taxation under the new Act.

About the Authors

Dr. Vinod K. Singhania

Dr. Vinod K. Singhania holds a PhD from the Delhi School of Economics (1976) and is unequivocally one of India’s foremost authorities on direct tax law. Over a five-decade career, he has shaped how generations of professionals apply Indian income tax law. With over 300 research articles and 800+ seminar appearances worldwide, his work is defined by a commitment to making complex tax law accessible and immediately actionable.

Dr. Kapil Singhania

Dr. Kapil Singhania is a distinguished Fellow of the Institute of Chartered Accountants of India (ICAI) and an esteemed alumnus of Shri Ram College of Commerce (SRCC). Earning his PhD in 2003, his expertise centers on corporate laws, direct/indirect taxation, and high-level tax consultancy for multinational corporations and public sector companies.

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