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 54^th 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] 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
• 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