Direct Taxes Law & Practice As Amended by Finance Act, 2025

This 17th Edition (2025) of Direct Taxes – Law & Practice (Professional Edition) by Dr. Girish Ahuja and Dr. Ravi Gupta provides an in-depth and authoritative treatment of the law relating to direct taxes in India, including practical aspects of tax planning. Fully updated and amended by the Finance Act, 2025, it serves as a comprehensive reference for tax practitioners, academicians, corporate professionals, and students of advanced taxation.

The book presents direct tax provisions in a clear, systematic, and analytical manner, integrating statutory provisions, CBDT circulars, judicial decisions, and practical illustrations. Its professional edition format makes it an indispensable tool for advanced learning and day-to-day professional application.

The content spans the full scope of direct taxes, including:

• Complete coverage of the Income Tax Act, 1961, as amended by the Finance Act, 2025

• Detailed discussion on computation of income under each head

• Provisions relating to deductions, exemptions, and incentives under special provisions

• Taxation of individuals, HUFs, firms, LLPs, companies, and non-residents

• Provisions for set-off and carry forward of losses

• Minimum Alternate Tax (MAT) and Alternate Minimum Tax (AMT)

• International taxation, transfer pricing, and DTAA provisions

• TDS/TCS, advance tax, interest, penalties, and recovery mechanisms

• Assessment, reassessment, appeals, revisions, and settlement provisions

• Comprehensive tax planning strategies for various categories of taxpayers

• Capital gains tax planning and corporate restructuring provisions

• Important CBDT circulars, notifications, and landmark judicial decisions

• Ready-reference tables, charts, and compliance checklists for professional use

This edition is particularly suitable for:

• Chartered accountants, tax consultants, and legal practitioners in taxation

• Corporate finance managers and compliance officers

• Advanced students of CA, CS, CMA, and LLM (Taxation) courses

• Academicians and trainers specialising in taxation law and practice

Whether used for professional advisory, academic study, or corporate tax management, this updated edition delivers a complete, authoritative, and practical understanding of direct tax law and tax planning in India.