Income Tax Act, 1961 (Pocket Edition)

This 14th Edition (2025) – Pocket Edition of Income Tax Act, edited by Dr. Girish Ahuja and Dr. Ravi Gupta, incorporates all amendments introduced by the Finance Act, 2025 (Act 7 of 2025, dated 29-3-2025) along with relevant judicial decisions and CBDT circulars. Compact and portable, it serves as a convenient yet comprehensive legal reference for tax practitioners, students, and professionals on the go.

The book presents the complete statutory text of the Income Tax Act, 1961, as amended, arranged systematically for quick reference. Its handy format makes it ideal for carrying to classrooms, offices, courtrooms, and client meetings while still retaining the accuracy and completeness of the full-sized edition.

The content spans the full scope of the Income Tax Act, including:

• Preliminary provisions, definitions, and scope of total income

• Residential status and tax incidence

• Heads of income – salaries, house property, business or profession, capital gains, and other sources

• Deductions under Chapter VI-A and incentives under special provisions

• Provisions relating to set-off and carry forward of losses

• Clubbing of income, aggregation, and computation rules

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

• Special provisions for international taxation and transfer pricing

• Filing of returns, assessments, reassessments, and appeals

• Penalties, prosecutions, and recovery procedures

• TDS/TCS provisions and advance tax requirements

• Surcharge, cess, rebates, and exemptions applicable for FY 2025–26

• Relevant judicial decisions and CBDT circulars for practical interpretation

This edition is particularly suitable for:

• Chartered accountants, tax consultants, and advocates practising in taxation

• Law and commerce students preparing for professional examinations

• Corporate tax managers ensuring compliance with the latest provisions

• Academicians and researchers in taxation and fiscal policy

Whether used in academic preparation, professional practice, or fieldwork, this pocket edition delivers the full legislative authority of the Income Tax Act, 1961, in a compact and accessible form.