Direct Taxes Manual Set of 3 Volumes

Direct Taxes Manual is the most exhaustive statutory reference compilation in Indian direct taxation—a work that has maintained its position as the authoritative practitioner’s desk set for 56 consecutive annual editions. The 2026 Edition arrives at the most consequential juncture in post-independence Indian tax history: the full transition from the Income-tax Act 1961 to the Income-tax Act 2025 (Act No. 30 of 2025).

Volume 1 presents the ITA 2025—a restructured, 536-section, 23-chapter statute with 15 Schedules—as its primary legislative text, fully amended by the Finance Act 2026. The 1961 Act has been preserved in the fabric of this Edition through the most elaborate bi-directional cross-reference architecture—mapping every section, every rule, and every form between the two regimes. The Finance Act 2026 is reproduced in full and amends both the Income-tax Act 1961 (for the assessment year commencing 1 April 2026) and the Income-tax Act 2025 (for the tax year commencing 1 April 2026 onwards)—a dual-regime enactment. Volume 2 reproduces the Income-tax Rules 2026 (the new procedural code, incorporating G.S.R. No. 198(E) dated 20 March 2026) alongside 27 additional divisions of subordinate legislation, procedural schemes, and tax administration frameworks. Volume 3 compiles over a century of judicial precedent (1922–February 2026), six decades of CBDT administrative guidance (1961–February 2026), and a comprehensive lexicon of judicially interpreted statutory terms—all re-indexed section-by-section against the Income-tax Act 2025.