Income Tax Act, 1961

This comprehensive edition of the Income Tax Act, 1961 presents India’s central legislation on direct taxation in an accurate, structured, and easy-to-read format. Covering every essential provision—ranging from definitions and income computation to assessment procedures, deductions, exemptions, and tax administration—this volume serves as a complete legal reference for taxpayers and professionals. It includes detailed clauses on TDS, TCS, capital gains, business income, charitable trusts, penalties, prosecution, survey, search and seizure, appeals, revisions, and all related procedural aspects. Updated with the latest amendments, this book reflects the most current legislative framework, making it indispensable for practical compliance, academic study, and professional advisory work. It provides clarity on the powers and functions of tax authorities, rules for filing returns, audit requirements, and mechanisms for dispute resolution. Whether used by practitioners or students, the structured layout, marginal notes, and careful presentation ensure quick navigation and precise understanding. This authoritative Bare Act is ideal for CA aspirants, tax consultants, accountants, business owners, and legal professionals seeking a dependable guide to India’s income-tax regime.