The Income-tax Act 2025 replaces the 1961 Act completely โ sections are renumbered beyond 530, exemptions from Section 10 are spread across new Schedules, text is converted into tables and the 'tax year' replaces the previous year and assessment year. This Taxmann book shows exactly how the two laws relate through a word-for-word, two-column comparison aligned down to each sub-section, clause, proviso and explanation.
Change mark-up makes every deletion, modification and insertion visible at a glance. Updated for the Finance Act 2026, the 2nd Edition (2026) covers the full operative text of both Acts, with a two-way cross-mapping index and a separate compilation of provisions of the 2025 Act that have no counterpart in the 1961 Act. An essential transition reference for chartered accountants, tax advocates, corporate tax teams and income tax officers. Paperback, 1,832 pages.
