The law stated in this book is as amended by the Finance Act, 2025. Even the last minute changes in the law have been incorporated and it is, therefore, the latest and most update book on the subject. The entire text is arranged in a logical sequence and contains all important judicial pronouncements as well as the rules, circulars, notifications, etc., which are issued by the Department from time to time. The latest important case laws as well as the Departmental instructions issued have been included. Another unique feature of this book is that it provides very useful tips for tax planning which will be of immense use for the readers. To facilitate easy reference, a consolidated table of cases, section-wise referencer, list of rules and list of circulars referred to in the book have been provided. The book will be found useful by chartered accountants, company secretaries, advocates, tax consultants, income-tax practitioners, officials of the revenue department, corporate tax executives and by everyone dealing with direct taxes.