Bharat Direct Taxes Manual (Set of 3 Volumes) Edition April 2025

Direct Taxes Manual is available as a set of 3 volumes. It contains the following:

Volume 1: Volume 1 contains the Income-tax Act, 1961 and other allied Acts on the subject. It is referred and relied upon for its accuracy and authenticity. The book provides annotations to the periodic statutory amendments reproducing the existing provisions and the provisions as existed prior to the amendments, thus helping the reader to refer to it not only for the current assessment year and the financial year but even years prior thereto. Bharat’s Income Tax Act is unique in several ways, containing information that is exclusively available therein. It is known for the Gist of Departmental Views under each section that embody the CBDT’s views on the interpretation and understanding of the legislative provisions. The ratio decidendi of recent landmark Supreme Court Rulings under the relevant section is another hallmark for which it is widely appreciated.

Volume 2: Volume 2 contains the text of Income-tax Rules, 1962. The Income-tax Rules, 1962 gives annotations to the periodic amendments reproducing the existing provisions and the provisions as existed prior to the amendments, thus helping the reader to refer to it not only for the current assessment year and the financial year but even years prior thereto. The footnotes also contain references to important judicial pronouncements, relevant circulars and notifications. Procedural Tips at the end of the Forms give the Filling and Filing requirements thereto. The Income Tax Rules also contains several allied Rules, Faceless Schemes and e-Schemes including the Faceless Assessment, Appeal and Penalty Schemes. It also contains the Income Computation and Disclosure Standards (ICDS) add greater utility to the publication.

Volume 3: This Volume contains very useful information for the professionals. There are separate divisions on Interpretation of taxing statutes, general principles of interpretation; Words & Phrases under Direct Taxes; gist of Supreme Court & High Court decisions; CBDT circulars and government notifications which will be very helpful to the readers. An important value addition is the extracts of the Allied Laws referred to in Direct Taxes Acts/Rules. It provides statutory provisions of more than 80 legislations referred to in the Income-tax Act.