Decoding the New Income Tax Act 2025 — Transition, Compliance & Practice (Ebook)

Instant download. PDF. Delivered to your email the moment your order is confirmed. A comprehensive practical reference on the new direct tax framework — built for chartered accountants, tax practitioners, corporate legal teams, and finance professionals navigating the statutory transition. 2026 September Edition by Taxscan Edutech Publication. What's inside 45 Professionally Curated Chapters — Structured analysis covering procedural, computational, and compliance transitions under the new Act. Old vs New Law Comparison — Mapping tables and comparative breakdowns highlighting major structural shifts from the 1961 Act. Verified Statutory Provisions & Practical Applications — Real-world application rules, legal interpretations, and practical operational guidance. Chapter Highlights, FAQs & Compliance Checklists — Quick-reference summaries, practical FAQs, and actionable checklists for day-to-day practice. Clickable Index — Fully linked interactive navigation for immediate access to specific sections and topics. Index & Chapter Structure TRANSITION AND FRAMEWORK Chapter 1: The New Income Tax Act, 2025: Transition from 1 April 2026 Chapter 2: The Tax Year: Replacing the Assessment-Year Vocabulary Chapter 3: Kar Setu: Navigating the Transition to the 2025 Act Chapter 4: Continuity of Tax Benefits and Lower or Nil TDS Certificates FORMS, RETURNS AND REPORTING Chapter 5: Two ITRs During Transition? Understanding the Filing Position Chapter 6: Income-tax Forms 2026: An Old-to-New Mapping Guide Chapter 7: Form 1 under the Income Tax Rules, 2026 Chapter 8: From Form 26AS to Form 168: The New Annual Information Statement Chapter 9: Meal Benefits, Return Filing and PAN: Key Compliance Changes BUSINESS AND PRESUMPTIVE TAXATION Chapter 10: Presumptive Taxation under Section 58 Chapter 11: Section 58 and Section 44AD: What Changes for Small Businesses? Chapter 12: Low-Profit Declarations and the Expanded Audit Question TAX AUDIT Chapter 13: Section 63: When a Low-Profit Declaration Mandates Audit Chapter 14: Tax Audit Thresholds: Who Is Covered and Who Is Not? Chapter 15: Form 26: Replacing Forms 3CA, 3CB and 3CD Chapter 16: Form 32: Audit Reports Supporting Specified Deductions INDIVIDUALS, SALARY AND RELIEF Chapter 17: House Rent Allowance under the 1961 and 2025 Acts Chapter 18: Special Allowances: Exemption and Taxability Chapter 19: Nineteen Changes Affecting Salaried Taxpayers and Investors Chapter 20: Senior Citizens under the New Income-tax Framework Chapter 21: Disability Pension Exemption for Armed Forces Personnel Chapter 22: Surcharge, Rebate and Marginal Relief CAPITAL GAINS, GIFTS AND DIGITAL ASSETS Chapter 23: Capital Gains: Key Changes and Exemption Rules Chapter 24: Capital Gains for Home Buyers: Section 54F and Section 86 Chapter 25: Slump Sale Taxation: Section 58B and Section 77 Chapter 26: Gift Taxation under the 1961 and 2025 Acts Chapter 27: Tax-free Gifts and the Meaning of Relative Chapter 28: Virtual Digital Assets: Taxation and Compliance TDS AND TCS Chapter 29: TDS Compliance under the Income Tax Act, 2025 Chapter 30: Specified Person and Designated Person in TDS Compliance Chapter 31: Form 143: The New Quarterly TCS Statement DEDUCTIONS Chapter 32: Deductions: Computation, Regime Choice and Procedure Chapter 33: Additional Employee Cost: Deduction and Form 34 INTERNATIONAL TAXATION Chapter 34: International Taxation under the 2025 Act Chapter 35: Non-residents Carrying on Business in India Chapter 36: From Form 10F to Form 41: Treaty-benefit Documentation Chapter 37: Double Taxation Relief: Treaties and Procedure Chapter 38: Transfer Pricing: The New Statutory Architecture Chapter 39: Buying Property from a Non-resident: Compliance Essentials ASSESSMENT, SEARCH, PENALTY AND APPEALS Chapter 40: Assessments and Limitation Periods Chapter 41: Search and Seizure: Powers and Safeguards Chapter 42: Digital Privacy and Income-tax Search Powers Chapter 43: The Opportunity of Being Heard in Penalty Proceedings Chapter 44: Appeals before the CIT(A): Form 99, Deadlines and Preconditions CHARITABLE ORGANISATIONS & APPENDICES Chapter 45: Registered Non-profit Organisations under the 2025 Act Appendix A: Official Materials and Editorial Method Appendix B: Statutory Companion Appendix C: Income Tax Forms 2026 Catalogue Appendix D: Consolidated Practice Toolkit Source Reference Index Prepared as a working reference. 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