DIRECT TAX LAW & PRACTICE BY GIRISH AHUJA & RAVI GUPTA BY FINANCE ACT 2025 -UPDATED APRIL 2025 AND E-BOOK DOWNLODING FREE
Get the “Direct Tax Law & Practice,” 17th edition (2025) by Dr. Girish Ahuja and Dr. Ravi Gupta. This extensive 2640-page guide, published by Commercial Law Publishers, provides a thorough understanding of direct tax laws and practices. Now available with a flat 30% discount for a limited period and free shipping. Order your copy today using ISBN 9789356036505 to stay updated with the latest tax regulations.
About the Book
This book is prepared to cater to the needs of professionals to have a book helping them to understand the amendments made by the annual Finance Act in the right perspective. It is further enriched by ‘Important Recent Judicial Decisions’ and “GIST of CBDT Circulars and Government Notifications’.
The main features of this book are:
• It is user-friendly and provides information in a concise manner.
• It is a comprehensive and critical study of the law relating to income-tax.
• Even the last minute changes in the law have been incorporated in the book and it is, therefore, the latest and most upto-date book for the Assessment Years 2025-2026 & 2026-2027. The amendments made by the Finance Act, 2025 have been incorporated at appropriate places in the book. The Highlights of Amendments made by the Finance Act, 2025 have also been given.
• All important case-laws and circulars/notifications reported till date have been incorporated.
About the Authors
Dr. GIRISH AHUJA did his graduation and post graduation from Shri Ram College of Commerce, Delhi and was a position holder. He was awarded a Ph.D. degree by Faculty of Management Studies (FMS), Delhi University. He is a Fellow of the Institute of Chartered Accountant of India (ICAI) and was a rank holder of both Intermediate and Final examinations of the Institute. He had been nominated by the Government of India as a member of the Task Force for redrafting the Income-tax Act and New Income-tax Law. He is also on the Board of Directors of many reputed companies and has a vast and rich experience in the field of finance and taxation. He has been nominated by the Government as member of Board of Directors of UNITECH LTD with the approval of the Supreme Court and was also been nominated by the Govt. of India as Independent Director of the Central Board of State Bank of India. Dr. Ahuja is a author of various books on Direct Taxation and he has addressed more than 5000 seminars organized by the ICAI, ICSI, ICWAI, Chambers of Commerce.
Dr. RAVI GUPTA did his graduation and post-graduation from Shri Ram College of Commerce. Thereafter, he did LL.B. from Delhi University and MBA (Finance) from Faculty of Management Studies, Delhi. He has been awarded a Ph.D. degree in International Finance by the Delhi University. He had been a faculty member at Shri Ram College of Commerce (Delhi University). He is an advocate and leading consultant at Delhi NCR and also has vast practical experience in handling tax matters of trade and industry. He had been appointed by the Government of India as a member of the Committee consututed for Simplification of Income Tax Act. He is also a Central Council member of ICAI (Government of India Nominee) and on the Board of various reputed companies. He is a co-author of various books on Income-tax. He has addressed more than 3000 seminars on Direct Taxes organized by ICAI, Chambers of Commerce, Universities, etc
Contents at a Glance Page
Preface to the Seventeenth Edition v
Detailed Contents ix
Sectionwise Referencer xlxiii
Highlights of Amendments brought in the Income-Tax Act by The Finance (No.2) Act, 2025 lxxv
Table of Cases cxxi
Important Recent Judicial Decisions A-1
GIST of CBDT Circulars & Government Notifications of Past Eleven Years B-1
Part I: Direct Tax Laws
Chapter Topic Page
Chapter 1 Introduction [Sections 1 to 4] 3
Chapter 2 Scope of Total Income and Residential Status [Sections 5 to 9B] 40
Chapter 3 Incomes which do not Form Part of Total Income [Sections 10, 10AA and 11 to 13B] 95
Chapter 4 Computation of Total Income [Sections 14 & 14A] & Income under the Head “Salaries” [Sections 15 to 17] 142
Chapter 5 Income under the Head “Income from House Property” [Sections 22 to 27] 208
Chapter 6 Income under the Head “Profits and Gains of Business or Profession” [Sections 28 to 44DB] 236
Chapter 7 Income under the Head “Capital Gains” [Sections 45 to 55A] 454
Chapter 8 Income under the Head “Income from Other Sources” [Sections 56 to 59] 666
Chapter 9 Income of Other Persons Included in Assessee’s Total Income (Clubbing of Income) [Sections 60 to 65] 705
Chapter 10 Unexplained Cash Credits, Investments, Money, etc. [Sections 68 to 69D] 720
Chapter 11 Set off or Carry Forward and Set off of Losses [Sections 70 to 80] 733
Chapter 12 Deductions to be Made in Computing Total Income [Sections 80A to 80U (Chapter VIA)] 773
Chapter 13 Agricultural Income and Its Tax Treatment [Sections 2(1A) and 10(1)] 839
Chapter 14 Assessment of Individuals 51
Chapter 15 Assessment of Hindu Undivided Family 874
Chapter 16 Assessment of Firms (including LLP) 891
Chapter 17 Assessment of Association of Persons 911
Chapter 18 Assessment of Co-operative Societies 921
Chapter 19 Assessment of Trusts [Sections 11 to 13] 934
Chapter 20 Taxation of Mutual Associations 1011
Chapter 21 Assessment of Companies 1020
Chapter 22 Tonnage Tax Scheme 1066
Chapter 23 Return of Income and Procedure of Assessment [Sections 139 to 154] 1083
Chapter 24 Search, Seizure & Survey and Special Procedure for Assessment of Search Cases [Sections 132, 132A, 132B, 133A, 153A to 153D] 1173
Chapter 25 Deduction and Collection of Tax at Source [Sections 190 to 206CA, i.e., Chapters XVIIA, XVIIB & XVIIBB] 1204
Chapter 26 Advance Payment of Tax [Sections 207-211, 218 & 219] 1436/td>
Chapter 27 Interest and Fee Payable [Sections 201(1A), 220(2), 234A, 234B, 234C, 234D, 234E, 234F, 234G,234H & 244A] 1447
Chapter 28 Refunds [Sections 237 to 241 & 245] 1471
Chapter 29 Appeals and Revision [Sections 246 to 264] 1478
Chapter 30 Penalties and Prosecutions 1524
Chapter 31 Dispute Resolution Committee in Certain Cases [Section 245MA] 1570
Chapter 32 Income Tax Authorities [Sections 116 to 119] 1576
Chapter 33 Business Reorganisation 1595
Chapter 34 Concepts of Tax-planning and Specific Management Decisions 1625
Chapter 35 Specified Domestic Transactions and Provision of Transfer Pricing Applicable to Such Transactions [Chapter X, Sections 92BA, 92, 92C, 92D, 92E & 92F] 1631
Chapter 36 Liability in Special Cases [Chapter XV, Sections 159 to 179] 1641
Chapter 37 Collection and Recovery of Tax [Sections 220 to 232] 1666
Chapter 38 Miscellaneous Provisions 1679
Part II: International Taxation
Chapter Topic Page
Chapter 1 Taxation of Non-Residents with Special Reference to Chapters XII and XIIA of Income-tax Act 1737
Chapter 2 Double Taxation Relief [Sections 90, 90A and 91] 1772
Chapter 3 Special Provisions Relating to Avoidance of Tax and General Anti-Avoidance Rules (GAAR) (Transfer Pricing Provisions for International Transactions and Other Provisions relating to Avoidance of Tax) [Chapter X, Sections 92 to 92F, 93, 94A, 94B and 95 to 102] 1789
Chapter 4 Advance Rulings [Sections 245N to 245V] 1840
Chapter 5 Equalisation Levy [Chapter VIII of the Finance Act, 2016] 1855
Chapter 6 Overview of Model Tax Conventions 1866
Chapter 7 Application and Interpretation of Tax Treaties 1920
Chapter 8 Fundamentals of Base Erosion and Profit Shifting 1935
