This book combines the following, making it a one-stop resource for statutes & case laws on direct taxes:

• Acts
• Rules
• Landmark Rulings
• Direct Taxes Law Lexicon
• Circulars, Clarifications & Notifications
• Schemes, Models & Drafts

This book comes in a set of three volumes and incorporates all changes made by the following:

• Volume One | Acts – Amended by the Finance Act, 2023
• Volume Two | Rules – Updated till the Income-tax (Third Amendment) Rules, 2023
• Volume Three | Landmark Rulings, Circulars, Clarifications, Notifications, etc. – Amended/Updated up to February 2023

The Present Publication is the 53rd Edition, edited by Taxmann's Editorial Board, with the following volume-wise noteworthy features:

• Volume One | Acts
• [Annotations] under each section shows:
• Relevant Rules & Forms
• Relevant Circulars & Notifications
• Date of enforcement of provisions
• Allied Laws referred to in the section
• [Legislative History of Amendments] since 1961
• Comprehensive Table of Contents
• [Quick Navigation] Relevant section numbers are printed in folios for quick navigation
• Volume Two | Rules
• [Action Points for Forms] All Forms carry Action Points that explain the Relevant Provisions and Process of Filing
• [Return Forms] for A.Y. 2023-24
• [Quick Identification for Redundant & e-Forms]
• Volume Three | Landmark Rulings, Circulars, Clarifications, Notifications, etc.
• [15+ Schemes] relevant under the Income-tax Act
• [Words & Phrases] as defined by various Courts
• [Circulars, Clarifications & Notifications | 1961 – February 2023] Gist of all Circulars and Notifications which are in force
• [Case Laws | 1922 – February 2023] Digest of all Landmark Rulings by the Supreme Court, High Courts
• [25+ Models & Drafts] helpful in your day-to-day practice
• [Bestseller Series] Taxmann's series of Bestseller Books for more than Five Decades
• [Zero Error] Follows the Six Sigma Approach to achieve the benchmark of 'Zero Error'

The volume-wise coverage of this book is as follows:

• [Acts] The following Acts are covered in this book:
• Income Tax Act, 1961, as amended by the Finance Act 2023. It also includes the list/text of provisions of allied Acts, Circulars, and Regulations referred to in the Income-tax Act, along with validation provisions & subject-index
• Finance Act 2023
• Prohibition of Benami Property Transactions Act, 1988, as amended by the Finance Act 2023
• Securities Transaction Tax as amended by the Finance Act 2023
• Commodities Transaction Tax
• Equalisation Levy, along with Notification u/s 164 of the Finance Act, 2016
• Black Money Act
• Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015
• Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Rules, 2015
• [Rules] The following Rules are covered in this book:
• Income-tax Rules, 1962 amended up to date with the list/text of provisions of Allied Laws referred to in Income-tax Rules along with Subject Index
• Income Computation and Disclosure Standards
• Income-tax (Appellate Tribunal) Rules, 1963
• Standing Order under Income-tax (Appellate Tribunal) Rules 1963
• Other Notifications & Instructions
• Income-tax Appellate Tribunal Members (Recruitment and Conditions of Service) Rules 1963
• Subject Index
• Commodities Transaction Tax Rules, 2013
• Securities Transaction Tax Rules, 2004
• Authority for Advance Rulings (Procedure) Rules, 1996
• Prohibition of Benami Property Transaction Rules, 2016
• Equalisation Levy Rules, 2016
• Capital Gains Accounts Scheme, 1988
• Electoral Trusts Scheme, 2013
• Income-tax (Dispute Resolution Panel) Rules, 2009
• Reduction of interest under Section 234A/234B/234C
• CBDT's Instructions for waiver or reduction of interest
• Delay in Filing Refund Claim
• Condonation of delay in filing refund claim and claim of carry forward of losses under section 119(2)(b) of the Income-tax Act
• Reverse Mortgage Scheme, 2008
• Centralised Verification Scheme, 2019
• Faceless Assessment Scheme, 2019 with Directions
• Faceless Appeal Scheme, 2021
• Faceless Penalty Scheme, 2021 with Directions
• Site Restoration Fund Scheme, 1999
• National Pension Scheme Tier II – Tax Saver Scheme, 2020
• Centralised Processing of Returns Scheme, 2011
• Application of provisions of the Act relating to the processing of Returns
• e-Settlement Scheme, 2021
• e-Verification Scheme, 2021, with FAQs
• e-Advance Rulings Scheme, 2022
• Relaxation of Validation (Section 119 of the Finance Act 2012) Rules, 2021
• Faceless Jurisdiction of Income-tax Authorities Scheme, 2022
• e-Assessment of Income Escaping Assessment Scheme, 2022
• Faceless Inquiry or Valuation Scheme, 2022
• e-Dispute Resolution Scheme, 2022
• Centralised Processing of Equalisation Levy Statement Scheme, 2023
• [Return Forms for Assessment Year 2023-24 & Other Rules/Schemes]
• [Return Forms]
• ITR-1 | SAHAJ – Individual Income Tax Return
• ITR-2 | Return of Income – For Individuals and HUFs not having income from profits and gains of business or profession
• ITR-2A | [Omitted by the IT (Fourth Amdt.) Rules, 2017, w.e.f.
  1-4-2017]
• ITR-3 | Return of Income – For Individuals and HUFs having income from profits and gains of business or profession
• ITR-4 | SUGAM – For Individuals, HUFs and Firms (other than LLP) being a resident having total income up to Rs. 50 lakh and having income from business and profession, which is computed under section 44AD, 44ADA or 44AE [Not for an individual who is either Director in a company or has invested in unlisted equity shares or if income-tax is deferred on ESOP or  has agricultural income more than Rs. 5000]
• ITR-4 | [Omitted by the IT (Fourth Amdt.) Rules, 2017, w.e.f. 1-4-2017]
• ITR-5 | Return of Income – For persons other than — (i) individual, (ii) HUF, (iii) company and (iv) person filing Form ITR-7
• ITR-6 | Return of Income – For Companies other than companies claiming exemption under section 11
• ITR-7 | Return of Income – For persons including companies required to furnish returns under sections 139(4A) or 139(4B) or 139(4C), or 139(4D) only
• ITR-8 | [Omitted by the IT (Twenty-First Amdt.) Rules, 2021, w.e.f. 29-7-2021]
• ITR-V | Verification Form | Acknowledgment
• [Other Rules & Schemes]
• Income-tax (Certificate Proceedings) Rules, 1962
• Income-tax Settlement Commission (Procedure) Rules, 1997
• Tax Return Preparer Scheme, 2006
• Bank Term Deposit Scheme, 2006
• Sukanya Samriddhi Account Scheme, 2019
• Senior Citizens' Savings Scheme, 2019
• Kisan Vikas Patra Scheme, 2019
• Public Provident Fund Scheme, 2019
• National Savings Certificates (VIII Issue) Scheme, 2019
• [Landmark Rulings, Direct Taxes Law Lexicon, Circulars, Clarifications & Notifications, and Schemes, Models & Drafts] are included:
• [15+ Schemes] relevant under the Income-tax Act, 1961, are included:
• Income Tax Informants Rewards Scheme, 2018
• Hospitalisation and Domiciliary Hospitalisation Benefit Policy
• Settlement Commission (Income-tax and Wealth-tax) (Recruitment and Conditions of Service of Chairman, Vice-Chairmen and Members) Rules, 2015
• Income-tax Welfare Fund Rules, 2007
• Guidelines for Providing Training by Shipping Companies for Tonnage Tax Scheme under Chapter XII-G of Income-tax Act
• Equity Linked Savings Scheme, 2005
• Income Tax Ombudsman Guidelines, 2010
• Authority for Advance Rulings (Procedure for Appointment as Chairman and Vice-Chairman) Rules, 2016
• Electoral Bond Scheme, 2018
• Prohibition of Benami Property Transactions (Conditions of Services of Members of Adjudicating Authority) Rules, 2019
• Tribunals Reforms Act, 2021
• Conditions of Service of Chairperson and Members of Tribunals, Appellate Tribunals and other Authorities
• Tribunal (Conditions of Service) Rules, 2021
• Direct Tax Vivad se Vishwas Act, 2020
• Direct Tax Vivad se Vishwas Rules, 2020
• [Words & Phrases] as defined by various Courts
• Section key to Words and Phrases judicially defined under Income-tax Act
• Alphabetical key to Words and Phrases judicially defined under Income-tax Act
• [Circulars, Clarifications & Notifications | 1961 – February 2023] Gist of all Circulars and Notifications which are in force
• [Case Laws | 1922 – February 2023] Digest of all Landmark Rulings by the Supreme Court, High Courts
• [25+ Models & Drafts]
• Partnership deed
• Specimen of dissolution deed of partnership firm
• Specimen deed of dissolution of HUF
• Gift deed
• Will
• Lease Deed
• Indemnity Bond-I
• Indemnity Bond-II
• Specimen affidavit
• Specimen letter of communication with the previous auditor
• Power of attorney
• Intimation to AO regarding discontinuance of business
• Letter to AO regarding giving of appeal effect
• Application to AO requesting a stay of demand
• Letter to AO regarding setting off of tax payable against the refund due
• Reply to notice under section 221(1)
• Specimen affidavit under rule 10 of the Income-tax (Appellate Tribunal) Rules
• Specimen application to Appellate Tribunal for admission of delayed appeal
• Specimen application for rectification of mistake
• Specimen application for revision under section 264
• Specimen application for the exercise of option under clause (2) of the Explanation to section 11(1)
• Draft Letter of Appointment
• Specimen letter for seeking adjournment for video conferencing in faceless assessment
• Specimen letter to submit information in the course of faceless assessment proceeding
• Specimen application for condonation of delay in filing of Appeal before CIT (Appeals)
• Specimen Application for Admission of Additional evidence in an Appeal
• Specimen deed to create a Family Trust (Discretionary Trust)