Introduction to the Income Tax Bare Act: Foundation of India’s Tax Laws
The Income Tax Act, 1961, is the principal legislation that governs direct taxation in India. This article introduces readers to the bare act version of the law — the unmodified, official legal text as enacted by the Parliament. It explains the structure of the Act, including the 14 Schedules and over 298 Sections, and provides a roadmap for understanding income classification, tax computation, deductions, and compliance. This guide is perfect for CA/CS students, law aspirants,