The textbook - Theory of Translation is a compendium of resources, dealing with the theoretical aspects of translation and provides a platform to apply the acquired knowledge in practice. It serves as an important tool toward a systematic approach to teaching higher courses on translation in a comprehensive manner. It acquaints the students with the important nuances of translation studies, the basic concepts, principles, theories, methods and processes, which together form translation studies as a scientific discipline. The author hopes that the book proves to be a useful learning tool for all those, interested in the field of translation - theory and practice.