complete tax solutions

Income Tax Management

Complete Tax Solutions for Students, Teachers, Salaried, Professional, Executives & Businessman

complete tax solutions

Income Tax Management

Complete Tax Solutions for Students, Teachers, Salaried, Professional, Executives & Businessman

Section 69- Undisclosed income and investments Taxed as Deemed Income of Business and Profession
Income referred to in Section 68, 69A, 69B, 69C and 69D which are undisclosed income and Investments...
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Amendments relating to Set off or Carry Forward and Set off of Losses by the Finance Bill 2022
1.  Provisions of Section 79 not to apply In case of Strategic Disinvestment of Public Sector Companies...
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Amendment of Sections (Central Goods and Services Tax-CGST) under Finance Bill (No.2), 2024.
Amendment of section 9. 110.  In the Central Goods and Services Tax Act, 2017 (12 of 2017.) (hereinafter...
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Interest and withdrawals from Sukanya Samriddhi Account (SSA) [Section 10(11A)]
The Sukanya Samriddhi Account is a popular savings scheme in India that aims to promote the education...
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[Section 56(2)(id)]: Interest on Securities Taxable under Income from Other Sources
Interest income is one of the common sources of income for individuals and businesses alike. When it...
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Taxation of Pensions and Exemptions for Pensioners
Pensions are fixed sums of money that individuals receive at regular intervals after retirement. They...
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Amendments relating to ‘Incomes which do not Form Part of Total Income’ by The Finance Bill 2022
1.  Provision inserted under Clause ( c ) of explanation to Section 10(4D) applicable w.e.f. 2022-23...
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Section 43B- Deductions Allowed only on Actual Payment -Profits and Gains of Business and Profession
Under Section 43B, some of the Expenses are allowed and can be claimed by the Assessee only in the year...
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Section 9: Incomes which Accrue or Arise in India or are Deemed to Accrue or Arise in India
Section 9 of the Income Tax Act, 1961 is an important provision that deals with the taxation of income...
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Provisions and Amendments Relating to “Rates of Income Tax” under Finance (No.2) Bill, 2024
The provisions of Finance (No. 2) Bill, 2024 (hereafter referred to as “the Bill”), relating...
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CBDT extends due date for filing Form 10A/10AB-Press Release by PIB
Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes ****** New...
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Exemption of income of New Pension Scheme Trust [Section 10(44)]
Section 10(44) of the Income Tax Act, 1961 provides for exemption from income tax in India in respect...
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Section 80G: Deduction in respect of Donation to certain Funds, Charitable Institutions, etc.
Section 80G of the Income Tax Act, 1961 provides provisions for claiming deductions on donations made...
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PAN Card for NRI
1.  Documents Required to Apply for NRI PAN Card As a Non-Resident Indian (NRI), obtaining a Permanent...
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Section 80DDB : Deduction in respect of Medical Treatment, etc.
Section 80DDB of the Income Tax Act in India provides a deduction for individuals and Hindu Undivided...
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[Section 80DD]: Deduction in respect of Caring & Maintenance including Medical Treatment of a Disabled Dependent
Section 80DD of the Income Tax Act in India provides a deduction for individuals or Hindu Undivided Families...
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Perquisites - Fringe Benefits or Amenities which shall be Taxable Perquisite in the hands of All Employees
The rules for valuation of specified fringe benefits or amenities arc as under: 1.  Interest Free Or...
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Exemption of income of a Non-Resident as a result of transfer of non-deliverable forward contracts entered into with an offshore banking unit of International Financial Services Centre (IFSC) [Section 10(4E)] [Inserted W.e.f. A.Y. 2022-23]
Section 10(4E) of the Income Tax Act, 1961 provides an exemption from tax on income arising from the...
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[Section 80TTA]: Deduction in respect of interest on Deposits in Savings Account
Section 80TTA of the Income Tax Act, 1961 provides for a deduction in respect of interest on deposits...
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[Section 45(2)] : Capital Gain on Conversion of Capital Asset into Stock-in-Trade
(1)        In the world of business and taxation, there are various provisions and regulations that govern...
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Knowledge Base on Taxation

It provides a solid foundation for a Knowledge Base on Taxation, covering both theoretical and practical elements.

The Income Tax Bill 2025 [Bill No. 24 of 2025]-Flip Book (PDF)
The Income Tax Bill 2025 will come into effect from April 1, 2026, after it is vetted by a Select Committee...
Income Tax Bill 2025: 'Section to Section Mapping' of I-T Act, 1961
The Income Tax Bill 2025 will come into effect from April 1, 2026, after it is vetted by a Select Committee...
Equalisation Levy (EL) Act, 2016
It was introduced under chapter VIII of Finance Act, 2016. This chapter came in to force from 1st June,...
Equalisation Levy (EL) Rules, 2016
S.O. 1905(E) – In exercise of the powers conferred by sub-section (1) and sub-section (2) of section...
Equalisation Levy (EL) Statement Scheme,2023
S.O. 614(E).-In exercise of the powers conferred by sub-section (2) of section 168 of Finance Act, 2016...
Equalisation Levy (EL) Booklet
1. What is equalization levy (EL)? This is a tax leviable on consideration received or receivable by...
Changes Brought About in Capital Gains in the Finance (No.2) Bill, 2024
The Finance (No. 2) Bill, 2024, has introduced several significant amendments to the capital gains tax...
Understanding Advance Tax and Self-Assessment Tax in India
Understanding the intricacies of advance tax and self-assessment tax is crucial for both compliance and...
Detailed Analysis of Section 234C of the Income Tax Act.
Section 234C of the Income Tax Act, 1961, pertains to the levy of interest for deferment of advance tax....
Comprehensive Analysis on ESOP Taxation in India
Employee Stock Option Plans (ESOPs) are popular mechanisms through which companies attract, retain, and...
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Press Release by PIB (Press Information Bureau)

Press Release by Press Information Bureau (PIB) is the nodal agency of the Government of India.

CBDT rolls out e-DRS Scheme, 2022 (PIB Press Release)
Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes ****** New...
CBDT issues clarification in respect of Income-tax clearance certificate (ITCC)-Press Release by PIB
Ministry of Finance CBDT issues clarification in respect of Income-tax clearance certificate (ITCC) It...
CBDT relaxes provisions of TDS/TCS in the event of death of deductee/collectee before linkage of PAN and Aadhaar-(Press Release by PIB)
Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi,...
FAQs issued by CBDT on the new Capital Gains Tax Regime proposed in the Union Budget 2024-25 - (Press Release by PIB)
Ministry of Finance FAQs issued by CBDT on the new Capital Gains Tax Regime proposed in the Union Budget...
Government Makes New Tax Regime More Attractive Under Budget 2024-25 (Press Release by PIB)
Ministry of Finance GOVERNMENT MAKES NEW TAX REGIME MORE ATTRACTIVE STANDARD REDUCTION INCREASED FROM...
Capital Gains Taxation Simplified and Rationalised under Budget 2024-25-Press Release by PIB
Ministry of Finance CAPITAL GAINS TAXATION SIMPLIFIED AND RATIONALISED SHORT TERM GAINS TO ATTRACT A...
Highlights of The Union Budget 2024-25 - Press Release by PIB
Ministry of Finance HIGHLIGHTS OF THE UNION BUDGET 2024-25 Posted On: 23 JUL 2024 1:17PM by PIB Delhi...
CBDT extends due date for filing Form 10A/10AB-Press Release by PIB
Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes ****** New...
CBDT clarifies on media reports claiming special drive to reopen cases with reference to HRA claims - Press Release by PIB
Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes ****** New...
Functionalities to file commonly used ITRs enabled by CBDT on 1st April, 2024
Government of India Department of Revenue Ministry of Finance Central Board of Direct Taxes New Delhi,...
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