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
National Pension System (NPS) is a retirement benefit Scheme introduced by the Government of India to...
Circular No. 07/2024 [F. No.173/25/2024-ITA-I] Dated 25th April, 2024: A Detailed Analysis
The Central...
It was introduced under chapter VIII of Finance Act, 2016. This chapter came in to force from 1st June,...
Section 80RRB of the Income Tax Act, 1961, provides for a deduction in respect of royalty income received...
Amendment of Section 2 [Total Income” for the purpose of Taxation]
3. In section 2 of the Income-tax...
In India, hosting international sporting events is not only a matter of pride but also has significant...
Section 10(10A) of the Income Tax Act in India relates to the tax treatment of payments made in commutation...
Income tax laws in India provide various deductions and exemptions to taxpayers, helping them reduce...
Government of India
Ministry of Finance
Department of Revenue
Central Board of Direct Taxes
New Delhi,...
1. Gratuity
Gratuity is a payment made by the employer to an employee in appreciation of the past services...
An Electoral Trust is a unique entity that plays a crucial role in the political funding of political...
Under the Income Tax Act, individuals and Hindu Undivided Families (HUFs) have the option to be taxed...
With the increasing concerns about climate change and the need to reduce pollution, there has been a...
Gratuity is a significant part of an employee’s remuneration package. It is a payment made by an employer...
1. Unexplained Cash Credits [Section 68]
Where any sum is found credited in the books of an assessee,...
Section 80G of the Income Tax Act, 1961 provides provisions for claiming deductions on donations made...
Understanding the intricacies of advance tax and self-assessment tax is crucial for both compliance and...
1. [Section 80C]: Deduction in respect of Life Insurance Premium, Deferred Annuity, Contributions to...
Notwithstanding anything contained in sections 30 to 38, the following amounts shall not be deducted...
Tax on Non-Agricultural Income with partial Agricultural Income
As already discussed, there is no tax...
Knowledge Base on Taxation
It provides a solid foundation for a Knowledge Base on Taxation, covering both theoretical and practical elements.
It was introduced under chapter VIII of Finance Act, 2016. This chapter came in to force from 1st June,...
S.O. 1905(E) – In exercise of the powers conferred by sub-section (1) and sub-section (2) of section...
S.O. 614(E).-In exercise of the powers conferred by sub-section (2) of section 168 of Finance Act, 2016...
1. What is equalization levy (EL)?
This is a tax leviable on consideration received or receivable by...
The Finance (No. 2) Bill, 2024, has introduced several significant amendments to the capital gains tax...
Understanding the intricacies of advance tax and self-assessment tax is crucial for both compliance and...
Section 234C of the Income Tax Act, 1961, pertains to the levy of interest for deferment of advance tax....
Employee Stock Option Plans (ESOPs) are popular mechanisms through which companies attract, retain, and...
Tax Audit Forms
The Incomes prescribed two types of forms for tax audit:
Audit Report:
The audit report...
Press Release by PIB (Press Information Bureau)
Press Release by Press Information Bureau (PIB) is the nodal agency of the Government of India.
Government of India
Ministry of Finance
Department of Revenue
Central Board of Direct Taxes
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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...
Government of India
Ministry of Finance
Department of Revenue
Central Board of Direct Taxes
New Delhi,...
Ministry of Finance
FAQs issued by CBDT on the new Capital Gains Tax Regime proposed in the Union Budget...
Ministry of Finance
GOVERNMENT MAKES NEW TAX REGIME MORE ATTRACTIVE
STANDARD REDUCTION INCREASED FROM...
Ministry of Finance
CAPITAL GAINS TAXATION SIMPLIFIED AND RATIONALISED
SHORT TERM GAINS TO ATTRACT A...
Ministry of Finance
HIGHLIGHTS OF THE UNION BUDGET 2024-25
Posted On: 23 JUL 2024 1:17PM by PIB Delhi
The...
Government of India
Ministry of Finance
Department of Revenue
Central Board of Direct Taxes
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New...
Government of India
Ministry of Finance
Department of Revenue
Central Board of Direct Taxes
******
New...