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

Form Number and Documents Required for PAN Application as per Rule 114 of Income Tax Rules, 1962
1. Individual and HUF Applicants who are Citizens of India and Located Within and Outside India at the...
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Investment in Post Office Savings Account for Tax Saving
A Post Office Savings Account is one of the most popular and accessible savings accounts in India. The...
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Death-cum-Retirement Gratuity received by an employee [Section 10(10)]
Death-cum-Retirement Gratuity is an important financial benefit provided to employees in India. It is...
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Section 80P: Deduction in respect of Income of Co-operative Societies
Understanding of Section 80P Section 80P of the Income Tax Act, 1961 provides a deduction in respect...
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Taxation of Unit Linked Insurance Plans (ULIPs): A Comprehensive Guide
Unit Linked Insurance Plans (ULIPs) are a unique financial product that offers the dual benefits of life...
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Amendments relating to Disallowance of the Expenditure in Respect of Exempt Income – by The Finance Bill 2022
1.  Clarification in respect of Disallowance under Section 14A in absence of any Exempt Income during...
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Capital Gains on Sale of Agricultural Land
Introduction Agricultural land is a significant asset in India, providing employment to many people and...
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Income of Notified Mutual Funds [Section 10(23D)]
When it comes to investing in mutual funds, it is important to understand the various tax implications....
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Income of a Notified Institution established for Financing Infrastructure and Development to be Exempt [Section 10(48D)]
A Notified Institution refers to any entity or body corporate established by the Central Government or...
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Interest Incomes which are Exempt under Section 10(15)
Interest incomes which are exempt under section 10(15) could be explained with the help of the following...
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[Section 80JJAA]: Deduction in respect of Employment of New Employees
Section 80JJAA of the Indian Income Tax Act, 1961 provides a valuable deduction for employers who create...
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Investment in Senior Citizen Savings Scheme (SCSS)
SCSS is a savings product available for senior citizens aged 60 or above. On the date of opening an SCSS...
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Investment in National Pension Scheme (NPS)
National Pension System (NPS) is a retirement benefit Scheme introduced by the Government of India to...
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Valuation of Retirement Benefits – for Calculating Taxable Salary Income
1.  Gratuity Gratuity is a payment made by the employer to an employee in appreciation of the past services...
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Section 80D : Deduction in respect of Medical Insurance Premia
Understanding of Section 80D Section 80D of the Income Tax Act provides individuals with a deduction...
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Estimated Income Method - for Computing Business Income in Certain Cases
Special Provisions for computing Business income in certain cases on the basis of Estimated Income Method...
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FAQs on ‘Permanent Account Number’ (PAN)
1.  What is PAN? ​PAN stands for Permanent Account Number. PAN is a ten-digit unique alphanumeric number...
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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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Agricultural Income [Section 10(1)]
Agricultural income and its tax treatment in India fall under Section 10(1) of the Income Tax Act, 1961....
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Exemption of the Family Pension received by the family members of Armed Forces (including para-military forces) Personnel killed in action in certain circumstances [Section 10(19)]
Section 10(19) of the Income Tax Act provides an exemption for the family pension received by the family...
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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.

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...
FORM 3CD: Explanation & Applicability
Tax Audit Forms The Incomes prescribed two types of forms for tax audit: Audit Report: The audit report...
Understanding the Taxation of Dividends in India: From Dividend Distribution Tax to Recipient-Based Taxation
The taxation of dividends in India has undergone significant changes over the years. This article aims...
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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 The...
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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