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
Under the Income Tax Rules/ Act, certain taxpayers are required to get their accounts audited and submit...
Section 80G of the Income Tax Act, 1961 provides provisions for claiming deductions on donations made...
We will continue our efforts to simplify taxes, improve tax payer services, provide tax certainty and...
Notwithstanding anything contained in sections 30 to 38, the following amounts shall not be deducted...
1. Litigation management when in an appeal by revenue an identical question of law is pending before...
Section 50C of the Indian Income Tax Act, 1961, is applicable to the computation of capital gains in...
Tax on distributed income of domestic company for buy-back of shares
Special provisions relating to tax...
Section 10(19A) of the Income Tax Act, 1961, exempts the annual value of one palace in the occupation...
In the following Cases, Instances of Agricultural and Non-Agricultural Incomes are described in details...
Section 10(1) of the Income-tax Act, 1961 exempts agricultural income from income-tax. However, net agricultural...
In India, the Income Tax Act provides various exemptions to taxpayers to encourage investments and promote...
When a disaster strikes, it can cause immense damage to life and property. In such difficult times, the...
Zero-coupon bonds, also known as deep discount bonds, are fixed-income securities that do not pay periodic...
(A) Providing Tax Relief
A.1 Substantial relief is proposed under the new tax regime with new slabs and...
Understanding of Section 56(2)(i)
In India, the taxation of dividends is governed by the provisions of...
1. [Section 56(2)]: List of Incomes included under ‘Income from Other Sources’
There are many incomes...
The Finance (No. 2) Bill, 2024, has introduced several significant amendments to the capital gains tax...
Section 10(48A) of the Income Tax Act provides an exemption in respect of income earned by a foreign...
1. Unexplained Cash Credits [Section 68]
Where any sum is found credited in the books of an assessee,...
Income tax laws can be complex and confusing, especially when it comes to understanding the various exemptions...
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
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New...