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

Amendments to Other Proposals Involving Changes in Basic Customs Duty Rates in Notifications under Finance (No.2) Bill, 2024.
A.   Changes in Basic Customs Duty (to be effective from 24.07.2024) S. No. Chapter, Heading, sub- heading,...
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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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Chargeability/Scope/Meaning of Income [Section 28]-Profits and Gain of Business and Profession
Chargeability/Scope/Meaning of Income under the head “Profits and Gains of Business and Profession” under...
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Provisions relating to Direct Taxes for the Financial Year 2025-26 in India- Flip e-Book (PDF)
The provisions relating to Direct Taxes for the Financial Year 2025-26 in India include several key changes...
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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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Residential Status of an Individual [Section 6(1) & 6(1A)]
An individual may either be a: (a)       Resident in India; or (b)       Deemed to be Resident In India...
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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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Income Tax (Third Amendment) Rules, 2025 – 13/2025
Notification No. 13/2025 [F. No.370142/9/2024-TPL] Dated 07th February, 2025 MINISTRY OF FINANCE (Department...
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How to Face Survey Proceedings as per Section 133A of Income Tax Act, 1961- Your Rights and Duties
An Income Tax Survey is a legal procedure under Section 133A of the Income Tax Act, 1961, where tax authorities...
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Recovery Proceedings under Section 78, 79, and 80 of GST Act, 2017: A Deep Dive
The Goods and Services Tax (GST) Act, 2017, has laid down comprehensive guidelines for recovery proceedings...
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Amendments Relating to Customs Duty Exemptions / Concessions Being Allowed to Lapse with effect from 30.9.2024 under Finance (No.2) Bill, 2024.
Certain BCD exemptions entries under S No. 50/2017-Customs dated 30.6.2017 and other notifications are...
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The Commissioner for the Robindra Setu, Kolkata is Notified for the purpose of Section 10(46) of Income-Tax Act, 1961 – ‘04/2025’
Notification No. 04/2025 [F. No. 196/1/2023-ITA-I] Dated 3nd January, 2025 MINISTRY OF FINANCE (Department...
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Non-Supplies under GST
In the context of the Goods and Services Tax (GST), the term “non-supplies” refers to transactions...
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Investment in Kisan Vikas Patra Yojana
Kisan Vikas Patra is a certificate scheme from the Indian post office. It doubles a one-time investment...
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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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Investment Planning for Middle Class Family
Investment planning is an essential aspect of financial management, especially for middle-class families....
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Section 54H of the Income Tax Act, 1961 in case of Capital Gain
Section 54H of the Income Tax Act, 1961 in India provided for an extension of time for acquiring a new...
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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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Tax on Long-Term Capital Gains under Section 112A in Certain Cases
(1)      Conditions to be satisfied for applicability of Section 112A [Section 112A(1)]: Notwithstanding...
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Compensation received in case of any Disaster [Section 10(10BC)]
Compensation received by an individual or their legal heirs in the event of a disaster is governed by...
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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.

TCS on Remittances Outside India With Recent Changes
Section 206C of the Act provides for tax collection at source (TCS) on business of trading in alcoholic...
TDS Provisions on Partners of The Firm-A New Provision
Section 194T, introduced by the Finance (No. 2) Bill, 2024, is effective from April 1, 2025. This section...
Recent Changes in TDS Provisions- Latest Update
The Budget 2025 has introduced enhanced threshold limits for TDS, ensuring that smaller transactions...
Presumptive Assessment Under Income Tax Act- An Analysis
To give relief to small taxpayers from the tedious job of maintenance of books of account and from getting...
Major TDS Amendments Effective from 1st April 2025: A Comprehensive Overview
To simplify tax compliance and enhance the ease of doing business, the Finance Act has proposed significant...
Different Income Tax Forms for Filing Income Tax Return
The taxpayer has to communicate the details of his taxable income/loss to the Income tax Department....
Form 15CA and Form 15CB in Foreign Remittances under Income Tax Act, 1961
INTRODUCTION: Form 15CA and Form 15CB are essential documents under the Income Tax Act, 1961, for foreign...
Section 132: Search and Seizure Under Income Tax Act, 1961
Section 132 of the Income Tax Act, 1961, empowers the Income Tax Department to conduct search and seizure...
TDS on Rent Payments U/s 194I of Income Tax Act, 1961
Section 194-I of the Income Tax Act, 1961, a crucial piece of legislation in India, governs the taxation...
Exemption from Capital Gains for Individuals and HUFs
Under the Income Tax Act, 1961, individuals and Hindu Undivided Families (HUFs) can claim exemptions...
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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.

Highlights of Union Budget 2025-26
Ministry of Finance HIGHLIGHTS OF UNION BUDGET 2025-26 Posted On: 01 FEB 2025 1:29PM by PIB Delhi PART...
CBDT Notifies Amendments in Income-Tax Rules, 1962 to prescribe conditions for applicability of Presumptive Taxation Regime for Non-Resident Cruise Ship Operators
Ministry of Finance Posted On: 22 JAN 2025 8:09PM by PIB Delh CBDT notifies amendments in Income-tax...
Enhancing Tax Transparency on Foreign Assets & Income: Understanding CRS & FATCA
A. Purpose of CRS and FATCA In this globalized economy, tax transparency and compliance has become paramount...
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...
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