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
Pensions are fixed sums of money that individuals receive at regular intervals after retirement. They...
Unit Linked Insurance Plans (ULIPs) are a unique financial product that offers the dual benefits of life...
(1) In the world of business and taxation, there are various provisions and regulations that govern...
Following goods are being exempted from levy of Social Welfare Surcharge
S. No.
Description
1.
Natural...
With the increasing concerns about climate change and the need to reduce pollution, there has been a...
(1) Introduction to Section-72
Section 72, which deals with the carry forward and set off of business...
In India, the Income Tax Act provides various exemptions to taxpayers to encourage investments and promote...
1. Provision inserted under Clause ( c ) of explanation to Section 10(4D) applicable w.e.f. 2022-23
As...
Amendment of section 7.
151. In the Union Territory Goods and Services Tax Act, 2017 (14 of 2017.) (hereinafter...
Section 55(2) – Cost of Acquisition of Capital Asset for Computing Capital Gain
Cost of acquisition...
Section 10(10C) of the Income Tax Act provides an exemption to employees who receive a certain amount...
Understanding the intricacies of advance tax and self-assessment tax is crucial for both compliance and...
Section 9 of the Income Tax Act, 1961 is an important provision that deals with the taxation of income...
1. Understanding the Principle of Mutuality
The principle of mutuality relates to the notion that a person...
Introduction
Agricultural land is a significant asset in India, providing employment to many people and...
We will continue our efforts to simplify taxes, improve tax payer services, provide tax certainty and...
Special Economic Zones (SEZs) have emerged as key drivers of economic growth and development in many...
1. Enabling the Commissioner (Appeals) to levy Penalty under Section 271AAB. 271AAC and 271AAD of the...
Accommodation provided to the employee may be—
(i) unfurnished
(ii) furnished
Further, such...
Cases or situations of Tax Relief under section Section 89/Rule 21A when Salary is Paid in Arrears or...
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...