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

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income Tax Management
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AYs : 2025-26 & 2026-27

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> CA and Tax Professionals,
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> Individuals Filing Their Own Taxes,
> Financial Planners and Wealth Managers &
> Students and Academicians. 
> Coveting 28 Chapters with 1280 Pages

Section 10(32)- Tax Exemption when a Minor Child’s income is Clubbed with that of a Parent under Section 64(1A)
Section 10(32) of the Income Tax Act provides a modest exemption when a minor child’s income is clubbed...
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[Section 234H]: Fee for Default in Intimation of Aadhaar Number
Section 234H of the Income Tax Act, 1961 imposes a fee for failure to intimate/link one’s Aadhaar...
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Section 80D: Deduction for Health Insurance Premium & Medical Expenses
Applicable to: Individuals & HUFs This section provides tax benefits for health-related expenditures,...
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Section 10(23BBA)- Tax Exemption for the income of Anybody or Authority established for administration of Religious Place
Section 10(23BBA) of the Income Tax Act provides a tax exemption for the income of any body or authority...
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Special Provisions for Tax on Buyback of Shares (Sections 115QA to 115QC)
Under the Income Tax Act, 1961, Sections 115QA to 115QC impose a tax on distributed income when a domestic...
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[Section 193]: Deduction of Tax from Interest on Securities
Section 193 of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on interest earned from...
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Interest on Delayed Payment of Equalisation Levy [Section 170]
Here’s a detailed explanation of Section 170 (Interest on Delayed Payment of Equalisation Levy) under...
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[Section 207(2)]: Exemption for Senior Citizens from Advance Tax
1. Who is Exempt? Resident Individuals aged 60 years or above(Senior Citizens). Condition: Must not...
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Section 10(15B)- Tax Exemption on Lease Rentals of Cruise Ships
Purpose: This section provides a 100% tax exemption to foreign companies on income earned from leasing cruise...
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Computation of Income from a Self-Occupied Residential House Property [Section 23(2), (3), (4)]
Under Section 23(2) to (4) of the Income Tax Act, 1961, a self-occupied residential property (SOP) is...
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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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Capital Gain in the case of Transfer of Shares/Debentures by Non-Residents (Proviso 1 to Section 4 and Rule 115A)
Understanding of Capital Gain When it comes to the transfer of shares or debentures by non-residents,...
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Deductions Allowed from "Income from Other Sources" [Section 57]
Section 57 of the Income Tax Act, 1961, permits specific deductions while computing taxable income under...
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Section 10(10D)- Tax Exemption on Life Insurance Policy Maturity/Death Benefits
Section 10(10D) provides tax exemption on amounts received from a life insurance policy, including: Maturity...
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Inspection, Search, and Seizure Powers of Tax Authorities under Section 67 of the CGST Act, 2017
Section 67 of the Central Goods and Services Tax (CGST) Act, 2017 deals with the inspection, search,...
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Section 156 of the Income Tax Act, 1961: Notice of Demand
Section 156 of the Income Tax Act, 1961, governs the issuance of demand notices by the Assessing Officer...
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Central Government Notifies that No Deduction of Tax shall be made under the Provisions of Section 194Q of the Income Tax Act, 1961 – ‘03/20525’
Notification No. 03/2025 [F. No. 275/109/2024-IT(B)] Dated 2nd January, 2025 MINISTRY OF FINANCE (Department...
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Brought Forward Losses Must Be Set Off in the Immediately Succeeding Year/Years
Under the Income Tax Act, brought forward losses must be set off against eligible income in the immediately...
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Tax on Long-Term Capital Gains (LTCG) Under Section 112A
Overview of Section 112A Section 112A of the Income Tax Act, 1961 governs the taxation of long-term capital...
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[Section 219]: Credit for Advance Tax
Section 219 of the Income Tax Act, 1961 governs how advance tax payments are credited against a taxpayer’s...
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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. These...
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 (Section-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 The...
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