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
List of all Other Deductions which are specified under section 36 of the Indian Income Tax Act,1961,...
1. Firm to be Assessed as Firm
Essential conditions prescribed under section 184 of the Income-tax Act,...
1. Provisions of Section 79 not to apply In case of Strategic Disinvestment of Public Sector Companies...
Pensions are fixed sums of money that individuals receive at regular intervals after retirement. They...
1. Provision inserted under Clause ( c ) of explanation to Section 10(4D) applicable w.e.f. 2022-23
As...
Section 80GG of the Income Tax Act allows individuals to claim deductions for the rent paid when they...
(1) When a company goes into liquidation, it is important to understand the implications it can...
The following Essential & Basic Rules have to be kept in mind while calculating Deductions under...
Under Section 10(4D) of the Income Tax Act, a specified fund is eligible for certain exemptions on its...
An Association of Persons (AOP), whether incorporated or not, is treated as a `person` under section...
The rules for valuation of specified fringe benefits or amenities arc as under:
1. Interest Free Or...
1. Introduction of Block Assessment Provisions in cases of Search under Section 132 and Requisition under...
Government of India
Ministry of Finance
Department of Revenue
Central Board of Direct Taxes
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New...
Indian Strategic Petroleum Reserves Limited (ISPRL) plays a crucial role in ensuring the energy security...
1. Clarification in respect of Disallowance under Section 14A in absence of any Exempt Income during...
A. Changes in Basic Customs Duty (to be effective from 24.07.2024)
S. No.
Chapter, Heading, sub-...
Introduction
Section 54B of the Income Tax Act, 1961, provides an exemption on capital gains arising...
Note:
(a) “Basic Customs Duty (BCD)” means the customs duty levied under the Customs Act, 1962.
(b)...
Accommodation provided to the employee may be—
(i) unfurnished
(ii) furnished
Further, such...
Certain BCD exemptions entries under S No. 50/2017-Customs dated 30.6.2017 and other notifications are...
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...