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

Agricultural Income [Section 10(1)]
Agricultural income and its tax treatment in India fall under Section 10(1) of the Income Tax Act, 1961....
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Amendments relating to Deduction and Collection of Tax at Source by the Finance Bill 2022
1.  Rationalization of provisions of TDS on sale of immovable property [Section 194-IA amended w.e.f....
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Understanding Section 56(2)(viib) of the Income Tax Act, 1961
Section 56(2)(viib) of the Income Tax Act, 1961, is a provision that pertains to closely-held companies...
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Incomes of Political Parties [Section-13A]
Political parties play a crucial role in any democratic society. They serve as the voice of the people,...
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Distributed income received by a unit holder from the Business Trust [Section 10(23FD)]
Business trusts have gained popularity in recent years as a unique investment vehicle. They offer investors...
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Investment in Post Office Time Deposit Account (POTD)
Is one of the most well-known investment schemes offered by the India Post. While the scheme is open...
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Interest and withdrawals from Sukanya Samriddhi Account (SSA) [Section 10(11A)]
The Sukanya Samriddhi Account is a popular savings scheme in India that aims to promote the education...
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Cancellation of GST Registration by Department under GST Law- Circumstances and Precautions
Suo Moto Cancellation of registration may be initiated by the Tax Official for various situations as...
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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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Provisions and Amendments Relating to “Basic Customs Duty (BCD)” under Finance (No.2) Bill, 2024.
Note: (a)           “Basic Customs Duty (BCD)” means the customs duty levied under the Customs Act, 1962....
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Share of Profit of a Partner from a Firm [Section 10(2A)]
According to Section 10(2A), any share of profit received by a partner from a firm is exempt from tax....
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Amendment of Sections (Union Territory Goods and Services Tax-UTGST) under Finance Bill (No.2), 2024.
Amendment of section 7. 151.  In the Union Territory Goods and Services Tax Act, 2017 (14 of 2017.) (hereinafter...
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Amendment in Prime Minister’s Package for Employment and Skilling Coverage and Estimated Central Outlay under Budget 2024-2025
  Enrolment Duration Expenditure Duration Beneficiaries Central Outlay   Years (lakhs) (Rs....
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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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Meaning of Capital Asset [Section 2(14)] – Capital Gain
Any profits or gains arising from the transfer of a capital asset effected in the previous year, shall...
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Taxability of Donations made by Trusts for the Assessment Year 2025-26.
The article you’re viewing discusses significant changes to the regulations governing Charitable Trusts...
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Karnataka State Horticulture Development Agency Notified for the purpose of Section 10(46) of Income-Tax Act, 1961 – ‘05/2025’
Notification No. 05/2025 [F. No. 300196/37/2019-ITA-I] Dated 3nd January, 2025 MINISTRY OF FINANCE (Department...
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Amendment of Sections (Integrated Goods and Services Tax-IGST) under Finance Bill (No.2), 2024.
Amendment of section 5. 147.  In the Integrated Goods and Services Tax Act, 2017 (13 of 2017.) (hereinafter...
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Income Tax and the Principle of Mutuality
1. Understanding the Principle of Mutuality The principle of mutuality relates to the notion that a person...
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Amendments relating to Appeals and Revisions by the Finance Bill, 2022
1.  Litigation management when in an appeal by revenue an identical question of law is pending before...
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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.

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...
Disallowances under the Income Tax Act related to MSME [Section 43B(h)]
The Income Tax Act, 1961, includes specific provisions to protect the interests of Micro, Small, and...
Analysis of Orders U/s 147 of Income Tax Act, 2017 towards Reassessment of Income
Section 147 of the Income Tax Act, 1961, deals with the reassessment of income if the Assessing Officer...
Section 115BAB for New Manufacturers to promote the "Make in India" initiative
Section 115BAB of the Income Tax Act, 1961, was introduced by the Finance Act, 2019, to provide a lower...
TDS on Salary and Provident Fund [Section 192 and 192A]
TDS on Salary (Section 192) and TDS on Provident Fund (Section 192A) are provisions under the Income...
Interpreting Actual Cost in Asset Valuation for Computation of Income Tax
The term “actual cost” in the context of asset acquisition plays a pivotal role in income...
Amnesty Scheme under Section 128A of the CGST Act, 2017: A Comprehensive Overview
The introduction of Section 128A in the Central Goods and Services Tax (CGST) Act, 2017, by the Finance...
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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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