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

Section 69- Undisclosed income and investments Taxed as Deemed Income of Business and Profession
Income referred to in Section 68, 69A, 69B, 69C and 69D which are undisclosed income and Investments...
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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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[Section 45(1B)]: Capital Gain in case of Profits or Gains arising from receipt of the amount on Maturity of High Premium Unit Linked Insurance Policy (ULIP)
(1)        Unit Linked Insurance Policies (ULIPs) have gained popularity as a dual investment-cum-insurance...
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A Exemption of certain income received by a Specified Fund [Section 10(4D)]
Under Section 10(4D) of the Income Tax Act, a specified fund is eligible for certain exemptions on its...
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Deductions Under 'Chapter VI-A' in respect of 'Payments & Investments' are Allowed from Section 80C To 80GGC
1.  [Section 80C]: Deduction in respect of Life Insurance Premium, Deferred Annuity, Contributions to...
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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...
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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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Special Provisions of Set Off of Losses in case of an Individual or HUF who has opted to be Taxed as per Provisions of Section 115BAC
Under the Income Tax Act, individuals and Hindu Undivided Families (HUFs) have the option to be taxed...
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Section 80D : Deduction in respect of Medical Insurance Premia
Understanding of Section 80D Section 80D of the Income Tax Act provides individuals with a deduction...
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Exemption in respect of Income received by certain Foreign Companies [Section 10(48)]
Section 10(48) of the Income Tax Act provides an exemption in respect of income received by certain foreign...
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Instance of Income held to be Agricultural / Non-Agricultural Income
In the following Cases, Instances of Agricultural and Non-Agricultural Incomes are described in details...
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[Section 80QQB]: Deduction in respect of Royalty Income of Authors
Section 80QQB of the Income Tax Act provides a deduction in respect of royalty income earned by authors....
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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...
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Provisions and Amendments Relating to “Tax Administration” under Finance (No.2) Bill, 2024.
Provisions and Amendments Relating to Direct Tax Vivad se Vishwas Scheme, 2024 The Income-tax Act, 1961...
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GST on Health Care Services, Hospital Room Rent & Other Hospital Services
Under the Goods and Services Tax (GST) regime in India, healthcare services and hospital room rent are...
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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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CBDT extends due date for filing Form 10A/10AB-Press Release by PIB
Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes ****** New...
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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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Comprehensive Analysis on ESOP Taxation in India
Employee Stock Option Plans (ESOPs) are popular mechanisms through which companies attract, retain, and...
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Provisions and Amendments Relating to “Goods and Service Tax (GST)” under Finance (No.2) Bill, 2024.
Note: (a)           CGST Act means Central Goods and Services Tax Act, 2017 (b)          IGST Act means...
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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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