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
A Hindu Undivided Family (HUF) is a unique entity recognized by the Indian tax system. It is a family...
Tax Audit Forms
The Incomes prescribed two types of forms for tax audit:
Audit Report:
The audit report...
A recognized provident fund is a retirement savings scheme that is approved by the government. It is...
Section 45(3) of the Indian Income Tax Act, 1961, deals with the taxation of capital gains arising from...
1. Enabling the Commissioner (Appeals) to levy Penalty under Section 271AAB. 271AAC and 271AAD of the...
Section 80RRB of the Income Tax Act, 1961, provides for a deduction in respect of royalty income received...
Permanent Account Number (PAN) is a unique ten-digit alphanumeric code issued by the Income Tax Department...
In India, hosting international sporting events is not only a matter of pride but also has significant...
Every person shall quote his permanent account number in all documents pertaining to the transactions...
Section 10(23FE) of the Income Tax Act provides an exemption in respect of certain income of wholly owned...
1. Allowances- Income under the head Salaries
Allowance is a fixed monetary amount paid by the employer...
1. [Section 56(2)]: List of Incomes included under ‘Income from Other Sources’
There are many incomes...
1. Understanding of Section 80-IBA
Section 80-IBA of the Income Tax Act, 1961, provides a deduction...
Introduction
In the world of business and finance, it is not uncommon for companies to convert their...
The National Savings Certificate (NSC) is a fixed Income Investment scheme that you can open with any...
Long-term capital gain arising on the transfer of any capital asset being land or building or both is...
The Indian Income Tax Act, 1961, governs the taxation of various sources of income in India. One such...
as per Part “C” of Schedule II of the Companies Act, 2013 after making following assumptions:
The...
1. [Section 80C]: Deduction in respect of Life Insurance Premium, Deferred Annuity, Contributions to...
Interest incomes which are exempt under section 10(15) could be explained with the help of the following...
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...