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

Prescribed Reports/Certificates from a Chartered Accountant under Section 288(2), Explanation
Under the Explanation to section 288(2), an “accountant” means a chartered accountant within...
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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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[Section 80JJAA]: Deduction in respect of Employment of New Employees
Section 80JJAA of the Indian Income Tax Act, 1961 provides a valuable deduction for employers who create...
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[Section 45(3)] : Capital Gain on Transfer of Capital Asset by a Partner/Member to a Firm/AOP/BOI as Capital Contribution
Section 45(3) of the Indian Income Tax Act, 1961, deals with the taxation of capital gains arising from...
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Amendment of Sections (Central Goods and Services Tax-CGST) under Finance Bill (No.2), 2024.
Amendment of section 9. 110.  In the Central Goods and Services Tax Act, 2017 (12 of 2017.) (hereinafter...
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Amendments relating to Unexplained Cash Credits, Investment, Money etc. by the Finance Bill 2022
1.  Source of the funds or any other sum provided by the lender to the borrower and credited in hooks...
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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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Agricultural Income [Section 2(1A)]
Section 10(1) of the Income-tax Act, 1961 exempts agricultural income from income-tax. However, net agricultural...
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Amendment of Goods and Services Tax (Compensation to States) under Finance Bill (No.2), 2024.
Insertion of new section 8A. 153.  In the Goods and Services Tax (Compensation to States) Act, 2017 (15...
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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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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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Investment in TERM LIFE INSURANCE
Term life insurance, also known as pure life insurance, is a type of life insurance that guarantees payment...
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Amendment of Sections (Income Tax-Direct Taxes) under Finance Bill (No.2), 2024.
Amendment of Section 2 [Total Income” for the purpose of Taxation] 3.  In section 2 of the Income-tax...
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Investment in Post Office FD for Tax Savings
The Government of India’s Department of Posts, Ministry of Communications, offers fixed deposit accounts...
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Income of an Approved Research Association [Section 10(21)]
An approved research association refers to an organization that is primarily engaged in scientific research....
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[Section 56(2)(x)] : Taxability of Gift of Money and Property under Income from Other Sources
The Indian Income Tax Act, 1961, governs the taxation of various sources of income in India. One such...
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Speech on Indirect Taxes (Part-B) of Nirmala Sitharaman, Minister of Finance, July 23, 2024. (Budget 2024-2025)
I start with GST. It has decreased tax incidence on the common man; reduced compliance burden and logistics...
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Award or Reward [Section 10(17A)]
Under Section 10(17A) of the Income Tax Act, any award or reward received by an individual in recognition...
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Exemption of Specified Income from International Sporting Event held in India [Section 10(39)]
In India, hosting international sporting events is not only a matter of pride but also has significant...
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Exemption of Capital Gains on Compensation received on Compulsory Acquisition of Agricultural Land situated within Specified Urban Limits [Section 10(37)]
Section 10(37) of the Income Tax Act, 1961 provides for the exemption of capital gains on compensation...
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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.

Equalisation Levy (EL) Act, 2016
It was introduced under chapter VIII of Finance Act, 2016. This chapter came in to force from 1st June,...
Equalisation Levy (EL) Rules, 2016
S.O. 1905(E) – In exercise of the powers conferred by sub-section (1) and sub-section (2) of section...
Equalisation Levy (EL) Statement Scheme,2023
S.O. 614(E).-In exercise of the powers conferred by sub-section (2) of section 168 of Finance Act, 2016...
Equalisation Levy (EL) Booklet
1. What is equalization levy (EL)? This is a tax leviable on consideration received or receivable by...
Changes Brought About in Capital Gains in the Finance (No.2) Bill, 2024
The Finance (No. 2) Bill, 2024, has introduced several significant amendments to the capital gains tax...
Understanding Advance Tax and Self-Assessment Tax in India
Understanding the intricacies of advance tax and self-assessment tax is crucial for both compliance and...
Detailed Analysis of Section 234C of the Income Tax Act.
Section 234C of the Income Tax Act, 1961, pertains to the levy of interest for deferment of advance tax....
Comprehensive Analysis on ESOP Taxation in India
Employee Stock Option Plans (ESOPs) are popular mechanisms through which companies attract, retain, and...
FORM 3CD: Explanation & Applicability
Tax Audit Forms The Incomes prescribed two types of forms for tax audit: Audit Report: The audit report...
Understanding the Taxation of Dividends in India: From Dividend Distribution Tax to Recipient-Based Taxation
The taxation of dividends in India has undergone significant changes over the years. This article aims...
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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.

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...
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...
CBDT clarifies on media reports claiming special drive to reopen cases with reference to HRA claims - Press Release by PIB
Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes ****** New...
Functionalities to file commonly used ITRs enabled by CBDT on 1st April, 2024
Government of India Department of Revenue Ministry of Finance Central Board of Direct Taxes New Delhi,...
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