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 80DDB : Deduction in respect of Medical Treatment, etc.
Section 80DDB of the Income Tax Act in India provides a deduction for individuals and Hindu Undivided...
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Taxation of Real Estate Transaction under GST
The Goods and Services Tax (GST), a comprehensive indirect tax system, has been a transformative step...
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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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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...
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Amendments relating to Set off or Carry Forward and Set off of Losses by the Finance Bill 2022
1.  Provisions of Section 79 not to apply In case of Strategic Disinvestment of Public Sector Companies...
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Guidance for Application of the Principal Purpose Test (PPT) under India’s Double Taxation Avoidance Agreements – ‘01/2025’
Circular No. 01/2025 [F. No. 500/05/2020/FT&TR-II] Dated 21st January, 2025 Government of India Ministry...
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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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Circular No. 07/2024 (Extension of the Due Date for Filing of Form No. 10A/10AB)- A Detailed Analysis
Circular No. 07/2024 [F. No.173/25/2024-ITA-I] Dated 25th April, 2024: A Detailed Analysis The Central...
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Investment Planning for Middle Class Family
1.  Investment in Sukanya Samriddhi Yojana for Tax Saving for AY 2022-23 & 2023-24 Sukanya Samriddhi...
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Exemption in respect of certain income of wholly owned subsidiary of Abu Dhabi Investment Authority and of Sovereign Wealth Fund [Section 10(23FE)]
Section 10(23FE) of the Income Tax Act provides an exemption in respect of certain income of wholly owned...
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Capital Gain in case of Zero-Coupon Bonds on its Maturity and Redemption
Zero-coupon bonds, also known as deep discount bonds, are fixed-income securities that do not pay periodic...
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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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Capital Gain on Conversion of Stock-in-Trade into Capital Asset [Section 28(via)]
Introduction In the world of business and finance, it is not uncommon for companies to convert their...
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Amendments relating to Income under the Head Profits and Gains of Business or Profession - By Finance Bill 2022
1.  Section 35(1A) relating to Filing Of Statement of any sum received by a Research Association, University,...
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Quoting of Aadhaar Number [Section 139AA]
Section 139AA was introduced in the Income Tax Act, 1961, with effect from July 1, 2017, to make it mandatory...
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Exemption of amount received by an individual as Loan under Reverse Mortgage Scheme [Section 10(43)]
Reverse mortgage is a financial scheme that allows senior citizens to convert their home equity into...
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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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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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[Section 46] : Capital Gains on Distribution of Assets by Companies in Liquidation
(1)        When a company goes into liquidation, it is important to understand the implications it can...
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Income Tax and the Hindu Undivided Family (HUF) for the A.Y. 2025-26.
A Hindu Undivided Family (HUF) is a unique entity recognized by the Indian tax system. It is a family...
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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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