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

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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GST Audit U/s 65 of the CGST Act, 2017- Procedure and Precautions
GST Audit under Section 65 of the CGST Act, 2017 is conducted by the tax authorities to verify the correctness...
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Section 80P: Deduction in respect of Income of Co-operative Societies
Understanding of Section 80P Section 80P of the Income Tax Act, 1961 provides a deduction in respect...
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A Closer Look at GST Refund Issues
INTRODUCTION- The Goods and Services Tax (GST) system has revolutionized taxation in India, streamlining...
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Amendments relating to Penalties and Prosecutions by the Finance Bill, 2022
1.  Enabling the Commissioner (Appeals) to levy Penalty under Section 271AAB. 271AAC and 271AAD of the...
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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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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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Payment in Commutation of Pension received by the Employees [Section 10(10A)]
Section 10(10A) of the Income Tax Act in India relates to the tax treatment of payments made in commutation...
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Section 9: Incomes which Accrue or Arise in India or are Deemed to Accrue or Arise in India
Section 9 of the Income Tax Act, 1961 is an important provision that deals with the taxation of income...
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Speech of Nirmala Sitharaman, Minister of Finance, July 23, 2024. (Budget 2024-2025)
Introduction The people of India have reposed their faith in the government led by the Hon’ble Prime...
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Order Under Section 138(1) of the Income-Tax Act, 1961 – F. No. 225/235/2024/ITA-II
Order No. [F. No. 225/235/2024/ITA-II] Dated 31st January, 2025 MINISTRY OF FINANCE (Department of Revenue)...
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Amendments relating to ‘Incomes which do not Form Part of Total Income’ by The Finance Bill 2022.
1.  Provision inserted under Clause ( c ) of explanation to Section 10(4D) applicable w.e.f. 2022-23...
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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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Recovery Proceedings under Section 78, 79, and 80 of GST Act, 2017: A Deep Dive
The Goods and Services Tax (GST) Act, 2017, has laid down comprehensive guidelines for recovery proceedings...
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Amount received under a Life Insurance Policy [Section 10(10D)]
Section 10(10D) of the Income Tax Act deals with the tax treatment of the sum assured received from a...
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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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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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Perquisites [(Section 17(2)]- Income under the head Salaries
1.  Perquisites [(Section 17(2)]-Definition Section 17(2) of the Income-tax Act, 1961 gives an inclusive...
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Revocation of Cancellation of Registration under GST: A Comprehensive Guide
Revocation of Cancellation of Registration under GST is a process that allows a taxpayer to restore their...
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Exemption of Amount payable at the time of Closure or Opting Out of National Pension Scheme (NPS) [Section 10(12A)]
Section 10(12A) of the Income Tax Act, 1961 provides that any amount received by an individual from the...
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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.

TCS on Remittances Outside India With Recent Changes
Section 206C of the Act provides for tax collection at source (TCS) on business of trading in alcoholic...
TDS Provisions on Partners of The Firm-A New Provision
Section 194T, introduced by the Finance (No. 2) Bill, 2024, is effective from April 1, 2025. This section...
Recent Changes in TDS Provisions- Latest Update
The Budget 2025 has introduced enhanced threshold limits for TDS, ensuring that smaller transactions...
Presumptive Assessment Under Income Tax Act- An Analysis
To give relief to small taxpayers from the tedious job of maintenance of books of account and from getting...
Major TDS Amendments Effective from 1st April 2025: A Comprehensive Overview
To simplify tax compliance and enhance the ease of doing business, the Finance Act has proposed significant...
Different Income Tax Forms for Filing Income Tax Return
The taxpayer has to communicate the details of his taxable income/loss to the Income tax Department....
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...
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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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