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
Ministry of Finance
CAPITAL GAINS TAXATION SIMPLIFIED AND RATIONALISED
SHORT TERM GAINS TO ATTRACT A...
Government of India
Ministry of Finance
Department of Revenue
Central Board of Direct Taxes
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Under the Indian Income Tax Act, 1961, the taxability of income from letting out of machinery, plant,...
Introduction
Agricultural land is a significant asset in India, providing employment to many people and...
The rules for valuation of specified fringe benefits or amenities arc as under:
1. Interest Free Or...
Death-cum-Retirement Gratuity is an important financial benefit provided to employees in India. It is...
Any profits or gains arising from the transfer of a capital asset effected in the previous year, shall...
Section 10(37) of the Income Tax Act, 1961 provides for the exemption of capital gains on compensation...
An Electoral Trust is a unique entity that plays a crucial role in the political funding of political...
Understanding of Section 80D
Section 80D of the Income Tax Act provides individuals with a deduction...
Government of India
Ministry of Finance
Department of Revenue
Central Board of Direct Taxes
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1. Introduction to Section 70 –
The Indian Income Tax Act, 1961, provides various provisions for...
Tax on Non-Agricultural Income with partial Agricultural Income
As already discussed, there is no tax...
When it comes to dealing with various processes and procedures, understanding the time limits, forms,...
Trade unions play a crucial role in protecting the rights and interests of workers. They negotiate with...
Tax incentives to International Financial Services Centre
International Financial Services Centre (IFSC)...
1. Section 35(1A) relating to Filing Of Statement of any sum received by a Research Association, University,...
1. Understanding of Section 80-IAC
The Income Tax Act, 1961 provides various deductions for taxpayers...
1. Litigation management when in an appeal by revenue an identical question of law is pending before...
Section 56(2)(viib) of the Income Tax Act, 1961, is a provision that pertains to closely-held companies...
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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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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Government of India
Ministry of Finance
Department of Revenue
Central Board of Direct Taxes
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New...