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

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income Tax Management
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AYs : 2025-26 & 2026-27

Most Useful by …
> CA and Tax Professionals,
> Business Owner and Entrepreneurs,
> Individuals Filing Their Own Taxes,
> Financial Planners and Wealth Managers &
> Students and Academicians. 
> Coveting 28 Chapters with 1280 Pages

Special Provisions for Foreign Companies Deemed Resident in India (Section 115JH)
Section 115JH of the Income Tax Act, 1961, provides transitional and computational rules for foreign...
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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...
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Section 281B: Provisional Attachment to Protect Revenue
Section 281B of the Income Tax Act, 1961, deals with the Provisional Attachment of Property to Protect...
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[Section 208]: Conditions for Liability to Pay Advance Tax
1. Basic Condition A taxpayer is liable to pay advance tax if: Estimated tax liability(after deducting...
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Section 10(13A)- Tax Exemptions on House Rent Allowance (HRA) received by an Employee to meet Rental Expenses
Section 10(13A) of the Income Tax Act, 1961 provides an exemption for the House Rent Allowance (HRA) received...
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Equalisation Levy (EL) Booklet
1. What is equalization levy (EL)? This is a tax leviable on consideration received or receivable by...
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Computation of Capital Gain in Certain Special Cases
Here we discuss all the Provisions towards Computation of Capital Gain in certain Special Cases and the...
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[Section 58]: Amounts Not Deductible in computing the income under the head ‘Income from Other Sources’
While the income from other sources is taxable, there are certain amounts that are not deductible while...
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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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Income Tax and the Principle of Mutuality
1. Understanding the Principle of Mutuality The principle of mutuality relates to the notion that a person...
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Income of an individual being a Sikkimese [Section 10(26AAA)]
Income tax laws can be complex and confusing, especially when it comes to understanding the various exemptions...
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Interest when not Deductible from “Income from House Property” [Section 25]
Section 25 of the Income Tax Act lays down a specific disallowance: certain types of interest payments...
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[Section 44AA and Rule 6F]- Maintenance of Accounts by Certain Persons carrying on Business and Profession
As per Section 44AA and Rule 6F, persons carrying on Business and Professions specified below are mandatorily...
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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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Expenses on Transfer of Capital Asset (Deductible from Capital Gains)
Under Section 48 of the Income Tax Act, 1961, certain expenses incurred during the transfer of a capital...
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Belated Filing of Application for Registration of a Charitable & Religious Trust
The Income Tax Act, 1961 allows charitable and religious trusts to apply for belated registration under Section...
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[Section 56(2)(ib)]: Taxability of Income from Winnings from Lotteries, Crossword Puzzles, Horse Races and Card Games
Under Section 56(2)(ib) of the Indian Income Tax Act, 1961, income from winnings is subject to taxation....
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Tax Planning for Retirement of Employees
Retirement planning is crucial for employees to ensure financial security post-retirement while minimizing...
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Section 10(11)- Tax Exemption on Provident Fund Withdrawals
Section 10(11) of the Income Tax Act provides tax exemption on withdrawals from a Statutory Provident...
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[Section 194G]: TDS on Commission from Lottery Ticket Sales
Section 194G of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on commission or remuneration...
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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. These...
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 (Section-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 The...
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