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
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> Coveting 28 Chapters with 1280 Pages
Start-ups in India can benefit from significant tax exemptions under Section 80-IAC of the Income-tax...
1. Definition & Applicability
Entertainment Allowance is a special allowance given to employees to...
Section 194A mandates Tax Deducted at Source (TDS) on interest payments (excluding interest on securities)...
Section 22 of the Income Tax Act, 1961, defines when and how income from house property becomes taxable.
1....
Income referred to in Section 68, 69A, 69B, 69C and 69D which are undisclosed income and Investments...
Developmental financing institutions play a crucial role in promoting economic growth and development...
Section 234A(3) of the Income Tax Act, 1961, deals with interest payable when an assessee fails to file...
Section 72A of the Income Tax Act, 1961, provides exceptional relief for companies undergoing restructuring...
1. Provision inserted under Clause ( c ) of explanation to Section 10(4D) applicable w.e.f. 2022-23
As...
Section 10(23FBC) of the Income Tax Act provides a tax exemption for income earned by a unit holder from...
1. Litigation management when in an appeal by revenue an identical question of law is pending before...
When a property is partly self-occupied (SOP) and partly let out (LOP), the Income Tax Act treats it...
Section 10(4E) of the Income Tax Act, 1961 provides an exemption from tax on income arising from the...
Understanding of Capital Gain
When it comes to the transfer of shares or debentures by non-residents,...
Under Section 17(2) of the Income Tax Act, 1961, certain perquisites are taxable only for “specified...
1. Importance of Residential Status
Residential status determines:
Which incomes are taxable in India...
Here’s a detailed explanation of the taxability of dividends under Section 56(2)(i) as “Income...
1. Computation of Income under the head Income from “Salaries”
The first head of income is...
Purpose:
This section provides a full tax exemption on pension received by government employees (or their...
Section 284 of the Income Tax Act, 1961, governs how notices, orders, or summons must be served when...
Knowledge Base on Taxation
It provides a solid foundation for a Knowledge Base on Taxation, covering both theoretical and practical elements.
Section 206C of the Act provides for tax collection at source (TCS) on business of trading in alcoholic...
Section 194T, introduced by the Finance (No. 2) Bill, 2024, is effective from April 1, 2025. This section...
The Budget 2025 has introduced enhanced threshold limits for TDS, ensuring that smaller transactions...
To give relief to small taxpayers from the tedious job of maintenance of books of account and from getting...
To simplify tax compliance and enhance the ease of doing business, the Finance Act has proposed significant...
The taxpayer has to communicate the details of his taxable income/loss to the Income tax Department.
These...
INTRODUCTION:
Form 15CA and Form 15CB are essential documents under the Income Tax Act, 1961, for foreign...
Section 132 of the Income Tax Act, 1961, empowers the Income Tax Department to conduct search and seizure...
Section 194-I of the Income Tax Act, 1961, a crucial piece of legislation in India, governs the taxation...
Press Release by PIB (Press Information Bureau)
Press Release by Press Information Bureau (PIB) is the nodal agency of the Government of India.
Ministry of Finance
HIGHLIGHTS OF UNION BUDGET 2025-26
Posted On: 01 FEB 2025 1:29PM by PIB Delhi
PART...
Ministry of Finance
Posted On: 22 JAN 2025 8:09PM by PIB Delh
CBDT notifies amendments in Income-tax...
A. Purpose of CRS and FATCA
In this globalized economy, tax transparency and compliance has become paramount...
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...
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...