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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> 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
1. Dividend Declaration vs. Retained Earnings
Dividends:
Taxable in shareholders’ hands (10%...
Allowances form a significant part of salary income and are classified into three categories for tax...
The Inverted Duty Structure (IDS) under the Goods and Services Tax (GST) regime is a situation where...
Section 293D empowers the Central Government to implement a faceless (digital) scheme for granting approvals...
Section 190 of the Income Tax Act, 1961, governs the provisions related to Tax Deduction at Source (TDS),...
Notification No. 09/2025 [F. No. 370142/18/2024-TPL] Dated 21th January, 2025
MINISTRY OF FINANCE
(Department...
Here’s a detailed analysis of Section 278AB of the Income Tax Act, 1961, which empowers the Principal...
1. Definition & Applicability
Entertainment Allowance is a special allowance given to employees to...
Applicable to: DPIIT-recognized startups (Private Companies/LLPs)
This section provides a 100% tax deduction...
Here’s a detailed analysis of Section 271J of the Income Tax Act, 1961, which imposes penalties...
Section 10(4F) of the Income Tax Act, 1961 in India provides an exemption for income earned by a non-resident...
Understanding of Section 80D
Section 80D of the Income Tax Act provides individuals with a deduction...
Here’s a detailed breakdown of the valuation of motor car perquisites under Rule 3(2) of the Income Tax...
The taxpayer has to communicate the details of his taxable income/loss to the Income tax Department.
These...
Section 10(23C) of the Income Tax Act provides tax exemption to certain funds, institutions, universities,...
Section 10(23ED) of the Income Tax Act provides a tax exemption for income received by an Investor Protection...
Understanding of Section 54B
Agriculture plays a vital role in the economy of many countries, providing...
The Income Tax Act, 1961, includes specific provisions to protect the interests of Micro, Small, and...
The Tax Deduction and Collection Account Number (TAN) is a 10-digit alphanumeric number issued by the...
Under the Income Tax Act, 1961, taxpayers have several remedies against orders passed by the Commissioner...
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...