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

Investment in Post Office FD for Tax Savings
The Government of India’s Department of Posts, Ministry of Communications, offers fixed deposit accounts...
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Investment in National Pension Scheme (NPS)
National Pension System (NPS) is a retirement benefit Scheme introduced by the Government of India to...
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The Budget Speech for 2025-26 by Finance Minister Nirmala Sitharaman- Flip e-Book (PDF)
The Budget Speech for 2025-26 by Finance Minister Nirmala Sitharaman, presented in Parliament, outlines...
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Investment in Public Provident Fund (PPF)
The Public Provident Fund (PPF) scheme is a very popular long-term savings scheme in India because of...
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Section 71: Inter-Head Adjustment - Set Off of Loss from one Head against income from another Head
(1) Introduction to Section-71 (Inter-Head Adjustment) Under the Indian Income Tax Act, 1961, taxpayers...
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‘Income from Other Sources’- Taxability [Section 56 to 59]
1.  [Section 56(2)]: List of Incomes included under ‘Income from Other Sources’ There are many incomes...
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Tax Treatment of Income which is Partly Agricultural and Partly from Business [Rules 7,7A,7B,8]
Tax Treatment of Partly Agricultural and Partly Non-Agricultural Income Tax Treatment of on Composite...
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[Section 50C] : Computation of Capital Gains in Real Estate Transactions
Section 50C of the Indian Income Tax Act, 1961, is applicable to the computation of capital gains in...
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Amendments relating to Deduction and Collection of Tax at Source by the Finance Bill 2022
1.  Rationalization of provisions of TDS on sale of immovable property [Section 194-IA amended w.e.f....
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Equalisation Levy (EL) Statement Scheme,2023
S.O. 614(E).-In exercise of the powers conferred by sub-section (2) of section 168 of Finance Act, 2016...
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Exemption in respect of certain income of wholly owned subsidiary of Abu Dhabi Investment Authority and of Sovereign Wealth Fund [Section 10(23FE)]
Section 10(23FE) of the Income Tax Act provides an exemption in respect of certain income of wholly owned...
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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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Residential Status [Sections 5 to 9B]
1.  Scope of Total Income / Incidence of Tax [Section 5] Total income of an assessee cannot be computed...
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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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