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

Section 190: Deduction at Source and Advance Payment
Section 190 of the Income Tax Act, 1961, governs the provisions related to Tax Deduction at Source (TDS),...
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Section 196B: TDS on Income from Units of Offshore Funds
Section 196B of the Income Tax Act, 1961 governs the Tax Deducted at Source (TDS) on income paid to non-residents or foreign...
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Form and Manner of Furnishing Return of Income [Rule 12 of Income Tax Rules, 1962]
Rule 12 of the Income Tax Rules, 1962, prescribes the forms, conditions, and procedures for filing income...
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Inquiry Before Assessment [Section 142]
Section 142 empowers the Assessing Officer (AO) to conduct a preliminary inquiry before finalizing an...
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Section 10(23BB)- Tax Exemption for the income of a Khadi and Village Industries Board
Section 10(23BB) of the Income Tax Act provides a tax exemption for the income of a Khadi and Village...
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Tax on Non-monetary Perquisites paid by employer [Section 10(10CC)]
Section 10(10CC) of the Income Tax Act, 1961 deals with the taxation of non-monetary perquisites provided...
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Specific Incomes included under ‘Income from Other Sources’ [Section 56(2)]
The Indian Income Tax Act, 1961 classifies taxable income under five distinct heads, with “Income...
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Conditions for Applicability of Sections 11 and 12
A. Basic Conditions for Section 11 (Income from Property Held for Charitable/Religious Purposes) Registration...
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Equalisation Levy (EL) Act, 2016
It was introduced under chapter VIII of Finance Act, 2016. This chapter came in to force from 1st June,...
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[Section 72A]- Carry Forward and Set Off of The Accumulated Business Losses and Unabsorbed Depreciation Allowance in Amalgamation/Demerger
Section 72A of the Income Tax Act, 1961, provides exceptional relief for companies undergoing restructuring...
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Rates of Depreciation under Companies Act, 2013 [Depreciation Rate Chart]
As per Part “C” of Schedule II of the Companies Act, 2013 after making following assumptions: The...
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[Section 80U]: Deduction in case of a Person with Disability
Section 80U of the Income Tax Act provides relief to individuals with disabilities by allowing them to...
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Set Off and Carry Forward of Speculation Losses [Section 73]
Section 73 of the Income Tax Act, 1961, governs the treatment of speculation business losses, imposing...
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Section 36-Other Deductions -Profits and Gains of Business and Profession
List of all Other Deductions which are specified under section 36 of the Indian Income Tax Act,1961,...
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Indexed Cost of Acquisition [Explanation (iii) to Section 48]
Explanation (iii) to Section 48 of the Income Tax Act, 1961, defines the indexed cost of acquisition for...
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Tax Collection at Source (TCS) - Lower Rate Provisions [Section 206C (9), (10), (11) and Rules 37G and 37H]
Here’s a structured overview of Collection of Tax at Lower Rate under Section 206C(9), (10), (11)...
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[Section 54GB]: Exemption of Long-Term Capital Gains Tax on Transfer of Residential Property if Invested in a New Manufacturing SME Company
Section 54GB of the Income Tax Act, 1961 in India provides for the exemption of long-term capital gains...
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Special Provisions for Tax on Buyback of Shares (Sections 115QA to 115QC)
Under the Income Tax Act, 1961, Sections 115QA to 115QC impose a tax on distributed income when a domestic...
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Best Judgment Assessment [Section 144]
Section 144 of the Income Tax Act, 1961, empowers the Assessing Officer (AO) to determine a taxpayer’s...
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Section 80-IB: Tax Deduction for Specific Industrial Undertakings
Applicable to: Manufacturing, SMEs, and select service providers This section provides partial to full...
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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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