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

[Section 273A]: Power to Reduce or Waive Penalty, Etc., In Certain Cases
Here’s a detailed analysis of Section 273A of the Income Tax Act, 1961, which empowers tax authorities...
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Social Welfare Surcharge (SWS) - Amendment to Notification No. 11/2018 – Customs, Dated 02.02.2018 (W.E.F. 24.07.2024)
Following goods are being exempted from levy of Social Welfare Surcharge S. No. Description 1. Natural...
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Mandating Electronic Payment Acceptance (Sections 269SU & 271DB)
To promote digital transactions, the Income Tax Act mandates certain businesses to compulsorily accept...
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Preparation of Statement of Profit & Loss Under Section 115JB (2) for MAT Calculation
Section 115JB(2) mandates that the Statement of Profit & Loss (P&L) for MAT computation must...
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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....
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Computation of Book Profit Under Explanation 1 to Section 115JB (1) & (2)
Section 115JB mandates that companies calculate Minimum Alternate Tax (MAT) based on book profits (derived...
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Dispute Resolution Committee (DRC) [Section 245MA]
Section 245MA of the Income Tax Act, 1961, introduces a faceless dispute resolution mechanism for small...
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Can Form DRC-01 under GST be Issued for Claim of Interest Only
INTRODUCTION- The Goods and Services Tax (GST) is a comprehensive and multi-stage tax system that aims...
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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 200A: Processing of TDS Statements
1. Automated Processing by CPC-TDS Centralized Processing Center (CPC-TDS)processes all TDS returns Auto-validationof...
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Unexplained Cash Credits, Investments, Money, Etc. [ Section 68 TO 69D]
1.  Unexplained Cash Credits [Section 68] Where any sum is found credited in the books of an assessee,...
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Section 43B: Deductions Allowed Only on Actual Payment
Section 43B of the Income Tax Act, 1961 is a crucial provision that disallows certain expenses unless...
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Unexplained Investments Under Section 69
1. Key Features of Section 69 Objective: Targets unexplained investments(e.g., property, gold, shares)...
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Section 10(23DA)- Tax Exemption for income earned by a Securitisation Trust from the Activity of Securitisation
Section 10(23DA) of the Income Tax Act provides a tax exemption for income earned by a securitisation...
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Interest and withdrawals from Sukanya Samriddhi Account (SSA) [Section 10(11A)]
The Sukanya Samriddhi Account is a popular savings scheme in India that aims to promote the education...
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House Rent Allowance [Section 10(13A)]
House Rent Allowance (HRA) is a common component of most employees’ salary packages. It is provided...
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Income of a member of Scheduled Tribe residing in certain Specified Areas [Section 10(26)]
Section 10(26) of the Income Tax Act provides special provisions for the income of a member of a Scheduled...
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Deduction in Computing Total Income Under Chapter VI-A (Sections 80A to 80U)
Chapter VI-A of the Income Tax Act, 1961, provides various deductions from Gross Total Income (GTI) to...
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Section 80E: Deduction in respect of Payment of Interest on Loan taken for Higher Education
Education is an essential aspect of personal and professional growth. However, pursuing higher education...
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Exemption of Capital Gains on Compensation received on Compulsory Acquisition of Agricultural Land situated within Specified Urban Limits [Section 10(37)]
Section 10(37) of the Income Tax Act, 1961 provides for the exemption of capital gains on compensation...
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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 (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...
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