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
Section 10(23FF) of the Income Tax Act provides a targeted capital gains exemption for non-residents...
Income tax laws can be complex and confusing, especially when it comes to understanding the various exemptions...
To simplify tax compliance and enhance the ease of doing business, the Finance Act has proposed significant...
1. Scope of Total Income / Incidence of Tax [Section 5]
Total income of an assessee cannot be computed...
Section 7 of the Income Tax Act, 1961, defines certain incomes that are deemed to be received in India,...
Section 43B- Deductions Allowed only on Actual Payment -Profits and Gains of Business and Profession
Under Section 43B, some of the Expenses are allowed and can be claimed by the Assessee only in the year...
Section 10(1) of the Income-tax Act, 1961 exempts agricultural income from income-tax. However, net agricultural...
The deductions under Chapter VI-A (Sections 80A to 80U) are subject to certain overarching rules that...
Section 10(23FE) of the Income Tax Act provides a tax exemption for certain types of income earned by...
Section 80GG of the Income Tax Act allows individuals to claim deductions for the rent paid when they...
Section 10(5) of the Income Tax Act allows for certain tax exemptions on travel expenses provided by...
New Section 44BBD:
Section 44BBD, introduced by the Finance Act 2025, is a presumptive taxation scheme...
Section 79 of the Income Tax Act, 1961, imposes strict restrictions on the carry-forward and set-off...
As already discussed, motor car/other vehicles, provided by the employer, is a perquisite only for specified...
The following benefits are taxable for all employees, irrespective of their salary or designation. These...
Under the Employees’ Provident Fund (EPF) scheme, employers are required to contribute to a Recognised...
1. Legal Basis
Section 206C(6A)empowers tax authorities to impose penalties under Section 221 on sellers...
Section 15 of the Income Tax Act, 1961 defines what constitutes taxable salary income and specifies the...
Section 10(30) of the Income Tax Act provides a tax exemption for subsidies received by tea growers and...
When a disaster strikes, it can cause immense damage to life and property. In such difficult times, the...
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...