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 115BAB for New Manufacturers to promote the "Make in India" initiative
Section 115BAB of the Income Tax Act, 1961, was introduced by the Finance Act, 2019, to provide a lower...
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[Section 54D]- Exemption of Capital Gains on Compulsory Acquisition of Industrial Land/Building
Section 54D of the Income Tax Act, 1961, provides tax exemption on capital gains arising from the compulsory...
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Central Government Notifies that No Deduction of Tax shall be made under the Provisions of Section 194Q of the Income Tax Act, 1961 – ‘03/20525’
Notification No. 03/2025 [F. No. 275/109/2024-IT(B)] Dated 2nd January, 2025 MINISTRY OF FINANCE (Department...
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Section 196A: TDS on Income from Units of Non-Residents
Section 196A of the Income Tax Act, 1961 governs the Tax Deducted at Source (TDS) on income paid to non-residents (including foreign...
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Set Off or Carry Forward and Set Off of Losses [section 70 to 80]
1.  Section 70: Inter-Source Adjustment – Set Off of Loss from one Source against Income from another...
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Sum received by a Member from HUF [Section 10(2)]
Under Section 10(2) of the Income Tax Act, 1961, the sum received by a member from a Hindu Undivided...
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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...
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Section 10(23BBB)- Tax Exemption for income earned by the European Economic Community (EEC) in India
Section 10(23BBB) of the Income Tax Act provides a tax exemption for income earned by the European Economic...
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Tax Treatment of Compensation Received on Voluntary Retirement [Section 10(10C)]
Compensation received under a Voluntary Retirement Scheme (VRS) or Voluntary Separation Scheme is partially...
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Appeal to the Supreme Court [Section 261]
Under Section 261 of the Income Tax Act, 1961, an appeal can be filed before the Supreme Court of India against...
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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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Deductions Allowed from "Income from Other Sources" [Section 57]
Section 57 of the Income Tax Act, 1961, permits specific deductions while computing taxable income under...
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Amendments relating to Set off or Carry Forward and Set off of Losses by the Finance Bill 2022
1.  Provisions of Section 79 not to apply In case of Strategic Disinvestment of Public Sector Companies...
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[Section 220(2)]: Interest for Late Payment of Demand of Tax, Interest, Penalty, Etc.
Section 220(2) of the Income Tax Act, 1961, imposes interest @ 1% per month on unpaid tax demands if...
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Cost of Improvement [Section 55(1)(b)]
Section 55(1)(b) of the Income Tax Act, 1961, defines the cost of improvement for capital assets, which...
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Section 10(23FC)- Tax Exemption for Specific Types of income earned by a Business Trust
Section 10(23FC) of the Income Tax Act provides a tax exemption for specific types of income earned by...
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Rectification of Mistake [Section 169]
Section 169 of the Finance Act, 2016 (Chapter VIII) governs the rectification of mistakes in the context...
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Tax Treatment of Clubbed Income - Assessment Heads
When income is clubbed under Sections 60-65 of the Income Tax Act, it is taxed under the same head as...
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[Section 45(5)] : Capital Gain on Transfer by way of Compulsory Acquisition of an Asset
(1)        When an asset is acquired by the government through the process of compulsory acquisition,...
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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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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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