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

120 FAQs on Income Tax Bill 2025-Flip e-Book (PDF) for Tax Payers
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Income-Tax Deduction from Salaries During the Financial Year 2024-25 Under Section 192 of the Income-Tax Act, 1961
Circular No. 03/2025 [F. No. 275/107/2024-IT(B)] Dated 20th February, 2025 Government of India Ministry...
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[Section 45(1B)]: Capital Gain in case of Profits or Gains arising from receipt of the amount on Maturity of High Premium Unit Linked Insurance Policy (ULIP)
(1)        Unit Linked Insurance Policies (ULIPs) have gained popularity as a dual investment-cum-insurance...
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Seizure of Cash during GST search - Legal Aspect
This article delves into the legal framework surrounding cash seizure, the grounds on which authorities...
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[Section 54EC] : Exemption of Capital gain on Transfer of Long-Term Capital Assets being Land or Building or Both not to be charged on Investment in Certain-Bonds
Long-term capital gain arising on the transfer of any capital asset being land or building or both is...
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Amendments relating to Appeals and Revisions by the Finance Bill, 2022
1.  Litigation management when in an appeal by revenue an identical question of law is pending before...
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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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Comprehensive Analysis of Notification No. 12/2024–Central Tax
The Central Board of Indirect Taxes and Customs (CBIC) has released Notification No. 12/2024–Central...
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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...
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Income of an Electoral Trust shall be Exempt [Section 13B]
An Electoral Trust is a unique entity that plays a crucial role in the political funding of political...
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Pension received by certain Awardees/any Member of their family [Section 10(18)]
Under Section 10(18) of the Income Tax Act, certain awardees and their family members are eligible for...
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Compulsory Tax Audit of Accounts [Section 44AB] – Profits and Gains of Business and Profession
Following Business are required to get their Accounts compulsory Tax Audited by a Chartered Accountant...
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Capital Gain in the case of Transfer of Shares/Debentures by Non-Residents (Proviso 1 to Section 4 and Rule 115A)
Understanding of Capital Gain When it comes to the transfer of shares or debentures by non-residents,...
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Retrenchment Compensation received by Workmen [Section 10(10B)]
Retrenchment compensation is the amount paid to a workman (employee) at the time of termination of employment...
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Rates of Income Tax for Assessment Year 2022-23 & 2023-24
(A) In the case of every Individual or Hindu Undivided Family (HUF)   (A1)     If the individual...
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Statement of Financial Transactions (SFT)-An In-depth Analysis
In order to monitor high-value transactions conducted by taxpayers, a significant regulatory measure...
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Any sum received under a Life Insurance Policy [Section 10(10D)]
Section 10(10D) of the Income Tax Act, 1961, provides tax exemption on the sum received under a life...
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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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[Section 54G] : Exemption of Capital Gain on Transfer of Assets in cases of Shifting of Industrial Undertakings from Urban Areas
Under Section 54G, the Exemption is available to all categories of assessees in respect of Capital Gain...
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Section 80CCD : Deduction in respect of Contribution to a National Pension Scheme (NPS)
1.  Introduction to Section 80CCD Section 80CCD of the Indian Income Tax Act, 1961, provides for deductions...
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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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