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

Amendments Relating to Customs Duty Exemptions / Concessions Being Allowed to Lapse with effect from 30.9.2024 under Finance (No.2) Bill, 2024.
Certain BCD exemptions entries under S No. 50/2017-Customs dated 30.6.2017 and other notifications are...
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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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Revocation of Cancellation of Registration under GST: A Comprehensive Guide
Revocation of Cancellation of Registration under GST is a process that allows a taxpayer to restore their...
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Section 80EEB: Deduction in respect of Purchase of Electric Vehicle
With the increasing concerns about climate change and the need to reduce pollution, there has been a...
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Taxation of ESOPs (Employee Stock Option Plan) in India and Abroad
Employee Stock Option Plan (ESOP) has gained popularity as a tool for employee retention, especially...
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Amendment in Prime Minister’s Package for Employment and Skilling Coverage and Estimated Central Outlay under Budget 2024-2025
  Enrolment Duration Expenditure Duration Beneficiaries Central Outlay   Years (lakhs) (Rs....
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Section 80P: Deduction in respect of Income of Co-operative Societies
Understanding of Section 80P Section 80P of the Income Tax Act, 1961 provides a deduction in respect...
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Amendments relating to Income under the Head Profits and Gains of Business or Profession - By Finance Bill 2022
1.  Section 35(1A) relating to Filing Of Statement of any sum received by a Research Association, University,...
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Prescribed Audit Reports under the Income Tax Rules/ Act.
Under the Income Tax Rules/ Act, certain taxpayers are required to get their accounts audited and submit...
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Provisions and Amendments Relating to “Tax Administration” under Finance (No.2) Bill, 2024.
Provisions and Amendments Relating to Direct Tax Vivad se Vishwas Scheme, 2024 The Income-tax Act, 1961...
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Exemption in respect of certain income of wholly owned subsidiary of Abu Dhabi Investment Authority and of Sovereign Wealth Fund [Section 10(23FE)]
Section 10(23FE) of the Income Tax Act provides an exemption in respect of certain income of wholly owned...
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Amendment of Sections (Union Territory Goods and Services Tax-UTGST) under Finance Bill (No.2), 2024.
Amendment of section 7. 151.  In the Union Territory Goods and Services Tax Act, 2017 (14 of 2017.) (hereinafter...
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Provisions and Amendments Relating to “Widening and Deepening of Tax Base and Anti-Avoidance” under Finance (No.2) Bill, 2024.
Tax on distributed income of domestic company for buy-back of shares Special provisions relating to tax...
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Taxation of Pensions and Exemptions for Pensioners
Pensions are fixed sums of money that individuals receive at regular intervals after retirement. They...
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Deductions Under 'Chapter VI-A' in respect of 'Incomes' are Allowed from Section 80-IA To 80U
1. Section 80-IAC: Deduction in respect of Eligible Business or Eligible Start Up Understanding of Section...
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Exemption of income of a non-resident by way of royalty or interest on account of lease of an aircraft paid by a unit of an International Financial Services Centre (IFSC) [Section 10(4F)] [Inserted W.e.f. A.Y. 2022-23]
Section 10(4F) specifically applies to income earned by a non-resident from a unit of an International...
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Taxation of Association of Persons (AOP)
An Association of Persons (AOP), whether incorporated or not, is treated as a `person` under section...
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Income Tax Bill 2025: 'Section to Section Mapping' of I-T Act, 1961
The Income Tax Bill 2025 will come into effect from April 1, 2026, after it is vetted by a Select Committee...
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Section 71: Inter-Head Adjustment - Set Off of Loss from one Head against income from another Head
(1) Introduction to Section-71 (Inter-Head Adjustment) Under the Indian Income Tax Act, 1961, taxpayers...
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The Finance Bill 2025 - Flip e-Book (PDF) as part of the Union Budget 2025-26
The Finance Bill 2025, presented by Finance Minister Nirmala Sitharaman as part of the Union Budget 2025-26,...
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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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