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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> 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

Share of Profit of a Partner from a Firm [Section 10(2A)]
According to Section 10(2A), any share of profit received by a partner from a firm is exempt from tax....
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Section 10(16)- Tax Exemption on Scholarships
Purpose: This section provides a full tax exemption on any scholarship granted to meet educational expenses,...
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Amendments relating to Indirect Taxes under Budget 2024-25 (Annexure to Part B)
A. Legislative Changes in Customs Laws A.1 Amendments in the Customs Act, 1962 (i) Section 28 DA is being...
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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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Amount received under a Life Insurance Policy [Section 10(10D)]
Section 10(10D) of the Income Tax Act deals with the tax treatment of the sum assured received from a...
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Taxation of Real Estate Transaction under GST
The Goods and Services Tax (GST), a comprehensive indirect tax system, has been a transformative step...
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Clubbing of Income from Self-Acquired Property Converted to HUF Property [Section 64(2)]
Key Rule When an individual converts their self-acquired property into HUF (Joint Family) property, any...
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[Section 54D] : Exemption of Capital Gain on Compulsory Acquisition of Land and Buildings forming part of an Industrial Undertaking
As per Section 54D, the Capital Gain arising from the transfer, by way of compulsory acquisition under...
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Interpreting Actual Cost in Asset Valuation for Computation of Income Tax
The term “actual cost” in the context of asset acquisition plays a pivotal role in income...
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Section 10(6BB)- Exemption for Foreign Governments/Enterprises on Aircraft Leasing Income
Section 10(6BB) of the Income Tax Act, 1961 provides a tax exemption to foreign governments or foreign...
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Valuation of Various Perquisites – for Calculating Salary Income
1.  Provision by the employer of services of a Sweeper, a Gardener, a Watchman or Personal Attendant...
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Return of Income for Certain Associations & Institutions [Section 139(4C)]
Under Section 139(4C) of the Income Tax Act, 1961, specific categories of non-profit entities must file...
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Basic Rules of Deductions under Section 80C to 80U [Sections 80A/80AB/80AC]
The following Essential & Basic Rules have to be kept in mind while calculating Deductions under...
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Section 80QQB: Deduction for Royalty Income of Authors
Applicable to: Individual authors/researchers (Indian residents) This section provides tax relief on royalty...
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Tonnage Tax Scheme Under Sections 115V to 115VZC: A Comprehensive Guide
The Tonnage Tax Scheme is a special taxation regime introduced under Chapter XII-G (Sections 115V to...
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[Section 269T] : Mode of Repayment of Certain Loans or Deposits and Specified Advance Received
Here’s a detailed explanation of Section 269T of the Income Tax Act, 1961, which governs the mode of...
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Incomes of Political Parties [Section-13A]
Political parties play a crucial role in any democratic society. They serve as the voice of the people,...
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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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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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Self-Assessment Under Section 140A
Section 140A mandates taxpayers to self-assess their income, calculate tax liability, and pay any outstanding...
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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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