complete tax solutions

Income Tax Management

Complete Tax Solutions for Students, Teachers, Salaried, Professional, Executives & Businessman

Deduction under Section 80TTB
[Section 80TTB]: Deduction in respect of Interest on Deposits in case of Senior Citizens
Section 80TTB of the Income Tax Act, 1961 provides a special deduction to senior citizens in respect...
Read More
Deduction under Section 80U
[Section 80U]: Deduction in case of a Person with Disability
Section 80U of the Income Tax Act provides relief to individuals with disabilities by allowing them to...
Read More
Section 72: Carry Forward and Set Off of Business Losses
Section 72: Carry Forward and Set Off of Business Losses
(1) Introduction to Section-72 Section 72, which deals with the carry forward and set off of business...
Read More
IncomeTax MANAGEMENT-Featured Image
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...
Read More
Section 70 Inter-Source Adjustment
Section 70: Inter-Source Adjustment – Set Off of Loss from one Source against Income from another Source under the same head of Income
1.  Introduction to Section 70 – The Indian Income Tax Act, 1961, provides various provisions for...
Read More
Section 71- Inter-Head Adjustment of Losses
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...
Read More
Set Off of Losses in case of an Individual or HUF
Special Provisions of Set Off of Losses in case of an Individual or HUF who has opted to be Taxed as per Provisions of Section 115BAC
Under the Income Tax Act, individuals and Hindu Undivided Families (HUFs) have the option to be taxed...
Read More
Clubbing of Income – Section 60 to 65
Clubbing of Income – Section 60 to 65
1.  Introduction to Clubbing of Income The Indian Income Tax Act, 1961, has provisions that prevent taxpayers...
Read More
Taxability of Income from Other Sources under Section 56 to 59
‘Income from Other Sources’- Taxability [Section 56 to 59]
1.  [Section 56(2)]: List of Incomes included under ‘Income from Other Sources’ There are many incomes...
Read More
[Section 56(2)]: List of Incomes included under ‘Income from Other Sources’
[Section 56(2)]: List of Incomes included under ‘Income from Other Sources’
There are many incomes which are taxable under the head ‘Income from Other Sources’. However, section...
Read More
IncomeTax MANAGEMENT-Featured Image
[Section 56(2)(i)] : Taxability of Dividend under Income from Other Sources
Understanding of Section 56(2)(i) In India, the taxation of dividends is governed by the provisions of...
Read More
Winnings from Lotteries Section 56(2)(ib)
[Section 56(2)(ib)]: Taxability of Income from Winnings from Lotteries, Crossword Puzzles, Horse Races and Card Games
Under Section 56(2)(ib) of the Indian Income Tax Act, 1961, income from winnings is subject to taxation....
Read More
Interest on Securities under Section 56(2)(id)
[Section 56(2)(id)]: Interest on Securities Taxable under Income from Other Sources
Interest income is one of the common sources of income for individuals and businesses alike. When it...
Read More
Letting Out of Machinery-Plant or Furniture Section 56(2)(ii)
[Section 56(2)(ii)]: Taxability of Income from Letting Out of Machinery, Plant or Furniture
Under the Indian Income Tax Act, 1961, the taxability of income from letting out of machinery, plant,...
Read More
Taxability of Gift of Money and Property Section 56(2)(x)
[Section 56(2)(x)] : Taxability of Gift of Money and Property under Income from Other Sources
The Indian Income Tax Act, 1961, governs the taxation of various sources of income in India. One such...
Read More
Amounts Not Deductible Section 58
[Section 58]: Amounts Not Deductible in computing the income under the head ‘Income from Other Sources’
While the income from other sources is taxable, there are certain amounts that are not deductible while...
Read More
Capital Asset [Section 2(14)] -Capital Gains
Meaning of Capital Asset [Section 2(14)] – Capital Gain
Any profits or gains arising from the transfer of a capital asset effected in the previous year, shall...
Read More
Computation of Capital Gain in Certain Special Cases
Computation of Capital Gain in Certain Special Cases
Here we discuss all the Provisions towards Computation of Capital Gain in certain Special Cases and the...
Read More
Capital Gains - Deemed Cost of Acquisition
Deemed Cost of Acquisition of Capital Asset for Computing Capital Gain
Section 55(2) – Cost of Acquisition of Capital Asset for Computing Capital Gain Cost of acquisition...
Read More
Computation of Capital Gains [Section 45(1A)
[Section 45(1A)]: Capital Gain in case of amount received from an insurer on account of Damage or Destruction of any Capital Asset
Where any person receives at any time during any  previous year any money or other assets under an insurance...
Read More
1 2 3 4 6
Scroll to Top