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
1. Provision inserted under Clause ( c ) of explanation to Section 10(4D) applicable w.e.f. 2022-23
As...
1. Scope of Total Income / Incidence of Tax [Section 5]
Total income of an assessee cannot be computed...
S.O. 1905(E) – In exercise of the powers conferred by sub-section (1) and sub-section (2) of section...
There are many incomes which are taxable under the head ‘Income from Other Sources’. However, section...
Interest on Non-resident (External) Account (NRE) is exempt from income tax in India under Section 10(4)(ii)...
Understanding and Conditions of Section 115F
As a Non-Resident Indian (NRI), understanding the tax implications...
The National Savings Certificate (NSC) is a fixed Income Investment scheme that you can open with any...
Introduction
Agricultural land is a significant asset in India, providing employment to many people and...
The Public Provident Fund (PPF) scheme is a very popular long-term savings scheme in India because of...
1. Provision inserted under Clause ( c ) of explanation to Section 10(4D) applicable w.e.f. 2022-23
As...
Interest incomes which are exempt under section 10(15) could be explained with the help of the following...
Section 10(10D) of the Income Tax Act deals with the tax treatment of the sum assured received from a...
Any expenditure (not being expenditure of the nature described in sections 30 to 36) and not of capital...
Section 10(10B) of the Income Tax Act in India provides an exemption for compensation received by employees...
Section 10(10CC) of the Income Tax Act, 1961 deals with the taxation of non-monetary perquisites provided...
1. Section 35(1A) relating to Filing Of Statement of any sum received by a Research Association, University,...
Provident Fund (PF) is a social security scheme in India that provides financial assistance to employees...
1. What is PAN?
PAN stands for Permanent Account Number. PAN is a ten-digit unique alphanumeric number...
National Pension System (NPS) is a retirement benefit Scheme introduced by the Government of India to...
Under the Income Tax Rules/ Act, certain taxpayers are required to get their accounts audited and submit...
Knowledge Base on Taxation
It provides a solid foundation for a Knowledge Base on Taxation, covering both theoretical and practical elements.
It was introduced under chapter VIII of Finance Act, 2016. This chapter came in to force from 1st June,...
S.O. 1905(E) – In exercise of the powers conferred by sub-section (1) and sub-section (2) of section...
S.O. 614(E).-In exercise of the powers conferred by sub-section (2) of section 168 of Finance Act, 2016...
1. What is equalization levy (EL)?
This is a tax leviable on consideration received or receivable by...
The Finance (No. 2) Bill, 2024, has introduced several significant amendments to the capital gains tax...
Understanding the intricacies of advance tax and self-assessment tax is crucial for both compliance and...
Section 234C of the Income Tax Act, 1961, pertains to the levy of interest for deferment of advance tax....
Employee Stock Option Plans (ESOPs) are popular mechanisms through which companies attract, retain, and...
Tax Audit Forms
The Incomes prescribed two types of forms for tax audit:
Audit Report:
The audit report...
Press Release by PIB (Press Information Bureau)
Press Release by Press Information Bureau (PIB) is the nodal agency of the Government of India.
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...
Government of India
Ministry of Finance
Department of Revenue
Central Board of Direct Taxes
New Delhi,...
Ministry of Finance
FAQs issued by CBDT on the new Capital Gains Tax Regime proposed in the Union Budget...
Ministry of Finance
GOVERNMENT MAKES NEW TAX REGIME MORE ATTRACTIVE
STANDARD REDUCTION INCREASED FROM...
Ministry of Finance
CAPITAL GAINS TAXATION SIMPLIFIED AND RATIONALISED
SHORT TERM GAINS TO ATTRACT A...
Ministry of Finance
HIGHLIGHTS OF THE UNION BUDGET 2024-25
Posted On: 23 JUL 2024 1:17PM by PIB Delhi
The...
Government of India
Ministry of Finance
Department of Revenue
Central Board of Direct Taxes
******
New...
Government of India
Ministry of Finance
Department of Revenue
Central Board of Direct Taxes
******
New...