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

Capital Gains on Sale of Agricultural Land
Introduction Agricultural land is a significant asset in India, providing employment to many people and...
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[Section 80QQB]: Deduction in respect of Royalty Income of Authors
Section 80QQB of the Income Tax Act provides a deduction in respect of royalty income earned by authors....
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Income of Notified Mutual Funds [Section 10(23D)]
When it comes to investing in mutual funds, it is important to understand the various tax implications....
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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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Residential Status [Sections 5 to 9B]
1.  Scope of Total Income / Incidence of Tax [Section 5] Total income of an assessee cannot be computed...
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TDS on Salary and Provident Fund [Section 192 and 192A]
TDS on Salary (Section 192) and TDS on Provident Fund (Section 192A) are provisions under the Income...
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Income of Trade Union [Section 10(24)]
Trade unions play a crucial role in protecting the rights and interests of workers. They negotiate with...
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GST Audit by Tax Authorities (Section 65) & Special Audit (Section 66) under GST
Section 65: Audit By Tax Authorities: Understanding the intricate process of GST audits, as outlined...
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[Section 54F] : Exemption of Capital Gain on Transfer of Asset, other than a Residential House
In India, the Income Tax Act provides various exemptions to taxpayers to encourage investments and promote...
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Chargeability/Scope/Meaning of Income [Section 28]-Profits and Gain of Business and Profession
Chargeability/Scope/Meaning of Income under the head “Profits and Gains of Business and Profession” under...
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Investment in Kisan Vikas Patra Yojana
Kisan Vikas Patra is a certificate scheme from the Indian post office. It doubles a one-time investment...
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A Closer Look at GST Refund Issues
INTRODUCTION- The Goods and Services Tax (GST) system has revolutionized taxation in India, streamlining...
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Payment in Commutation of Pension received by the Employees [Section 10(10A)]
Section 10(10A) of the Income Tax Act in India relates to the tax treatment of payments made in commutation...
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Amendment of Sections (Integrated Goods and Services Tax-IGST) under Finance Bill (No.2), 2024.
Amendment of section 5. 147.  In the Integrated Goods and Services Tax Act, 2017 (13 of 2017.) (hereinafter...
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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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Transactions where Quoting of PAN made Compulsory as prescribed by the Board [Section 139A (5)(c) and Rule 114B]
Every person shall quote his permanent account number in all documents pertaining to the transactions...
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Capital Gain on Conversion of Stock-in-Trade into Capital Asset [Section 28(via)]
Introduction In the world of business and finance, it is not uncommon for companies to convert their...
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Section 80DDB : Deduction in respect of Medical Treatment, etc.
Section 80DDB of the Income Tax Act in India provides a deduction for individuals and Hindu Undivided...
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Rates of Depreciation under Companies Act, 2013 [Depreciation Rate Chart]
As per Part “C” of Schedule II of the Companies Act, 2013 after making following assumptions:...
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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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Knowledge Base on Taxation

It provides a solid foundation for a Knowledge Base on Taxation, covering both theoretical and practical elements.

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...
Disallowances under the Income Tax Act related to MSME [Section 43B(h)]
The Income Tax Act, 1961, includes specific provisions to protect the interests of Micro, Small, and...
Analysis of Orders U/s 147 of Income Tax Act, 2017 towards Reassessment of Income
Section 147 of the Income Tax Act, 1961, deals with the reassessment of income if the Assessing Officer...
Section 115BAB for New Manufacturers to promote the "Make in India" initiative
Section 115BAB of the Income Tax Act, 1961, was introduced by the Finance Act, 2019, to provide a lower...
TDS on Salary and Provident Fund [Section 192 and 192A]
TDS on Salary (Section 192) and TDS on Provident Fund (Section 192A) are provisions under the Income...
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...
Amnesty Scheme under Section 128A of the CGST Act, 2017: A Comprehensive Overview
The introduction of Section 128A in the Central Goods and Services Tax (CGST) Act, 2017, by the Finance...
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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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