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

Preparation of Statement of Profit & Loss Under Section 115JB (2) for MAT Calculation
Section 115JB(2) mandates that the Statement of Profit & Loss (P&L) for MAT computation must...
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[Section 54]- Capital Gains Exemption on Sale of Residential House Property
Section 54 of the Income Tax Act, 1961 provides tax exemption on long-term capital gains (LTCG) arising...
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TDS on Winnings from Horse Races [Section 194BB]
Section 194BB of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on winnings from horse...
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[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...
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Section 80GG: Deduction in respect of Rent Paid
Section 80GG of the Income Tax Act allows individuals to claim deductions for the rent paid when they...
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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...
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Section 15: Incomes Chargeable to Income-Tax Under the Head "Salaries"
Section 15 of the Income Tax Act, 1961 defines what constitutes taxable salary income and specifies the...
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[Section 80JJAA]: Deduction in respect of Employment of New Employees
Section 80JJAA of the Indian Income Tax Act, 1961 provides a valuable deduction for employers who create...
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Recent Changes in TDS Provisions- Latest Update
The Budget 2025 has introduced enhanced threshold limits for TDS, ensuring that smaller transactions...
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Section 10(2): Amounts Received by a Member from HUF Income
Section 10(2) of the Income Tax Act, 1961, provides a tax exemption for sums received by a member of...
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Taxability of Dividends under Section 56(2)(i) as "Income from Other Sources"
Here’s a detailed explanation of the taxability of dividends under Section 56(2)(i) as “Income...
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Section 80EEB: Deduction for Interest on Electric Vehicle (EV) Loan
Applicable to: Individual taxpayers This section provides a deduction for interest paid on loans taken...
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Power to Withdraw Approval [Section 293C]
1. Overview Section 293C of the Income Tax Act, 1961 empowers the Central Government to withdraw approvals...
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Penal Provisions Related to Tax Collected at Source (TCS)
Here’s a structured table summarizing the penal provisions related to Tax Collected at Source (TCS) under Sections...
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Central Government hereby approves ‘Central Power Research Institute (CPRI)’ for ‘Scientific Research’ under the category of ‘Research Association’ of Section 35(1)(ii) – ‘07/2025’
Notification No. 07/2025 [F. No. 203/20/2024/ITA-II] Dated 14th January, 2025 MINISTRY OF FINANCE (Department...
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Penalty Not to Be Imposed in Certain Cases [Section 173]
Here’s a detailed explanation of Section 173 (Penalty Not to Be Imposed in Certain Cases) under the Equalisation...
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Short-Term Capital Gains Tax on Equity Shares and Equity-Oriented Funds (Section 111A)
Overview of STCG under Section 111A Short-term capital gains (STCG) arising from the transfer of equity...
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Penalty for Failure to Furnish Statements, etc. [Section 271H]
Here’s a detailed explanation of Penalty under Section 271H of the Income Tax Act, 1961, which applies...
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Belated Return [Section 139(4)]: Key Rules, Penalties & Filing Process
Section 139(4) of the Income Tax Act, 1961, allows taxpayers to file a belated return if they miss the...
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[Section 284]: Service of Notice in Case of Discontinued Business
Section 284 of the Income Tax Act, 1961, governs how notices, orders, or summons must be served when...
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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. These...
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 The...
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