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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> Coveting 28 Chapters with 1280 Pages
Section 40A of the Income Tax Act, 1961 specifies certain expenses or payments that cannot be deducted while...
Section 28 of the Income Tax Act, 1961 defines the incomes chargeable under the head “Profits and...
Gratuity is a significant part of an employee’s remuneration package. It is a payment made by an employer...
Here’s a detailed analysis of the taxability of interest on compensation or enhanced compensation under...
Section 80TTB of the Income Tax Act, 1961 provides a special deduction to senior citizens in respect...
Here’s a detailed explanation of the Procedure for Imposing Penalty under Section 274 of the Income Tax...
Section 10(20) of the Income Tax Act, 1961 provides exemption from income tax for the income of a local...
Section 10(4D) of the Income Tax Act, 1961 in India provides an exemption for certain income earned by...
1. Basic Concepts
Firm: Partnership firm registered under Partnership Act, 1932
LLP: Limited Liability...
Section 43CA of the Income Tax Act, 1961 addresses the taxation of undervalued transactions involving business...
The Income Tax Act provides multiple exemptions to reduce or eliminate capital gains tax liability if...
Section 80C of the Income Tax Act allows individuals to claim deductions on certain investments and expenses,...
Insertion of new section 8A.
153. In the Goods and Services Tax (Compensation to States) Act, 2017 (15...
The Goods and Services Tax (GST), a comprehensive indirect tax system, has been a transformative step...
[Section 46A] : Capital Gains on Purchase by Company of its Own Shares or Other Specified Securities
(1) Capital gains tax is an important aspect of the Indian Income Tax Act, 1961. Section 46A of...
Section 115JH of the Income Tax Act, 1961, provides transitional and computational rules for foreign...
INTRODUCTION-
The Goods and Services Tax (GST) system has revolutionized taxation in India, streamlining...
The Budget 2025 has introduced enhanced threshold limits for TDS, ensuring that smaller transactions...
A format to compute the capital gain is given below:
Computation of Short-term Capital Gains
Full...
Trade unions play a crucial role in protecting the rights and interests of workers. They negotiate with...
Knowledge Base on Taxation
It provides a solid foundation for a Knowledge Base on Taxation, covering both theoretical and practical elements.
Section 206C of the Act provides for tax collection at source (TCS) on business of trading in alcoholic...
Section 194T, introduced by the Finance (No. 2) Bill, 2024, is effective from April 1, 2025. This section...
The Budget 2025 has introduced enhanced threshold limits for TDS, ensuring that smaller transactions...
To give relief to small taxpayers from the tedious job of maintenance of books of account and from getting...
To simplify tax compliance and enhance the ease of doing business, the Finance Act has proposed significant...
The taxpayer has to communicate the details of his taxable income/loss to the Income tax Department.
These...
INTRODUCTION:
Form 15CA and Form 15CB are essential documents under the Income Tax Act, 1961, for foreign...
Section 132 of the Income Tax Act, 1961, empowers the Income Tax Department to conduct search and seizure...
Section 194-I of the Income Tax Act, 1961, a crucial piece of legislation in India, governs the taxation...
Press Release by PIB (Press Information Bureau)
Press Release by Press Information Bureau (PIB) is the nodal agency of the Government of India.
Ministry of Finance
HIGHLIGHTS OF UNION BUDGET 2025-26
Posted On: 01 FEB 2025 1:29PM by PIB Delhi
PART...
Ministry of Finance
Posted On: 22 JAN 2025 8:09PM by PIB Delh
CBDT notifies amendments in Income-tax...
A. Purpose of CRS and FATCA
In this globalized economy, tax transparency and compliance has become paramount...
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...