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

Most Useful by …
> 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

Section 15 Income Tax Act: Complete Guide to Salaries Chargeable to Tax
Learn What Income Is Chargeable Under Section 15  Income Tax Act 1961. Understand Due Basis Vs Receipt...
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Features of Assessment of a Firm including Limited Liability Partnership (LLP)
1. Firm to be Assessed as Firm Essential conditions prescribed under section 184 of the Income-tax Act,...
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Exemption in respect of income chargeable to Equalization Levy [Section 10(50)]
Section 10(50) of the Income Tax Act, 1961 provides for exemption from income tax in the hands of a non-resident...
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Commissioner's Power to Cancel Registration of Charitable & Religious Trusts
Under the Income Tax Act, 1961, the Commissioner of Income Tax (Exemption) [CIT(E)] has the authority...
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Belated Filing of Application for Registration of a Charitable & Religious Trust
The Income Tax Act, 1961 allows charitable and religious trusts to apply for belated registration under Section...
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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 10(8)- Exemption for Income under any Co-Operative Technical Assistance Programme and Projects
Understanding Section 10(8) Section 10(8) provides tax exemption for income received by: Foreign technicians/experts Employees...
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Section 197: General Provisions for Lower or Nil TDS Deduction
Section 197 of the Income Tax Act, 1961 provides a mechanism for taxpayers to obtain certificates for...
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[Section 194M]: TDS on Payments by Individuals/HUFs for Specified Expenses
Section 194M of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on certain payments made...
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Annual value of one ‘Palace’ of the Ex-Ruler [Section 10(19A)]
Section 10(19A) of the Income Tax Act, 1961, exempts the annual value of one palace in the occupation...
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Equalisation Levy (EL) Statement Scheme,2023
S.O. 614(E).-In exercise of the powers conferred by sub-section (2) of section 168 of Finance Act, 2016...
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[Section 273AA] : Power of Principal Commissioner / Commissioner to Grant Immunity from Penalty
Section 273AA of the Income Tax Act, 1961, empowers the Principal Commissioner or Commissioner to grant...
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Provisions and Amendments Relating to “Widening and Deepening of Tax Base and Anti-Avoidance” under Finance (No.2) Bill, 2024.
Tax on distributed income of domestic company for buy-back of shares Special provisions relating to tax...
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Cost of Improvement [Section 55(1)(b)]
Section 55(1)(b) of the Income Tax Act, 1961, defines the cost of improvement for capital assets, which...
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Exemption of amount received by an individual as Loan under Reverse Mortgage Scheme [Section 10(43)]
Reverse mortgage is a financial scheme that allows senior citizens to convert their home equity into...
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Blocked ITC Credits Under GST Section 17(5): What Every Business Owner Must Know
Confused About Blocked ITC Credits under GST Section 17(5) ? Learn The 6 Major Categories, Real Controversies,...
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Allowances Exempt for Certain Categories of Persons for Calculating Salary Income
Certain professionals and government employees receive special allowances that are fully or partially...
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Deemed Income Chargeable to Tax [Section 59]
Section 59 deals with deemed income that becomes taxable under the head “Income from Other Sources” when...
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Who Is a "Person" Under Income Tax? A Simple Guide to Section 2(31)
Learn Who Qualifies As A “Person” Under Income Tax According To Section 2(31). Discover Rules...
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Section 10(24)- Tax Exemption for certain types of income earned by Registered Trade Unions
Section 10(24) of the Income Tax Act provides a tax exemption for certain types of income earned by registered...
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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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