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 194-O of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on payments made by e-commerce...
Following Business are required to get their Accounts compulsory Tax Audited by a Chartered Accountant...
Section 234C of the Income Tax Act, 1961 imposes interest for deferring advance tax payments beyond the...
(A) In the case of every Individual or Hindu Undivided Family (HUF)
(A1) If the individual...
1. Introduction to Section 70 –
The Indian Income Tax Act, 1961, provides various provisions for...
The Sukanya Samriddhi Account is a popular savings scheme in India that aims to promote the education...
To promote digital transactions, the Income Tax Act mandates certain businesses to compulsorily accept...
(1) When a company goes into liquidation, it is important to understand the implications it can...
(1) In the world of business and taxation, there are various provisions and regulations that govern...
Section 281B of the Income Tax Act, 1961, deals with the Provisional Attachment of Property to Protect...
Tax on Non-Agricultural Income with partial Agricultural Income
As already discussed, there is no tax...
Here’s a detailed explanation of the penalty for failure to furnish the Equalisation Levy (EL)...
1. Scope of Total Income / Incidence of Tax [Section 5]
Total income of an assessee cannot be computed...
Section 194T, introduced by the Finance (No. 2) Bill, 2024, is effective from April 1, 2025. This section...
Section 54G of the Income Tax Act, 1961, provides tax exemption on capital gains arising from the transfer...
Section 10(4E) of the Income Tax Act, 1961 provides an exemption from tax on income arising from the...
1. Dividend Declaration vs. Retained Earnings
Dividends:
Taxable in shareholders’ hands (10%...
What is Assessment?
Assessment under the Income Tax Act, 1961 refers to the process by which the Income...
1. Source of the funds or any other sum provided by the lender to the borrower and credited in hooks...
Section 194-I of the Income Tax Act, 1961, a crucial piece of legislation in India, governs the taxation...
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...