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,
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> Individuals Filing Their Own Taxes,
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> Coveting 28 Chapters with 1280 Pages
1. Key Features of Section 69C
Objective: Targets unexplained expenseswhere the assessee cannot prove...
Under the Income Tax Act, 1961, certain transactions or scenarios are treated as “deemed profits” and...
Understanding of Section 54
When an individual sells a residential house property, they are liable to...
Here’s a detailed overview of Return of Income and Procedure of Assessment (Sections 139 to 154) under...
Under Section 237 of the Income Tax Act, 1961, the following persons are entitled to claim a refund of...
Section 234C of the Income Tax Act, 1961, pertains to the levy of interest for deferment of advance tax....
Section 139B of the Income Tax Act, 1961, allows taxpayers to file their income tax returns through authorized...
Section 36 of the Income Tax Act, 1961 lists specific deductions allowed against business income, in...
Applicable to: *Individuals aged 60+ years (including NRIs)*
This section provides higher tax relief...
To avail tax exemption under Section 11, a charitable or religious trust must satisfy the following mandatory...
A. Purpose of CRS and FATCA
In this globalized economy, tax transparency and compliance has become paramount...
(1) Unit Linked Insurance Policies (ULIPs) have gained popularity as a dual investment-cum-insurance...
Key Rule:
Section 61 (taxation of revocable transfers) does NOT applyif the transfer is irrevocable...
The commuted value of pension refers to the lump sum amount received by an employee in lieu of a portion...
Section 10(23D) of the Income Tax Act provides a tax exemption for the income of certain mutual funds...
Section 63 defines what constitutes a revocable transfer for the purposes of Section 61. It clarifies...
Applicable to: Individuals & HUFs (Non-Senior Citizens)
This section provides tax relief on interest...
Section 10(12A) of the Income Tax Act, 1961 provides important tax benefits for withdrawals from the...
The Tonnage Tax Scheme is a special taxation regime introduced under Chapter XII-G (Sections 115V to...
Section 157 deals with the communication of losses determined by the Assessing Officer (AO) to taxpayers....
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...