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 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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Computation of Tax on Long-Term Capital Gains (Other Than Section 112A Assets) Under Section 112
Overview of Section 112 Section 112 of the Income Tax Act, 1961 governs the taxation of long-term capital...
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Expenses allowed as a Deduction [Sections 30 to 35] -Profits and Gains of Business and Profession
Section 30 to 35 covers the following expenses Allowed as Deduction while computing Profits and Gains...
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Expenses on Transfer of Capital Asset (Deductible from Capital Gains)
Under Section 48 of the Income Tax Act, 1961, certain expenses incurred during the transfer of a capital...
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Permanent Account Number (PAN)[Section 139A and Rule 114]
Permanent Account Number (PAN) is a unique ten-digit alphanumeric code issued by the Income Tax Department...
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Section 10(10CC)- Tax Exemption on Perquisites Paid by Employer
Section 10(10CC) provides a unique tax benefit where certain perquisites paid by employers are exempt...
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[Section 54D]- Exemption of Capital Gains on Compulsory Acquisition of Industrial Land/Building
Section 54D of the Income Tax Act, 1961, provides tax exemption on capital gains arising from the compulsory...
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Rates of Depreciation under Companies Act, 2013 [ Depreciation Rate Chart]
as per Part “C” of Schedule II of the Companies Act, 2013 after making following assumptions: The...
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[Section 80DD]: Deduction in respect of Caring & Maintenance including Medical Treatment of a Disabled Dependent
Section 80DD of the Income Tax Act in India provides a deduction for individuals or Hindu Undivided Families...
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Instance of Income held to be Agricultural / Non-Agricultural Income
In the following Cases, Instances of Agricultural and Non-Agricultural Incomes are described in details...
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Section 72: Carry Forward and Set Off of Business Losses
(1) Introduction to Section-72 Section 72, which deals with the carry forward and set off of business...
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Section 16 – Deductions from Salaries
So far, we have discussed what are the various incomes, allowances and perquisites which are exempt and...
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Investment in Post Office Monthly Income Scheme (POMIS)
The Post Office has been a trusted place for depositing and transacting with money. This is especially...
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[Section 194E]: TDS on Payments to Non-Resident Sportsmen, Sports Associations, or Entertainers
Section 194E of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on payments made to non-resident...
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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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Verification of Income Tax Returns [Section 140]
Section 140 of the Income Tax Act, 1961 specifies who must verify the return of income and the authorized...
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Section 10(15)- Tax Exemption on Interest Income
This section provides tax exemptions on certain types of interest income earned from specified bonds,...
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Section 10(12B)- Tax Exemptions on Partial Withdrawals from the National Pension System (NPS) Trust for Employees
Section 10(12B) of the Income Tax Act, 1961 provides tax exemptions on partial withdrawals from the National...
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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...
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Income of a Local Authority [Section 10(20)]
Section 10(20) of the Income Tax Act, 1961 provides exemption from income tax for the income of a local...
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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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