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
Under the Employees’ Provident Fund (EPF) scheme, employers are required to contribute to a Recognised...
Section 44AE of the Income Tax Act, 1961 provides a simplified presumptive taxation scheme for businesses...
Applicable to: Individual taxpayers
This section provides a deduction for interest paid on loans taken...
Section 17(3) defines “profits in lieu of salary” as payments received by an employee in...
Objective: To discourage large cash transactions and promote digital payments.
1. Key Provisions of Section...
Section 54GA of the Income Tax Act, 1961, provides tax exemption on capital gains when a business relocates...
1. Provisions of Section 79 not to apply In case of Strategic Disinvestment of Public Sector Companies...
Ministry of Finance
GOVERNMENT MAKES NEW TAX REGIME MORE ATTRACTIVE
STANDARD REDUCTION INCREASED FROM...
Introduction
Section 54B of the Income Tax Act, 1961, provides an exemption on capital gains arising...
Section 143(3) deals with the scrutiny assessment process in Indian income tax law. This assessment is...
Section 10(34A) of the Income Tax Act provides a tax exemption for shareholders on income received from...
1. Income Tax Law
An understanding of the Income-tax law requires a study of the following:
(I) ...
Tax on Non-Agricultural Income with partial Agricultural Income
As already discussed, there is no tax...
What is Assessment?
Assessment under the Income Tax Act, 1961 refers to the process by which the Income...
Under Section 56(2)(ib) of the Indian Income Tax Act, 1961, income from winnings is subject to taxation....
Here’s a detailed overview of Return of Income and Procedure of Assessment (Sections 139 to 154) under...
Section 194-IC of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on monetary payments...
Section 10(6D) provides a tax exemption to non-residents (other than foreign companies) on income received...
Applicable to: First-time homebuyers of affordable housing
This section provides an enhanced tax benefit for...
Overview of STCG under Section 111A
Short-term capital gains (STCG) arising from the transfer of equity...
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...