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
Unrealised rent refers to rental income that is due but not received from a tenant. The Income Tax Act,...
Section 194D of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on payments made as insurance...
Yes, a tax audit under Section 44AB is compulsory even if the accounts are already audited under:
Other...
1. Statutory Framework
Section 5 defines the scope of total income based on the taxpayer’s residential...
Section 16 allows three key deductions from gross salary income before computing taxable salary. These...
Income under the head ‘Income from House Property’ under Section 22 to 27 has been described with practical...
Section 169 of the Finance Act, 2016 (Chapter VIII) governs the rectification of mistakes in the context...
Section 92 of The Income Tax Act 1961, states that any income, expenditure interest & allocation...
Section 194-IA of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on payments made for...
Note:
(a) “Basic Customs Duty (BCD)” means the customs duty levied under the Customs Act, 1962.
(b)...
1. Overview
Section 115BA provides a concessional tax rate of 22% (plus surcharge & cess) for new...
Introduction
In the world of business and finance, it is not uncommon for companies to convert their...
Under Section 10(35A) of the Act, any income received by an investor from a securitisation trust is exempt...
Section 194EE of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on withdrawals from...
The Income Tax Law in India is a complex and ever-changing set of regulations that govern the taxation...
Applicable to: Individuals & HUFs (for self or dependent relatives)
This section provides tax relief...
Section 115JB ensures that companies with substantial book profits but low or no taxable income (due...
Section 10(22B) of the Income Tax Act, 1961, exempts the income of a specified news agency from tax....
Section 30 to 35 covers the following expenses Allowed as Deduction while computing Profits and Gains...
Section 72 of the Income Tax Act, 1961, governs the carry forward and set-off of business losses, allowing...
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...