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
1. Perquisites [(Section 17(2)]- Income under the head Salaries
Section 17(2) of the Income-tax Act,...
As per Section 54D, the Capital Gain arising from the transfer, by way of compulsory acquisition under...
An individual may either be a:
(a) Resident in India; or
(b) Deemed to be Resident In India...
Under Section 10(18) of the Income Tax Act, certain awardees and their family members are eligible for...
Section 10(23C) of the Income Tax Act, 1961 provides for the exemption of income of certain funds of...
(A) In the case of every Individual or Hindu Undivided Family (HUF)
(A1) If the individual or HUF...
Section 10(48A) of the Income Tax Act provides an exemption in respect of income earned by a foreign...
The Finance (No. 2) Bill, 2024, has introduced several significant amendments to the capital gains tax...
Section 10(6) of the Income Tax Act, 1961 provides an exemption from income tax for certain income received...
The tax treatment of interest, premium, or bonus on specified investments is governed by Section 10(15)...
Section 10(5) of the Income Tax Act allows for certain tax exemptions on travel expenses provided by...
(1) Introduction to Section-72
Section 72, which deals with the carry forward and set off of business...
1. Unexplained Cash Credits [Section 68]
Where any sum is found credited in the books of an assessee,...
1. Clarification in respect of Disallowance under Section 14A in absence of any Exempt Income during...
Understanding of Section 80D
Section 80D of the Income Tax Act provides individuals with a deduction...
Section 10(48) of the Income Tax Act provides an exemption in respect of income received by certain foreign...
Ministry of Finance
GOVERNMENT MAKES NEW TAX REGIME MORE ATTRACTIVE
STANDARD REDUCTION INCREASED FROM...
1. Source of the funds or any other sum provided by the lender to the borrower and credited in hooks...
Understanding the intricacies of advance tax and self-assessment tax is crucial for both compliance and...
Provisions and Amendments Relating to Direct Tax Vivad se Vishwas Scheme, 2024
The Income-tax Act, 1961...
Knowledge Base on Taxation
It provides a solid foundation for a Knowledge Base on Taxation, covering both theoretical and practical elements.
It was introduced under chapter VIII of Finance Act, 2016. This chapter came in to force from 1st June,...
S.O. 1905(E) – In exercise of the powers conferred by sub-section (1) and sub-section (2) of section...
S.O. 614(E).-In exercise of the powers conferred by sub-section (2) of section 168 of Finance Act, 2016...
1. What is equalization levy (EL)?
This is a tax leviable on consideration received or receivable by...
The Finance (No. 2) Bill, 2024, has introduced several significant amendments to the capital gains tax...
Understanding the intricacies of advance tax and self-assessment tax is crucial for both compliance and...
Section 234C of the Income Tax Act, 1961, pertains to the levy of interest for deferment of advance tax....
Employee Stock Option Plans (ESOPs) are popular mechanisms through which companies attract, retain, and...
Tax Audit Forms
The Incomes prescribed two types of forms for tax audit:
Audit Report:
The audit report...
Press Release by PIB (Press Information Bureau)
Press Release by Press Information Bureau (PIB) is the nodal agency of the Government of India.
Government of India
Ministry of Finance
Department of Revenue
Central Board of Direct Taxes
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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...
Ministry of Finance
HIGHLIGHTS OF THE UNION BUDGET 2024-25
Posted On: 23 JUL 2024 1:17PM by PIB Delhi
The...
Government of India
Ministry of Finance
Department of Revenue
Central Board of Direct Taxes
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New...
Government of India
Ministry of Finance
Department of Revenue
Central Board of Direct Taxes
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New...