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) Unit Linked Insurance Policies (ULIPs) have gained popularity as a dual investment-cum-insurance...
Understanding and Conditions of Section 115F
As a Non-Resident Indian (NRI), understanding the tax implications...
1. Income Tax Law
An understanding of the Income-tax law requires a study of the following:
(I) ...
With the increasing concerns about climate change and the need to reduce pollution, there has been a...
Income arising to a shareholder on account of Buy Back of Shares is governed by Section 10(34A) of the...
(1) Conditions to be satisfied for applicability of Section 112A [Section 112A(1)]:
Notwithstanding...
Pensions are fixed sums of money that individuals receive at regular intervals after retirement. They...
Section 10(1) of the Income-tax Act, 1961 exempts agricultural income from income-tax. However, net agricultural...
Exemption of amount received by an individual as Loan under Reverse Mortgage Scheme [Section 10(43)]
Reverse mortgage is a financial scheme that allows senior citizens to convert their home equity into...
Sovereign Gold Bonds (SGBs) are government securities denominated in grams of gold. They are substitutes...
Introduction
Section 54B of the Income Tax Act, 1961, provides an exemption on capital gains arising...
The Sukanya Samriddhi Account is a popular savings scheme in India that aims to promote the education...
Section 9, Income Accrue or Deemed to Accrue or Arise in India :
Section 9 describes the Incomes which...
In India, the Income Tax Act provides various exemptions to taxpayers to encourage investments and promote...
Section 80JJAA of the Indian Income Tax Act, 1961 provides a valuable deduction for employers who create...
1. Litigation management when in an appeal by revenue an identical question of law is pending before...
The authority vested in officers for search and seizure is a crucial aspect of upholding tax laws and...
A Post Office Savings Account is one of the most popular and accessible savings accounts in India.
The...
Notwithstanding anything contained in sections 30 to 38, the following amounts shall not be deducted...
Government of India
Department of Revenue
Ministry of Finance
Central Board of Direct Taxes
New Delhi,...
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
******
New...