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

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...
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Amendments relating to Appeals and Revisions by the Finance Bill, 2022
1.  Litigation management when in an appeal by revenue an identical question of law is pending before...
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Tax Treatment of Income which is Partly Agricultural and Partly from Business [Rules 7,7A,7B,8]
Tax Treatment of Partly Agricultural and Partly Non-Agricultural Income Tax Treatment of on Composite...
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Revocation of Cancellation of Registration under GST: A Comprehensive Guide
Revocation of Cancellation of Registration under GST is a process that allows a taxpayer to restore their...
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[Section 56(2)(ib)]: Taxability of Income from Winnings from Lotteries, Crossword Puzzles, Horse Races and Card Games
Under Section 56(2)(ib) of the Indian Income Tax Act, 1961, income from winnings is subject to taxation....
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GST Audit U/s 65 of the CGST Act, 2017- Procedure and Precautions
GST Audit under Section 65 of the CGST Act, 2017 is conducted by the tax authorities to verify the correctness...
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Section 80CCD : Deduction in respect of Contribution to a National Pension Scheme (NPS)
1.  Introduction to Section 80CCD Section 80CCD of the Indian Income Tax Act, 1961, provides for deductions...
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Meaning of Capital Asset [Section 2(14)] – Capital Gain
Any profits or gains arising from the transfer of a capital asset effected in the previous year, shall...
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Section 36-Other Deductions -Profits and Gains of Business and Profession
List of all Other Deductions which are specified under section 36 of the Indian Income Tax Act,1961,...
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Incomes of Political Parties [Section-13A]
Political parties play a crucial role in any democratic society. They serve as the voice of the people,...
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Clubbing of Income – Section 60 to 65
1.  Introduction to Clubbing of Income The Indian Income Tax Act, 1961, has provisions that prevent taxpayers...
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[Section 54B]: Exemption of Capital Gain on Transfer of Land used for Agricultural Purposes
Understanding of Section 54B Agriculture plays a vital role in the economy of many countries, providing...
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[Section 80U]: Deduction in case of a Person with Disability
Section 80U of the Income Tax Act provides relief to individuals with disabilities by allowing them to...
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Amendment of Goods and Services Tax (Compensation to States) under Finance Bill (No.2), 2024.
Insertion of new section 8A. 153.  In the Goods and Services Tax (Compensation to States) Act, 2017 (15...
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[Section 54F] : Exemption of Capital Gain on Transfer of Asset, other than a Residential House
In India, the Income Tax Act provides various exemptions to taxpayers to encourage investments and promote...
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Amendment of Sections (Union Territory Goods and Services Tax-UTGST) under Finance Bill (No.2), 2024.
Amendment of section 7. 151.  In the Union Territory Goods and Services Tax Act, 2017 (14 of 2017.) (hereinafter...
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Disallowances under the Income Tax Act related to MSME [Section 43B(h)]
The Income Tax Act, 1961, includes specific provisions to protect the interests of Micro, Small, and...
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Section 80P: Deduction in respect of Income of Co-operative Societies
Understanding of Section 80P Section 80P of the Income Tax Act, 1961 provides a deduction in respect...
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'Voluntary Retirement Compensation' from a Public Sector Company or any other Company [Section 10(10C)]
Voluntary Retirement Scheme (VRS) is a mechanism used by companies to reduce their workforce by offering...
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Provisions and Amendments Relating to “Rates of Income Tax” under Finance (No.2) Bill, 2024
The provisions of Finance (No. 2) Bill, 2024 (hereafter referred to as “the Bill”), relating...
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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....
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 U/s 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...
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