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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> CA and Tax Professionals,
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> Individuals Filing Their Own Taxes,
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> Coveting 28 Chapters with 1280 Pages
1. Overview Under Section 210(1) of the Income Tax Act, 1961, taxpayers liable for advance tax must voluntarily...
1. Basic Principle of Assessment Clubbed income is assessed in the hands of the transferor (not the transferee)...
Under Section 54G, the Exemption is available to all categories of assessees in respect of Capital Gain...
Section 54 of the Income Tax Act, 1961 provides tax exemption on long-term capital gains (LTCG) arising...
1. Definition of ‘Transfer’ [Section 2(47)] A transfer includes: Sale, exchange, or relinquishment...
Applicable to: *Individuals aged 60+ years (including NRIs)* This section provides higher tax relief...
As per Section 44AA and Rule 6F, persons carrying on Business and Professions specified below are mandatorily...
Section 10(12A) of the Income Tax Act, 1961 provides important tax benefits for withdrawals from the...
1. Basic Rule for HUF Residency A HUF is Resident in India if: “Control and management of its affairs...
Section 26 of the Income Tax Act governs the taxation of income from properties jointly owned by two...
Here’s a detailed explanation of Section 269T of the Income Tax Act, 1961, which governs the mode of...
1. Section 35(1A) relating to Filing Of Statement of any sum received by a Research Association, University,...
The introduction of Section 128A in the Central Goods and Services Tax (CGST) Act, 2017, by the Finance...
List of all Other Deductions which are specified under section 36 of the Indian Income Tax Act,1961,...
Amendment of section 5. 147. In the Integrated Goods and Services Tax Act, 2017 (13 of 2017.) (hereinafter...
Section 194K of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on income distributed...
S.O. 614(E).-In exercise of the powers conferred by sub-section (2) of section 168 of Finance Act, 2016...
Here’s a detailed explanation of Section 206CB: Processing of Statements of Tax Collected at Source...
Chapter XIV-B (Sections 158BA, 158BB, 158BE): Replaces “total income” assessment with “undisclosed...
Business trusts have gained popularity in recent years as a unique investment vehicle. They offer investors...
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....
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...