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

Most Useful by …
> CA and Tax Professionals,
> Business Owner and Entrepreneurs,
> Individuals Filing Their Own Taxes,
> Financial Planners and Wealth Managers &
> Students and Academicians. 
> Coveting 28 Chapters with 1280 Pages

Exclusion of Time Taken for Obtaining Copy of Order [Section 268]
Section 268 of the Income Tax Act, 1961 provides a relief mechanism for taxpayers and the tax department...
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Section 10(5)-Leave Travel Concession (LTC)
Section 10(5) of the Income Tax Act, 1961, provides an exemption for Leave Travel Concession (LTC) or Leave...
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Section 10(23A)- Tax Exemption for Professional Associations
Purpose: This section provides tax exemption to professional associations (like medical councils, bar...
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Preparation of Statement of Profit & Loss Under Section 115JB (2) for MAT Calculation
Section 115JB(2) mandates that the Statement of Profit & Loss (P&L) for MAT computation must...
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Section 10(23FBA)- Tax Exemption for Investment Funds
Section 10(23FBA) of the Income Tax Act provides a targeted tax exemption for investment funds—but with...
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[Section 194LC]: TDS on Interest from Indian Company/Business Trust to Non-Residents
Section 194LC of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on interest payments...
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Tax Treatment of Provident Fund (PF) Contributions, Interest, And Withdrawals for Calculating Taxable Salary Income
Here’s a detailed table summarizing the tax treatment of Provident Fund (PF) contributions, interest,...
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Chargeability & Scope of Income Under "Profits and Gains of Business or Profession" (Section 28)
Section 28 of the Income Tax Act, 1961 defines the incomes chargeable under the head “Profits and...
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(Section 157A)-Faceless Rectification, Amendments and Issuance of Notice or Intimation
Overview Section 157A of the Income Tax Act, 1961, was introduced to empower the Central Government to...
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Section 13: Cases Where Section 11 Exemption Does Not Apply
Section 13 of the Income Tax Act, 1961 specifies situations where the tax exemptions under Section 11...
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Section 10(12C)- Tax Exemption on Payments from Agniveer Corpus Fund
Section 10(12C) of the Income Tax Act, 1961 provides important tax benefits for individuals enrolled...
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Exemption of income of a non-resident by way of royalty or interest on account of lease of an aircraft paid by a unit of an International Financial Services Centre (IFSC) [Section 10(4F)] [Inserted W.e.f. A.Y. 2022-23]
Section 10(4F) specifically applies to income earned by a non-resident from a unit of an International...
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Inverted Duty Structure (IDS) under GST
The Inverted Duty Structure (IDS) under the Goods and Services Tax (GST) regime is a situation where...
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Residential Status of Firm, Association of Persons (AOP), Body of Individuals (BOI) and of Other Persons (except Companies) [Section 6(2) and 6(4)]
1. General Rule for All Non-Company Entities [Section 6(2)] The residential status of Firms, AOPs, BOIs,...
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Tax Deduction and Collection Account Number (TAN) – Section 203A & Rule 114A
1. Legal Basis and Purpose Section 203Amandates obtaining a 10-digit alphanumeric TAN for entities deducting/collecting...
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‘Annual Value’ of House Property & It’s Computation under Income Tax Act, 1961
Annual Value is the taxable value assigned to a property for calculating “Income from House Property”....
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[Section 282A]: Authentication of Notices & Documents
1. What is Section 282A? Section 282A mandates proper authentication of all income tax notices, orders,...
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Compensation on Retrenchment [Section 10(10B)]
Section 10(10B) of the Income Tax Act in India provides an exemption for compensation received by employees...
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Section 80TTA: Deduction for Savings Account Interest
Applicable to: Individuals & HUFs (Non-Senior Citizens) This section provides tax relief on interest...
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Understanding Income Tax (Section 1 To 4)
The Income Tax Law in India is a complex and ever-changing set of regulations that govern the taxation...
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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. These...
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 (Section-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 The...
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