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,
> Business Owner and Entrepreneurs,
> Individuals Filing Their Own Taxes,
> Financial Planners and Wealth Managers &
> Students and Academicians. 
> Coveting 28 Chapters with 1280 Pages

Key changes to Tax Collected at Source (TCS) effective from April 1, 2025
Here’s a structured table summarizing the key changes to Tax Collected at Source (TCS) effective from...
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Perquisites which are Taxable in the hands of All Categories of Employees
Under Section 17(2) of the Income Tax Act, 1961, certain perquisites are taxable for all employees, regardless...
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Procedure for Filing Appeal to Appellate Tribunal (ITAT) [Sections 253(3), (3A), (4), (5) & (6)]
The Income Tax Appellate Tribunal (ITAT) is the second appellate authority under the Income Tax Act,...
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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...
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[Section 194LBC]: TDS on Income from Securitisation Trust Investments
Section 194LBC of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on income distributed...
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[Section 194-IC]: TDS on Payments Under Joint Development Agreements (JDAs) referred to in Section 45(5A)
Section 194-IC of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on monetary payments...
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[Section 234G]: Fee for Default in Furnishing Statement / Certificate
Section 234G of the Income Tax Act, 1961, imposes a late fee on institutions, trusts, or funds that fail...
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Tax Treatment of Family Pension Payments Received by Legal Heirs of a Deceased Employee
Here’s a detailed analysis of the tax treatment of family pension payments received by legal heirs of...
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Section 10(4F)-Income of Non-Resident by way of Royalty or Interest, on account of Lease of An Aircraft
Section 10(4F) of the Income Tax Act, 1961 in India provides an exemption for income earned by a non-resident...
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Revocable Transfer of Assets [Section 61]
Concept: Section 61states that if an asset is transferred in a revocable manner, any income from that...
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Special Provisions for Avoiding Repetitive Appeals by Revenue [Section 158AA]
Section 158AA of the Income Tax Act, 1961 (inserted via Finance Act, 2015) provides a mechanism to prevent...
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Types of Capital Assets for Capital Gains Taxation
Capital assets are classified into different categories under the Income Tax Act, 1961, each with unique...
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Provisions and Amendments Relating to “Basic Customs Duty (BCD)” under Finance (No.2) Bill, 2024.
Note: (a)           “Basic Customs Duty (BCD)” means the customs duty levied under the Customs Act, 1962....
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Amendment in Prime Minister’s Package for Employment and Skilling Coverage and Estimated Central Outlay under Budget 2024-2025
  Enrolment Duration Expenditure Duration Beneficiaries Central Outlay   Years (lakhs) (Rs....
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Equalisation Levy (EL) Act, 2016
It was introduced under chapter VIII of Finance Act, 2016. This chapter came in to force from 1st June,...
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Section 154: Rectification of Mistakes in Income Tax Orders
Section 154 of the Income Tax Act, 1961, allows the Assessing Officer (AO), Commissioner (Appeals), or...
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Capital Gains Tax for Non-Residents on Transfer of Shares/Debentures [Proviso to Section 48 + Rule 115A]
When non-residents (NRIs/Foreign Investors) transfer shares/debentures of Indian companies, special tax...
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Clubbing of Income from Self-Acquired Property Converted to HUF Property [Section 64(2)]
Key Rule When an individual converts their self-acquired property into HUF (Joint Family) property, any...
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Social Welfare Surcharge (SWS) - Amendment to Notification No. 11/2018 – Customs, Dated 02.02.2018 (W.E.F. 24.07.2024)
Following goods are being exempted from levy of Social Welfare Surcharge S. No. Description 1. Natural...
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Section 80EE: Deduction for Interest on Home Loan (First-Time Homebuyers)
Applicable to: Individual taxpayers buying their first home This section provides an additional tax benefit for...
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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 (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...
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