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

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...
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Perquisites - Valuation of Motor Car / Other Vehicles [Rule 3(2)]
As already discussed, motor car/other vehicles, provided by the employer, is a perquisite only for specified...
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Can Form DRC-01 under GST be Issued for Claim of Interest Only
INTRODUCTION- The Goods and Services Tax (GST) is a comprehensive and multi-stage tax system that aims...
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Changes Proposed in the GST Act by the Finance (No. 2) Bill 2024
The Finance (No. 2) Bill, 2024, introduces significant amendments to the Central Goods and Services Tax...
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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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Navigating Zero Rating and Export Dynamics in GST: A Comprehensive Analysis
In the intricate landscape of Goods and Services Tax (GST), the concepts of zero-rated supply and export...
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Specified income arising to a Notified Body / Authority / Board / Trust / Commission [Section 10(46)]
Section 10(46) of the Income Tax Act, 1961 provides for exemption from income tax of the specified income...
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Deductions Under 'Chapter VI-A' in respect of 'Incomes' are Allowed from Section 80-IA To 80U
1. Section 80-IAC: Deduction in respect of Eligible Business or Eligible Start Up Understanding of Section...
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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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Interest on Non-resident (External) Account [Section 10(4)]
Interest on Non-resident (External) Account (NRE) is exempt from income tax in India under Section 10(4)(ii)...
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Interpreting Actual Cost in Asset Valuation for Computation of Income Tax
The term “actual cost” in the context of asset acquisition plays a pivotal role in income...
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Provisions and Amendments Relating to “Simplification and Rationalisation” under Finance (No.2) Bill, 2024.
1. Introduction of Block Assessment Provisions in cases of Search under Section 132 and Requisition under...
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[Section 80JJAA]: Deduction in respect of Employment of New Employees
Section 80JJAA of the Indian Income Tax Act, 1961 provides a valuable deduction for employers who create...
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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...
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Residential Status [Sections 5 to 9B]
1.  Scope of Total Income / Incidence of Tax [Section 5] Total income of an assessee cannot be computed...
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Comprehensive Analysis on ESOP Taxation in India
Employee Stock Option Plans (ESOPs) are popular mechanisms through which companies attract, retain, and...
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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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Income of a Local Authority [Section 10(20)]
Section 10(20) of the Income Tax Act, 1961 provides exemption from income tax for the income of a local...
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Amount received on Voluntary Retirement [Section 10(10C)]
Section 10(10C) of the Income Tax Act provides an exemption to employees who receive a certain amount...
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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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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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