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

Section 10(2A)-Partner’s Share in the Total Income of a Partnership Firm
Section 10(2A) of the Income Tax Act, 1961 in India exempts a partner’s share in the total income...
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Tax Treatment of Pension [Section 17(1)(ii)]
Pension is a periodic payment made to an employee after retirement. Under Section 17(1)(ii) of the Income...
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Instance of Income held to be Agricultural / Non-Agricultural Income
In the following Cases, Instances of Agricultural and Non-Agricultural Incomes are described in details...
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Brought Forward Losses Must Be Set Off in the Immediately Succeeding Year/Years
Under the Income Tax Act, brought forward losses must be set off against eligible income in the immediately...
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Section 10(2): Amounts Received by a Member from HUF Income
Section 10(2) of the Income Tax Act, 1961, provides a tax exemption for sums received by a member of...
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Section 10(18)- Tax Exemption on Pension for Gallantry Award Winners
Purpose: This section provides a full tax exemption on pension received by government employees (or their...
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Credit and Debit Notes and Section 16(4) of the CGST Act for availing input tax credit (ITC)
INTRODUCTION- In the realm of Goods and Services Tax (GST), credit and Debit notes play a pivotal role...
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Section 54H of the Income Tax Act, 1961 in case of Capital Gain
Section 54H of the Income Tax Act, 1961 in India provided for an extension of time for acquiring a new...
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Income arising to a Shareholder on account of Buy Back of Shares [Section 10(34A)]
Income arising to a shareholder on account of Buy Back of Shares is governed by Section 10(34A) of the...
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Tax on Income of Certain Manufacturing Domestic Companies [Section 115BA]
1. Overview Section 115BA provides a concessional tax rate of 22% (plus surcharge & cess) for new...
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Tax on Non-Agricultural Income if the Assessee earns Agricultural Income also
Tax on Non-Agricultural Income with partial Agricultural Income As already discussed, there is no tax...
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Mandating Acceptance of Payments Through Prescribed Electronic Modes [Section 269SU, 271DB]
Here’s a detailed analysis of Sections 269SU and 271DB of the Income Tax Act, 1961, which mandate businesses...
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Revised TDS Threshold Limits FY 2025-26: Complete Guide with New Rules
Discover All Revised TDS Threshold Limits FY 2025-26. Learn About New Section 194T, Doubled Senior Citizen...
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[Section 192A]: Deduction of Tax from Recognized Provident Fund Withdrawals
Section 192A of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on premature withdrawals...
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Tax Exemptions for Funds/Institutions of National Importance [Section 10(23C) & Rules 2C/2CA]
1. Covered Entities (Section 10(23C)) The following enjoy 100% tax exemption on their income: Funds/institutions...
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Assessment after Evidence [Section 143(3)]
Section 143(3) deals with the scrutiny assessment process in Indian income tax law. This assessment is...
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Section 206C: Tax Collected at Source (TCS) on Sale of Specified Goods like Alcoholic Liquor, Forest Produce, Scrap, Minerals, And Motor Vehicles
Section 206C of the Income Tax Act, 1961 mandates sellers to collect tax at source (TCS) from buyers...
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[Section 234B (4)]: Increase/Decrease in Interest on Certain Orders
Section 234B(4) of the Income Tax Act, 1961 provides for the adjustment of interest when there is a subsequent...
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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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ULIP Taxation 2025-26: Capital Gains Rules, Tax Rates & Smart Investment Tips
Discover How ULIP Taxation 2025-26 Works Under The New Income Tax Act. Learn About Capital Gains Tax...
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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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