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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> Coveting 28 Chapters with 1280 Pages
The following Essential & Basic Rules have to be kept in mind while calculating Deductions under...
Key Rule
When an individual converts their self-acquired property into HUF (Joint Family) property, any...
1. Scope of Total Income / Incidence of Tax [Section 5]
Total income of an assessee cannot be computed...
Section 142B of the Income Tax Act, 1961 empowers the Central Government to make schemes for faceless...
Retrenchment compensation is the amount paid to a workman (employee) at the time of termination of employment...
Section 293D empowers the Central Government to implement a faceless (digital) scheme for granting approvals...
1. Introduction to Section 80CCD
Section 80CCD of the Indian Income Tax Act, 1961, provides for deductions...
Here’s a detailed explanation of the taxability of dividends under Section 56(2)(i) as “Income...
Section 80DDB of the Income Tax Act in India provides a deduction for individuals and Hindu Undivided...
Section 9 of the Income Tax Act, 1961 is an important provision that deals with the taxation of income...
Applicable to: Individuals & HUFs
Section 80C is one of the most popular tax-saving sections, allowing...
The Income Tax Appellate Tribunal (ITAT) derives its adjudicatory powers from Section 254 of the Income...
Start-ups in India can benefit from significant tax exemptions under Section 80-IAC of the Income-tax...
Section 115JB ensures that companies with substantial book profits but low or no taxable income (due...
1. Business [Section 2(13)]
Business includes:
Any trade, commerce, or manufacturing activity;
Any adventure...
Section 37(1) of the Income Tax Act, 1961 is a crucial provision that allows businesses and professionals...
Section 36 of the Income Tax Act, 1961 lists specific deductions allowed against business income, in...
The provisions relating to Direct Taxes for the Financial Year 2025-26 in India include several key changes...
(A) In the case of every Individual or Hindu Undivided Family (HUF)
(A1) If the individual or HUF...
Section 50C of the Indian Income Tax Act, 1961, is applicable to the computation of capital gains in...
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.
These...
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...