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
1. Understanding the Principle of Mutuality The principle of mutuality relates to the notion that a person...
Tax on distributed income of domestic company for buy-back of shares Special provisions relating to tax...
The Public Provident Fund (PPF) scheme is a very popular long-term savings scheme in India because of...
Revocation of Cancellation of Registration under GST is a process that allows a taxpayer to restore their...
According to Section 10(2A), any share of profit received by a partner from a firm is exempt from tax....
The National Savings Certificate (NSC) is a fixed Income Investment scheme that you can open with any...
1. Agricultural Income [Section 10(1)] As per Section 10(1) of the Income Tax Act, agricultural income...
Section 10(44) of the Income Tax Act, 1961 provides for exemption from income tax in India in respect...
Chargeability/Scope/Meaning of Income under the head “Profits and Gains of Business and Profession” under...
INTRODUCTION- The Goods and Services Tax (GST) is a comprehensive and multi-stage tax system that aims...
Section 56(2)(viib) of the Income Tax Act, 1961, is a provision that pertains to closely-held companies...
1. Scope of Total Income / Incidence of Tax [Section 5] Total income of an assessee cannot be computed...
Section 80G of the Income Tax Act, 1961 provides provisions for claiming deductions on donations made...
Section 67 of the Central Goods and Services Tax (CGST) Act, 2017 deals with the inspection, search,...
1. What is PAN? PAN stands for Permanent Account Number. PAN is a ten-digit unique alphanumeric number...
Provident Fund (PF) is a social security scheme in India that provides financial assistance to employees...
Under the Goods and Services Tax (GST) regime, Goods Transport Agency (GTA) and EWAY BILL are critical...
Tax Treatment of Partly Agricultural and Partly Non-Agricultural Income Tax Treatment of on Composite...
Any expenditure (not being expenditure of the nature described in sections 30 to 36) and not of capital...
The Income Tax Bill 2025 will come into effect from April 1, 2026, after it is vetted by a Select Committee...
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....
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...