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
Notified special allowance is an allowance that has been notified by the Central Government under Section...
Section 10(4H) of the Income Tax Act, 1961 in India provides an exemption for certain income earned by...
Section 194-I of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on rent payments exceeding...
1. Basic Rule for HUF Residency
A HUF is Resident in India if:
“Control and management of its affairs...
Revocation of Cancellation of Registration under GST is a process that allows a taxpayer to restore their...
Section 245MA of the Income Tax Act, 1961, introduces a faceless dispute resolution mechanism for small...
The Supreme Court of India’s decision in the case of Chief Commissioner of Central Goods and Services...
As already discussed, motor car/other vehicles, provided by the employer, is a perquisite only for specified...
This article delves into the legal framework surrounding cash seizure, the grounds on which authorities...
Applicable to: Individuals & HUFs
Section 80C is one of the most popular tax-saving sections, allowing...
Here’s a detailed summary of the removal of the Equalisation Levy (EL) in India, including key changes,...
So far, we have discussed what are the various incomes, allowances and perquisites which are exempt and...
The Budget 2025 has introduced enhanced threshold limits for TDS, ensuring that smaller transactions...
Section 44AB of the Income Tax Act, 1961 mandates a compulsory tax audit for businesses and professionals...
Chargeability/Scope/Meaning of Income under the head “Profits and Gains of Business and Profession” under...
Section 115JH of the Income Tax Act, 1961, provides transitional and computational rules for foreign...
1. Section 70: Inter-Source Adjustment – Set Off of Loss from one Source against Income from another...
To avail tax exemption under Section 11, a charitable or religious trust must satisfy the following mandatory...
Section 80QQB of the Income Tax Act provides a deduction in respect of royalty income earned by authors....
The “Full Value of Consideration” (FVC) is the total amount received or receivable when a...
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...