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
Understanding of Section 54
When an individual sells a residential house property, they are liable to...
1. Scope of Total Income / Incidence of Tax [Section 5]
Total income of an assessee cannot be computed...
1. Legal Basis
Proviso to Section 206C(3): Requires sellers/collectorsto submit a statement of TCS collected...
Here’s a detailed analysis of Section 278AB of the Income Tax Act, 1961, which empowers the Principal...
Here’s a detailed explanation of Section 271K of the Income Tax Act, 1961, which deals with penalties...
Section 10(10A) of the Income Tax Act in India relates to the tax treatment of payments made in commutation...
Leave encashment refers to the amount received by an employee in exchange for unused leave balance at...
Applicable to: Individuals & HUFs
This section provides tax benefits for health-related expenditures,...
Purpose:
This section provides a tax exemption on family pension received by the widow or children of...
Goods and Services Tax (GST) in India is a comprehensive, multi-stage, destination-based tax that is...
Here’s a consolidated table of the revised TDS threshold limits effective from April 1, 2025, based on...
The Sukanya Samriddhi Account is a popular savings scheme in India that aims to promote the education...
1. Basic Condition
A taxpayer is liable to pay advance tax if:
Estimated tax liability(after deducting...
Special Economic Zones (SEZs) have emerged as key drivers of economic growth and development in many...
Under Section 139(4C) of the Income Tax Act, 1961, specific categories of non-profit entities must file...
Here’s a detailed explanation of Section 78(2) regarding carry forward and set-off of losses in...
Under Section 17(2) of the Income Tax Act, 1961, certain perquisites are taxable for all employees, regardless...
Applicable to: Individuals & HUFs
Section 80C is one of the most popular tax-saving sections, allowing...
1. Key Features of Section 69
Objective: Targets unexplained investments(e.g., property, gold, shares)...
Section 10(24) of the Income Tax Act provides a tax exemption for certain types of income earned by registered...
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...