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. Income Tax Law
An understanding of the Income-tax law requires a study of the following:
(I) ...
The Public Provident Fund (PPF) scheme is a very popular long-term savings scheme in India because of...
Section 10(37) of the Income Tax Act, 1961 provides for the exemption of capital gains on compensation...
The Indian Income Tax Act, 1961, governs the taxation of various sources of income in India. One such...
Section 10(50) of the Income Tax Act, 1961 provides for exemption from income tax in the hands of a non-resident...
Term life insurance, also known as pure life insurance, is a type of life insurance that guarantees payment...
A recognized provident fund is a retirement savings scheme that is approved by the government. It is...
Under Section 10(35A) of the Act, any income received by an investor from a securitisation trust is exempt...
Section 9, Income Accrue or Deemed to Accrue or Arise in India :
Section 9 describes the Incomes which...
Section 80U of the Income Tax Act provides relief to individuals with disabilities by allowing them to...
1. Agricultural Income [Section 10(1)]
As per Section 10(1) of the Income Tax Act, agricultural income...
Tax on distributed income of domestic company for buy-back of shares
Special provisions relating to tax...
The rules for valuation of specified fringe benefits or amenities arc as under:
1. Interest Free Or...
1. Provision by the employer of services of a Sweeper, a Gardener, a Watchman or Personal Attendant...
An Electoral Trust is a unique entity that plays a crucial role in the political funding of political...
Following Business are required to get their Accounts compulsory Tax Audited by a Chartered Accountant...
When it comes to retirement planning, superannuation funds play a crucial role in providing financial...
Section 10(12B) of the Income Tax Act, 1961 provides tax exemption to partial withdrawals from the National...
Understanding of Capital Gain
When it comes to the transfer of shares or debentures by non-residents,...
Section 30 to 35 covers the following expenses Allowed as Deduction while computing Profits and Gains...
Knowledge Base on Taxation
It provides a solid foundation for a Knowledge Base on Taxation, covering both theoretical and practical elements.
It was introduced under chapter VIII of Finance Act, 2016. This chapter came in to force from 1st June,...
S.O. 1905(E) – In exercise of the powers conferred by sub-section (1) and sub-section (2) of section...
S.O. 614(E).-In exercise of the powers conferred by sub-section (2) of section 168 of Finance Act, 2016...
1. What is equalization levy (EL)?
This is a tax leviable on consideration received or receivable by...
The Finance (No. 2) Bill, 2024, has introduced several significant amendments to the capital gains tax...
Understanding the intricacies of advance tax and self-assessment tax is crucial for both compliance and...
Section 234C of the Income Tax Act, 1961, pertains to the levy of interest for deferment of advance tax....
Employee Stock Option Plans (ESOPs) are popular mechanisms through which companies attract, retain, and...
Tax Audit Forms
The Incomes prescribed two types of forms for tax audit:
Audit Report:
The audit report...
Press Release by PIB (Press Information Bureau)
Press Release by Press Information Bureau (PIB) is the nodal agency of the Government of India.
Government of India
Ministry of Finance
Department of Revenue
Central Board of Direct Taxes
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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...
Ministry of Finance
HIGHLIGHTS OF THE UNION BUDGET 2024-25
Posted On: 23 JUL 2024 1:17PM by PIB Delhi
The...
Government of India
Ministry of Finance
Department of Revenue
Central Board of Direct Taxes
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New...
Government of India
Ministry of Finance
Department of Revenue
Central Board of Direct Taxes
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New...