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
Introduction
The people of India have reposed their faith in the government led by the Hon’ble Prime...
Section 10(10A) of the Income Tax Act in India relates to the tax treatment of payments made in commutation...
(1) When an asset is acquired by the government through the process of compulsory acquisition,...
Section 10(19) of the Income Tax Act provides an exemption for the family pension received by the family...
The Central Board of Direct Taxes (CBDT) has issued Notification No. 2 of 2024, which addresses the time...
(1) When a company goes into liquidation, it is important to understand the implications it can...
Income tax laws in India provide various deductions and exemptions to taxpayers, helping them reduce...
The rules for valuation of specified fringe benefits or amenities arc as under:
1. Interest Free Or...
The National Savings Certificate (NSC) is a fixed Income Investment scheme that you can open with any...
Section 10(4E) of the Income Tax Act, 1961 provides an exemption from tax on income arising from the...
Accommodation provided to the employee may be—
(i) unfurnished
(ii) furnished
Further, such...
1. Litigation management when in an appeal by revenue an identical question of law is pending before...
Any profits or gains arising from the transfer of a capital asset effected in the previous year, shall...
Section 54GB of the Income Tax Act, 1961 in India provides for the exemption of long-term capital gains...
1. Source of the funds or any other sum provided by the lender to the borrower and credited in hooks...
Any expenditure (not being expenditure of the nature described in sections 30 to 36) and not of capital...
Section 10(37) of the Income Tax Act, 1961 provides for the exemption of capital gains on compensation...
Zero-coupon bonds, also known as deep discount bonds, are fixed-income securities that do not pay periodic...
Sukanya Samriddhi Account is a Government of India backed saving scheme targeted at the parents of girl...
Section 80U of the Income Tax Act provides relief to individuals with disabilities by allowing them to...
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
******
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
******
New...
Government of India
Ministry of Finance
Department of Revenue
Central Board of Direct Taxes
******
New...