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

Income-Tax (Second Amendment) Rules, 2025
Notification No. 10/2025 [F. No. 370142/26/2024-TPL] Dated 27th January, 2025 MINISTRY OF FINANCE (Department...
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[Section 89/Rule 21A]- Tax Relief when Salary is Paid in Arrears or in Advance
Cases or situations of Tax Relief under section Section 89/Rule 21A when Salary is Paid in Arrears or...
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Taxation of ESOPs (Employee Stock Option Plan) in India and Abroad
Employee Stock Option Plan (ESOP) has gained popularity as a tool for employee retention, especially...
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Provisions and Amendments Relating to “Widening and Deepening of Tax Base and Anti-Avoidance” under Finance (No.2) Bill, 2024.
Tax on distributed income of domestic company for buy-back of shares Special provisions relating to tax...
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Amendment of Sections (Integrated Goods and Services Tax-IGST) under Finance Bill (No.2), 2024.
Amendment of section 5. 147.  In the Integrated Goods and Services Tax Act, 2017 (13 of 2017.) (hereinafter...
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Amount received on Voluntary Retirement [Section 10(10C)]
Section 10(10C) of the Income Tax Act provides an exemption to employees who receive a certain amount...
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Amendments relating to Disallowance of the Expenditure in Respect of Exempt Income – by The Finance Bill 2022
1.  Clarification in respect of Disallowance under Section 14A in absence of any Exempt Income during...
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Section 80DDB : Deduction in respect of Medical Treatment, etc.
Section 80DDB of the Income Tax Act in India provides a deduction for individuals and Hindu Undivided...
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[Section 80RRB]: Deduction in respect of Royalty on Patents
Section 80RRB of the Income Tax Act, 1961, provides for a deduction in respect of royalty income received...
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Investment in National Pension Scheme (NPS)
National Pension System (NPS) is a retirement benefit Scheme introduced by the Government of India to...
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Income of an individual being a Sikkimese [Section 10(26AAA)]
Income tax laws can be complex and confusing, especially when it comes to understanding the various exemptions...
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Exemption in respect of income chargeable to Equalization Levy [Section 10(50)]
Section 10(50) of the Income Tax Act, 1961 provides for exemption from income tax in the hands of a non-resident...
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[Section 56(2)(ii)]: Taxability of Income from Letting Out of Machinery, Plant or Furniture
Under the Indian Income Tax Act, 1961, the taxability of income from letting out of machinery, plant,...
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Recent Changes in TDS Provisions- Latest Update
The Budget 2025 has introduced enhanced threshold limits for TDS, ensuring that smaller transactions...
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Interpreting Actual Cost in Asset Valuation for Computation of Income Tax
The term “actual cost” in the context of asset acquisition plays a pivotal role in income...
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GST Audit by Tax Authorities (Section 65) & Special Audit (Section 66) under GST
Section 65: Audit By Tax Authorities: Understanding the intricate process of GST audits, as outlined...
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Section 70: Inter-Source Adjustment – Set Off of Loss from one Source against Income from another Source under the same head of Income
1.  Introduction to Section 70 – The Indian Income Tax Act, 1961, provides various provisions for...
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Amendments relating to Indirect Taxes under Budget 2024-25 (Annexure to Part B)
A. Legislative Changes in Customs Laws A.1 Amendments in the Customs Act, 1962 (i) Section 28 DA is being...
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Section 80EEB: Deduction in respect of Purchase of Electric Vehicle
With the increasing concerns about climate change and the need to reduce pollution, there has been a...
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Changes Proposed in the GST Act by the Finance (No. 2) Bill 2024
The Finance (No. 2) Bill, 2024, introduces significant amendments to the Central Goods and Services Tax...
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Knowledge Base on Taxation

It provides a solid foundation for a Knowledge Base on Taxation, covering both theoretical and practical elements.

TCS on Remittances Outside India With Recent Changes
Section 206C of the Act provides for tax collection at source (TCS) on business of trading in alcoholic...
TDS Provisions on Partners of The Firm-A New Provision
Section 194T, introduced by the Finance (No. 2) Bill, 2024, is effective from April 1, 2025. This section...
Recent Changes in TDS Provisions- Latest Update
The Budget 2025 has introduced enhanced threshold limits for TDS, ensuring that smaller transactions...
Presumptive Assessment Under Income Tax Act- An Analysis
To give relief to small taxpayers from the tedious job of maintenance of books of account and from getting...
Major TDS Amendments Effective from 1st April 2025: A Comprehensive Overview
To simplify tax compliance and enhance the ease of doing business, the Finance Act has proposed significant...
Different Income Tax Forms for Filing Income Tax Return
The taxpayer has to communicate the details of his taxable income/loss to the Income tax Department....
Form 15CA and Form 15CB in Foreign Remittances under Income Tax Act, 1961
INTRODUCTION: Form 15CA and Form 15CB are essential documents under the Income Tax Act, 1961, for foreign...
Section 132: Search and Seizure Under Income Tax Act, 1961
Section 132 of the Income Tax Act, 1961, empowers the Income Tax Department to conduct search and seizure...
TDS on Rent Payments U/s 194I of Income Tax Act, 1961
Section 194-I of the Income Tax Act, 1961, a crucial piece of legislation in India, governs the taxation...
Exemption from Capital Gains for Individuals and HUFs
Under the Income Tax Act, 1961, individuals and Hindu Undivided Families (HUFs) can claim exemptions...
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Press Release by PIB (Press Information Bureau)

Press Release by Press Information Bureau (PIB) is the nodal agency of the Government of India.

Highlights of Union Budget 2025-26
Ministry of Finance HIGHLIGHTS OF UNION BUDGET 2025-26 Posted On: 01 FEB 2025 1:29PM by PIB Delhi PART...
CBDT Notifies Amendments in Income-Tax Rules, 1962 to prescribe conditions for applicability of Presumptive Taxation Regime for Non-Resident Cruise Ship Operators
Ministry of Finance Posted On: 22 JAN 2025 8:09PM by PIB Delh CBDT notifies amendments in Income-tax...
Enhancing Tax Transparency on Foreign Assets & Income: Understanding CRS & FATCA
A. Purpose of CRS and FATCA In this globalized economy, tax transparency and compliance has become paramount...
CBDT rolls out e-DRS Scheme, 2022 (PIB Press Release)
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...
CBDT relaxes provisions of TDS/TCS in the event of death of deductee/collectee before linkage of PAN and Aadhaar-(Press Release by PIB)
Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi,...
FAQs issued by CBDT on the new Capital Gains Tax Regime proposed in the Union Budget 2024-25 - (Press Release by PIB)
Ministry of Finance FAQs issued by CBDT on the new Capital Gains Tax Regime proposed in the Union Budget...
Government Makes New Tax Regime More Attractive Under Budget 2024-25 (Press Release by PIB)
Ministry of Finance GOVERNMENT MAKES NEW TAX REGIME MORE ATTRACTIVE STANDARD REDUCTION INCREASED FROM...
Capital Gains Taxation Simplified and Rationalised under Budget 2024-25-Press Release by PIB
Ministry of Finance CAPITAL GAINS TAXATION SIMPLIFIED AND RATIONALISED SHORT TERM GAINS TO ATTRACT A...
Highlights of The Union Budget 2024-25 - Press Release by PIB
Ministry of Finance HIGHLIGHTS OF THE UNION BUDGET 2024-25 Posted On: 23 JUL 2024 1:17PM by PIB Delhi...
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