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
Section 10(4G) of the Income Tax Act, 1961 in India provides an exemption for certain income earned by...
Developmental financing institutions play a crucial role in promoting economic growth and development...
1. Litigation management when in an appeal by revenue an identical question of law is pending before...
Section 44AB of the Income Tax Act, 1961 mandates a compulsory tax audit for businesses and professionals...
1. What is Section 282A?
Section 282A mandates proper authentication of all income tax notices, orders,...
Here’s a detailed analysis of Section 278AB of the Income Tax Act, 1961, which empowers the Principal...
Section 70 of the Income Tax Act, 1961, allows taxpayers to adjust losses from one source against income...
Employee Stock Option Plan (ESOP) has gained popularity as a tool for employee retention, especially...
Exemption of amount received by an individual as Loan under Reverse Mortgage Scheme [Section 10(43)]
Reverse mortgage is a financial scheme that allows senior citizens to convert their home equity into...
According to Section 10(7), allowances or perquisites received by an employee outside of India for rendering...
1. Key Features of Section 69C
Objective: Targets unexplained expenseswhere the assessee cannot prove...
Applicable to: Individuals & HUFs (for self or dependent relatives)
This section provides tax relief...
Section 10(23B) of the Income Tax Act provides a tax exemption for income earned by certain institutions...
When an employer provides accommodation in a hotel, guest house, or similar facility, its taxability...
Section 10(10D) provides tax exemption on amounts received from a life insurance policy, including:
Maturity...
Section 264B of the Income Tax Act, 1961, pertains to the faceless effect of orders passed under the...
Notification No. 13/2025 [F. No.370142/9/2024-TPL] Dated 07th February, 2025
MINISTRY OF FINANCE
(Department...
1. Understanding the Principle of Mutuality
The principle of mutuality relates to the notion that a person...
Section 54H of the Income Tax Act, 1961 in India provided for an extension of time for acquiring a new...
PARTICULARS
AMOUNT (₹)
REMARKS
Gross Receipts (Sales/Fees)
XXX
Total business income
Less: Cost...
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...