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 Implications on Gratuity: A Comprehensive Guide
Gratuity is a significant part of an employee’s remuneration package. It is a payment made by an employer...
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Amendments relating to Unexplained Cash Credits, Investment, Money etc. by the Finance Bill 2022
1.  Source of the funds or any other sum provided by the lender to the borrower and credited in hooks...
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Valuation of Various Perquisites – for Calculating Salary Income
1.  Provision by the employer of services of a Sweeper, a Gardener, a Watchman or Personal Attendant...
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Amendments to Other Proposals Involving Changes in Basic Customs Duty Rates in Notifications under Finance (No.2) Bill, 2024.
A.   Changes in Basic Customs Duty (to be effective from 24.07.2024) S. No. Chapter, Heading, sub- heading,...
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Amendments relating to Penalties and Prosecutions by the Finance Bill, 2022
1.  Enabling the Commissioner (Appeals) to levy Penalty under Section 271AAB. 271AAC and 271AAD of the...
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[Section 45(2)] : Capital Gain on Conversion of Capital Asset into Stock-in-Trade
(1)        In the world of business and taxation, there are various provisions and regulations that govern...
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Understanding Section 56(2)(viib) of the Income Tax Act, 1961
Section 56(2)(viib) of the Income Tax Act, 1961, is a provision that pertains to closely-held companies...
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A Exemption of certain income received by a Specified Fund [Section 10(4D)]
Under Section 10(4D) of the Income Tax Act, a specified fund is eligible for certain exemptions on its...
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Taxation of Unit Linked Insurance Plans (ULIPs): A Comprehensive Guide
Unit Linked Insurance Plans (ULIPs) are a unique financial product that offers the dual benefits of life...
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Income of Notified Mutual Funds [Section 10(23D)]
When it comes to investing in mutual funds, it is important to understand the various tax implications....
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[Section 54B]: Exemption of Capital Gain on Transfer of Land used for Agricultural Purposes
Understanding of Section 54B Agriculture plays a vital role in the economy of many countries, providing...
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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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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...
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Income From “House Property” [Section 22 to 27]
Income under the head ‘Income from House Property’ under Section 22 to 27 has been described with practical...
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Expenses allowed as a Deduction [Sections 30 to 35] -Profits and Gains of Business and Profession
Section 30 to 35 covers the following expenses Allowed as Deduction while computing Profits and Gains...
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Income arising to a Shareholder on account of Buy Back of Shares [Section 10(34A)]
Income arising to a shareholder on account of Buy Back of Shares is governed by Section 10(34A) of the...
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Investment in Post Office Monthly Income Scheme (POMIS)
The Post Office has been a trusted place for depositing and transacting with money. This is especially...
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Verification of Return of Income After Uploading for A.Y. 2025-26.
The Central Board of Direct Taxes (CBDT) has issued Notification No. 2 of 2024, which addresses the time...
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Section 9: Incomes which Accrue or Arise in India or are Deemed to Accrue or Arise in India
Section 9, Income Accrue or Deemed to Accrue or Arise in India : Section 9 describes the Incomes which...
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Expenses or Payments Not Deductible: [Section 40A] --Profits and Gains of Business or Profession
The provisions, which are being discussed under various sub-sections of section 40A have overriding effect ...
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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.

Equalisation Levy (EL) Act, 2016
It was introduced under chapter VIII of Finance Act, 2016. This chapter came in to force from 1st June,...
Equalisation Levy (EL) Rules, 2016
S.O. 1905(E) – In exercise of the powers conferred by sub-section (1) and sub-section (2) of section...
Equalisation Levy (EL) Statement Scheme,2023
S.O. 614(E).-In exercise of the powers conferred by sub-section (2) of section 168 of Finance Act, 2016...
Equalisation Levy (EL) Booklet
1. What is equalization levy (EL)? This is a tax leviable on consideration received or receivable by...
Changes Brought About in Capital Gains in the Finance (No.2) Bill, 2024
The Finance (No. 2) Bill, 2024, has introduced several significant amendments to the capital gains tax...
Understanding Advance Tax and Self-Assessment Tax in India
Understanding the intricacies of advance tax and self-assessment tax is crucial for both compliance and...
Detailed Analysis of Section 234C of the Income Tax Act.
Section 234C of the Income Tax Act, 1961, pertains to the levy of interest for deferment of advance tax....
Comprehensive Analysis on ESOP Taxation in India
Employee Stock Option Plans (ESOPs) are popular mechanisms through which companies attract, retain, and...
FORM 3CD: Explanation & Applicability
Tax Audit Forms The Incomes prescribed two types of forms for tax audit: Audit Report: The audit report...
Understanding the Taxation of Dividends in India: From Dividend Distribution Tax to Recipient-Based Taxation
The taxation of dividends in India has undergone significant changes over the years. This article aims...
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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.

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...
CBDT extends due date for filing Form 10A/10AB-Press Release by PIB
Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes ****** New...
CBDT clarifies on media reports claiming special drive to reopen cases with reference to HRA claims - Press Release by PIB
Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes ****** New...
Functionalities to file commonly used ITRs enabled by CBDT on 1st April, 2024
Government of India Department of Revenue Ministry of Finance Central Board of Direct Taxes New Delhi,...
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