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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> CA and Tax Professionals,
> Business Owner and Entrepreneurs,
> Individuals Filing Their Own Taxes,
> Financial Planners and Wealth Managers &
> Students and Academicians. 
> Coveting 28 Chapters with 1280 Pages

[Section 80TTB]: Deduction in respect of Interest on Deposits in case of Senior Citizens
Section 80TTB of the Income Tax Act, 1961 provides a special deduction to senior citizens in respect...
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Perquisites- Rent Free Accommodation or Accommodation provided at Concessional Rate
Accommodation provided to the employee may be— (i)      unfurnished (ii)     furnished Further, such...
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Karnataka State Horticulture Development Agency Notified for the purpose of Section 10(46) of Income-Tax Act, 1961 – ‘05/2025’
Notification No. 05/2025 [F. No. 300196/37/2019-ITA-I] Dated 3nd January, 2025 MINISTRY OF FINANCE (Department...
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Rates of Income Tax for Assessment Year 2022-23 & 2023-24
(A) In the case of every Individual or Hindu Undivided Family (HUF) (A1)     If the individual or HUF...
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[Section 45(5)] : Capital Gain on Transfer by way of Compulsory Acquisition of an Asset
(1)        When an asset is acquired by the government through the process of compulsory acquisition,...
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Section 80EE: Deduction in respect of Interest on Loan taken for Residential House Property
Income tax laws in India provide various deductions and exemptions to taxpayers, helping them reduce...
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Exemption in respect of certain income of Indian Strategic Petroleum Reserves Limited (ISPRL) [Section 10(48C)]
Indian Strategic Petroleum Reserves Limited (ISPRL) plays a crucial role in ensuring the energy security...
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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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Income Tax and the Principle of Mutuality
1. Understanding the Principle of Mutuality The principle of mutuality relates to the notion that a person...
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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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[Section 115F] : Exemption of Long-Term Capital Gains arising to Non-Resident Indian (NRI) on Transfer of ‘Foreign Exchange Asset’
Understanding and Conditions of Section 115F As a Non-Resident Indian (NRI), understanding the tax implications...
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Investment in Kisan Vikas Patra Yojana
Kisan Vikas Patra is a certificate scheme from the Indian post office. It doubles a one-time investment...
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Income Tax and the Hindu Undivided Family (HUF) for the A.Y. 2025-26.
A Hindu Undivided Family (HUF) is a unique entity recognized by the Indian tax system. It is a family...
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Cancellation of GST Registration by Department under GST Law- Circumstances and Precautions
Suo Moto Cancellation of registration may be initiated by the Tax Official for various situations as...
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Features of Assessment of a Firm including Limited Liability Partnership (LLP)
1. Firm to be Assessed as Firm Essential conditions prescribed under section 184 of the Income-tax Act,...
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[Section 56(2)]: List of Incomes included under ‘Income from Other Sources’
There are many incomes which are taxable under the head ‘Income from Other Sources’. However, section...
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Amendments relating to Deduction and Collection of Tax at Source by the Finance Bill 2022
1.  Rationalization of provisions of TDS on sale of immovable property [Section 194-IA amended w.e.f....
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Provisions and Amendments Relating to “Rates of Income Tax” under Finance (No.2) Bill, 2024
The provisions of Finance (No. 2) Bill, 2024 (hereafter referred to as “the Bill”), relating...
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Tax on Long-Term Capital Gains under Section 112A in Certain Cases
(1)      Conditions to be satisfied for applicability of Section 112A [Section 112A(1)]: Notwithstanding...
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Residential Status [Sections 5 to 9B]
1.  Scope of Total Income / Incidence of Tax [Section 5] Total income of an assessee cannot be computed...
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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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