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

Most Useful by …
> 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 194G]: TDS on Commission from Lottery Ticket Sales
Section 194G of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on commission or remuneration...
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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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Scholarships granted to meet the Cost of Education [Section 10(16)]
Section 10(16) of the Income Tax Act, 1961 provides exemption from income tax for scholarships granted...
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Conditions to be Satisfied for Claiming Exemption Under Section 11
To avail tax exemption under Section 11, a charitable or religious trust must satisfy the following mandatory...
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Section 10(22B)- Tax Exemption for News Agencies
Purpose: This section provides a full tax exemption on income earned by approved news agencies that operate...
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Provisions Under Section 285BA: Statement of Financial Transaction (SFT) or Reportable Account
Section 285BA of the Income Tax Act, 1961, mandates specified entities to report high-value financial...
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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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Section 10(23FBC)- Tax Exemption for income earned by a Unit Holder from a Specified Fund
Section 10(23FBC) of the Income Tax Act provides a tax exemption for income earned by a unit holder from...
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[Section 278AB]: Power of Principal Commissioner or Commissioner to Grant Immunity from Prosecution
Here’s a detailed analysis of Section 278AB of the Income Tax Act, 1961, which empowers the Principal...
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Section 204: Definition of "Person Responsible for Paying" (TDS Obligations)
1. Legal Definition Primary Responsibility: The person legally obligated to deduct TCS/TDS under the...
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Faceless Approval or Registration [Section 293D]
Section 293D empowers the Central Government to implement a faceless (digital) scheme for granting approvals...
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Tax Exemptions for Funds/Institutions of National Importance [Section 10(23C) & Rules 2C/2CA]
1. Covered Entities (Section 10(23C)) The following enjoy 100% tax exemption on their income: Funds/institutions...
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Section 10(16)- Tax Exemption on Scholarships
Purpose: This section provides a full tax exemption on any scholarship granted to meet educational expenses,...
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Understanding Income Tax (Section 1 To 4)
The Income Tax Law in India is a complex and ever-changing set of regulations that govern the taxation...
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Section 10(23B)-Income of a Trust/Society for development of Khadi
Section 10(23B) of the Income Tax Act provides a tax exemption for income earned by certain institutions...
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Section 10(6A)- Exemption for Foreign Companies on Royalty & Technical Service Fees
Section 10(6A) of the Income Tax Act, 1961, provides a tax exemption to foreign companies on income earned...
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PAN Card Correction / Modification
1. Making changes or Correction in PAN data Suppose an applicant needs to change or correct a data on...
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Investment in TERM LIFE INSURANCE
Term life insurance, also known as pure life insurance, is a type of life insurance that guarantees payment...
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Perquisites [(Section 17(2)]- Income under the head Salaries
Perquisites under Section 17(2) of the Income Tax Act, 1961, are additional benefits or amenities provided...
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Section 115BAB for New Manufacturers to promote the "Make in India" initiative
Section 115BAB of the Income Tax Act, 1961, was introduced by the Finance Act, 2019, to provide a lower...
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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 (Section-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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