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 80C: Deduction for Investments & Payments (Up to ₹1.5 Lakh)
Applicable to: Individuals & HUFs Section 80C is one of the most popular tax-saving sections, allowing...
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Special Provisions Applicable to Closely Held Companies (Public Not Substantially Interested)
A closely held company (where the public is not substantially interested) is subject to stricter tax...
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Transactions Not Treated as "Transfer" of Capital Assets [Sections 46 & 47]
Under the Income Tax Act, 1961, certain transactions involving capital assets are excluded from the definition...
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Incomes Chargeable Under "Profits and Gains of Business or Profession" (PGBP) [Section 28]
Section 28 of the Income Tax Act, 1961, is a key provision that defines the types of income chargeable...
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GST on Vouchers - Analytical Study
The treatment of vouchers under GST has been a subject of debate due to their unique nature. This article...
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Section 10(10BC)- Tax Exemption for Disaster Compensation
Section 10(10BC) of the Income Tax Act, 1961, provides an exemption for compensation received by an individual...
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Collection and Recovery of Equalization Levy [Section 166 And Section 166A]
Here’s a detailed breakdown of the collection and recovery of Equalisation Levy (EL) under Sections 166...
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Section 196B: TDS on Income from Units of Offshore Funds
Section 196B of the Income Tax Act, 1961 governs the Tax Deducted at Source (TDS) on income paid to non-residents or foreign...
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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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Section 206C(1G): TCS on Foreign Remittances (LRS) & Overseas Tour Packages
Section 206C(1G) of the Income Tax Act, 1961 mandates Tax Collected at Source (TCS) on: Outbound remittancesunder...
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Set Off of Loss from One Source Against Income from Another Source Under the Same Head of Income [Section 70]
Section 70 of the Income Tax Act, 1961, allows taxpayers to adjust losses from one source against income...
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Section 80GG: Deduction for Rent Paid (When HRA is Not Received)
Applicable to: Salaried (without HRA) & Self-Employed Individuals This section provides tax relief...
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Computation of Tax on Long-Term Capital Gains (Other Than Section 112A Assets) Under Section 112
Overview of Section 112 Section 112 of the Income Tax Act, 1961 governs the taxation of long-term capital...
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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 151A]- Faceless Assessment of Income Escaping Assessment
Section 151A empowers the Central Government to implement a faceless, technology-driven scheme for reassessing...
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Residential Status of a Company [Section 6(3)]
The residential status of a company is a crucial factor in determining its tax liability in India. Section...
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Return of Income for Political Parties [Section 139(4B)]
Under Section 139(4B) of the Income Tax Act, 1961, political parties in India are mandatorily required to...
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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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Extension of Time for Reinvestment in Case of Compulsory Acquisition [Section 54H]
Section 54H of the Income Tax Act, 1961, provides an extension of the reinvestment period for claiming...
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Investment in Public Provident Fund (PPF)
The Public Provident Fund (PPF) scheme is a very popular long-term savings scheme in India because of...
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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. These...
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 The...
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