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,
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> Individuals Filing Their Own Taxes,
> Financial Planners and Wealth Managers &
> Students and Academicians. 
> Coveting 28 Chapters with 1280 Pages

Income of Specified News Agency [Section 10(22B)]
Section 10(22B) of the Income Tax Act, 1961, exempts the income of a specified news agency from tax....
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Income of an Approved Research Association [Section 10(21)]
An approved research association refers to an organization that is primarily engaged in scientific research....
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[Section 194-IA]: TDS on Transfer of Immovable Property (Other Than Agricultural Land)
Section 194-IA of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on payments made for...
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Provisions and Amendments Relating to “Widening and Deepening of Tax Base and Anti-Avoidance” under Finance (No.2) Bill, 2024.
Tax on distributed income of domestic company for buy-back of shares Special provisions relating to tax...
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Rule 6G: Report of Audit of Accounts under Section 44AB
1. Purpose of Rule 6G Prescribes the forms and mannerfor submitting tax audit reports Mandates the format...
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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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Income of a Local Authority [Section 10(20)]
Section 10(20) of the Income Tax Act, 1961 provides exemption from income tax for the income of a local...
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Section 10(23A)- Tax Exemption for Professional Associations
Purpose: This section provides tax exemption to professional associations (like medical councils, bar...
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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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Speech on Indirect Taxes (Part-B) of Nirmala Sitharaman, Minister of Finance, July 23, 2024. (Budget 2024-2025)
I start with GST. It has decreased tax incidence on the common man; reduced compliance burden and logistics...
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Section 10(4E)-Income of Non-Resident from Transfer of Non-Deliverable Forward Contracts
Section 10(4E) of the Income Tax Act, 1961 in India provides an exemption for income earned by a non-resident...
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General Deductions [Section 37(1)]
Section 37(1) of the Income Tax Act, 1961 is a crucial provision that allows businesses and professionals...
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Which Income will be Exempt under Section 11
Here’s a detailed breakdown of incomes exempt under Section 11 of the Income Tax Act, 1961, for charitable...
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E-Way Bill System: Transforming Goods Movement in the GST Era
In the era of GST, the removal of check posts nationwide aimed to streamline the movement of goods within...
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Dispute Resolution Committee (DRC) [Section 245MA]
Section 245MA of the Income Tax Act, 1961, introduces a faceless dispute resolution mechanism for small...
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Section 196A: TDS on Income from Units of Non-Residents
Section 196A of the Income Tax Act, 1961 governs the Tax Deducted at Source (TDS) on income paid to non-residents (including foreign...
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Tax Treatment of Losses in Partnership Firms [Sections 75-77]
1. Set-Off Rules for Current Year Losses Intra-head adjustment (Section 70): Business losses can be...
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Carry Forward and Set Off of Loss from House Property [Section 71B]
Section 71B of the Income Tax Act, 1961, governs the carry forward and set-off of losses from house property,...
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Section 10(23F)- Tax Exemption for Dividends and Long-Term Capital Gains earned by a Venture Capital Fund (VCF) or Venture Capital Company (VCC)
Section 10(23F) of the Income Tax Act provided a tax exemption for dividends and long-term capital gains...
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Tax Treatment of Employee Welfare Fund Contributions under Section 56(2)(ic)
1. Applicability of Section 56(2)(ic) This provision covers any sum of money received by an employer from...
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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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