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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> Coveting 28 Chapters with 1280 Pages
The Goods and Services Tax (GST) Act is a comprehensive legislation that governs the taxation of goods...
Purpose:
This section provides a full tax exemption on the income of local authorities, such as municipalities,...
1. Source of the funds or any other sum provided by the lender to the borrower and credited in hooks...
Introduction-
The CBIC vide Notification No. 04/2024 – Central Tax dated January 05, 2024, notified the...
Applicable to: Individual taxpayers
This section provides a deduction for interest paid on loans taken...
Under the Income Tax Act, 1961, the following business/profession expenses are expressly allowed as deductions...
Understanding of Section 54B
Agriculture plays a vital role in the economy of many countries, providing...
The Government of India’s Department of Posts, Ministry of Communications, offers fixed deposit accounts...
Section 196C of the Income Tax Act, 1961 mandates Tax Deducted at Source (TDS) on income paid to non-residents (including...
Applicable to: *Resident Individuals with 40%+ Disability*
This section provides fixed tax deductions to...
1. Key Provision
Section 37(2B)of the Income Tax Act, 1961, disallows any deduction for expenses incurred...
Section 10(23EC) of the Income Tax Act provides a tax exemption for income received by an Investor Protection...
Developmental financing institutions play a crucial role in promoting economic growth and development...
Government of India
Ministry of Finance
Department of Revenue
Central Board of Direct Taxes
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New...
Section 10(25A) of the Income Tax Act provides a complete tax exemption for any income of the Employees’...
Section 194B of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on winnings from games...
Section 234B(3) deals with the recalculation of interest under Section 234B when the assessed tax is...
Here’s a detailed explanation of the Procedure for Imposing Penalty under Section 274 of the Income Tax...
So far, we have discussed what are the various incomes, allowances and perquisites which are exempt and...
Section 245MA of the Income Tax Act, 1961, introduces a faceless dispute resolution mechanism for small...
Knowledge Base on Taxation
It provides a solid foundation for a Knowledge Base on Taxation, covering both theoretical and practical elements.
Section 206C of the Act provides for tax collection at source (TCS) on business of trading in alcoholic...
Section 194T, introduced by the Finance (No. 2) Bill, 2024, is effective from April 1, 2025. This section...
The Budget 2025 has introduced enhanced threshold limits for TDS, ensuring that smaller transactions...
To give relief to small taxpayers from the tedious job of maintenance of books of account and from getting...
To simplify tax compliance and enhance the ease of doing business, the Finance Act has proposed significant...
The taxpayer has to communicate the details of his taxable income/loss to the Income tax Department.
These...
INTRODUCTION:
Form 15CA and Form 15CB are essential documents under the Income Tax Act, 1961, for foreign...
Section 132 of the Income Tax Act, 1961, empowers the Income Tax Department to conduct search and seizure...
Section 194-I of the Income Tax Act, 1961, a crucial piece of legislation in India, governs the taxation...
Press Release by PIB (Press Information Bureau)
Press Release by Press Information Bureau (PIB) is the nodal agency of the Government of India.
Ministry of Finance
HIGHLIGHTS OF UNION BUDGET 2025-26
Posted On: 01 FEB 2025 1:29PM by PIB Delhi
PART...
Ministry of Finance
Posted On: 22 JAN 2025 8:09PM by PIB Delh
CBDT notifies amendments in Income-tax...
A. Purpose of CRS and FATCA
In this globalized economy, tax transparency and compliance has become paramount...
Government of India
Ministry of Finance
Department of Revenue
Central Board of Direct Taxes
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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...
Government of India
Ministry of Finance
Department of Revenue
Central Board of Direct Taxes
New Delhi,...
Ministry of Finance
FAQs issued by CBDT on the new Capital Gains Tax Regime proposed in the Union Budget...
Ministry of Finance
GOVERNMENT MAKES NEW TAX REGIME MORE ATTRACTIVE
STANDARD REDUCTION INCREASED FROM...
Ministry of Finance
CAPITAL GAINS TAXATION SIMPLIFIED AND RATIONALISED
SHORT TERM GAINS TO ATTRACT A...