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

Investment in National Saving Certificate (NSC)
The National Savings Certificate (NSC) is a fixed Income Investment scheme that you can open with any...
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Set Off and Carry Forward of Losses in Specified Businesses [Section 73A]
Section 73A of the Income Tax Act, 1961, governs the treatment of losses incurred in specified businesses under 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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Computation of Income from House Property (Partly Let Out & Partly Self-Occupied)
When a property is partly self-occupied (SOP) and partly let out (LOP), the Income Tax Act treats it...
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Exemption in respect of income of a foreign company on account of storage of Crude Oil in a facility in India and sale of Crude Oil therefrom [Section 10(48A) & 10(48B)]
Section 10(48A) of the Income Tax Act provides an exemption in respect of income earned by a foreign...
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Tax Treatment of Provident Fund for Calculating Taxable Salary Income
Provident Fund Scheme is a welfare scheme for the benefit of the employees. Under this scheme, certain...
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Section 10(19)- Tax Exemption on Family Pension for Armed Forces' Dependents
Purpose: This section provides a tax exemption on family pension received by the widow or children of...
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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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[Section 54B]- Exemption of Capital Gains on Transfer of Agricultural Land
Section 54B of the Income Tax Act, 1961, provides a tax exemption on capital gains arising from the transfer...
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Section 10(15B)- Tax Exemption on Lease Rentals of Cruise Ships
Purpose: This section provides a 100% tax exemption to foreign companies on income earned from leasing cruise...
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Penalty for False Entry, etc. in Books of Account [Section 271AAD]
Here’s a detailed breakdown of Section 271AAD of the Income Tax Act, 1961, which imposes penalties for...
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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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GST on Health Care Services, Hospital Room Rent & Other Hospital Services
Under the Goods and Services Tax (GST) regime in India, healthcare services and hospital room rent are...
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Particulars to be Furnished with the Return of Income [Sections 139(6) & 139(6A)]
The Income Tax Act, 1961, mandates taxpayers to submit certain documents, statements, and disclosures along...
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Interest, Premium or Bonus on Specified Investments [Section 10(15)]
The tax treatment of interest, premium, or bonus on specified investments is governed by Section 10(15)...
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Section 10(4C)-Interest on Bonds to Non-Resident
Section 10(4C) of the Income Tax Act, 1961 in India provides an exemption for interest income earned...
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Processing of Returns under Section 143(1) - Summary Assessment
Section 143(1) of the Income Tax Act, 1961 governs the automated processing of income tax returns by...
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Who Should Claim Refund Under the Income Tax Act?
Under the Income Tax Act, 1961, the right to claim a refund depends on who has paid the excess tax and...
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Allowances or Perquisites outside India [Section 10(7)]
According to Section 10(7), allowances or perquisites received by an employee outside of India for rendering...
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Prescribed Reports/Certificates from a Chartered Accountant under Section 288(2), Explanation
Under the Explanation to section 288(2), an “accountant” means a chartered accountant within...
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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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