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
e-Book (PDF) - Download
income Tax Management
[ Tax Ready Reckoner ]
e-Book (PDF)
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
To legally establish and operate a Charitable & Religious Trust in India, the following registrations are...
Applicable to: All businesses (except freelancers)*
This section provides 30-60% additional wage cost...
Under the Explanation to section 288(2), an “accountant” means a chartered accountant within...
Section 10(6) of the Income Tax Act, 1961 provides tax exemptions for certain types of remuneration received...
Concept:
Section 61states that if an asset is transferred in a revocable manner, any income from that...
Key Rule:
Section 61 (taxation of revocable transfers) does NOT applyif the transfer is irrevocable...
Purpose:
This section provides tax exemption to professional associations (like medical councils, bar...
Income tax laws can be complex and confusing, especially when it comes to understanding the various exemptions...
Section 139(5) of the Income Tax Act, 1961, allows taxpayers to correct errors or omissions in their...
A closely held company (where the public is not substantially interested) is subject to stricter tax...
Here’s a detailed explanation of the Procedure for Imposing Penalty under Section 274 of the Income Tax...
The Sukanya Samriddhi Account is a popular savings scheme in India that aims to promote the education...
What is Assessment?
Assessment under the Income Tax Act, 1961 refers to the process by which the Income...
Applicable to: Salaried (without HRA) & Self-Employed Individuals
This section provides tax relief...
1. Key Features of Section 69
Objective: Targets unexplained investments(e.g., property, gold, shares)...
Here’s a detailed table summarizing the tax treatment of Provident Fund (PF) contributions, interest,...
Assessment of Charitable Organizations When Commercial Receipts Exceed 20% Threshold [Section 13(8)]
1. Key Provision (Section 13(8))
Introduced by Finance Act 2022(Effective AY 2023-24)
Applies whena...
1. Source of the funds or any other sum provided by the lender to the borrower and credited in hooks...
Section 132A empowers the Income Tax Department to requisition (take custody of) books of account, documents,...
Here’s a detailed explanation of Section 206CB: Processing of Statements of Tax Collected at Source...
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
******
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...