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

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

Agricultural Income [Section 10(1)]
Agricultural income and its tax treatment in India fall under Section 10(1) of the Income Tax Act, 1961....
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Perquisites- Taxability of Rent-Free or Concessional Accommodation Provided by Employer (Section 17(2))
Under the Income Tax Act, 1961, rent-free or concessional accommodation provided by an employer is a taxable...
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Section 156 of the Income Tax Act, 1961: Notice of Demand
Section 156 of the Income Tax Act, 1961, governs the issuance of demand notices by the Assessing Officer...
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Return of Income and Procedure of Assessment [Section 139 to 154]
Here’s a detailed overview of Return of Income and Procedure of Assessment (Sections 139 to 154) under...
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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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Income of Trade Union [Section 10(24)]
Trade unions play a crucial role in protecting the rights and interests of workers. They negotiate with...
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[Section 220(2)]: Interest for Late Payment of Demand of Tax, Interest, Penalty, Etc.
Section 220(2) of the Income Tax Act, 1961, imposes interest @ 1% per month on unpaid tax demands if...
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Section 10(10C)- Tax Exemption on Voluntary Retirement Compensation
Section 10(10C) of the Income Tax Act provides tax exemption on compensation received by an employee...
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[Section 207]: Liability for Payment of Advance Tax
1. Who is Liable? Every taxpayer(individuals, HUFs, companies, firms, etc.) whose estimated tax liability for...
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Section 206C(1B) & Rule 37C (3): Compliance for TCS Exemption Declarations
1. Legal Provision Overview Section 206C(1B): Mandates that sellers(collectors of TCS) must submit buyer...
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Amendment in Prime Minister’s Package for Employment and Skilling Coverage and Estimated Central Outlay under Budget 2024-2025
  Enrolment Duration Expenditure Duration Beneficiaries Central Outlay   Years (lakhs) (Rs....
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Assessment of Firms (Including LLPs) under Income Tax Act, 1961
1. Basic Concepts Firm: Partnership firm registered under Partnership Act, 1932 LLP: Limited Liability...
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TDS on Rent [Section 194I]
Section 194-I of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on rent payments exceeding...
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Allowances which are Fully Taxable for Computation of Salary Income
Here’s a detailed breakdown of fully taxable allowances for the computation of salary income in India,...
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Meaning of Capital Asset [Section 2(14)] – Capital Gain
Any profits or gains arising from the transfer of a capital asset effected in the previous year, shall...
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Form and Manner of Furnishing Return of Income [Rule 12 of Income Tax Rules, 1962]
Rule 12 of the Income Tax Rules, 1962, prescribes the forms, conditions, and procedures for filing income...
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Section 10(23FC)- Tax Exemption for Specific Types of income earned by a Business Trust
Section 10(23FC) of the Income Tax Act provides a tax exemption for specific types of income earned by...
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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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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...
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Income in Nature of a Non-Monetary Perquisites Provided by Employer [Section 10(10CC)]
Section 10(10CC) of the Income Tax Act, 1961, deals with the tax treatment of non-monetary perquisites...
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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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