Comprehensive statutory guides, interactive calculators, and regulatory manuals on Income Tax & Corporate Compliance.
Master long-term capital gains tax exemption on land and buildings under Section 54EC of the Income Tax Act 1961. Learn eligible sovereign bonds (REC, PFC, IRFC), the ₹50 Lakh annual investment cap, the strict 6-month investment window, 5-year lock-in conditions, and taxability of premature redemption.
Comprehensive statutory guide to Section 56(2)(x) gift taxation in India. Understand the ₹50,000 threshold, tax-exempt gifts from defined statutory relatives, wedding and inheritance exclusions, immovable property stamp duty valuation variances under Section 56(2)(x)(b), and cash receipt restrictions under Section 269ST.
Complete statutory tax manual on Sovereign Gold Bonds (SGB) in India. Master 100% tax exemption on capital gains upon official RBI redemption under Section 47(viic), capital gains tax rules on secondary market exchange sales post-Budget 2024 amendments, and regular taxation of 2.50% annual semi-annual interest coupons.
Comprehensive tax planning guide to the National Pension System (NPS) in India. Master the dedicated ₹50,000 exclusive tax deduction under Section 80CCD(1B) over and above Section 80C, employer contribution deductions under Section 80CCD(2), Tier 1 vs Tier 2 account mechanics, and 60% tax-free lump-sum withdrawal rules.
Exhaustive statutory guide to Advance Tax compliance in India under Section 208 of the Income Tax Act 1961. Master the 4 quarterly installment deadlines (June 15, Sept 15, Dec 15, March 15), calculate Section 234B and Section 234C default interest penalties, and learn presumptive taxation rules under Section 44AD/44ADA.
Statutory compliance guide on Section 194R of the Income Tax Act, 1961. Master the 10% TDS deduction on business benefits, perks, and incentives exceeding ₹20,000 annually. Understand CBDT Circulars No. 12/2022 and 18/2022, social media influencer brand review retention rules, dealer incentive trips, and non-cash valuation protocols.
Definitive statutory guide comparing Section 194Q TDS and Section 206C(1H) TCS on high-value sale of goods in India. Understand turnover thresholds (₹10 Crore), transaction limits (₹50 Lakhs), the paramount rule of Section 194Q precedence, non-PAN punitive 5% rates under Section 206AA/206CCA, and GST-inclusive reconciliation.
Comprehensive statutory guide to Foreign Asset Reporting in Schedule FA of Income Tax Returns (ITR-2/ITR-3). Learn the mandatory disclosure of foreign bank accounts, US stock holdings (ESOPs, RSUs), custodial accounts, and beneficial interests under the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015, with ₹10 Lakh penalty protections.
Comprehensive statutory guide to the historic abolition of Angel Tax under Section 56(2)(viib) of the Income Tax Act, 1961 by Finance (No. 2) Act, 2024. Understand the elimination of Fair Market Value (FMV) scrutiny on share premium, the role of Rule 11UA, benefits for domestic and foreign venture capital investments, and pending assessment resolutions.
Exhaustive statutory manual on claiming 100% tax deductions under Section 80GGA of the Income Tax Act, 1961. Master eligible donations to approved scientific research institutions, universities, rural development programs, the National Urban Poverty Eradication Fund, cash deduction ceilings (₹2,000), Form 58A requirements, and non-business income rules.
Comprehensive tax manual on Section 194C of the Income Tax Act, 1961. Master TDS rates (1% individual/HUF, 2% others), the ₹30,000 single & ₹1,00,000 aggregate thresholds, transporter exemption under sub-section (6) with Form 26Q declaration, job work vs contract of sale, and Section 40(a)(ia) disallowance risks.
Exhaustive corporate taxation manual on Section 194J of the Income Tax Act, 1961. Master the bifurcated rate structure (2% for FTS, royalty & call centres; 10% for professional services), director remuneration TDS, the ₹30,000 individual head thresholds, Section 40(a)(ia) 30% disallowance penalties, and Form 26Q reporting.
Comprehensive statutory guide to TDS on Rent under Section 194I and Section 194-IB of the Income Tax Act, 1961. Master the 2% machinery rate vs 10% land/building rate, the ₹2,40,000 annual threshold, individual tenant rules (> ₹50,000/month) with Form 26QC challan-cum-return, advance rent adjustments, and Section 40(a)(ia) disallowances.
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