Income Tax - Page 2430

Notification: S.O.261 Date of Issue: 20/12/1972

Notification: S.O.261 (20/12/1972)

Notification: S.O.261 It is hereby notified for general information that the institution mentioned below has been approved by Indian Council of Medical Research, New Delhi, the prescribed authority for the purposes of clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961....

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Circular No. 98-Income Tax dated 16/12/1972

Circular No. 98-Income Tax (16/12/1972)

Circular No.98 - Income Tax In the case of Indian Aluminium Co. Ltd. v. CIT [1972] 84 ITR 736, the Supreme Court virtually overruled its earlier decision in Travancore Titanium Products Ltd. v. CIT [1966] 69 ITR 277 and held that wealth-tax paid by an assessee in respect of business assets is deductible as a business expense in computing...

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Circular No. 97-Income Tax dated 14-12-1972

Circular No. 97-Income Tax (14/12/1972)

Circular No. 97-Income Tax Maintenance of conveyance - Allowance of deduction therefor when vehicle is in repair - I am directed to invite a reference to the Board’s Circular No. 15 [F. No. 40/22/69-IT(A-I)], dated 8-5-1969 and to say that in the manner of standard deduction from "salaries" under section 16(iv), a question has arisen,...

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Notification: S.O.151 Date of Issue: 11/12/1972

Notification: S.O.151 (11/12/1972)

It is hereby notified for general information that the institution mentioned below has been approved by Council of Scientific and Industrial research, the prescribed authority for the purposes of clause (ii) of sub-secti...

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Notification: S.O.150 Date of Issue: 11/12/1972

Notification: S.O.150 (11/12/1972)

Notification: S.O.150 It is hereby notified for general information that the institution mentioned below has been approved by Indian Council of Medical Research, New Delhi, the prescribed authority for the purposes of clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961....

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Notification: S.O.260 Date of Issue: 28/11/1972

Notification: S.O.260 (28/11/1972)

In exercise of the powers conferred by sub-section (2)(b) of section 80G of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies Ubrangala Shree Mahadeva Parvathi and Kudkuli Shri Durga Parameshwari Temples, Ubrangala Village, Kasaragod Taluk, P. O. Kumbdaje, to be places of public worship of renown throughout the...

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Notification: S.O.937 Date of Issue: 25/11/1972

Notification: S.O.937 (25/11/1972)

In exercise of the powers conferred by sub-section (2)(b) of section 80G of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies Sri Ram Mandir, Bajrangpuri, Lodi Road, New Delhi, to be a place of public worship of renown throughout the Delhi State for the purposes of the said section ...

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Circular No. 96-Income Tax dated 25-11-1972

Circular No. 96-Income Tax (25/11/1972)

Circular No. 96-Income Tax 5. The Amending Act has inserted a new Chapter XXA with a view to empowering the Central Government to acquire any immovable property having a fair market value exceeding Rs. 25,000 in cases where the consideration declared in the instrument of transfer is less than the fair market value of the property on the ...

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Circular No. 94-Income Tax dated 15-11-1972

Circular No. 94-Income Tax (15/11/1972)

Circular No. 94-Income Tax Reference is invited to this Ministry’s Circular No. 85, dated 29-5-1972, on the subject mentioned above....

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Circular No. 95-Income Tax dated 15-11-1972

Circular No. 95-Income Tax (15/11/1972)

Circular No. 95-Income Tax Reference is invited to this Ministry’s Circular No. 86, dated 29-5-1972, on the subject mentioned above. Rules relating to the provisions for deduction of tax at source from payments made to contractors and sub-contractors have since been made. The following instructions may please be noted for general guid...

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Latest Income Tax News

Income tax is the part of your income which you are required to pay to the Indian government for funding various infrastructural developments, pay salaries to those who are employed by the central or the state governments, etc. All the taxes which are imposed are based on law, and the law which governs provisions about taxes on income is the Income Tax Act, 1961.

Income tax needs to be paid by each and every individual, Hindu Undivided Family, Association of Persons, Body of Individuals, companies, corporate firms, local authorities and every artificial juridical person generating any income based on the income tax slab rates.

Income tax might seem to be a tedious tax for most us, and it has a lot to do with the fact it involves a lot of nitty-gritty and details while calculating and in paying income tax. However, if you need a clear picture about income tax which is simple and easy to understand then you are at the right place.
Get all the latest news on income tax with Taxguru. We will offer you all the insight and details about all the updates and trending news on income tax. Get a comprehensive coverage of income tax-related news and regular updates on income tax circulars.

At Taxguru, we give a cohesive understanding off all income tax related circulars. We keep updating all the circulars as and when issued by the income tax department. You could view online or you can download all the latest news on Income Tax and circulars free of cost.

Find all the latest developments and amendments to the Income Tax Act. Get to know all the tips and tricks on how to save income tax and develop your own income tax planning work plan. We keep updating our portal regularly so that you don’t miss out on anything.

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