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Income Tax : Income-Tax Bill 2025 simplifies tax laws by reducing sections, chapters, and words while ensuring no policy or tax rate changes. K...
Income Tax : Explore the section mapping of the New Income-Tax Bill 2025, comparing provisions with the Income-Tax Act, 1961. See key changes, ...
Income Tax : Join our webinar on Faceless Tax Assessments under the Income Tax Act, 1961. Learn concepts, challenges, and solutions from expert...
Income Tax : Analysis of income tax return filings in India over five years, including trends, zero-tax cases, and government initiatives to en...
Income Tax : Government addresses Supreme Court judgment on tax exemptions for clergy and its implications on Hindu Undivided Families (HUFs) u...
Income Tax : Allahabad HC quashes two Section 154 tax orders, citing laconic reasoning and violation of natural justice. Fresh hearing ordered....
Income Tax : Supreme Court dismisses Bihar Police Building Construction Corporation's tax appeal due to significant delay....
Income Tax : Patna High Court rules interest earned on government grants for construction is taxable income, not capital receipt....
Income Tax : Supreme Court dismisses tax case due to delay and lack of merit. Bombay High Court quashes reassessment notice against Teleperfor...
Income Tax : Bombay High Court quashes reassessment notice in Teleperformance case due to lack of application of mind in granting approval unde...
Income Tax : The Central Government notifies Punjab RERA for tax exemption under Section 10(46A) of the Income-tax Act, effective from the 2024...
Income Tax : The Indian government is set to introduce the new Income Tax Bill, 2025, in the Lok Sabha on February 13, 2025. This comprehensive...
Income Tax : Bhaikaka University, Gujarat, is approved for scientific research under Section 35(1)(ii) of the Income Tax Act, 1961, effective f...
Income Tax : Notification No. 14/2025 updates Form 49C submission rules for liaison offices under the Income-Tax Act. Filing deadline set to 8 ...
Income Tax : CBDT amends Income-Tax Rules, 1962, updating regulations for Infrastructure Debt Funds, including investment criteria, bond issuan...
The investigation wing of the Income Tax Department has sought call detail records (CDRs) of the last six months of a landline number at the IPL office as it feels that the entries could throw more light on Lalit Modi’s association with the promoters of franchises – new and old.
Notification No. 28/2010-Income Tax It is hereby notified for general information that the organization Institute of Bioinformatics, Bangalores has been approved by the Central Government for the purpose of clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961 (said Act), read with rules 5C and 5E of the Income-tax Rules, 1962 (said Rules) from Assessment year 2009-2010 onwards in the category of ‘other
Notification No. 27/2010-Income Tax It is hereby notified for general information that the organization Punjab State Council for Science and Technology, Chandigarh has been approved by the Central Government for the purpose of clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961 (said Act), read with rules 5C and 5E of the Income-tax Rules, 1962 (said Rules) from Assessment year 2009-2010 onwards
The Income Tax department has activated control rooms in Delhi and Mumbai to streamline the flow of information between its various investigation directorates probing the IPL. The control rooms are equipped with dedicated telephone lines, fax machines and internet enabled computer systems and are being manned by officials of the rank of Income Tax Officer (ITO).
Mumbai: A special court on Tuesday remanded Income Tax assistant commissioner Anjali Bambole in the custody of the Central Bureau of Investigation (CBI) until April 27. Bambole was arrested on Monday night, two days after the arrest of I-T additional commissioner Sumitra Banerjee and her husband Subratho. The trio is accused of accepting a bribe of Rs 1.50 crore from a builder to reduce his tax liability.
Income Tax sleuths on Wednesday raided the office of IPL team Chennai Super Kings, owned by India Cements, in the wake of the controversy surrounding the source of IPL funds and bidding. I-T officials were tight-lipped but police sources said the raids were on and expected to continue till late night.
Income Tax officials, probing alleged financial irregularities in cash-rich IPL, on Wednesday raided the offices of the Kolkata Knight Riders and Cricket Association of Bengal (CAB). “The income tax officials are here looking for papers relating to IPL. We are cooperating with them,” CAB president Jagmohan Dalmiya’s personal assistant said.
The net is ever widening on all aspects of the cash awash Indian Premier League. Even as a case was registered to investigate the foreign exchange violations by the IPL franchises, Income Tax sleuths Wednesday searched the premises of telecast rights holders Multi Screen Media (owners of Sony Entertainment Television Asia) and World Sports Group,
The income-tax department will take a close look at the unaccounted expenditure incurred by the franchisees of the Indian Premier League over the last three years, creating the possibility of a large tax liability for them later. The initial findings in the ongoing investigation into the Indian Premier League point at large unexplained expenditure and investments routed through complex corporate structures, located overseas in many cases.
Notification No. 26/2010-Income Tax It is hereby notified for general information that the organization M.P Birla Instiute of Fundamental Research, Kolkata has been approved by the Central Government for the purpose of clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961 (said Act), read with rules 5C and 5E of the Income-tax Rules, 1962 (said Rules) from Assessment year 2009-2010 onwards in the category of ‘other Institution’ partly engaged in research activities subject to the following conditions, namely :-
