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Income Tax : Understand whether director remuneration is taxed as salary or business income. Learn about tax implications, employer-employee re...
Income Tax : Explore major income tax updates for FY 2025-26, including revised tax slabs, TDS/TCS rules, rebates, and benefits for startups. S...
Income Tax : Analyzing if increased TDS thresholds and reduced rates enhance taxpayer liquidity or just shift tax payments to advance tax. Read...
Income Tax : Overview of Income Tax Sections 69A, 69B, on unexplained income, investments, and expenditures. Key cases and interpretations incl...
Income Tax : Recent changes in India's income tax structure, particularly the introduction of rebates, have led to some confusion among taxpaye...
Income Tax : The Institute of Cost Accountants of India seeks inclusion of Cost Accountants in the definition of "Accountant" under Section 515...
Income Tax : Explore the Finance Bill 2025 highlights, including revised tax rates, TDS/TCS amendments, ULIP taxation, and updated rules for sa...
Income Tax : ICMAI addresses the non-inclusion of 'Cost Accountant' in the Income Tax Bill 2025. The Council is engaging with policymakers to e...
Income Tax : Lok Sabha issues corrigenda for the Income-tax Bill, 2025, correcting references, formatting, and legal citations. Read the key am...
Income Tax : KSCAA's representation to CBDT highlights challenges in the Vivad Se Vishwas Scheme 2024, focusing on delayed appeals and suggesti...
Income Tax : ITAT Pune held that delay in filing audit report in Form 10CCB due to technical problem is justifiable and hence denial of claim u...
Income Tax : ITAT Jaipur held that amount of sundry debtor recorded in books of account are not any money, bullion, jewellery or other valuable...
Income Tax : Aadhunik Infrastructure Development Pvt. Ltd. Vs DCIT (ITAT Pune) The Income Tax Appellate Tribunal (ITAT), Pune Bench “A,” ha...
Income Tax : ITAT Nagpur rules in ITO Vs N. Kumar Housing, addressing ₹5.2 crore addition under Sections 41(1) and 68. Liability cessation an...
Income Tax : ITAT Pune rules in Ramchandra Jadhavrao vs. ACIT that no penalty under Section 271(1)(c) applies if income is declared in return p...
Income Tax : Details of the Lok Sabha Select Committee's sittings on March 6-7, 2025, to examine the Income-Tax Bill, 2025, with oral evidence ...
Income Tax : CBDT updates income tax rules and forms for business and securitization trusts. Notification 17/2025 amends Rules 12CA & 12CC, imp...
Income Tax : Key updates on income tax deduction from salaries under Section 192 for FY 2024-25, including amendments, surcharge rates, and new...
Income Tax : CBDT extends the due date for filing Form 56F under Section 10AA(8) and 10A(5) of the Income-tax Act, 1961, to March 31, 2025, for...
Income Tax : The Central Government notifies Punjab RERA for tax exemption under Section 10(46A) of the Income-tax Act, effective from the 2024...
Notification No.S. O. 298(E) – Income Tax In exercise of the powers conferred by item (h) of sub-clause (iv) of clause (15) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies 7-years 8.85% tax-free (2004-VIII Series) Non-convertible Secured Redeemable Bonds of Rs. 1,00,000 each for an amount of Rs. 175 crores (rupees one hundred seventy-five crores only) bearing distinctive numbers from 80000001 to 80017500 issued by the Power Finance Corporation Limited for the purpose of the said item
Notification: S. O. 297(E) – Income Tax In exercise of the powers conferred by item (h) of sub-clause (iv) of clause (15) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies 9.5% tax-free Indian Renewal Energy Development Agency Energy Bonds (Series V) of Rs. 1,000 each for an amount of rupees one hundred crores only bearing distinctive numbers from 01 to 1000000 issued by
Notification No.S. O. 296(E) – Income Tax In exercise of the powers conferred by item (h) of sub-clause, (iv) of clause (15) of section 10 of the Income-tax Act, 1961 (45 of 1961), the Central Government hereby specifies 7-years 8.35% tax-free (2004-XXXIV Series) Bonds of Rs. 50,00,000 each for an amount of Rs. 100 crores (rupees one hundred crores only) bearing distinctive numbers from 600001 to 600200 issued by Rural
Notification No. S. O. 294(E) – Income Tax In exercise of the powers conferred by clause (6C) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby declares that any income arising by way of fees to Dowty Aerospace Gloucester Ltd., a company having its registered office at Cheltanham Road, Gloucester, GL29HQ, U.K. for such technical services as training, technical publication, technical representations and quality assurance received in pursuance of the agreement AR/8701, dated 31st March, 1995, entered into by it
Notification No. 10888/1999 – Income Tax In exercise of the powers conferred by clause (6C) of section 10 of the IT Act, 1961 (43 of 1961), the Central Government hereby dealers that any income arising by way of fees to M/s Dowty Aerospace Gloucester Limited, a company having its registered office at Cheltanham Road, Gloucester, GL2 9HQ, U.K. for such technical services as training, technical publication, technical
Notification No. 10886/1999 – Income Tax In exercise of the powers conferred by item (h) of sub-clause (iv) of clause (15) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies 7 years 8.85% tax-free (2004-VIIIth Series) non-convertible secured redeemable bonds of Rs. 1,00,000 each for an amount of Rs. 175 crores (Rupees one hundred seventy-five crores only) bearing distinctive numbers from 80000001 to 80017500 issued by Power Finance Corporation Limited for the purpose of the said item
Notification No. 10885/1999 – Income Tax In exercise of the powers conferred by item (h) of sub-clause (iv) of clause (15) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies 9.5% tax-free Indian Renewable Energy Development Agency Energy Bonds (Series V) of Rupees one thousand each for an amount of Rupees one hundred crores only bearing distinctive numbers from 01 to
Notification No.10884 – Income Tax In exercise of the powers conferred by item (h) of sub-clause (iv) of clause (15) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies 7 years 8.35% tax-free (2004-XXXIVth series) bonds of Rs. 50,00,000 each for an amount of Rs. 100 crores (Rupees one hundred crores only) bearing distinctive numbers from 600001 to 600200 issued by Rural
Notification No.S. O.1327 – Income Tax It is notified for general information that in respect of notifications and enterprises listed at para 2 (below), the approval of the Central Government granted earlier for the purpose of section 10(23G) of the Income-tax Act, 1961, for the assessment years 1998-99 to 2000-2001 be corrected to read as assessment years 1999-2000 to 2001-2002
Notification No.10881- Income Tax It is notified for general information that in respect of notifications and enterprises listed at para (2) below, the approval of the Central Government granted earlier for the purpose of section 10(23G) of the Income-tax Act, 1961 for assessment years 1999-99 to 2000-2001 be corrected to read as assessment years 1999-2000 to 2001-2002. The other terms and conditions for grant of
