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Income Tax : Understand the updated TDS rates for FY 2025-26 (AY 2026-27). Comprehensive chart covering salary, interest, dividends, rent, and ...
Income Tax : Budget 2025 revises income tax slabs, making ₹4,00,000 tax-free. New rates range up to 30% for income above ₹24,00,000. Key de...
Income Tax : Income tax bill, 2025 aims to replace Income Tax Act, 1961, simplifying tax laws. Questions arise about its impact on revenue, lit...
Income Tax : Income Tax Bill 2025 introduces changes to TDS, TCS, and LRS provisions, raising threshold limits and reducing compliance burdens....
Income Tax : CIT International Tax- 1 Vs Expeditors International of Washington INC (Delhi High Court); ITA 202/2022; Dated: 13/02/2025 In a si...
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 : Bombay HC rules in CIT vs. Nitish Chordia that agricultural land distance must be measured by road, not aerial view, impacting cap...
Income Tax : ITAT Surat rules that for capital gains tax on agricultural land, municipal limits are determined by notification in force at the...
Income Tax : ITAT remands case regarding taxability of interest income earned before business commencement, citing need for fresh adjudication ...
Income Tax : Bombay High Court rules reassessment proceedings against Alok Industries invalid post-resolution plan approval under IBC, citing S...
Income Tax : ITAT Jaipur dismisses Bansi Lal's appeal, upholding additions for unexplained bank deposits and interest income. Tribunal cites l...
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...
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...
Circular No. 378 – Income Tax Under section 80J a deduction at the rate of 6 per cent per annum of the capital employed is allowed from the profits of new industrial undertakings, ships and hotels which fulfill the prescribed conditions. In case of companies where the new industrial undertakings begin to manufacture after March 31, 1976 or ships
Notification No. G.S.R.86(E)-Income Tax In exercise of the powers conferred by clause (via) of sub-section (1) of section 80L of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby approves the Industrial Development Bank of India established under the Industrial Development Bank of India Act, 1964 (18 of 1964), for the purposes of the said clause.
Notification No. S.O.805-Income Tax In exercise of the powers conferred by clause (iv) of sub-section (23C) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies ” Indian Council for Research on International Economic Relations, New Delhi “, for the purpose of the said section for the period covered by the assessment years 1983-84 to 1985-86
Notification No. S.O.804-Income Tax In exercise of the powers conferred by clause (iv) of sub-section (23C) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies ” The Social Work & Research Centre, Ajmer (Rajasthan) “, for the purpose of the said section for the period covered by the assessment years 1982-83, 1983-84 and 1984-85
Notification No. S.O.803-Income Tax In exercise of the powers conferred by clause (v) of sub-section (23C) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies ” Cloistered Carmal, Mangalore “, for the purpose of the said section for the period covered by the assessment years 1982-83 to 1984-85.
Notification No. S.O.802-Income Tax In exercise of the powers conferred by clause (v) of sub-section (23C) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies ” T.V.S. Charities “, for the purpose of the said section for the period covered by the assessment years 1984-85 and 1985-86.
Notification No. G.S.R.84(E)-Income Tax In exercise of the powers conferred by clause (c) of sub-section (1) of section 35CCA of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies the National Fund for Rural Development set up under the resolution of the Government of India in the Cabinet Secretariat No. 82/1/4/83-Cab., dated 10th February, 1984, for the purposes of the said section.
Notification No. S.O.801-Income Tax 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 Kundeshwara Temple, Kundapura (Karnataka) ” to be a place of public worship of renown throughout the State of Karnataka.
Notification No. S.O.819-Income Tax In pursuance of sub-clause (f) of clause (iii) of sub-section (3) of section 194A of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies the society known as Army Group Insurance Fund, New Delhi, for the purposes of the said sub-clause.
Notification No. S.O.1023-Income Tax It is hereby notified for general information that in Ministry of Finance (Department of Revenue) Notification No. 3758, dated 6th December, 1980. This notification contains Corrigendum to Income-tax Act carried out on February 24, 1984 not reproduced here as it is already contained in the body of the Act itself.
