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Income Tax : Learn key updates in the New Income Tax Bill, 2025, effective April 2026. Covers tax year, compliance, deductions, international t...
Income Tax : The Income Tax Bill 2025 aims to simplify tax laws by replacing the 1961 Act. It includes 23 chapters, 16 schedules, and 536 secti...
Income Tax : Perquisites and Profits in Lieu of Salary are important components of taxable income under the Income Tax Act of 1961. These refer...
Income Tax : Budget 2025-26 focuses on growth, tax relief, and investment. GDP projected at 6.3-6.8%, new tax slabs ease burden on middle class...
Income Tax : Explore the New Tax Bill 2025, replacing the Income Tax Act of 1961. Learn about its simplified structure, global alignment, and c...
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 : Corporate tax collections rose post rate cuts from AY 2020-21, except during COVID. Budget 2025 proposes presumptive tax for elect...
Income Tax : CPC (TDS) reminds deductors to file TDS Statement 26Q for Q2 FY 2024-25. Late/non-filing may attract fees and affect TDS credit fo...
Income Tax : Union Cabinet has approved the new Income Tax Bill 2025, aiming to simplify and modernize India's tax system by replacing the 1961...
Income Tax : Therefore, the procedure that is required to be completed for issuance of notice under Section 148 of the Act is required to be co...
Income Tax : ITAT Pune deletes additions against Ganraj Homes LLP based on extrapolated on-money allegations, citing lack of corroborative evid...
Income Tax : ITAT Chennai held that addition under section 69 towards unaccounted gold and silver jewellery set aside relying on CBDT instructi...
Income Tax : Kerala High Court held that recovery of tax arrears by income tax department from property that was already auctioned by Kerala Ge...
Income Tax : Delhi High Court held that license fees paid to M/s. Remfry & Sagar for use goodwill vested in the company is allowable as deducti...
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...
Income Tax : CBDT authorizes data sharing with DFPD to identify PMGKAY beneficiaries. MoU to govern data confidentiality, transfer mode, and ti...
Notification: S.O.2216 (i) That the institution will maintain a separate account of the sums received by it for scientific research in the field of medical research. (ii) That the institution will furnish annual returns of its scientific research activities to the Council for each financial year by 15th May each year at the latest in such form as may be laid down and intimated to them for this purpose.
Notification: S.O.1987 1. The funds collected by the Institute under this exemption will be utilised exclusively for promotion of research in social sciences. 2. The Institute shall maintain separate accounts of the funds collected by them under the exemption.
Notification: S.O.1996 Central Government hereby notifies Federation for the Welfare of the Mentally Retarded (India) for the purpose of the said section for and from the assessment year(s) 1977-78.
Notification: S.O.1995 Central Government hereby notifies Army Officers’ Wives Association, Headquarters Maharashtra & Gujarat Area, Bombay, for the purpose of the said section for and from the assessment year(s) 1973-74.
Notification: S.O.1343 Central Government hereby notifies St. Joseph’s Church Trust, Dahod, for the purpose of the said section for and from the assessment year(s) 1977-78.
Notification: S.O.1994 Central Government hereby notifies Army Officers’ Contributory Education Fund for the purpose of the said section for the assessment year(s) 1973-74, 1974-75 and 1975-76 also.
In exercise of the powers conferred by section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following
Notification: S.O.2215 (i) That the institution will maintain a separate account of the sums received by it for scientific research in the field of medical research. (ii) That the institution will furnish annual returns of its scientific research activities to the Council for each financial year by 15th May each year at the latest in such form as may be laid down and intimated to them for this purpose.
Notification: S.O.2043 Central Government hereby notifies “The Coimbatore Diocese Society” for the purpose of the said section for and from the assessment year(s) 1973-74.
Notification: S.O.1972 (i) Armed Forces Benevolent Fund (ii) Special Fund for Reconstruction & Rehabilitation of Ex-Servicemen (iii) Armed Forces Re-Construction Fund (iv) India Gorkha Ex-Servicemen’s Welfare Fund (v) Central Post War Re-settlement Fund (vi) Armed Forces Flag Day Fund (vii) War Bereaved & Disabled Servicemen Special Relief Fund (viii) India Soldiers, Sailors & Airmen’s Board Fund
