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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 : Allahabad HC quashes two Section 154 tax orders, citing laconic reasoning and violation of natural justice. Fresh hearing ordered....
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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...
Notification S.O.313 – Institute for Financial Management and Research, Madras – It is hereby notified for general information that the institution mentioned below has been approved by the Council of Scientific and Industrial Research
Circular No. 51-Income Tax Reference is invited to paragraph 21 of the Board’s Circular No. 45, dated 2-9-1970 which explains the scope and ambit of section 13 as substituted by the Finance Act, 1970
This notification contains amendments to Income-tax Rules carried out on 16th December, 1970 not reproduced here as it is already contained in the body of the rules itself
Notification: S.O.3951 The Association of Otolaryngologists of India, Bombay has been approved by the Indian Council of Medical Research, the prescribed authority for the purposes of clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961, (43 of 1961) :
Notification: S.O.3769 This notification contains amendments to Income-tax Rules carried out on 18th November, 1970 not reproduced here as it is already contained in the body of the rules itself
Circular No. 49-Income Tax Section 288B, introduced by the Finance Act, 1966, provides for rounding off of the amount of tax (including tax deductible at source or payable in advance), interest, penalty, fine or any other sum payable and the amount of refund due under the provisions of the Act, to the nearest rupee and for this purpose where such amount contains a
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 Shri Athmanathaswam
Circular: No. 48 -Income Tax I am directed to invite a reference to the Board’s Circular No. 22/68-IT(B) [F. No. 12/23/68-IT(B)], dated 28-3/13-5-1968, regarding the provisions of section 194A. Instances have been brought to the notice of the Board where in the case of outstation sale of goods the supplier draws a hundi on the buyer and routes it through his banker
In exercise of the powers conferred by clause (b) of sub-section (2) of section 80G of the Income-tax Act, 1961, (43 of 1961), the Central Government hereby notifies the under-mentione
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 Shri Satya Gnana Sabai, Vadalar, Cu