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Income Tax : The Finance Bill 2025 proposes tax exemption on income up to ₹12 lakh, revised tax slabs, and a ₹75,000 standard deduction for...
Income Tax : A summary of corporate tax concessions in India, including key deductions, exemptions, and revenue impact from 2021-24 under the I...
Income Tax : Get insights on key amendments in the Income-tax Act, 1961, including changes to Sections 9A, 44BBD, 10(10D), and 158BB under the ...
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Income Tax : ITAT Mumbai sends back Hotel Association's Section 11 deduction case for fresh review, citing lack of proper verification of chari...
Income Tax : High Court held that the addition sustained by the ITAT lacked evidentiary basis and was founded on unwarranted suspicion. The ass...
Income Tax : Summary of key changes under the Banking Laws (Amendment) Act, 2025, covering RBI, Banking Regulation, SBI, and acquisition laws....
Income Tax : CBDT notifies HUDCO’s 10-Year Zero Coupon Bond worth ₹5,000 Cr under Section 2(48) of Income-tax Act for infrastructure projec...
Income Tax : CBDT approves KIMS Foundation, Hyderabad for scientific research under Section 35 of Income-tax Act, effective FY 2025–26 to AY ...
Income Tax : ITAT Chandigarh held that ITO Ward-3(1), Chandigarh had no jurisdiction to issue notice to an NRI and hence consequently the asses...
Income Tax : CBDT sets 30 April 2025 as the last date to file declarations under the Direct Tax Vivad se Vishwas Scheme, 2024....
Circular No. 94-Income Tax Reference is invited to this Ministry’s Circular No. 85, dated 29-5-1972, on the subject mentioned above.
Circular No. 95-Income Tax Reference is invited to this Ministry’s Circular No. 86, dated 29-5-1972, on the subject mentioned above. Rules relating to the provisions for deduction of tax at source from payments made to contractors and sub-contractors have since been made. The following instructions may please be noted for general guidance :
Notification: S.O.708(E) This notification contains Amendments to Income-tax Rules carried out on 15th November, 1972 not reproduced here as it is already contained in the body of the rules itself
In exercise of the powers conferred by clause (b) sub-section (2) of section 80G of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies Sheth Pestonji Kalabhai Vakil Kadmi Atash Behram (Fire Temple), Surat, to be a place of public worship of renown throughout the State of Gujarat for the purpose of the said section
Notification: 202 Central Government hereby notifies Shri Anandavalli Sametha Sundaravarada Perumal Temple, Uttiramerur, Chingleput District, to be a place of public worship of renown throughout the State of Tamil Nadu for the purposes of the said section.
Circular No. 93-Income Tax Clarification on several points arising out of the scheme of tax deduction at source from payments made to contractors and sub-contractors in certain cases have been given in this circular and printed in the bulletin.
Notification: S.O.3826 SOCIETY FOR PREVENTION OF HEART DISEASE AND REHABILITATION, 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.
Circular No. 92-Income Tax Attention is invited to Board’s Circular No. 4 (XI-3)D, dated 9-4-1959, as modified by Circular No. 30, dated 4-10-1969 [Clarifications 3 and 4] on the above subject.
Notification: S.O.3730 I. C. M. F. Cotton Development and Research Association, Bombay has been approved by the Indian Council of Agricultural Research, the prescribed authority for the purposes of clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961.
Notification: S.O.3729 International Crops Research Institute for the Semi-Arid Tropics, Hyderabad has been approved by the Indian Council of Agricultural Research, the prescribed authority for the purposes of clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961.
