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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...
NC Notification No. 54/2011 – Income Tax Whereas by Notification of the Government of India in the Ministry of Finance (Department of Revenue) Number S.O.708(E), dated the 25th May, 2005, issued under clause (b) of the Explanation to section 35AC of the Income-tax Act, 1961 (43 of 1961), the Central Government had notified at serial Number 17, “Providing mid-day meal to 50,000 school-students in Delhi” by Iskcon Food Relief Foundation, Hare Krishna Land, Juhu, Mumbai – 400049, as an eligible project or scheme for a period of three years beginning with financial year 2005-06 and which was extended further vide Notification Number S.O. 1312(E), dated 4th June, 2008 for a period of three years beginning with financial year 2008-09;
NC Notification No. 53/2011 – Income Tax Whereas by Notification of the Government of India, in the Ministry of Finance (Department of Revenue) Number S.O.708(E), dated the 25th May, 2005, issued under sub-section (1) read with clause (b) of the Explanation to section 35AC of the Income-tax Act, 1961 (43 of 1961), the Central Government had notified at serial Number 7, “Corpus fund for Cansupport” by CANSUPPORT, Kanak Durga, Basti Vikas Kendra, Sector-12, R.K. Puram, New Delhi – 110022, as an eligible project or scheme for a period of three years beginning with financial year 2005-2006 and which was extended further vide Notification Number S.O. 2374(E), dated 3rd October, 2008 for a period of three years beginning with financial year 2008-09;
NC Notification No. 52/2011 – Income Tax Whereas by Notification of the Government of India in the Ministry of Finance (Department of Revenue) Number S.O. 135(E), dated the 3rd February, 2006, issued under clause (b) of the Explanation to section 35AC of the Income-tax Act, 1961 (43 of 1961), the Central Government had notified at serial Number 9, “National Centre for Adolescents” by Urivi Vikram Charitable Trust, MCD Shopping Complex, 1st Floor (Near Central School), Tagore Garden Extension, P.O Box No. 6557, New Delhi – 110027, as an eligible project or scheme for a period of three years beginning with financial year 2005-06 and which was extended further vide Notification Number S.O. 1311(E), dated 4th June, 2008 for a period of three years beginning with financial year 2008-09;
NC Notification No. 64/2011 – Income Tax WHEREAS by Notification of the Government of India, in the Ministry of Finance (Department of Revenue) Number S.O.901(E), dated the 20th September, 2001, issued under sub-section (1) read with clause (b) of the Explanation to section 35AC of the Income-tax Act, 1961 (43 of 1961), the Central Government had specified at serial Number 13, for Literacy project of running 2890 One Teacher Schools (OTS) at 2890 tribal areas in 6 States, by Friends of the Tribal Society, 19- Ganga Prasad Mukherjee Road, Kolkatta-700025, as an eligible project or scheme for a period of three years beginning with assessment year 2002-03; which was extended further vide Notification Number S.O.797(E), dated the 5th July, 2004 for a period of three years beginning with financial year 2004-05 and which was extended further vide Notification Number S.O.478(E), dated the 29th March, 2007 for a period of three years beginning with financial year 2007-08;
NC Notification No. 69/2011 – Income Tax Whereas by Notification of the Government of India in the Ministry of Finance (Department of Revenue) Number S.O. 1295(E), dated 4th June, 2008, issued under clause (b) of the Explanation to section 35AC of the Income-tax Act, 1961 (43 of 1961), the Central Government had notified at serial Number 3, sustainability and building corpus fund for children’s home/hospital/educational Institutions of Gandhigram Trust by Gandhigram Trust, Gandhigram -624302, Dindigul District, Tamilnadu, as an eligible project or scheme for a period of three years beginning with financial year 2008-09;
NC Notification No. 63/2011- Income Tax WHEREAS by Notification of the Government of India in the Ministry of Finance (Department of Revenue) Number S.O.228(E), dated the 17th March, 1994, issued under clause (b) of the Explanation to section 35AC of the Income-tax Act, 1961 (43 of 1961), the Central Government had notified at serial Number 6, ” Integrated Rural Development through health and medical services for rural poor and tribals, vocational training to tribals and rural poor between age 15 to 35 years for poverty alleviation, income generation activities for development of woman, promotion of gramodyog (cottage industries) for poverty alleviation and help to rural poor for constructing low cost houses” by SEWA-Rural (Society for Education, Welfare and Action-Rural), At & Post Office Jhagadia, District Bharuch-393110, as an eligible project or scheme for a period of three years beginning with assessment year 1994-95, which was extended further vide Notification Number S.O.403(E), dated the 6th June, 1996 for a period of three years beginning with assessment year 1997-98 which was extended further vide Notification Number S.O.748(E), dated the 10th September, 1999 for a period of three years beginning with assessment year 2000-01 which was extended further vide Notification Number S.O.986(E), dated the 10th September, 2002 for a period of three years beginning with assessment year 2003-04 and which was extended further vide Notification Number S.O.508(E), dated 4th April, 2006 for period of three years beginning with financial year 2005-06 and which was extended further vide Notification Number S.O. 1297(E), dated 4th June, 2008 for a period of three years beginning with financial year 2008-09;
NC Notification No. 51/2011 – Income Tax Whereas by Notification of the Government of India in the Ministry of Finance (Department of Revenue) Number S.O.708(E), dated the 25th May, 2005, issued under clause (b) of the Explanation to section 35AC of the Income-tax Act, 1961 (43 of 1961), the Central Government had notified at serial Number 15, “Project for capacity building of voluntary sector” by SOSVA Training and Promotion Institute Mhada Commercial Complex, MHB Colony, Yarwada, Pune-411006, as an eligible project or scheme for a period of three years beginning with financial year 2005-06 and which was extended further vide Notification Number S.O. 1465(E), dated 17th June, 2008 for a period of three years beginning with financial year 2008-09;
NC Notification No. 58/2011 – Income Tax Whereas by Notification of the Government of India in the Ministry of Finance (Department of Revenue) Number S.O. 2545(E), dated 6th October, 2009, issued under clause (b) of the Explanation to section 35AC of the Income-tax Act, 1961 (43 of 1961), the Central Government had notified at serial Number 2, Free Education Programme for All Children Especially for economically weaker section by Prayas Social Welfare Society, D.C. Model Sr. Sec. School, Sector -09, Faridabad 121006, as an eligible project or scheme for a period of two years beginning with financial year 2009-10;
NC Notification No. 68/2011 – Income Tax Whereas by Notification of the Government of India, in the Ministry of Finance (Department of Revenue) Number S.O. 1111(E), dated the 8th August, 2005, issued under sub-section (1) read with clause (b) of the Explanation to section 35AC of the Income-tax Act, 1961 (43 of 1961), the Central Government had notified at serial Number 11, “National Association for the Blind” by National Association for the Blind, 11, Khan Abdul Gaffar Khan Road, Worli Seaface, Mumbai – 400030, as an eligible project or scheme for a period of three years beginning with financial year 2005-06 and which was extended further vide Notification Number. S.O.2384(E), dated 3rd October, 2008 for a further period of three years beginning with the financial year 2008-09;
NC Notification No. 62/2011 – Income Tax WHEREAS by Notification of the Government of India in the Ministry of Finance (Department of Revenue) Number S.O. 121(E), dated 12th January, 2009, issued under clause (b) of the Explanation to section 35AC of the Income-tax Act, 1961 (43 of 1961), the Central Government had notified at serial Number 22, Holy Spirit Ashram – expansion of the existing 50 beds general hospital with 100 beds with special consideration of AIDS and Cancer (with R&D unit) by Mother Foundation Charitable Trust, JN-2/65/A-3, Gulmohur Society, Sector 9, Vashi, Navi Mumbai -400703, as an eligible project or scheme for a period of three years beginning with financial year 2008-09;
