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Income Tax : Learn about the clubbing provisions under the Income Tax Act, covering income transfers, revocable transfers, and taxation of inco...
Income Tax : Understand the provisions of Sections 269SS, 269ST, and 269T under Indian tax law, their implications, and reporting requirements ...
Income Tax : Learn about Sovereign Gold Bonds (SGBs), including eligibility, investment limits, interest rates, redemption, and tax implication...
Income Tax : Rental income from sub-letting is taxed as "Income from other sources," not "Income from house property." Deemed ownership rules a...
Income Tax : Understand presumptive taxation schemes under sections 44AD, 44ADA, and 44AE, including eligibility, computation, and maintenance ...
Income Tax : Join our 5-day live course from Sept 8-12, 2024, for an in-depth understanding of tax audits under Section 44AB, with practical in...
Income Tax : Learn to handle faceless income tax assessments using AI tools like ChatGPT in a 2-hour live course on Sept 1, 2024. Enhance effic...
Income Tax : The Central Action Plan 2024-2025 by CBDT aims to optimize India's direct tax system, focusing on revenue, litigation, taxpayer se...
Income Tax : Join our live course from Aug 23-25, 2024, to master tax audits, including Form 3CD, financial statements, and GST, with practical...
Income Tax : As of August 11, 2024, net direct tax collections for FY 2024-25 stand at Rs. 6.93 lakh crores, marking a 22.48% growth compared t...
Income Tax : ITAT Mumbai deletes disallowance of capital gains by DCIT after confirming investment in property with Charity Commissioner approv...
Income Tax : ITAT Mumbai held that confirmation of addition u/s. 69A and 68 of the Income Tax Act without finding any fault with the evidence s...
Income Tax : Madras High Court held that compensation paid to ESOP holders qualifies as perquisite and hence taxable under the head ‘salary�...
Income Tax : ITAT Ahmedabad held that invocation of section 263 by PCIT unjustified due lack of sufficient evidence to support claim that the o...
Income Tax : ITAT Ahmedabad held that deduction under section 54 of the Income Tax Act towards Long Term Capital Gains admissible even when ret...
Income Tax : Finance Act 2023 updates the process for filing applications under Section 10(46A) of the Income-tax Act. Standardized procedures ...
Income Tax : On August 16, 2024, President Droupadi Murmu officially granted her assent to the Finance (No 2) Bill, 2024. With this move, the b...
Income Tax : Explore the Finance Bill 2024, detailing income tax rates, surcharges, and provisions for various taxpayers, including individuals...
Income Tax : Insight Instruction No. 79 details procedures for managing high-risk PAN cases in the Insight portal, guiding tax officers through...
Income Tax : UIDAI's specified income receives tax exemption for AY 2024-2025 to 2028-2029 under Income-tax Act, 1961, as per the latest CBDT n...
Notification No.30/2005 – Income Tax S.O. 131(E).— Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O.1209(E) dated the 12lh December, 2001, issued under 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 3, the project or scheme for Skill training with
Notification No.29/2005 – Income Tax S.O. 130(E)— Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O. 96(E) dated the 11th February, 1999, issued under 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 9, the project or scheme for Providing free food and
Notification No.28/2005 – Income Tax S.O. 129(E).— Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O. 602(E) dated the 12th August, 1993, issued under 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 3, the project of scheme for Construction of Maharaja
Notification No.27/2005 – Income Tax S.O. 128(E).— Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O. 212(E) dated the 14th April, 1999, issued under sub-section (1) of, 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 3 the project or scheme for Extended programme of conducting free polio operations and providing free artificial limbs to rehabilitate orthopaedically disabled
Notification No.26/2005 – Income Tax S.O. 127(E).— Whereas by notification of the Government of India in the Ministry of finance (Department of Revenue) number S.O. 193(E) dated the 14th March, 1996, issued under sub-section (1) of, 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 14, the project of scheme for
Notification No.25/2005 – Income Tax S.O.121 (E).—In exercise of the powers conferred by item (h) of sub-clause (iv) of clause (15) of Section 10 of the Income-tax Act; 1961 (43 of 1961), the Central Government hereby specifies “5.15% Housing and Urban Development Corporation Limited Tax free Bonds Series-XXXIV” aggregating rupees fifty crores, having a face value of rupees ten lakhs each and carrying interest
Notification No. 24/2005 – Income Tax In exercise of the powers conferred by item (h) of sub-clause (iv) of clause (15) of Section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies the following Tax free bonds issued by M/s Housing and Urban Development Corporation Limited (HUDCO), New Delhi during the financial year 2002-2003, for the purpose of the said item
Notification No.23/2005 – Income Tax Whereas the Convention between the Government of the Republic of India and Republic of Philippines for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income that came into force on the 21st day of March, 1994, after the notification by both the Contracting States to each other of the completion of the procedures required under their laws for bringing into force the said Convention
Notification No.22/2005 – Income Tax It is notified for general information that approval to the enterprise/undertaking, listed at para (3) below has been renewed by the Central Government for the purpose of section 10(23G) of the Income-tax Act, 1961, read with rule 2E of the Income-tax Rules, 1962 with effect from the Assessment Year 2005-06 to Assessment Year 2020-2021 (upto 08.11.2019) i.e. for a period of 17 years
Notification No.21/2005 – Income Tax It is notified for general information that approval to the enterprise/undertaking, listed at para (3) below has been renewed by the Central Government for the purpose of section 10(23G) of the Income-tax Act, 1961, read with rule 2E of the Income-tax Rules, 1962 with effect from the Assessment Year 2004-2005 to Assessment Year 2006-2007