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Income Tax : Learn about the planned overhaul of India’s Income Tax Act 1961, set to simplify and modernize tax laws by 2025, aiming for clar...
Income Tax : Learn how to revise TDS returns online via TRACES, correct errors, and ensure compliance. Get step-by-step guidance and understand...
Income Tax : In the alternate, assessee has also raised a ground that Assessing Officer ought to have allowed the expenditure incurred in culti...
Income Tax : Explore the updated income tax slabs for FY 2024-25, comparing the new and old regimes, including deductions, rebates, and surchar...
Income Tax : Learn how losses from speculation business can be set off only against speculation income, with provisions for carry-forward....
Income Tax : Direct tax collections for FY 2024-25 have risen 21.2% gross, with a 15.41% net growth compared to the previous year, reflecting c...
Income Tax : CBI files chargesheet against Principal Commissioner of Income Tax and four others in a Rs 10 lakh bribery case. Investigation det...
Income Tax : CBDT sets transfer pricing tolerance range at 1% for wholesale trading and 3% for other transactions for AY 2024-25, providing cla...
Income Tax : KSCAA highlights critical issues on India’s Income Tax Portal, impacting timely filings for returns and TDS with glitches, timeo...
Income Tax : CBDT simplifies compounding procedures under the Income-tax Act, 1961 by reducing charges, removing limits, and easing filing requ...
Income Tax : ITAT Bangalore directed CIT(A) to condone delay of 484 days in filing of an appeal and consider the issue on merits as it is alleg...
Income Tax : ITAT Bangalore held that deduction towards reversal of provision for inventory written off due to obsolescence allowable since the...
Income Tax : The assessee is engaged in the business of letting out buildings both residential and non-residential. The case of the assessee wa...
Income Tax : ITAT Vishakhapatnam allowed weighted deduction under section 35(2AB) of the Income Tax Act since amount received from Department o...
Income Tax : ITAT Visakhapatnam held that addition under section 68 r.w.s. 115BBE of the Income Tax Act deleted as the source for capital inves...
Income Tax : CBDT sets new monetary limits for waiver of interest on delayed tax payments under Section 220(2) of the Income Tax Act, 1961, eff...
Income Tax : CBDT issues Notification No. 5/2024 for mandatory electronic filing of Forms 3CEDA and 3C-O under Income Tax Rules, effective from...
Income Tax : CBDT issues Circular No. 14/2024 allowing condonation of delay in filing tax returns for AY 2023-24 under Section 80P, benefiting ...
Income Tax : The CBDT extends the Income Tax Return due date for AY 2024-25 to November 15, 2024, as per Circular No. 13/2024 issued on October...
Income Tax : CBDT exempts income of West Bengal Pollution Control Board under Section 10(46) of the Income-tax Act, 1961, subject to non-commer...
Notification No. 292-Income Tax In exercise of the powers conferred by sub-clause (iv) clause (23C) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies the “Punjab Calamity Relief Fund, Punjab, Chandigarh” for the purpose of the said sub-clause for the assessment years 1991-92 to 1993-94 subject to the following conditions
Notification No. 290-Income Tax In exercise of the powers conferred by clause (23) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies the “Sports Authority of Andhra Pradesh, Hyderabad” for the purpose of the said clause for the assessment years 2000-01 to 2002-03 subject to the following conditions
Notification No. 289-Income Tax In exercise of the powers conferred by the sub-clause (iv) of clause (23C) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies the “Indian International Textile Machinery Exhibition Society, Mumbai” for the purpose of the said sub-clause for the assessment years 2002-03 to 2004-05 subject
Notification No. 284-Income Tax In exercise of the powers conferred by the sub-clause (iv) of clause (23C) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies the “Action for Food Production (AFPRO), Janakpuri, New Delhi” for the purpose of the said sub-clause for the assessment years 1994-95 to 1996-97 subject
Notification No. 288-Income Tax In exercise of the powers conferred by the sub-clause (iv) of clause (23C) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies the “Indian Institute of Public Administration, New Delhi” for the purpose of the said sub-clause for the assessment years 2001-02 to 2003-04 subject to the following conditions
Notification No. 283-Income Tax In exercise of the powers conferred by the sub-clause (iv) of clause (23C) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies the “Centre for High Technology, New Delhi” for the purpose of the said sub-clause for the assessment years 1992-93 to 1994-95 subject to the following conditions
Notification No. 280-Income Tax In exercise of the powers conferred by the sub-clause (v) of clause (23C) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies the “Shri Laxmji Mandir Trust, Bet” for the purpose of the said sub-clause for the assessment years 1993-94 to 1995-96 subject to the following conditions
Notification No. 286-Income Tax In exercise of the powers conferred by the sub-clause (iv) of clause (23C) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies the “Delhi Society for Mentally Retarded Children, Okhla Centre, New Delhi” for the purpose of the said sub-clause for the assessment years 1997198 to 1999-2000 subject
Notification No. 281-Income Tax In exercise of the powers conferred by the sub-clause (v) of clause (23C) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies the “Shri Radhikaji Mandir Trust, Bet” for the purpose of the said sub-clause for the assessment years 1993-94 to 1995-96 subject to the following conditions
Notification No. 285-Income Tax In exercise of the powers conferred by the sub-clause (iv) of clause (23C) of section 10 of the Income-tax Act., 1961 (43 of 1961), the Central Government hereby notifies the “The Society of the Franciscan Servants of Mary, Algapuram, Salem” for the purpose of the said sub-clause for the assessment years 1992-93 to 1994-95 subject