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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 : Explore the feasibility of flat tax in India. Analyze its impact on equity, revenue, and socio-economic challenges compared to pro...
Income Tax : Explore how new tax rebate under Section 87A allows individuals to avoid tax on incomes up to Rs 12 lakh. Learn through illustrati...
Income Tax : The introduction of Section 194O in the Income Tax Act, 1961 for e-commerce transactions, has created certain overlaps with Sectio...
Income Tax : Finance Bill 2025 limits tax loss carry-forward under Section 72A to 8 years from the original assessment year. Learn about its im...
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 : CBI registers case against 9, including Deputy Commissioner, 2 Inspectors, and 5 CAs, for sabotaging Faceless Tax Scheme; searches...
Income Tax : India's tax arrears stand at ₹47 lakh crore as of Dec 2024. CBDT & CBIC are taking steps, including asset identification, litiga...
Income Tax : India decriminalizes minor direct tax offenses to ease compliance. New measures include litigation management, compounding guideli...
Income Tax : ITAT Mumbai held that adjustment of disallowance of deduction u/s 80P(2)(d) is not permissible adjustment under section 143(1) of ...
Income Tax : ITAT Agra held that confirming penalty under section 271B of the Income Tax Act before finalization of quantum assessment is unjus...
Income Tax : ITAT Delhi held that provisions of section 68 or 69A of the Income Tax Act for cash deposit during demonetization period unjustifi...
Income Tax : Delhi High Court held that suo moto disallowance with bona fide yet mistaken belief that amount is liable to be offered for taxati...
Income Tax : Supreme Court examines "first offence" definition under Section 276CC of the Income Tax Act in the Vinubhai Mohanlal Dobaria case....
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...
This notification is applicable only to the recipients of income on behalf of the Institution and not to any other receipt or income of such recipients. Taxability or, otherwise of the income of the Institution would be separately considered as per the provisions of the Income-tax Act, 1961
Notification No. 244-Income Tax In the notification of the Government of India, in the Ministry of Finance, Department of Revenue (Central Board of Direct Taxes), number S.O. 1230(E), dated the 31st July, 2006 published in the Gazette of India, Extraordinary, in Part II, Section 3, Sub-section (ii), dated “the 31st July, 2006 at page 1, in line 19
Notification No. 243-Income Tax S.O. 1425(E) – Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) Number S.O. 92(E), dated the 7th February, 1997, 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 6, for Construction and running
Notification No. 242-Income Tax S.O. 1424(E) – Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) Number S.O. 1124(E), dated the 29th September, 2003, 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 10, for Recycle Recover
Notification No. 241-Income Tax S.O. 1423(E) – Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) Number S.O. 1365(E), dated the 27th November, 2003, 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 2, for Construction
Notification No. 240-Income Tax S.O. 1422(E) – Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) Number S.O. 1365(E), dated the 27th November, 2003, 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 7, for Gift of vision by Sri
Notification No. 239-Income Tax S.O. 1421(E).– Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) Number S.O. 1124(E), dated the 29th September, 2003, issued under sub-section (1) read with clause (b) of the Explanation to section 35AG of the Income-tax Act, 1961 (43 of 1961), the Central Government had specified at serial number 6, for Maintenance
Notification No. 238-Income Tax S.O. 1420(E) – Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) Number S.O. 740(E), dated the 12th October, 1994, 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 10, for Construction of Phase I of Bhagwan
Notification No. 236-Income Tax S.O. 1418(E).— Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) Number S.O. 20(E), dated the 6th January, 1995, 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 4, for Construction, furnishing
Notification No. 235-Income Tax S.O. 1417(E).— Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) Number S.O.180(E), dated the 10th March, 1997, 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 Rehabilitation and Education
