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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 : 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 : Learn about Section 40(b) limits on partner remuneration and the introduction of Section 194T for TDS on remuneration, effective A...
Income Tax : Budget 2025 has brought significant simplification in the tax treatment of house properties, particularly for self-occupied proper...
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 Pune rules that late filing of Form 67 does not bar foreign tax credit under Section 90. Read about the case of Shashank Sada...
Income Tax : ITAT Ahmedabad sets aside CIT(A)'s dismissal of appeal due to non-appearance, directing fresh consideration with a proper hearing ...
Income Tax : ITAT Bangalore remits the case of Gold Palace Jewellers back to CIT(A) for fresh consideration, citing a 4-year delay and lack of ...
Income Tax : ITAT Pune confirms CIT's order under Section 263, finding errors in reassessment proceedings for Gourishankar Education Society. A...
Income Tax : ITAT Mumbai rules in favor of B. Braun Medical India, deleting ₹2 Cr addition u/s 68, citing it as an advance payment, not unexp...
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...
Income Tax : BILL No. 14 OF 2025 THE FINANCE BILL, 2025 (AS INTRODUCED IN LOK SABHA) THE FINANCE BILL, 2025 ARRANGEMENT OF CLAUSES ______ AS IN...
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
Notification No.42/2005 – Income Tax S.O. 143(E).— Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number SO 92(E) dated the 2nd February, 1996, issued under clause (b) of the Explanation to section 35AC of the Income-Fax Act, 1961 (43 of 1961), the Central Government had specified at serial number 5, the project of scheme to Conduct eye operation, polio
Notification No.41/2005 – Income Tax S.O.142(E).—Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O. 832(E) dated the 18th September, 1998, 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 18, the project of scheme for Construction of extension for hospital building, purchase of equipments/ambulance for Shri Nandlal Mulji Bhuta Medical Foundation at Sihor, District
Notification No.40/2005 – Income Tax S.O. 141(E).—Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O. 606(E) dated the 7th June, 2002, 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 4, the project of scheme for Running of Shree Navkar Sarvar Kendra and Purchase of vehicle at Ahmedabad, by Shree Navkar Sarvar Kendra, 1st Floor, B-II, Rajhans Society, Ellisbridge,
Notification No.39/2005 – Income Tax S.O. 140(E).—Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O.206(E) dated the 17th March, 1997, 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 8, the project of scheme for Equipments arid vehicle, running
Notification No.38/2005 – Income Tax S.O. 139(E).—Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O.711(E) dated the 25th September, 1992, 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 1, the project of scheme for (a) Mahatama Gandhi
Notification No. 37/2005 – Income Tax S.O. 138(E).—Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O.591(E) dated the 20th August, 1997, 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 Land, construction of building, equipments/instruments and running of M.D. Patel Sarvoday Eye/Orthopaedic Hospital at Sansad, District Ahmedabad, Gujarat by
