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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.S. O. 1373 – Income Tax It is notified for general information that Synergy Mortgage Loan Co. Ltd., 3011 and 3014 High Point III, 25 Palace Road, Bangalore, has been approved by the Central Government for the purpose of section 36(1)(viii) of the Income-tax Act, 1961, for the assessment years 1998-99 and 1999-2000
Notification No.S. O. 1372 – Income Tax It is notified for general information that P. N. B. Housing Finance limited, 9th Floor, Antriksh Bhavan, 22, Kasturba Gandhi Marg, New Delhi-110001, has been approved by the Central Government for the purpose of section 36(1)(viii) of the Income-tax Act, 1961, for the assessment year 1999-2000
Notification No.10897 – Income Tax It is notified for general information that enterprises, listed at para (3) below have been approved 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, for the assessment years 1999-2000, 2000-2001 and 2001-2002
Notification No.10896 – Income Tax It is notified for general information that M/s Synergy Mortgage Loan Company Limited 3011 and 3014 High Point III, 25 Palace Road, Bangalore has been approved by the Central Government for the purposes of section 36(1)(viii) of the Income-tax Act, 1961, for the assessment years 1999-99 and 1999-2000
Notification No.10895 – Income Tax It is notified for general information that M/s PNB Housing Finance Limited, 9th floor, Antriksh Bhavan, 22, Kasturba Gandhi Marg, New Delhi—110 001 has been approved by the Central Government for the purposes of section 36(1)(viii) of the Income-tax Act, 1961, for the assessment year 1999-2000
Notification No.S. O. 298(E) – 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 7-years 8.85% tax-free (2004-VIII Series) Non-convertible Secured Redeemable Bonds of Rs. 1,00,000 each for an amount of Rs. 175 crores (rupees one hundred seventy-five crores only) bearing distinctive numbers from 80000001 to 80017500 issued by the Power Finance Corporation Limited for the purpose of the said item
Notification: S. O. 297(E) – 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 9.5% tax-free Indian Renewal Energy Development Agency Energy Bonds (Series V) of Rs. 1,000 each for an amount of rupees one hundred crores only bearing distinctive numbers from 01 to 1000000 issued by
Notification No.S. O. 296(E) – 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 (45 of 1961), the Central Government hereby specifies 7-years 8.35% tax-free (2004-XXXIV Series) Bonds of Rs. 50,00,000 each for an amount of Rs. 100 crores (rupees one hundred crores only) bearing distinctive numbers from 600001 to 600200 issued by Rural
Notification No. S. O. 294(E) – Income Tax In exercise of the powers conferred by clause (6C) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby declares that any income arising by way of fees to Dowty Aerospace Gloucester Ltd., a company having its registered office at Cheltanham Road, Gloucester, GL29HQ, U.K. for such technical services as training, technical publication, technical representations and quality assurance received in pursuance of the agreement AR/8701, dated 31st March, 1995, entered into by it
Notification No. 10888/1999 – Income Tax In exercise of the powers conferred by clause (6C) of section 10 of the IT Act, 1961 (43 of 1961), the Central Government hereby dealers that any income arising by way of fees to M/s Dowty Aerospace Gloucester Limited, a company having its registered office at Cheltanham Road, Gloucester, GL2 9HQ, U.K. for such technical services as training, technical publication, technical
