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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...
Circular No. 684-Income Tax III. Rates for deduction of income-tax at source from “Salaries”, computation of “advance tax” and charging of income-tax in special cases during the financial year 1994-95 6. The rates for deduction of income-tax at source from “Salaries” during the financial year 1994-95 and also for the computation of “advance tax” payable during that year in the case of all categories of taxpayers, have been specified in Part III of the First Schedule
Circular No. 683-Income tax The Board had issued two circulars, Circular No. 523, dated October 5, 1988 (Annex I) and Circular No. 576, dated August 31, 1990 (Annex II) in connection with the procedure to be followed in respect of grant of ‘consent’ by the Central Government in cases involving financial assistance to be given under Direct Tax Laws for rehabilitating sick industries under Sick Industrial Companies (Special Provisions) Act, 1985 (SICA)
Notification No. S.O.434(E)-Income Tax In exercise of the powers conferred by section 115K and by section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend the Income-tax Rules, 1962, namely :— This notification contains Amendment to Income-tax Rules, 1961 carried out on 7-6-1994 not reproduced here as it is already contained in the body of the rules itself.
Notification No. S.O.1406-Income Tax In exercise of the powers conferred by clause (viii) of sub-section (1) of section 36 of the Income-tax Act, 1961, the Central Government hereby approves Ind Bank Housing Limited, 178, Kodambakkam High Road, Nungambakkam, Madras, for the purpose of the said clause for the assessment years 1994-95, 1995-96 and 1996-97.
Notification No. S.O.1408-Income Tax In exercise of the powers conferred by clause (viii) of sub-section (1) of section 36 of the Income-tax Act, 1961, the Central Government hereby approves Vidarbha Housing Development Finance Company Limited, 1st Floor, Amar Palace, West Central Road, Dhantoli, Nagpur-440 012, for the purpose of the said clause for the assessment years 1991-92 to 1994-95.
Notification No. S.O.1409-Income Tax In exercise of the powers conferred by clause (viii) of sub-section (1) of section 36 of the Income-tax Act, 1961, the Central Government hereby approves Dewan Housing Development Finance Limited, Warden House, 2nd Floor, Sir P. M. Road, Fort, Bombay-400 023, as a company for the purpose of the said clause for the assessment years 1993-94 to 1995-96.
Notification No. S.O.1410-Income Tax In exercise of the powers conferred by clause (viii) of sub-section (1) of section 36 of the Income-tax Act, 1961, the Central Government hereby approves GLFL Housing Finance Limited, 1st Floor, Hasubhai Chambers, Opp. Town Hall, Ellis Bridge, Ahmedabad-380 006, for the purpose of the said clause for the assessment year 1994-95.
Notification No S.O.1405-IncomeTax In exercise of the powers conferred by clause (viii) of sub-section (1) of section 36 of the Income-tax Act, 1961, the Central Government hereby approves Credit Capital Venture Fund (India) Limited, 62, Basant Lok, Vasant Vihar, New Delhi-110 057, as a company for the purpose of the said clause for the assessment years 1995-96 and 1996-97.
Central Board of Direct Taxes has Issued/Guidelines/Instruction No. 1916 Dated 11th May, 1994 In the Matter of Seizure of Jewellery, Which Reads as follows: Instances of seizure of jewellery of small quantity in the course of operation under section 132 have come to the notice of the Board. The question of a common approach to […]
Notification No. S.O.1234-Income Tax In exercise of the powers conferred by clause (viii) of sub-section (1) of section 36 of the Income-tax Act, 1961, the Central Government hereby approves Risk Capital and Technology Finance Corporation Ltd., Scope Complex Core-V, Lodi Road, Post Box No. 3901, New Delhi-110 003, as a company for the purpose of the said clause for the assessment years 1993-94, 1994-95 and 1995-96.
