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Income Tax : Increasing use of RERA data by tax authorities makes alignment between project disclosures and income tax reporting essential to a...
Income Tax : Taxpayers are facing confusion following the introduction of the Income-tax Act, 2025. The key clarification is that income earned...
Income Tax : The issue concerns whether declaring profits below the presumptive rate automatically triggers tax audit or whether turnover thres...
Income Tax : The case demonstrates how an incorrect exemption claim based on Form 16 led to scrutiny and penalty proceedings. The Tribunal ulti...
Income Tax : This article explains the advance tax provisions under the Income-tax Act, including liability thresholds, exemptions, and instalm...
Income Tax : The CBI apprehended an Income Tax Office Superintendent in Odisha after he was allegedly caught accepting a bribe for deleting a d...
Income Tax : The Income Tax Appellate Tribunal has proposed a priority disposal mechanism for appeals filed up to and including 2022 in respons...
Income Tax : A representation has urged CBDT to merge TDS return codes 1023 and 1024, arguing that both apply to the same contract payments wit...
Income Tax : Association requested CBDT to rationalize CASS 2026 case selection considering the administrative burden caused by implementation ...
Income Tax : KSCAA requested the CBDT to release e-filing utilities and schemas for AY 2026-27 without delay, stating that pending utilities ar...
Income Tax : The Court held that, for assessment year 2009-10, filing the audit report along with the return was directory and not mandatory. D...
Income Tax : The Chennai ITAT held that the Pr. CIT could not invoke Section 263 on matters already under consideration before the appellate au...
Income Tax : The Chennai ITAT held that excess stock found during a survey could not be taxed as unexplained investment when it had been accoun...
Income Tax : The Tribunal upheld the disallowance of a ₹10 lakh deduction after the recipient political party informed the tax authorities th...
Income Tax : The Tribunal upheld the denial of deduction under Section 80GGC after finding that the political donation formed part of an allege...
Income Tax : The CBDT has identified specific categories of taxpayers whose returns will be compulsorily selected for complete scrutiny during ...
Income Tax : The Ordinance exempts interest income and capital gains arising from Government securities for Foreign Institutional Investors and...
Income Tax : The Central Government has specified infrastructure sub-sectors from the Updated Harmonised Master List as eligible businesses und...
Income Tax : CBDT has granted scientific research approval under the Income-tax Act, 2025, enabling eligible donations to qualify for tax benef...
Income Tax : CBDT has granted scientific research approval under the Income-tax Act, 2025, allowing eligible donations to qualify for tax benef...
CIRCULAR No. 4/2015,A number of representations have been received by the Board stating that the purpose of introduction of Explanation 5 was to clarify the legislative intent regarding the taxation of income accruing or arising through transfer of a capital asset situate in India. Apprehensions have been expressed about the applicability of the Explanation to the transactions not resulting in any transfer, directly or indirectly of assets situated in India.
Since introduction, the FPI regime has been constantly evolving in response to the industry activities and practical intricacies faced by those who venture into this route. To foster effective functioning of this regime, there have also been amendments to the tax laws, foreign exchange laws.
e-TDS/TCS Return Preparation Utility Ver. 1.0 based on JAVA platform for Regular Statements from FY 2007-08 onwards released (24/03/2015) Key features of RPU 1.0 NSDL e-TDS/TCS Return Preparation Utility in JAVA platform. Preparation of Regular TDS/TCS Statement(s) for Form 24Q, 26Q, 27Q & 27EQ pertaining to Financial Year 2007-08 onwards (for all quarters).
I am directed to forward herewith the Central Action Plan for the First Quarter i.e. (April 2015 to June, 2015) of the FY 2015-16. You are requested to circulate the same amongst all the officers in your region for necessary action.
I am directed to say that all public sector banks have been requested by the Department of Financial Services, Ministry of Finance to ensure that tax deducted during the month of March, 2015 is remitted to the Government account in the month of March, 2015 itself.
Notification No. 31/2015 – Income Tax Dated- 24th March, 2015 Central Government hereby notifies for the purposes of the said clause, West Bengal Transport Workers’ Social Security Scheme of West Bengal State Social Security Board established by Government of West Bengal, in respect of the following specified income arising to that Board, namely:-
Notification No. 30/2015 – Income Tax Dated- 24th March, 2015 Central Government hereby notifies for the purposes of the said clause, Chhattisgarh Building and Other Construction Workers’ Welfare Board, a Board constituted by the Government of Chhattisgarh in respect of the following specified income arising to that Board, namely:-
Notification No. 29/2015 – Income Tax Dated- 24th March, 2015 In exercise of the powers conferred by clause (46) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies for the purposes of the said clause, the Maharashtra State AIDS Control Society a body constituted by the Government of Maharashtra in respect of the following specified income arising to that Society, namely:-
Notification No. 28/2015 – Income Tax Dated- 24th March, 2015 S.O. (E).- In exercise of the powers conferred by clause (46) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies for the purposes of the said clause, Bihar Electricity Regulatory Commission, – a Commission constituted by the Government of Bihar in respect of the following specified income arising to that Commission, namely:-
Notification No. 27/2015 – Income Tax Dated- 24th March, 2015 S.O. (E).- In exercise of the powers conferred by clause (46) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies for the purposes of the said clause, the Joint Electricity Regulatory Commission for the State of Goa and Union territories, a Commission constituted by the Government of India, in respect of the following specified income arising to that Commission, namely:-
