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Income Tax : Learn about the Annual Information Statement (AIS) and Taxpayer Information Summary (TIS). Find out how to access them and what in...
Income Tax : Understand agricultural income rules under Section 2(1A) and Rule 7. Learn about income eligibility, deductions, and tax treatment...
Income Tax : Learn about the Faceless Income-Tax Proceedings, including e-Proceedings features, differences from manual assessments, and how to...
Income Tax : Learn about the compounding of offences under direct tax laws, including eligible offences, competent authorities, and the process...
Income Tax : Learn about deductions under Section 80TTA and 80TTB, including eligibility, limits, and who can claim these tax benefits....
Income Tax : Join our 5-day live course from Sept 8-12, 2024, for an in-depth understanding of tax audits under Section 44AB, with practical in...
Income Tax : Learn to handle faceless income tax assessments using AI tools like ChatGPT in a 2-hour live course on Sept 1, 2024. Enhance effic...
Income Tax : The Central Action Plan 2024-2025 by CBDT aims to optimize India's direct tax system, focusing on revenue, litigation, taxpayer se...
Income Tax : Join our live course from Aug 23-25, 2024, to master tax audits, including Form 3CD, financial statements, and GST, with practical...
Income Tax : As of August 11, 2024, net direct tax collections for FY 2024-25 stand at Rs. 6.93 lakh crores, marking a 22.48% growth compared t...
Income Tax : This petition under Article 226 of the Constitution of India assails the Assessment Order dated 27 March, 2024 passed by Responden...
Income Tax : ITAT Rajkot held that each partner is owner of the assets to the extent of his share in the partnership, hence, exemption u/s 54G ...
Income Tax : The assessee is a co–operative credit society, registered under Maharashtra co–operative society Act, 1960 and is engaged in p...
Income Tax : Delhi High Court held that department need to comply with the order of the Tribunal in passing a fresh assessment order within the...
Income Tax : ITAT Chennai held that invoking the revisionary powers under section 263 of the Income Tax Act without giving any reasoning for se...
Income Tax : Finance Act 2023 updates the process for filing applications under Section 10(46A) of the Income-tax Act. Standardized procedures ...
Income Tax : On August 16, 2024, President Droupadi Murmu officially granted her assent to the Finance (No 2) Bill, 2024. With this move, the b...
Income Tax : Explore the Finance Bill 2024, detailing income tax rates, surcharges, and provisions for various taxpayers, including individuals...
Income Tax : Insight Instruction No. 79 details procedures for managing high-risk PAN cases in the Insight portal, guiding tax officers through...
Income Tax : UIDAI's specified income receives tax exemption for AY 2024-2025 to 2028-2029 under Income-tax Act, 1961, as per the latest CBDT n...
Circular No. 314 -Income Tax . Section 32A was introduced by the Finance Act, 1976 to allow investment allowance, inter alia, in respect of new machinery or plant installed after the31st March, 1976 in a “small-scale industrial undertaking” for the purpose of business of manufacture or production of any article or thing
Notification No- S.O.700(E) – Income Tax In pursuance of clause (b) of the Explanation to section 72A of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby makes the following further amendment in the notification of the government of India in the Ministry of Finance (Department of Revenue) No. S.O. 710(E), dated the 11th October, 1977, namely
Notification No- S.O.699(E) – Income Tax In the notification of the Central Board of Direct Taxes No. 46(E), dated the 22nd January, 1981, published at pages 136 to 150/16 of the Gazette of India, Extraordinary, Part II, section 3, sub-section (ii), dated the 22nd January, 1981
Notification No- S.O.2944 – Income Tax It is hereby notified for general information that the institution mentioned below has been approved by the Indian Council of Social Science Research, the prescribed authority for the purposes of clause (iii) of sub-section (1) of section 35 of the Income-tax Act
Notification No. S.O.2943 – Income Tax It is hereby notified for general information that the institution mentioned below has been approved by the Indian Council of Social Science Research, the prescribed authority for the purposes of clause (iii) of sub-section (1) of section 35 of the Income-tax Act, 1961, on the following conditions
Notification No. 2951 – Income Tax In exercise of the powers conferred by clause (iv) of sub-section (23C) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies Shree Krishna Bhaktha Jana Sabha, Nanganallur, for the porpose of the said section for the period covered by the assessment years 1979-80 to 1981-82
Notification No. S.O.2950 – Income Tax In exercise of the powers conferred by clause (iv) of sub-section (23C) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies Shree Nasik Punchavati Panjrapoe, Nasik, for the purpose of the said section for the period covered by the assessment years 1982-83 to 1984-85
Notification No. S.O.2847 – Income Tax In exercise of the powers conferred by clause (v) of sub-section (23C) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies Gita Pratisthan, Bombay, for the purpose of the said section for the period covered by the assessment years 1978-79 to 1981-82
Circular No. 313-Income Tax Introduction 1. The Hotel-receipts Tax Bill, 1980, as passed by Parliament, received the assent of the President on 9th December, 1980 and has been enacted as the Hotel-receipts Tax Act, 1980 (54 of 1980). The Act imposes a special tax on the gross receipts of certain categories of hotels. Section 34 empowers the Board to make, subject to the control of the Central Government, rules
Notification No. S.O.2945 – Income Tax In continuation of this office Notification No. 2631/F. No. 203/90/78-ITA. (II) dated 2nd January, 1979, it is hereby notified for general information that the institution mentioned below has been approved by the Secretary, Department of Science and Technology, New Delhi, the prescribed authority for the purposes of clause (ii) of sub-section (1) of section 35 of the Income-tax Act