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Income Tax : Explore taxation aspects of startups, Alternative Investment Funds (AIFs), and International Financial Service Centres (IFSCs) in ...
Income Tax : All about interest under sections 234A, 234B, 234C, and 234D of the Income Tax Act, including when it is charged, rates, and calcu...
Income Tax : Understand the Income Tax Informants Reward Scheme 2018. Learn about eligibility, rewards, and the scope of the scheme designed to...
Income Tax : AQs on charitable trusts, covering registration under Section 12AB, income tax rules, donation management, audit requirements, and...
Income Tax : FAQs on intimation under Section 143(1) of Income Tax Act, 1961. Learn about adjustments, time limits, and how to respond to CPC a...
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 : ITAT Bangalore allows Vyoma Technologies to claim GST late fees and interest as business deductions, ruling them compensatory, not...
Income Tax : ITAT Bangalore ruled CIT(A)’s rejection of Smt. Prameela Parameshwar's appeal for non-payment of advance tax invalid, as the add...
Income Tax : ITAT Hyderabad condoned a 21-month delay in filing an income tax appeal due to the COVID-19 pandemic, referencing a Supreme Court ...
Income Tax : ITAT Ahmedabad rules in favor of Rahul G. Patel, granting exemption under Section 54EC for investments made in NHAI bonds before t...
Income Tax : ITAT Hyderabad held that voluntary surrender of income in good faith cannot be considered as concealment of income. Hence, penalty...
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. 301-Income tax I am directed to invite a reference to this Department’s Circular No. 280 [F. No. 275/19/80-IT(B)], dated 20-9-1980, on the above subject, wherein the rates at which deduction of tax under section 194BB to be made during the year 1980-81 from winnings from horse races were communicated
Circular No. 300-Income Tax I am directed to invite a reference to the Board’s Circular No. 300 [F. No. 275/5/81-IT(B)], dated 27-4-1981 wherein the rates at which the deduction of income-tax was to be made during the financial year 1981-82 from payments of income by way of insurance commission under section 194D were intimated
Circular No. 299-Income Tax I am directed to invite a reference to this Department’s Circular No. 275, dated 16-7-1980 and to enclose a copy of the draft circular letter setting out the rates at which income-tax and surcharge should be deducted from interest on Government securities after March 31, 1981, as prescribed in the Finance Bill, 1981
Notification No. S.O.3279 – Income Tax In exercise of the powers conferred by sub-section (2)(b) of section 80G of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies Arulmigu Thayumanaswami Temple, Tiruchirapalli, to be a place of public worship of renown throughout the State of Tamil Nadu
Notification No. S.O.1377 – Income Tax In pursuance of sub-clause (f) of clause (iii) of sub-section (3) of section 194A of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies the Management Development Institute, New Delhi, for the purposes of the said sub-clause.
Notification No. S.O.1925 – Income Tax In exercise of the powers conferred by sub-section (2)(b) of section 80G of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies “Mandir Shree Ganeshji, Moti Dungri, Jaipur” to be a place of public worship of renown throughout the State of Rajasthan.
Notification No. S.O.1796 – 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 Dohnavur Fellowship, Dohnavur, Tirunelveli District, Tamil Nadu for the purpose of the said section for the assessment year 1981-82.
Circular No. 298-Income Tax I am directed to invite a reference to this Ministry’s Circular No. 278 [F. No. 275/12/80-IT(B)], dated 26-8-1980 wherein the rates at which income-tax deduction during the financial year 1980-81, from the payments of income chargeable under the head “Salaries” under section 192, were intimated
Circular No. 297-Income Tax Reference is invited to Board’s Circular No. 296, dated 31-3-1981 by which the Commissioners were asked to direct the ITOs to send two copies of return forms, etc., to the assessees existing on the register of the Department by ordinary post. This direction is modified to the extent that return forms etc., should be sent only to those assessees whose income according to the latest return/assessment on
Notification No. S.O.1795 – 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 Sanjay Gandhi Memorial Trust for the purpose of the said section for period covered by the assessment years 1982-83 to 1983-84.