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Income Tax : Income tax updates effective 1st April 2025 include higher TDS thresholds, extended startup benefits, increased rebates, and simpl...
Income Tax : Many taxpayers who have claimed an HRA deduction exceeding ₹5 lakh in their income tax returns have received an email from the I...
Income Tax : Confused about TDS on rent? Understand Section 194-IB, its implications, penalties, and solutions to rectify non-compliance. Find ...
Income Tax : Understand amendments in Section 200(3) of the Income Tax Act, effective via Finance Act 2024, impacting TDS correction deadlines ...
Income Tax : Learn about the Lower Deduction Certificate under Sections 197 & 206C(9) of the Income Tax Act. Understand eligibility, applicatio...
Income Tax : Learn about new rules restricting TDS/TCS correction statements under Income-tax Act Section 200(3) from April 2025. Key dates and...
Income Tax : CBDT invites stakeholder suggestions on simplifying Income Tax Rules and Forms under the Income Tax Bill, 2025. Submit feedback vi...
Income Tax : India's direct tax collections for FY 2024-25 show a 13.13% net growth, with gross collections up by 16.15% and significant gains ...
Income Tax : CBDT issues clarification on Circular 01/2025, stating it applies only to the Principal Purpose Test in certain DTAAs and does not...
Income Tax : Corporate tax collections increased post-rate cuts. No specific tax incentives for MNCs, but new measures aim to support electroni...
Income Tax : Allahabad HC quashes GST demand against Solvi Enterprises, ruling that the selling dealer was registered at the time of transactio...
Income Tax : PCIT Vs Greenply Industries Ltd (Gauhati High Court) The Gauhati High Court’s recent judgment in “The Principal Commis...
Income Tax : ITAT Mumbai held that Sai Baba Sansthan Trust being both charitable and religious trust falls within exceptions provided under sec...
Income Tax : ITAT Mumbai held that developer is entitled for deduction under section 80-IA of the Income Tax Act for carrying out development w...
Income Tax : ITAT Raipur held that assessment framed by AO u/s. 143(3) r.w.s. 147 of the Income Tax Act without issuance of notice under sectio...
Income Tax : Guidelines for Assessing Officers on handling high-risk e-Verification cases under the e-Verification Scheme 2021, including steps...
Income Tax : CBDT allows data sharing with Delhi's IT Dept. for social welfare scheme identification under Income Tax Act Section 138. Read the...
Income Tax : CBDT issues FAQs on revised guidelines for compounding offences under Income Tax Act, 1961. Covers filing procedures, fees, compet...
Income Tax : Finance Ministry specifies Power Finance Corporation Ltd.'s ten-year zero coupon bond with Rs. 49,546 discount, for Income-tax Act...
Income Tax : Learn about high-risk transaction case verification, assessment, and proceedings under Sections 148/148A on the Insight and ITBA p...
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.
Notification No. S.O.1112-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 Technology Development and Information Company of India Limited, Leo Complex, 5th Floor, 44 and 45, Residency (Cross Road), Bangalore-560 025, as a company for the purpose of the said clause for the assessment years 1994-95 to 1996-97.
Notification No. S.O.1111-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 Fairgrowth Home Finance Ltd., 22/11, Vittal Mallya Road, Bangalore-560 001, as a company for the purpose of the said clause for the assessment years 1991-92 to 1994-95.
Notification No. S.O.1172-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 M/s. SCICI Ltd., 141, Maker Tower ‘F’, Cuffe Parade, Bombay-400 005, as a company for the purpose of the said clause for assessment years 1994-95 to 1996-97.
Circular No. 682-Income tax A Convention for the avoidance of double taxation and prevention of fiscal evasion with respect to taxes of income and capital gains was entered into between the Government of India and the Government of Mauritius and was notified on 6-12-1983. In respect of India, the Convention applies from the assessment year 1983-84 and onwards
Notification No. S.O.942-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 Messrs. Can Fin Homes Limited, Shanti Kutir, No. 32, 11th Floor, Race Course Road, Bangalore–560 001, as a company for the purpose of the said clause for the assessment years 1994-95 to 1996-97.
