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Income Tax : The 2025 amendment in Section 143(1) of the Income Tax Act introduces new compliance requirements. Taxpayers must ensure consisten...
Income Tax : To give relief to small taxpayers from tedious job of maintaining of books of account and getting accounts audited, Income-tax Act...
Income Tax : Understand income tax rebate u/s 87A and LTCG tax u/s 112A under the new tax regime for FY 2024-25 with calculation rules, limits,...
Income Tax : Tax loss harvesting is a tax planning strategy that allows taxpayers, especially investors, to lower their capital gains tax liabi...
Income Tax : ITAT Chennai rules unaccounted customer deposits, with traceable identities and commercial substance, are liabilities, not income ...
Income Tax : ITAT enables e-filing and virtual hearings; over 26,000 e-filings and 1.22 lakh video hearings conducted till Feb 2025, per Minist...
Income Tax : The Finance Bill 2025 proposes tax exemption on income up to ₹12 lakh, revised tax slabs, and a ₹75,000 standard deduction for...
Income Tax : A summary of corporate tax concessions in India, including key deductions, exemptions, and revenue impact from 2021-24 under the I...
Income Tax : Get insights on key amendments in the Income-tax Act, 1961, including changes to Sections 9A, 44BBD, 10(10D), and 158BB under the ...
Income Tax : JAOs face workload imbalances, limited manpower, and systemic issues post-Faceless Assessment Scheme. Suggestions for better resou...
Income Tax : ITAT Pune rules one-time membership and share fees as capital receipts for Veershaiv Cooperative Bank, reversing lower authority�...
Income Tax : ITAT Pune grants partial relief in cash deposit case during demonetization under Section 69A. Dispute centered on unexplained depo...
Income Tax : ITAT Pune quashes PCIT's Section 263 order against Shree Balaji Associates, stating AO made inquiries; no lack of inquiry found....
Income Tax : ITAT Mumbai held that as per circular no. 6 of 2016 dated 29th February 2016, it is clear that it is the assessee who decides whet...
Income Tax : Delhi High Court held that section 153C of the Income Tax Act doesn’t required AO to find or uncover a relationship or an associ...
Income Tax : ITAT Chandigarh held that ITO Ward-3(1), Chandigarh had no jurisdiction to issue notice to an NRI and hence consequently the asses...
Income Tax : CBDT introduces ITR-B for search and seizure cases under section 158BC of the Income Tax Act, effective from 1st September 2024....
Income Tax : CBDT sets 30 April 2025 as the last date to file declarations under the Direct Tax Vivad se Vishwas Scheme, 2024....
Income Tax : HUDCO bonds issued after April 1, 2025, notified as long-term assets under Section 54EC for capital gains exemption, usable for in...
Income Tax : CBDT grants tax exemption to Prayagraj Mela Pradhikaran under section 10(46A) of the Income-tax Act, effective from assessment yea...
Notification No.S. O. 331(E) – Income Tax In exercise of the powers conferred by clause (ii) of sub-section (1) of section 80L of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies
Notification No.S. O. 1375 – Income Tax In exercise of the powers conferred in clause (23G) of section 10 of the Income-tax Act, 1961, the Central Government hereby makes the following corrections to the list of enterprise at para 3(iii) of the Notification No. 10836, dated 24-3-1999 read with corrigendum issued vide Notification No. 10881, dated 29-4-1999
Notification No.10902 – Income Tax In exercise of the power conferred in clause (23G) of section 10 of the Income-tax Act, 1961, the Central Government hereby makes the following corrections to the list of enterprise at para 3(iii) of the Notification No. 10836, dated 24th March, 1999 [published at (1999) 152 CTR (St) 225] read with Corrigendum issued vide Notification No. 10881, dated 29th April, 1999
Notification No.S. O. 1374 – Income Tax It is notified for general information that enterprise, listed at para (3) below have been approved by the Central Government for the purpose of section 10(23G) of the Income-tax Act, 1961, read with rule 2E of the Income-tax Rules, 1962, for the assessment years 1999-2000, 2000-2001 and 2001-2002
Notification No.S. O. 1373 – Income Tax It is notified for general information that Synergy Mortgage Loan Co. Ltd., 3011 and 3014 High Point III, 25 Palace Road, Bangalore, has been approved by the Central Government for the purpose of section 36(1)(viii) of the Income-tax Act, 1961, for the assessment years 1998-99 and 1999-2000
Notification No.S. O. 1372 – Income Tax It is notified for general information that P. N. B. Housing Finance limited, 9th Floor, Antriksh Bhavan, 22, Kasturba Gandhi Marg, New Delhi-110001, has been approved by the Central Government for the purpose of section 36(1)(viii) of the Income-tax Act, 1961, for the assessment year 1999-2000
Notification No.10897 – Income Tax It is notified for general information that enterprises, listed at para (3) below have been approved by the Central Government for the purpose of section 10(23G) of the Income-tax Act, 1961, read with rule 2E of the Income-tax Rules, 1962, for the assessment years 1999-2000, 2000-2001 and 2001-2002
Notification No.10896 – Income Tax It is notified for general information that M/s Synergy Mortgage Loan Company Limited 3011 and 3014 High Point III, 25 Palace Road, Bangalore has been approved by the Central Government for the purposes of section 36(1)(viii) of the Income-tax Act, 1961, for the assessment years 1999-99 and 1999-2000
Notification No.10895 – Income Tax It is notified for general information that M/s PNB Housing Finance Limited, 9th floor, Antriksh Bhavan, 22, Kasturba Gandhi Marg, New Delhi—110 001 has been approved by the Central Government for the purposes of section 36(1)(viii) of the Income-tax Act, 1961, for the assessment year 1999-2000
Notification No.S. O. 298(E) – Income Tax In exercise of the powers conferred by item (h) of sub-clause (iv) of clause (15) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies 7-years 8.85% tax-free (2004-VIII Series) Non-convertible Secured Redeemable Bonds of Rs. 1,00,000 each for an amount of Rs. 175 crores (rupees one hundred seventy-five crores only) bearing distinctive numbers from 80000001 to 80017500 issued by the Power Finance Corporation Limited for the purpose of the said item
