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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 Kolkata quashes assessments in absence of incriminating material; DVO’s cost estimate alone held insufficient under Abhisar...
Income Tax : ITAT Lucknow rules audit fee provisions are not allowable unless liability accrues; EPF disallowance sent back for verification....
Income Tax : ITAT Nagpur sets aside CIT(E)'s rejection of 12A registration, holding assessee not liable for file access issues on ITBA portal....
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 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. 1124 – Income Tax It is notified for general information that persons listed at para 3 below have been approved by the Central Government for the purposes of section 36(1)(viii) of the Income-tax Act, 1961, for the assessment years mentioned against them.
Notification No.10875 – Income Tax In the notification of the Government of India, in the Ministry of Finance (Department of Revenue) (Central Board of Direct Taxes) number S.O. 925(E) dated 23rd October, 1999 [published at (1999) 149 CTR (St) 66] published at pages 1 to 4 in the Gazette of India, Extraordinary, Part II, section 3, sub-section (ii) dated 23rd October, 1999 at page 3, in sub-rule (1) or rule 1, in line 10, for
Notification No.10874 – Income Tax In the notification of the Government of India, in the Ministry of Finance (Department of Revenue) (Central Board of Direct Taxes) number S.O. 923(E) dated 23rd October, 1999 [published at (1999) 149 CTR (St) 611 published at pages 1 to 4 in the Gazette of India, Extraordinary, Part II, section 3, sub-section (ii) dated 23rd October, 1999 at page 3, in sub-rule (1) of rule 1, in line 20, for
Notification No.10873 – Income Tax In the notification of the Government of India, in the Ministry of Finance (Department of Revenue) (Central Board of Direct Taxes) number S.O. 924(E) dated 23rd October, 1999 [published at (1999) 149 CTR (St) 63] published at pages 1 to 5 in the Gazette of India, Extraordinary, Part II, section 3, sub-section (ii) dated 23rd October, 1999 at page 3, in sub-rule (1) of rule 1, in line 35, for “(Twenty-third Amendment)”, read “(Twenty-second Amendment)
Notification no.10872 – Income Tax In the notification of the Government of India, in the Ministry of Finance (Department of Revenue), Central Board of Direct Taxes number S.O. 1113(E) dated 24th December, 1999 [published at (1999) 151 CTR (St) 56] published at pages 1 and 2 of the Gazette of India, Extraordinary, Part II, section 3, sub-section (ii) dated 24th December, 1999 at page 2,
Notification No.10869 – Income Tax It is notified for general information that persons listed at para 3 below 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 mentioned against them.
Notification No.S. O. 243(E) – Income Tax In exercise of the powers conferred by the first proviso to sub-section (1) of section 139 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby specifies the immovable properties, referred to below as immovable properties, for the purposes of clause (i) of the said proviso
Notification No.S. O. 242(E) – Income Tax In exercise of the powers conferred by the first proviso to sub-section (1) of section 139 of the Income-tax Act, 1961 (43 of 196 1), the Central Board of Direct Taxes hereby specifies the following areas for the purposes of the said proviso, namely:— Urban agglomeration of
Notification No.S. O. 1328 – Income Tax In exercise of the powers conferred by sub-sections (1) and (2) of section 120 the Income-tax Act, 1961 (43 of 1961), and the powers conferred on me by the Central Board of Direct Taxes, New Delhi, vide Notification No. 9565/F. No. 279/129/93-ITJ (Pt. II), dated July 5, 1994, and S.O. No. 504, dated July 5, 1994, and all other powers enabling me in this behalf and in partial
Notification No.10865 – Income Tax In exercise of the powers conferred by the first proviso to sub-section (1) of section 139 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby specifies the immovable properties, referred to below as immovable properties, for the purposes of clause (i) of the said proviso
