Get all latest income tax news, act, article, notification, circulars, instructions, slab on Taxguru.in. Check out excel calculators budget 2017 ITR, black money, tax saving tips, deductions, tax audit on income tax.
Income Tax : This article delves into the key amendments introduced under section 11 of the Income Tax Act, focusing on the revised timelines a...
Income Tax : Explore the re-introduction of block assessments in search cases under the Income Tax Act effective from 01 September 2024. Learn ...
Income Tax : Faceless assessments in FY 23-24 raised Rs 43 trillion in tax arrears, sparking concern over the impact on India's tax ecosystem a...
Income Tax : The Finance Act, (2), 2024 has made certain changes relating to levy of income tax on consideration received on buy-back of shares...
Income Tax : Summary: Income additions by tax authorities due to discrepancies between a taxpayer’s declared income and the details in Fo...
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 : 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 : 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 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 : Delhi High Court held that Dividend Distribution Tax (DDT) is liable to be paid by the company which declares, distributes or pays...
Income Tax : ITAT Ahmedabad held that addition towards unexplained cash credit under section 68 of the Income Tax Act unwarranted as the amount...
Income Tax : Delhi High Court held that mechanical approval granted by PCIT, vide general order of approval for all the 111 cases without satis...
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...
It is hereby notified for general information that the following scientific research programme has been approved for the period specified below for the purposes of sub-section (2A) of section 35 of the Income-tax Act, 1961, read with rule 6(iv) of the Income-tax Rules, 1962, by the Secretary, Department of Science & Technology, New Delhi.
It is hereby notified for general information that the approval given under section 35(1)(ii) of the Income-tax Act, 1961, to the Research Institute of Ancient Scientific Studies, New Delhi, by Notification No. S. O. 605 (F. No. 10(20)/65-ITA-I), with effect from 15th February, 1965, is withdrawn with effect from 25th May, 1980, on the recommendation of the prescribed authority, the Secretary, Department of Science & Technology, New Delhi.
Circular No. 277-Income Tax I am directed to invite a reference to this Department’s Circular No. 271[F.No. 275/18/10-IT(B)], dated 26-5-1980 [Clarification 2], wherein it was intimated that the deduction of income-tax at the same rates as were applicable during the financial year 1979-80 may continue to be made during the financial year 1980-81
A major research programme like research in medical education cannot be completed within a short duration of time. Therefore, it is very difficult to say what will be the exact duration of this research programme. It will be of a continuous nature. However, it is expected that the major research programme in medical education will be ready for assessment in less than ten years.
Circular No. 276-Income Tax I am directed to invite a reference to this Department’s Circular No. 270 [F. No. 275/17/80-IT(B)], dated 26-5-1980, wherein you were requested to issue necessary instructions for continuing to make deduction of income-tax at source from “winnings from lottery or crossword puzzle” at the same rates as were given in Part II of the First Schedule to the Finance Act, 1979.
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 Hajrat Pirmohmed Shah Durgah Sharif Trust, Ahmedabad, for the purpose of the said section for the assessment years 1973-74 to 1980-81.
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 St. Francis Xavier Mission, Dudhni, for the purpose of the said section for the assessment years 1978-79, 1979-80 and 1980-81.
Notification: S.O.2932Section(s) Referred: 10 ,10(23C) ,10(23C)(iv) Central Government hereby notifies Greater Visakha Leprosy Treatment and Health Education Scheme for the purpose of the said section for the assessment years 1975-76 to 1980-81.
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 Sri Sathya Sai Central Trust, Bombay, for the purpose of the said section for the assessment years 1977-78 to 1980-81.
Circular No. 275-Income Tax I am directed to invite a reference to this Department’s Circular No. 267 [F.No. 275/13/80-IT(B)], dated 24-4-1980 [Clarification 2], wherein you were requested to issue instructions for deduction of income-tax at source from “interest on Government securities” at the same rates as were given in Part III of the First Schedule to the Finance Act, 1979.