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Latest Articles


Taxation of Physical Gold, Paper Gold & Gold Derivatives in India

Income Tax : Explore the intricacies of gold taxation in India, covering physical gold, paper gold, gold derivatives, inheritance tax, and comp...

May 6, 2024 48 Views 0 comment Print

Which Tata Steals the Show? Punch vs Tiago Face-off Revealed!

Income Tax : Discover the ultimate showdown between Tata Punch and Tiago! From pricing to safety features, find out which model steals the show...

May 6, 2024 135 Views 0 comment Print

Choose Insurance Wisely for Long Term Security!!!

Income Tax : Learn how to choose the right insurance policy wisely for long-term security. Get insights on factors to consider and make informe...

May 6, 2024 225 Views 0 comment Print

Due Date Compliance Calendar May 2024

Income Tax : Stay updated with the compliance due dates for GST, Income Tax, ESI, and PF Acts. This comprehensive calendar includes important d...

May 6, 2024 1829079 Views 71 comments Print

New Tax Regime vs Old Tax Regime u/s 115BAC for AY 2024-25

Income Tax : Understand implications of new tax regime under Section 115BAC for AY 2024-25 versus old one. Learn about reduced tax slabs, exemp...

May 5, 2024 3489 Views 1 comment Print


Latest News


CBI Arrests Mumbai Income Tax Officer for Bribery, Rs. 4 Lakh Seized

Income Tax : CBI) made a significant arrest today in Mumbai, apprehending an Income Tax Officer caught red-handed accepting a bribe of Rs. 4.00...

May 4, 2024 1650 Views 0 comment Print

Live Course on Section 43B(h) by CA Manoj Lamba

Income Tax : Live Webinar with Book on Section 43B(h) (Financial Fitness) on 10th May 2024, 6:00 pm to 8:00 pm. CA Manoj Lamba will break down ...

May 2, 2024 6000 Views 1 comment Print

Draft Guidance Note on Income-tax Audit Reports under Section 12A/10(23C)

Income Tax : Engage in shaping tax audit guidelines! Direct Taxes Committee invites public comments on the Exposure Draft for Guidance Note on ...

April 29, 2024 1137 Views 0 comment Print

CBDT Circular No. 6/2024: Relief Measure for Inoperative PAN

Income Tax : CBDT Circular No. 6/2024 offers relief for Inoperative PANs. No tax liability for deductors/collectors if PAN becomes operative by...

April 29, 2024 5373 Views 2 comments Print

Relief to Taxpayers from Tax Demand raised due to Inoperative PAN, Date Extended till 31.05.2024

Income Tax : CBDT Circular No. 6/2024 extends relief to taxpayers from tax demands arising from inoperative PANs. Learn about the conditions an...

April 25, 2024 5481 Views 2 comments Print


Latest Judiciary


ITAT Mumbai taxed LTCG from Penny Stock ‘Essar (India) Ltd’

Income Tax : Shanno Mohammed Yusuf Warsi Vs ITO (ITAT Mumbai) The case of Shanno Mohammed Yusuf Warsi Vs Income Tax Officer (ITO) at the Income...

May 6, 2024 63 Views 0 comment Print

Section 54 does not mandate utilization of sale consideration from original asset

Income Tax : Section 54F nowhere envisages that sale consideration obtained by assessee from original capital asset is mandatorily required to ...

May 6, 2024 96 Views 0 comment Print

Section 40A(2)(b) cannot be invoked if no excessive or unreasonable payment

Income Tax : Explore the intricacies of Section 40A(2)(b) with insights from the M S Hostel Vs DCIT case. Learn why salary disallowance require...

May 6, 2024 72 Views 0 comment Print

CIT(A) Cannot Dismiss Appeal for Non-Prosecution & Obliged to Dispose of Appeal on Merits

Income Tax : Read about Pahari Mata Sahkari Awas Samiti Ltd. Vs ACIT (ITAT Lucknow). The Commissioner (Appeals) cannot dismiss the appeal for n...

May 6, 2024 96 Views 0 comment Print

Amount received towards Interconnectivity Utility charges from Indian Customers was not taxable as Royalty

Income Tax : Assessee was incorporated in Japan and was in the business of providing telecommunication services. Assessee provided fixed, mobil...

May 6, 2024 177 Views 0 comment Print


Latest Notifications


CBDT Extends Due Dates: Form No. 10A/10AB Filing upto 30th June, 2024

Income Tax : Get insights on Circular No. 7/2024 issued by CBDT, extending due dates for filing Form No. 10A/10AB under the Income-tax Act, 196...

April 25, 2024 21867 Views 0 comment Print

Section 10(46) Notification: Kerala Autorickshaw Workers Welfare Fund Scheme

Income Tax : Explore Notification No. 41/2024-Income Tax regarding Kerala Autorickshaw Welfare Fund Scheme, Kollam. Analysis, impact, and impli...

April 24, 2024 231 Views 0 comment Print

CBDT Circular No. 6/2024: Relief for TDS Deductors on PAN-Aadhar Linkage

Income Tax : Learn about CBDT Circular No. 6/2024 offering relief to TDS deductors for transactions up to March 31, 2024, when PAN becomes oper...

April 23, 2024 45258 Views 2 comments Print

Notification under Section 80G(2)(b) for Shree Ramanuj Kot Trust Indore

Income Tax : Explore the notification under section 80G(2)(b) of the Income Tax Act 1961 for Shree Ramanuj Kot Trust in Indore. Details of vali...

April 23, 2024 330 Views 0 comment Print

Notification No. 39/2024-Income Tax, Dated: 22.04.2024

Income Tax : Discover the significant amendments in Income Tax regulations by the Ministry of Finance, Department of Revenue, Central Board of ...

April 22, 2024 36936 Views 0 comment Print


Notification No. S.O. 2875, Date of Issue: 06.09.1965

September 6, 1965 772 Views 0 comment Print

It is hereby notified for general information that the institutions mentioned below have been approved by the Council of Scientific and Industrial Research, the “prescribed authority”, for the purposes of clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961 (43 of 1961).

Claim for depreciation- Where required particulars not been furnished

August 31, 1965 2996 Views 0 comment Print

Numerous instances have come to the notice of the Board where assessee’s claim for depreciation duly shown in the return was not considered by the Income-tax Officer because books of account produced were not properly maintained and it was necessary to estimate profits by invoking the proviso to section 13 of the 1922 Act.

Notification: S.O.2800 Date of Issue: 30/8/1965

August 30, 1965 372 Views 0 comment Print

In exercise of the powers conferred by sub-section (6) of section 88 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies Sri Lakhmi Narasimha Swamy Devasthanam, Ahobilam Village, Allagadda Taluk, District Kurnool, Andhra Pradesh, to be of historic, archaeological and artistic importance for the purpose of the said section

Notification: S.O.2599 Date of Issue: 10/8/1965

August 10, 1965 298 Views 0 comment Print

Notification: S.O.2599 Cancer Institute (W. I. A.), Madras has been approved by the Indian Council of Medical Research, the prescribed authority, for the purposes of clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961 (43 of 1961).

Notification: S.O.2598 Section(s) Referred: 88 ,88(6) Statute: INCOME TAX Date of Issue: 9/8/1965

August 9, 1965 1056 Views 0 comment Print

In exercise of the powers conferred by sub-section (6) of section 88 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies the following temple as a place of public

Notification: S.O.2597 Date of Issue: 7/8/1965

August 7, 1965 310 Views 0 comment Print

In exercise of the powers conferred by sub-section (6) of section 88 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies Sri Kasiviswanat

Notification: S.O.2353 Date of Issue: 19/7/1965

July 19, 1965 304 Views 0 comment Print

Notification: S.O.2353 Central Government hereby notifies the following temple as a place of public worship of renown throughout the State of Mysore for the purposes of the said section – Shri Dattatreya Temple, Ghangapur, District Gulbarga, Mysore

Notification: S.O.2215 Date of Issue: 7/7/1965

July 7, 1965 358 Views 0 comment Print

In the notification of the Central Board of Direct Taxes No. S. O. 3660 dated the 13th October, 1964, published at pages 979 to 988 in Part II—Section 3—sub-section (ii) of the Gazette of India, Extraordinary, dated the 13th October, 1964.

Notification: S.O.2214 Date of Issue: 7/7/1965

July 7, 1965 280 Views 0 comment Print

In exercise of the powers conferred by clause (d) of sub-section (5) of section 2 of the Finance Act, 1965 (10 of 1965), the Central Board of Direct Taxes hereby makes the following rules, namely :—-

Notification: S.O.2153 Date of Issue: 2/7/1965

July 2, 1965 553 Views 0 comment Print

Notification: S.O.2153 This notification contains Amendment to Income-tax Rules carried out on 2-7-1965 not reproduced here as it is already contained in the body of the Income-tax Rules itself.

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