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Income Tax : Recently, the Finance Minister of India, Smt. Nirmala Sitharaman, presented the Finance Budget 2024-2025 on 23rd July 2024. Vide t...
Income Tax : Section 43B(h) mandates tax deductions only on actual payments to MSMEs, effective April 2024. Explore its potential impact on ind...
Income Tax : Discover the updated Income Tax assessment procedures for searches starting from September 2024, including tax rates, penalties, a...
Income Tax : आयकर विभाग ने कैश लेन-देन पर कड़ी नजर रखने का निर्�...
Income Tax : India and Mauritius have amended the DTAA, adding a principal purpose test (PPT) rule to close tax loopholes and align with global...
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 : Understand PFA and defective return queries for ITR 1-6 for AY 24-25, including MAT applicability, TDS/TCS claims, and income disc...
Income Tax : Allahabad High Court held Deputy Commissioner of Income Tax guilty under section 12 of the Contempt of Courts Act, 1971 and impose...
Income Tax : Calcutta HC remands Somnath Commosales Pvt Ltd case to AO for fresh assessment. The final opportunity is granted; non-cooperation ...
Income Tax : Calcutta HC dismisses appeal by revenue, upholds ITAT decision quashing PCIT order under Section 263 on MAT credit and doubtful de...
Income Tax : Calcutta High Court affirms ITAT's decision to delete income tax addition under Section 69 due to lack of direct evidence against ...
Income Tax : ITAT Mumbai dismisses income tax additions for AY 2014-15, stating reliance on a generalized report without independent inquiry is...
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...
Income Tax : West Bengal Transport Workers' Social Security Scheme receives tax exemption for specified income under Income-tax Act for AY 2021...
Notification: S.O.1581 (i) That the institution will maintain a separate account of the sums received by it for scientific research in the field of medical research. (ii) That the institution will furnish annual returns of its scientific research activities to the Council for each financial year by 15th May each year at the latest in such form as may be laid down and intimated to them for this purpose.
Notification: S.O.1500 (1) That the institution will maintain a separate account of the sums received by it for scientific research in the field of medical research. (2) That the institution will furnish annual returns of its scientific research activities to the Council for each financial year by 15th May, each year at the latest, in such form as may be laid down and intimated to them for this purpose.
Notification: S.O.706 Central Government hereby notifies Special Fund for Reconstruction and Rehabilitation of Ex-servicemen, Assam, for the purpose of the said section for and from the assessment year(s) 1976-77. [No. 2185/F. No. 197/140/77-IT(AI)
Notification: S.O.705 Central Government hereby notifies National Foundation for Teachers’ Welfare for the purposes of the said section for the assessment years 1974-75 and 1975-76 also.
Notification: S.O.704 Central Government hereby notifies Gujarat Ayurved Vikas Mandal, Ahmedabad, for the purpose of the said section for and from the assessment year(s) 1967-68.
Notification: S.O.703 Central Government hereby notifies Loreto House Educational Society of Calcutta for the purpose of the said section for the assessment years 1974-75 and 1975-76 also.
Notification: S.O.1342 Central Government hereby notifies Bangur Charitable Trust, Didwana, for the purpose of the said section for and from the assessment year 1977-78.
Notification: 2132 It is hereby notified for general information that the institution mentioned below has been approved by the Central Board of Direct Taxes for the purposes of clause (a) of sub-section (2) of section 35D of the Income-tax Act, 1961, in the fields of Technological consultancy and Engineering consultancy.
Notification: S.O.1499 Institution mentioned below 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, read with rule 6(ii) of the Income
Notification: S.O.1498 It is hereby notified for general information that the institution mentioned below has been approved by the Indian Council of Medical Research, the prescribed authority for the purpose of clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961, read with rule 6(ii) of the Incom