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Income Tax : BILL No. 14 OF 2025 THE FINANCE BILL, 2025 (AS INTRODUCED IN LOK SABHA) THE FINANCE BILL, 2025 ARRANGEMENT OF CLAUSES ______ AS IN...
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Notification No. S.O.2229-Income Tax In exercise of the powers conferred by sub-clause (iv) of clause (23C) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies “Hamdard Dawakhana (Wakf)” for the purpose of the said section for the period covered by the assessment years 1984-85 to 1987-88.
Notification No. S.O.951-Income Tax In continuation of this Office Notification No. 3994 (F. No. 203/18/80-ITA. II) dated 1-6-1981, it is hereby notified for general information that the institution mentioned below has been approved by the Department of Science and Technology, New Delhi, 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
Notification No. S.O.1452-Income Tax It is hereby notified for general information that in the Ministry of Finance (Department of Revenue), Notification No. 5958 (F. No. 203/147/83-ITA-II), dated 28-8-84 ; This notification contains corrigendum to Income-tax Act carried out on 10th February, 1986 not reproduced here as it is already contained in the body of the act itself
Notification No. S.O.961-Income Tax In exercise of the powers conferred by sub-clause (b) of clause (2) of section 80G of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies ” Sri Sokkanathaswamy Temple, Dharapuram, Tamil Nadu (Madras) ” to be a place of public worship of renown throughout the State of Tamil Nadu.
Hon’ble Kerala High Court in the case of CIT v. M. George & Bros. [1986] 160 ITR 511 held that where the assessee for one reason or the other agrees or surrenders certain amounts for assessment, the imposition of penalty solely on the basis of the surrender will not be well-founded.
Notification No. S.O.556-Income Tax In exercise of the powers conferred by clause (iiia) of the proviso to section 193 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby makes the following amendment in the notification of the Government of India in the Ministry of Finance (Department of Revenue) No. S.O. 5651, dated 4th December, 1985, namely
Notification No. S.O.950-Income Tax In continuation of this Office Notification No. 5185 (F. No. 203/30/83-ITA. II), dated 18-5-1983, it is hereby notified for general information that the institution mentioned below has been approved by the Department of Science and Technology, New Delhi, the prescribed authority for the purposes of clause (ii) of sub-section (1) of section 35 (Thirty-five/one/two) of the Income-tax Act,
Notification No. S.O.949-Income Tax It is hereby notified for general information that the institution mentioned below has been approved by the Department of Science and Technology, New Delhi, the prescribed authority for the purposes of clause (iii) of sub-section (1) of section 35 (Thirty-five/one/three) of the Income-tax Act, 1961, read with rule 6 of the Income-tax Rules, 1962, under the category “Institution” subject to the following conditions
Notification No. S.O.948-Income Tax It is hereby notified for general information that the institution mentioned below has been approved by the Department of Science and Technology, New Delhi, the prescribed authority for the purposes of clause (ii) of sub-section (1) of section 35 (Thirty-five/one/two) of the Income-tax Act, 1961, read with rule 6 of the Income-tax Rules, 1962, under the category ” Association ”
Circular: No. 447-Income Tax The Central Board of Direct Taxes had occasion to consider the question whether the award received by a sportsman, who is not a professional, will be taxable in his hands or not. In the case of a sportsman, who is a professional, the award received by him will be in the nature of a benefit in exercise of his profession
