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Income Tax : Addressing glitches in ITD portal, the Association of Tax Lawyers requests an extension for the ITR filing deadline due to signifi...
Income Tax : Calcutta High Court quashes IT order against Triton Overseas for jurisdictional issues under Section 148A(d). Learn about the Cour...
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Income Tax : Bombay High Court rules on jurisdiction of JAO to issue reassessment notices under faceless assessment, impacting Income Tax Act S...
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Income Tax : Read about Income Tax Notification No. 65/2024 dated 18th July, 2024, amending provisions under section 10 of the Income-tax Act, ...
Income Tax : Discover the latest amendment in Income Tax Notification No. 64/2024, extending the deadline to March 31, 2025. Learn about its im...
Income Tax : CBDT extends tax exemption deadline under Section 10(23FE) to March 31, 2025. Read the full details of Notification No. 63/2024 an...
Income Tax : Explore Notification No. 62/2024 issued by the Ministry of Finance, Department of Revenue, amending Income Tax Act provisions effe...
Circular No. 18-Income Tax The Board have received representations that even in cases where the disputed income-tax and wealth-tax demands, outstanding on the valuation date, are disallowed and such disallowances account for the shortfall of the returned wealth by more than 25 per cent of the assessed wealth, some Wealth-tax Officers have been levying penalty under section 18(1)(c).
Circular : No. 17-Income Tax Reference is invited to the clarifications contained in the Board’s Circular No. 3(WT), dated 27-7-1968 [printed here as Annex] regarding the liability to wealth-tax of the value of the annuities receivable on the annuity deposits made under the relevant provisions of the Income-tax Act.
Notification: S.O.2005 The following draft of certain rules further to amend the Income-tax Rules, 1962, which the Central Board of Direct Taxes proposes to make in exercise of the powers conferred by section 295 of the Income-tax Act, 1961
In exercise of the powers conferred by section 295 of the Income-tax Act, 1961 (43 of 1961) the Central Board of Direct Taxes hereby makes the following rules further to amend the Income-tax Rules, 1962, namely :—
Notification: S.O.2164 In pursuance of sub-clause (f) of clause (iii) of sub-section (3) of section 194A of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies the Agricultural Finance Corporation Limited, Stadium House, Block–2, 6th Floor, 81-83 Veer Nariman Road, Bombay–20, for the purposes of the said sub-clause
Notification: S.O.2128 In pursuance of sub-clause (f) of clause (iii) of sub-section (3) of section 194A of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies the National Textile Corporation Ltd., Room No. 283, Udyog Bhavan, New Delhi–11, for the purposes of the said sub-clause.
Notification: S.O.2127 In pursuance of sub-clause (f) of clause (iii) of sub-section (3) of section 194A of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies the Hindustan Machine Tools Ltd., P. O. HMT., Bangalore–31, for the purposes of the said sub-clause
Notification: S.O.1949 Central Government hereby notifies the undermentioned temple to be a place of public worship of renown throughout the State of Mysore and also the neighbouring States for the purpose of the said section.
Circular : No. 15-Income Tax A reference is invited to the Press Note issued by the Ministry of Finance (Central Board of Direct Taxes) on 25-5-1968, relating to the allowance of standard deduction for maintenance expenditure and wear and tear in the case of salaried taxpayers owning conveyances and using them for the purpose of their employment.
Notification: S.O.1825 In pursuance of sub-clause (f) of clause (iii) of sub-section (3) of section 194A of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies the Gujarat Electricity Board, Vidyut Bhavan, Race Course, Baroda–7, for the purposes of the said sub-clause
