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Income Tax : Explore key corporate tax proposals for Union Budget 2024-25: lower tax rates, new incentives, and rationalized TDS to boost growt...
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Income Tax : Explore Budget 2024 expectations on resolving tax implications for goodwill in corporate reorganization. Analyzing legal amendment...
Income Tax : Explore the ongoing issues of tax rebate under Section 87A for short-term capital gains on shares, following the new utility relea...
Income Tax : Explore controversy surrounding Section 87A of Income Tax Act and its impact on short-term capital gains. Learn why rebate was sud...
Income Tax : Explore India's impressive economic growth, government initiatives, and the challenges ahead in sustaining development through str...
Income Tax : आयकर पोर्टल की तकनीकी गड़बड़ियों के कारण करदाताओ...
Income Tax : The CBDT awards the Taxnet 2.0 project to Bharti-Airtel Ltd, enhancing the IT Department’s digital infrastructure with secure, r...
Income Tax : Faulty Income Tax Return (ITR) Filing Utility are currently enforcing incorrect income tax liability by not allowing legitimate cl...
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...
Income Tax : ITAT Mumbai removes penalty imposed on Sunil Bhagwandas Vorani (HUF) as addition was made on estimation basis, not due to concealm...
Income Tax : ITAT Delhi held that income of non-resident is not liable for deduction of tax at source u/s. 195 as amount paid is covered in exc...
Income Tax : Read the full text of ITAT Ahmedabad's order where the delay in filing an appeal by the assessee was condoned due to CA negligence...
Income Tax : Bombay High Court rules on jurisdiction of JAO to issue reassessment notices under faceless assessment, impacting Income Tax Act S...
Income Tax : Discover the key update in Income Tax Notification No. 71/2024, which extends the compliance deadline from March 31, 2024, to Marc...
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...
Notification: S.O.1101 In exercise of the powers conferred by sub-section (23) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies ‘Rifle Shooting’ as one of the games for the purposes of the said section
Notification: S.O.598 This Notification contains amendment to Income-tax (Amendment) Rules, 1967 carried out on 13th February, 1967 not reproduced here as it is already contained in the body of the Rules itself.
In pursuance of sub-section (1) of section 54A of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby approves the following investments for the purposes of that section in re
Badrinath Agarwal v. CIT (Allahabad High Court) 65 ITR 242 (All. ) In estimating the income the conditions of trade obtaining and the average margin of profit in the particular line of business are to be borne in mind. It is clear that these factors in the present case have been kept in view and, therefore, it is not possible to say that the estimate of income was arbitrary or capricious to justify holding that some error of law had been committed by the Tribunal in confirming the flat rate of 5% applied by the departmental authorities
In pursuance of clause (42A) of section 2 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies the 31st day of May, 1966, as the later date for the purposes of the period referred to in the said clause
In exercise of the powers confered by sub-section (6) of section 88 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies Shri Madurakali Amman Temple (Siruvachur), Perambular Taluk, Tiruchirapalli Distt., Madras, to be of historic, archaeological and artistic importance for the purpose of the said section
Reference is invited to the Central Board of Direct Taxes letter F. No. 12/19/64-IT(B), dated 22-2-1966 , where in it was intimated that the house rent allowance given at flat rates may be treated as exempt from income-tax without verification of the fact whether the employee concerned had paid any house rent and the allowance exempted is less than the difference between the actual expenditure on the house rent and 10 per cent of the salary of the employee.
Notification: S.O.3646 The Society for the Care, Treatment and Training of Children in Need of Special Care, Sewri Hills, Bombay has been approved by the Indian Council of Medical Research, the prescribed authority, for the pruposes of clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961 (43 of 1961).
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 Kaleshwaraswamy Temple, Kaleshwaram (v), Manthani Taluk, Karimnagar District, Andhra Pradesh, to be of historic, archaeological and artistic importance for the purpose of the said section
Expenditure incurred to resist in a civil proceeding the enforcement of a measure-legislative or executive, which imposes restrictions on the carrying on of a business or to obtain a declaration that the measure is invalid would.
