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Income Tax : Budget 2025 updates tax slabs under section 115BAC, offering zero tax up to ₹12 lakh income with rebate and marginal relief. Old...
Income Tax : The CBDT has introduced a new mechanism through Circulars 5/2025 and 8/2025 to waive interest on delayed TDS/TCS payments caused b...
Income Tax : Learn about the taxation of Systematic Withdrawal Plans (SWP), Income Distribution cum Capital Withdrawal (IDCW), and Growth Funds...
Income Tax : Avoid rejection of 12AB / 80G applications. Understand relevant sub-clauses, registration types, and recent amendments for Income ...
Income Tax : Learn about active income tax refund scams, how to identify fake emails, and essential steps to protect your financial information...
Income Tax : Suggestions to simplify 12AB and 80G renewal for charitable trusts, proposing conditional approvals, straight-through processing f...
Income Tax : Income-Tax Bill 2025: The Select Committee debated expanding the "accountant" definition. The Ministry of Finance upholds the Char...
Income Tax : India's New Income-Tax Bill 2025: Introduced to simplify the nation's direct tax laws, this bill aims to reduce complexity, enhanc...
Income Tax : India's Finance Ministry details VDA/cryptocurrency tax revenue, compliance tools, and official training, addressing tax evasion c...
Income Tax : Three Income Tax Department officials, including an Assistant Director, were arrested by the CBI in Patna for accepting a Rs. 2 la...
Income Tax : Supreme Court held that Hyatt International has a fixed place Permanent Establishment in India within the meaning of Article 5(1) ...
Income Tax : ITAT Chandigarh held that surplus funds of a charitable institution are being held in a fiduciary capacity hence can never be used...
Income Tax : ITAT Delhi held that imposition of penalty u/s. 270A(9)(a) of the Income Tax Act without mentioning the specific instance of misre...
Income Tax : ITAT Ahmedabad holds NFAC wrongfully dismissed appeal on delay; remands case involving ₹213 Cr additions on grants and accrued i...
Income Tax : ITAT Delhi held that taxability of service receipt amounts in terms of India- Thailand DTAA needs fresh consideration since releva...
Income Tax : CBDT approves IQRAA International Hospital And Research Centre for scientific research exemption from AY 2026-27 to AY 2030-31 vid...
Income Tax : CBDT approves Gitarthganga, Ahmedabad for tax deduction under Section 35 for Social Science research, applicable from AY 2026–27...
Income Tax : The Central Government grants income tax exemption to Puducherry Building and Other Construction Workers Welfare Board for specifi...
Income Tax : Andhra Pradesh Building and Other Construction Workers Welfare Board is exempt from income tax on specific income, including cess ...
Income Tax : The Indian government has granted income tax exemption to the Moradabad Development Authority from Assessment Year 2024-25, under ...
Notification No. 24-Income Tax In exercise of powers conferred by the sub-clause (v) of clause (23C) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies the “Gurudwara Bara Sikh Sangat, M.G. Road, Kolkata” for the purpose of the said sub-clause for the assessment years 2003-2004 to 2005-2006 subject to the following conditions
Notification No. 23-Income Tax In exercise of powers conferred by the sub-clause (iv) of clause (23C) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies the “Karnataka Chief Minister’s Medical Relief Society Bangalore” for the purpose of the said sub-clause for the assessment years 2002-2003 to 2004-05 subject
Notification No. 22-Income Tax In exercise of powers conferred by the sub-clause (iv) of clause (23C) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies the rational Children’s Fund, 5, Siri Institutional Area, Hauz Khas, New Delhi for the purpose of the said sub-clause for the assessment years 1993-1994 to 1995-1996 subject to the following conditions
this notification will not apply in relation to any income being profits and gains of business, unless the business is incidental to the attainment of the objectives of the assessee and separate books of accounts are maintained in respect of such business
this notification will not apply in relation to any income being profits and gains of business, unless the business is incidental to the attainment of the objectives of the assessee and separate books of accounts are maintained in respect of such business
Notification No. 21-Income Tax It is notified for general information that enterprise/industrial undertaking, listed at para (3) below has been approved by the Central Government for the purpose of section 10(23G) of the Income-tax Act,-1961, read with rule 2E of the Income-tax Rules, 1962, for the assessment years 2002-2003, 2003-2004 and 2004-2005.
Notification No. 20-Income Tax In exercise of the powers conferred by sub-section (1) read with clause (b) of the Explanation to section 35AC of the Income-tax Act, 1961 (43 of 1961), the Central Government on the recommendations of the National Committee for Promotion of Social and Economic Welfare, hereby approves the institutions mentioned in column
Notification No. 11-Income Tax 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
Notification No. 19-Income Tax It is hereby notified for general information that the organisation mentioned below has been approved by the Central Government for the period mentioned below, for the purpose of clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961, read with Rule 6 of the Income tax Rules, 1962 under the category “Association”
Notification No. 18-Income Tax It is hereby notified for general information that the organisation mentioned below has been approved by the Central Government for the period mentioned below, for the purpose of clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961, read with Rule 6 of the Income tax Rules, 1962 under the category “Institution”
