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Income Tax : Explore the Finance Bill 2024, detailing income tax rates, surcharges, and provisions for various taxpayers, including individuals...
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...
Income Tax : CBDT notifies Karnataka State Natural Disaster Monitoring Centre for tax exemptions on specific incomes. Effective for AY 2021-22 ...
Circular: No. 48 -Income Tax I am directed to invite a reference to the Board’s Circular No. 22/68-IT(B) [F. No. 12/23/68-IT(B)], dated 28-3/13-5-1968, regarding the provisions of section 194A. Instances have been brought to the notice of the Board where in the case of outstation sale of goods the supplier draws a hundi on the buyer and routes it through his banker
In exercise of the powers conferred by clause (b) of sub-section (2) of section 80G of the Income-tax Act, 1961, (43 of 1961), the Central Government hereby notifies the under-mentione
In exercise of the powers conferred by sub-section (2)(b) of section 80G of the Income-tax Act, 1961, (43 of 1961) the Central Government hereby notifies Shri Satya Gnana Sabai, Vadalar, Cu
any company in which all the shares are held (whether singly or taken together) by the Government or the Reserve Bank of India or a Corporation owned by that Bank.
This notification contains amendments to Income-tax Rules carried out on 14th October, 1970 not reproduce
It is hereby notified for general information that the institution mentioned below has been approved by the Council of Scientific and Industrial Research, the ” prescribed authority ” for the purposes of clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961.
Circular No. 47-Income Tax A question has arisen whether the provision made by an assessee in its accounts on account of the estimated service gratuity payable to the employees can be allowed as a deduction when no gratuity fund has been set up under Part C of the Fourth Schedule to the Income-tax Act
Circular No. 46-Income Tax Reference is invited to the Board’s Circular No. 4-P(LVIII-22), dated 6-8-1964 [Clarification 2] on the above subject. Several representations have been received by the Board seeking clarification about the meaning of the term “salary” as used in section 10(10).
Circular No. 45-Income Tax The rates of income-tax for the assessment year 1970-71 in the case of all categories of taxpayers (corporate as well as non-corporate) are specified in Part I of the First Schedule to the Finance Act, 1970. These rates – summarised in Annexure I to this circular – are the same as those specified in Part III of the First Schedule to
In pursuance of sub-clause (ii) of clause (15) of section 10 of the Income-tax Act, 1961, (43 of 1961), the Central Government hereby specifies the following Certificates for the purposes of that sub-clause, namely :—
