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Income Tax : The Supreme Court clarified rules for Trusts/NGOs under Section 2(15) of the Income Tax Act, limiting business activities tied to ...
Income Tax : Explore the India-Mauritius DTAA's impact, treaty shopping challenges, and recent amendments aimed at preventing tax abuse and fos...
Income Tax : Learn about disallowed expenses under PGBP in India's Income Tax Act. Understand key sections like 37, 40, and 40A, and their impa...
Income Tax : Explore the Bombay High Court ruling on reassessments under the Income Tax Act, clarifying jurisdiction between JAO and FAO in the...
Income Tax : The Supreme Court upholds TOLA, validating extended income tax reassessment timelines despite previous High Court rulings on Secti...
Income Tax : Supreme Court disposes of 573 direct tax cases due to increased appeal limits from the Union Budget 2024-25, reducing tax litigati...
Income Tax : Join our webinar on TDS amendments from Budget 2024 and learn their impact on tax audits, filing procedures, and compliance....
Income Tax : Tax professionals face technical issues on the Income Tax portal, hindering tax audit report submissions before the 30th Sept 2024...
Income Tax : As of September 17, 2024, direct and advance tax collections show significant growth compared to the previous fiscal year....
Income Tax : KSCAA requests review of incorrect TDS credit processing by CPC Bengaluru for AY 2024-25 and urges system corrections and resoluti...
Income Tax : The respondents, on the other hand, would urge us to hold that a failure to place the amalgamated entity on notice was curable and...
Income Tax : Assessee explained that borrowed funds were used for investments in partnership firms, generating interest income exceeding expens...
Income Tax : ITAT Mumbai held that hardship compensation is not a revenue receipt but constitute a capital receipt. Accordingly, AO directed to...
Income Tax : ITAT Ahmedabad held that if an assessee has failed/omitted to make a claim at the time of filing of return of income the same can ...
Income Tax : ITAT Bangalore condones a 69-day delay in filing an appeal, citing COVID-19 as a reasonable cause. Case reassessed by CIT(A) for t...
Income Tax : TDS on agents commission reduced from 5% to 2% as per the Finance Bill 2024. New rate effective from October 1, 2024, under Sectio...
Income Tax : DGIT issues notification on the procedure for filing Form-1 under the Direct Tax Vivad Se Vishwas Scheme, 2024. Learn about the on...
Income Tax : CBDT designates OCAC Chairman for identifying genuine beneficiaries of Odisha's social welfare schemes under Section 138 of the In...
Income Tax : CBDT issues comprehensive guidelines for condonation of delay in filing returns claiming refunds or losses under Section 119(2)(b)...
Income Tax : CBDT extends audit report filing deadline to 7th October 2024 for AY 2024-25, considering taxpayers' challenges. Update applies to...
In exercise of the powers conferred by sub-section (2) of section 138 of the Income-tax Act, 1961 (43 of 1961), (hereinafter referred to as the Act), the Central Government, having regard to the practices and usages customary among banking companies and to other relevant factors, hereby directs that no public servant shall—
In exercise of the powers conferred by sub-section of section 88 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies the following temples, mosques, gurdwaras and c
Notification S.O.1973 CENTRAL BOARD OF IRRIGATION AND POWER, NEW DELHI – It is hereby notified for general information that the institution mentioned below has been approved by the Council of Scientific and Industrial Research,
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 :—
Whereas the Central Government, by notifications of the Government of India in the Ministry of Finance (Department of Revenue) Nos. 22 and 23, dated the 30th March, 1956, directed the inclusion of the institutions ” The Birla College of Engineering, Pilani” and ” the Birla College of Science, Commerce and Pharmacy, Pilani” at S. Nos. 26 and 27 re
In exercise of the powers conferred by the sub-section (6) of section 88 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies Shri Jagannath Temple, Puri, to be of historic, archaelogical and artistic importance for the purposes of the said section
It is hereby notified for general information that the institution below has been approved by the Indian Council of Agricultural Research, the “prescribed authority”, for the purposes of clause (
In exercise of the powers conferred by sub-section (11) of section 132 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies the Central Board of Direct Taxes as the authority for the purposes of that sub-section
Notification: S.O.1086 This notification contains Amendment to Income-tax Rules carried out on 30-3-1965 not reproduced here as it is already contained in the body of the Income-tax Rules itself
In exercise of the powers conferred by section 126 of the Income-tax Act, 1961, (43 of 1961), the Central Board of Direct Taxes hereby deletes Serial No. 43 and the entries thereaganist from the Schedule annexed to its notification S. R. O. 1214 (No. 44-Income-tax) dated the 1st July, 1952
