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Income Tax : Explore the key takeaways of the New Income Tax Bill 2025, including structural changes, simplified provisions, and updates in tax...
Income Tax : New Income Tax Bill 2025, replacing the 1961 act, focuses on simplification and clarity. Learn about the key changes and retained...
Income Tax : A comparative analysis of Income Tax Act 1961 vs Income Tax Bill 2025, highlighting key changes in salary, capital gains, house pr...
Income Tax : Understand key changes in proposed Income Tax Bill 2025. This FAQ covers definitions, tax year, non-profits, exemptions, salary, h...
Income Tax : Learn about the simplification, stakeholder consultation, and structural reforms in the new Income-Tax Bill aimed at reducing redu...
Income Tax : Join our webinar on Faceless Tax Assessments under the Income Tax Act, 1961. Learn concepts, challenges, and solutions from expert...
Income Tax : Income-Tax Bill 2025 simplifies tax laws by reducing sections, chapters, and words while ensuring no policy or tax rate changes. K...
Income Tax : Explore the section mapping of the New Income-Tax Bill 2025, comparing provisions with the Income-Tax Act, 1961. See key changes, ...
Income Tax : Analysis of income tax return filings in India over five years, including trends, zero-tax cases, and government initiatives to en...
Income Tax : Government addresses Supreme Court judgment on tax exemptions for clergy and its implications on Hindu Undivided Families (HUFs) u...
Income Tax : ITAT Chandigarh sets aside ex-parte order against Karam Chand Sweets, remanding the case to CIT(A) for fresh hearing on merits. As...
Income Tax : Kerala High Court sets aside income tax orders against Kerala Minerals & Metals due to lack of opportunity for a hearing. Case rem...
Income Tax : Bangalore ITAT remands case for reassessment of post-demonetization cash deposits by a bar & restaurant owner, directing AO to ver...
Income Tax : ITAT Bangalore remands case where order was passed in name of deceased assessee. Case sent back to CIT(A) for fresh adjudication w...
Income Tax : The Jammu & Kashmir HC refused to quash tax evasion charges against Surinder Nath Jain & others, ruling that the case should proce...
Income Tax : The Central Government notifies Punjab RERA for tax exemption under Section 10(46A) of the Income-tax Act, effective from the 2024...
Income Tax : The Indian government is set to introduce the new Income Tax Bill, 2025, in the Lok Sabha on February 13, 2025. This comprehensive...
Income Tax : Bhaikaka University, Gujarat, is approved for scientific research under Section 35(1)(ii) of the Income Tax Act, 1961, effective f...
Income Tax : Notification No. 14/2025 updates Form 49C submission rules for liaison offices under the Income-Tax Act. Filing deadline set to 8 ...
Income Tax : CBDT amends Income-Tax Rules, 1962, updating regulations for Infrastructure Debt Funds, including investment criteria, bond issuan...
It is hereby notified for general information that the following scientific research programme has been approved for the period specified below for the purposes of sub-section (2A) of section 35 of the Income-tax Act, 1961, read with rule 6(iv) of the Income-tax Rules, 1962, by the Secretary, Department of Science & Technology, New Delhi.
Circular No. 269-Income Tax Certain jurisdictional problems in regard to the interpretation of the provisions of section 246(2) and of the corresponding sections of other Direct Tax Acts, and also in regard to the scope of the Board’s Notifications issued under section 246(2)(i) have been referred to the Board for clarification. They are posed in the form of questions and answered hereunder
Circular No. 268 – Income Tax The rates of income-tax and surcharge for the assessment year 1980-81 in the case of all categories of taxpayers (corporate as well as non-corporate) will be the same as were specified in Part III of the First Schedule to the Finance Act, 1979 for the purpose of calculating or charging income-tax in certain cases, deducting income-tax from income chargeable under the head “Salaries
This notification contains amendments to Income-tax Act carried out on 25th April, 1980 not reproduced here as it is already contained in the body of the rules itself.
It is hereby notified for general information that the approval given under section 35(1)(ii) of the Income-tax Act, 1961, to the Indian Institute of Plant Engineers, Madras, by notification No. 1427 dated 6-8-1976 is withdrawn with effect from 1-1-1980 on the recommendation of the prescribed authority, the Secretary, Department of Science & Technology, New Delhi.
Circular No. 267-Income Tax I am to invite your attention to this Office Letter No………..regarding deduction of income-tax and surcharge from interest on Government securities during the financial year 1979-80.
Circular No. 266-Income Tax I am directed to invite a reference to this Ministry’s (Department of Revenue) Circular No. 252 [F. No. 275/16/79/-IT(B], dated 26-4-1979/10-5-1979 on the subject of deduction of income-tax from salaries paid during the year 1979-80.
Notification No. S.O.1830-Income Tax It is hereby notified for general information that the approval given under section 35(1)(ii) of the Income-tax Act, 1961, to the Protein Foods & Nutrition Association of India, Bombay, by notification No. 494/F. No. 203/38/73ITA-II with effect from 8-11-1973 is withdrawn with effect from 17-3-1980 on the recommendation of the prescribed authority, the Secretary, Department of Science & Technology, New Delhi.
It is hereby notified for general information that the institution mentioned below has been approved by the Secretary, the Department of Science & Technology, New Delhi, the prescribed authority for the purposes of clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961, read with rule 6(iv) of the I. T. Rules, 1962, under the category of “Association” in the area of other natural or applied sciences, subject to the following conditions.
In exercise of the powers conferred by clause (v) of sub-section (23C) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies Kurukshetra Development Board, Kurukshetra, for the purpose of the said section for the assessment year(s) 1969-70 to 1980-81.
