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Income Tax : Rule 55 misinterpretations hinder aspiring Income Tax Practitioners, discouraging qualified youth and impacting self-employment op...
Income Tax : Written submission against wrong cash deposit notice under Section 148A(b), highlighting errors and lack of independent inquiry....
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Income Tax : Explore global tax complexities of cryptocurrency, focusing on jurisdiction, pseudonymity, and the need for an international frame...
Income Tax : Understand ITR exemption under Section 194P for senior citizens 75+ years. Learn eligibility, conditions, and other tax benefits a...
Income Tax : Govt. confirms no changes to the process of tax exemptions for STs in Meghalaya, clarifying no certificates are needed to claim ex...
Income Tax : CBI arrests two Income Tax employees in Silchar for accepting Rs. 4,000 bribe as part of a Rs. 10,000 demand for PAN card closure....
Income Tax : State-wise details of women income tax filers from 2019 to 2024 show a steady increase in participation across India....
Income Tax : KSCAA raises concerns over errors in CPC processing of returns and defective notices, requesting corrective actions for smoother t...
Income Tax : Comprehensive list of 29 banks available at the e-Filing Portal's e-Pay Tax service. Find out the new and migrated banks, along wi...
Income Tax : During the assessment proceedings, AO provided many opportunities to the Assessee to explain the nature and source of deposits mad...
Income Tax : ITAT Jaipur held that time limit of filling the application for recognition u/s. 80G of the Act has been extended by the Board. Ac...
Income Tax : ITAT Bangalore held that no separate benchmarking of royalty payment required when the margin is accepted to be at arms length pri...
Income Tax : Kerala High Court held that considering merits of the matter while deciding application for condonation of delay for filing revise...
Income Tax : ITAT Bangalore rules penalty under Section 271B cannot be levied for technical breach without malafide intention, in the case of C...
Income Tax : The Ministry of Finance grants approval to IIIT Hyderabad for scientific research under the Income Tax Act, effective from 2024-25...
Income Tax : Overview of steps in the ITBA Assessment Module for passing assessment orders, including income computation, feedback, and order g...
Income Tax : CBDT extends the due date for filing income tax returns under section 92E for AY 2024-25 from 30th November 2024 to 15th December ...
Income Tax : Notification No. 124/2024 revises Income Tax Rules, introducing safe harbour provisions for foreign companies selling raw diamonds...
Income Tax : Foreign representations like UN agencies, consulates, and diplomatic missions are exempt from Section 194N of Income Tax Act under...
This notification contains amendments to Income-tax Rules carried out on 11th July, 1966 not reproduced here as it is already contained in the body of th
Notification: S.O.2288 – Indian Jute Industries Research Association, Calcutta – It is hereby notified for general information that the institution mentioned below has been approved by the Council of Scientific and Industrial Research,
Notification: S.O.1704 Kothari Scientific and Research Institute, Calcutta 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 126 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby deletes Serial Nos. 2, 73, 74 and 80 and the entries thereagainst from the Schedule annexed to its notification S.R.O. 1214 (No. 44-Income-tax) dated the 1st July, 1952
Darjeeling District of West Bengal, excluding Siliguri Sub-Division. 2. Kangra District, Punjab. 3. Mandi District, Himachal Pradesh. 4. Trivandrum District, Kerala. 5. Quilon District, Kerala. 6. Kottayam District of Kerala, excluding Meenachhil, Kanjirapally and Changanacherry Talukas. 7. Ernakulam District, Kerala. 8. Trichur District, Kerala. 9
Notification: S.O.1417 Association of Surgeons of India, Madras has been approved by the Indian Council of Medical Research, the prescribed authority, for the purposes of clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961 (43 of 1961).
Explore CBDT Letter F. No. 12/19/64-IT(B) dated 22-2-1966, clarifying HRA exemption for Central Govt employees receiving flat-rate allowances. Learn about tax implications and pending amendments.
Notification: S.O.189 This notification contains amendments to Income-tax Rules carried out on 13th January, 1966 not reproduced here as it is already contained in the body of the rules itself
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 Nataraja Temple, Chidambaram, Madras State, to be of historic, archaeological and artistic importance for the purpose of the said section
It has been represented to the Board that in view of the difficulties faced by persons migrating from Burma to India, it may not be possible for a migrant from that country to lead the evidence necessary to prove his claim that a particular sum of money has been brought over by him from that country. 2. The Board consider that the case of bona fide migrants from Burma should be dealt with in a sympathetic manner. In their cases production of direct or documentary evidence in the shape of transfer through banks, hundies, etc., in support of remittance from Burma need not be insisted upon. However, with a view to ensure that unscrupulous persons do not abuse the concessions, the ITOs should ensure the satisfaction of the following conditions before accepting a claim of remittance from
