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Income Tax : Understand income tax rules for business & profession in India. Covers business, profession, vocation, occupation, and deduction g...
Income Tax : In the realm of taxation, income is classified into various categories, with one of the most significant being Income from Busines...
Income Tax : CBDT issues clarification on Circular 01/2025, stating it applies only to the Principal Purpose Test in certain DTAAs and does not...
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Income Tax : The Income Tax Bill 2025 aims to simplify tax laws with no major policy changes. It enhances clarity, reduces ambiguities, and ali...
Income Tax : The Finance Bill 2025 projects a 12.65% rise in income tax collections despite tax cuts, with estimated receipts of ₹25.20 lakh ...
Income Tax : The Finance Bill 2025 revises tax slabs, reducing the burden on middle-class taxpayers. The changes aim to boost savings and consu...
Income Tax : Interest paid on late payment of TDS was not an expenditure wholly and exclusively incurred for the purpose of business and furthe...
Income Tax : ITAT Delhi allows India Thermit Corporation’s appeal, ruling that scrutiny assessment under Section 143(2) bars summary processi...
Income Tax : Assessee had consistently shown the plots as investments in earlier years and that the nature of income could not be determined so...
Income Tax : In pursuance of search, notice u/s.153A was issued and in response, assessee also filed its return of income. AO noted that assess...
Income Tax : Assessee had strongly contended that he was unaware of who Shri Kaustubh Latke and Shri Shailesh Patil are, since they were not co...
Income Tax : Finance Ministry specifies Power Finance Corporation Ltd.'s ten-year zero coupon bond with Rs. 49,546 discount, for Income-tax Act...
Income Tax : Learn about high-risk transaction case verification, assessment, and proceedings under Sections 148/148A on the Insight and ITBA p...
Income Tax : Learn about high-risk CRIU/VRU case verification, assessment, and proceedings under Sections 148/148A on the Insight and ITBA port...
Income Tax : Learn about suspected benami, undisclosed foreign assets, and TDS compliance cases assigned under Risk Management Strategy via the...
Income Tax : The IT Dept. has flagged high-risk non-filers for AY 2019-22 on the Insight Portal under RMS Cycle 5. Assessing Officers can revie...
It is hereby notified for general information that the institution mentioned below has been approved by the Indian Council of Agricultural 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. 263-Income Tax Whereas relief under clause (i) of sub-section (1) of section 33 of the Estate Duty Act, 1953 (34 of 1953), in respect of any one building in the occupation of a Ruler declared by the Central Government as his official residence under paragraph 13 of the Merged States (Taxation Concessions) Order, 1949, or paragraph 15 of the Part B States (Taxation
The Karnataka Institute of Applied Agricultural Research Sameerwadi Distt. Bijapur Mysore. This notification is effective for a period of 3 years from 1-4-1979 to 31-3-1982.
This National Environmental Engineering Research Institute Nagpur is a unit of CSIR which stands approved under section 10(2)(xiii) of the Income-tax Act 1922 vide late Finance Department Notification No. 34 dated 24-11-1946.
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 The Roman Catholic Diocese of Calicut for the purpose of the said section for the assessment years 1977-78 1979-79 and 1979-80.
This notification contains Amendment to Income-tax Act carried out on November 12, 1979 not reproduced here as it is already contained in the body of the Act itself.
It is hereby notified for general information that the institution mentioned below has been approved by the Indian Council of Medical Research, 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(ii) of the Income-tax Rules, 1962, under the
Notification: S.O.3862 In exercise of the powers conferred under sub-section (1) of section 132 of the Income-tax Act, 1961 (43 of 1961), hereinafter referred to as the Act, the Central Board of Direct Taxes hereby empowers the following Deputy Directors of Inspection and Inspecting Asstt. Commissioners to authorise action under sub-section (1) of section 132 of the Act :–
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.
This notification contains Amendment to Income-tax (Fifth Amendment) Rules 1979 carried out on 29th October 1979 not reproduced here as it is already contained in the body of the rules itself
