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Income Tax : Therefore, the procedure that is required to be completed for issuance of notice under Section 148 of the Act is required to be co...
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Income Tax : Kerala High Court held that recovery of tax arrears by income tax department from property that was already auctioned by Kerala Ge...
Income Tax : Delhi High Court held that license fees paid to M/s. Remfry & Sagar for use goodwill vested in the company is allowable as deducti...
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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...
Income Tax : CBDT authorizes data sharing with DFPD to identify PMGKAY beneficiaries. MoU to govern data confidentiality, transfer mode, and ti...
It is hereby notified for general information that theThe Society for the study of Man, His Environment & Disease (MED) Indiahas been approved by the Council of Scientific and Industrial Research, the prescribed authority for the purposes of clause (ii) of sub-section (1)
It is hereby notified for general information that the Engine Valves Limited, Madras has been approved by the Central Board of Direct Taxes for the purposes of sub-section (2) of section 35D of the Income-tax Act
Circular : No. 136 -Income Tax The Board have examined the question whether the provisions of section 4(1)( a) should be invoked in cases where the consideration for the transfer of property is determined, fixed or approved by the Central Government or the Reserve Bank of India. It has been decided that when any property is transferred and the consideration for such transfer is determined, fixed or approved by the Central
Notification: S.O.1605 It is hereby notified for general information that the institution mentioned below has been approved by the Indian Council of Social Science Research, the prescribed authority for the purposes of clause (iii) sub-section (1) of section 35 of the Income-tax Act, 1961 for a period of three years in the first instance. The trustees will send to the Ind
Notification: S.O.1659 It is hereby notified for general information that the institution mentioned below has been approved by the Indian Council of Social Science Research, the prescribed authority for the purposes of clause (iii) of sub-section (1) of section 35 of the Income-tax Act, 1961. This notification will take effect from 1st April, 1973.
Notification: S.O.1658 Section(s) Referred: 35 ,35(1) ,35(1)(iii) – Institution – T. S. Narayanaswami Institute of Social and Business Research, Madras. This notification will take effect from 1st April, 1973
It is hereby notified for general information that the Cellulosics Consultants (India) Private Ltd., New Delhi has been approved by the Central Board of Direct Taxes for the purposes of sub-section (2) of section 35D of the Income-tax Act, 1961 (43 of 1961).
Notification: S.O.143 In exercise of the powers conferred by sub-section (3) of section 230A of the Income-tax Act, 1961, (43 of 1961), the Central Board of Direct Taxes hereby notifies that the provisions of sub-section (1) of the said section shall not apply to an authority as is referred to in clause (20A) of section 10 of the said Act, namely, an authority constituted in India b
Circular No. 135-Income Tax Section 194D provides for deduction of income-tax at source, at such rates as may be prescribed by the Finance Act of the relevant year, from payments of income by way of insurance commission, to a resident, whether an individual, a company or any other category of person. The rates for deduction of tax at source for the financial year 1974-75 which are prescribed in Part II of the First
Circular : No. 134 -Income Tax Under section 194A any person not being an individual or a Hindu undivided family, paying to a resident, any income by way of interest (other than interest on securities) is required, at the time of credit of such income to the account of the payee or at the time of payment thereof in cash or by issue of a cheque or a draft, to deduct income-tax thereon at the rates in force. The rates for the
