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Income Tax : Budget 2026 has extended the due dates for ITR-3, ITR-4, and revised returns, offering taxpayers greater flexibility. Understandin...
Income Tax : Relocating to Sikkim does not automatically exempt you from income tax. This article explains who qualifies under Section 10(26AAA...
Income Tax : The article outlines practical methods through which business owners and professionals can legally minimise their tax burden. It h...
Income Tax : Section 54 grants exemption on long-term capital gains from the sale of a residential house because the proceeds are reinvested in...
Income Tax : The Income-tax Act mandates e-payment of direct taxes for companies and taxpayers covered under Section 44AB, while others may opt...
Income Tax : The CBI apprehended an Income Tax Office Superintendent in Odisha after he was allegedly caught accepting a bribe for deleting a d...
Income Tax : The Income Tax Appellate Tribunal has proposed a priority disposal mechanism for appeals filed up to and including 2022 in respons...
Income Tax : A representation has urged CBDT to merge TDS return codes 1023 and 1024, arguing that both apply to the same contract payments wit...
Income Tax : Association requested CBDT to rationalize CASS 2026 case selection considering the administrative burden caused by implementation ...
Income Tax : KSCAA requested the CBDT to release e-filing utilities and schemas for AY 2026-27 without delay, stating that pending utilities ar...
Income Tax : The Jodhpur ITAT held that deduction under Section 80GGC cannot be denied merely on allegations against a political party in the a...
Income Tax : Assessment orders passed pursuant to express liberty granted by the High Court during pendency of settlement-related litigation re...
Income Tax : The ruling emphasizes that undisclosed business receipts and stock arising from an existing business cannot automatically be chara...
Income Tax : The Tribunal held that when sales are accepted and books of account are not rejected, the entire amount of disputed purchases cann...
Income Tax : The ITAT Pune held that the CIT(A)/NFAC cannot dismiss an appeal merely for non-prosecution without adjudicating the issues on mer...
Income Tax : The CBDT has identified specific categories of taxpayers whose returns will be compulsorily selected for complete scrutiny during ...
Income Tax : The Ordinance exempts interest income and capital gains arising from Government securities for Foreign Institutional Investors and...
Income Tax : The Central Government has specified infrastructure sub-sectors from the Updated Harmonised Master List as eligible businesses und...
Income Tax : CBDT has granted scientific research approval under the Income-tax Act, 2025, enabling eligible donations to qualify for tax benef...
Income Tax : CBDT has granted scientific research approval under the Income-tax Act, 2025, allowing eligible donations to qualify for tax benef...
In a bid to tackle tax evasion and check generation of illicit money, the government is considering classifying earnings from illegitimate sources like bribery and corruption as criminal offences under the income tax laws. ‘The income earned from illegitimate means could be classified as a criminal offence in the Income Tax Act’, said a senior Finance Ministry official.
Notification No. 52/2011 – Income Tax Whereas by Notification of the Government of India in the Ministry of Finance (Department of Revenue) Number S.O. 135(E), dated the 3rd February, 2006, issued under clause (b) of the Explanation to section 35AC of the Income-tax Act, 1961 (43 of 1961), the Central Government had notified at serial Number 9, “National Centre for Adolescents” by Urivi Vikram Charitable Trust
Notification No. 51/2011 – Income Tax Whereas by Notification of the Government of India in the Ministry of Finance (Department of Revenue) Number S.O.708(E), dated the 25th May, 2005, issued under clause (b) of the Explanation to section 35AC of the Income-tax Act, 1961 (43 of 1961), the Central Government had notified at serial Number 15, “Project for capacity building of voluntary sector” by SOSVA Training
NC Notification No. 78/2011 – Income Tax WHEREAS by Notification of the Government of India, in the Ministry of Finance (Department of Revenue) Number S.O.739(E), dated the 10th September, 1999, issued under sub-section (1) read with clause (b) of the Explanation to section 35AC of the Income-tax Act, 1961 (43 of 1961), the Central Government had notified at serial Number 7, ‘Provision of artificial limbs and other rehabilitation aids to amputees, polio-affected disabled persons, hard of hearing, medicines and special shoes to persons suffering from leprosy, various types of financial aids and other support for self-employment and rehabilitation of handicapped persons at Jaipur, Rajasthan’
NC Notification No. 77/2011 – Income Tax WHEREAS by Notification of the Government of India in the Ministry of Finance (Department of Revenue) Number S.O.998(E), dated the 5th July, 2006, issued under clause (b) of the Explanation to section 35AC of the Income-tax Act, 1961 (43 of 1961), the Central Government had notified at serial Number 7, ” “Muktangan” Balwadi and school project for children of slum dwellers and factory workers” by Paragon Charitable Trust, I-11/12, Paragon Condominium, Pandurang Budhkar Marg, Worli, Mumbai-400 013, as an eligible project or scheme for a period of two years beginning with assessment year 2006-07 and which was extended further vide Notification Number S.O.1471(E), dated 17th June, 2008 for a further period of three years beginning with the financial year 2008-09;
NC Notification No. 76/2011 – Income Tax WHEREAS by Notification of the Government of India in the Ministry of Finance (Department of Revenue) Number S.O. 2370(E), dated 3rd October, 2008, issued under clause (b) of the Explanation to section 35AC of the Income-tax Act, 1961 (43 of 1961), the Central Government had notified at serial Number 31, Adhiparasakthi Health and Social Upgradation Program i.e. (i) Medical hospital project, (ii) HIV project and (iii) Rural Development program by Adhiparasakthi Charitable, Medical, Educational and Cultural Trust, Melmaruvathur -603 319, District Kancheepuram, Tamilnadu, as an eligible project or scheme for a period of three years beginning with financial year 2008-09;
NC Notification No. 75/2011 – Income Tax WHEREAS by Notification of the Government of India in the Ministry of Finance (Department of Revenue) Number S.O.234(E), dated the 15th February, 2007, issued under clause (b) of the Explanation to section 35AC of the Income-tax Act, 1961 (43 of 1961), the Central Government had notified at serial Number 15, “Purchase and installation of plant and machinery, expansion of infrastructure” by Jain Social Federation’s Anandrishiji Hospital & Medical Research Centre, Plot No. 124, Anandrishiji Marg, Ahmednagar-414001 (Maharashtra), as an eligible project or scheme for a period of two years beginning with financial year 2006-07 and which was extended further vide Notification Number S.O. 1477(E), dated 17th June, 2008 for a further period of three years beginning with the financial year 2008-09;
NC Notification No. 74/2011 – Income Tax WHEREAS by Notification of the Government of India in the Ministry of Finance (Department of Revenue) Number S.O. 2370(E), dated 3rd October, 2008, issued under clause (b) of the Explanation to section 35AC of the Income-tax Act, 1961 (43 of 1961), the Central Government had notified at serial Number 19, Mobile Charitable Dispensary and Medical Aid Project by Bharat Sevashram Sangha, 211, Rash Behari Avenue, Kolkata – 700 019, as an eligible project or scheme for a period of three years beginning with financial year 2008-09;
NC Notification No. 73/2011 – Income Tax WHEREAS by Notification of the Government of India in the Ministry of Finance (Department of Revenue) Number S.O. 121(E), dated 12th January, 2009, issued under clause (b) of the Explanation to section 35AC of the Income-tax Act, 1961 (43 of 1961), the Central Government had notified at serial Number 21, Nanaksar Dashmesh Public School by Anand Isher Educational Charitable Trust, Chhappar Road, Village Chhappar, Ahmad Garh Mandi, Ludhiana, Punjab, as an eligible project or scheme for a period of three years beginning with financial year 2008-09;
NC Notification No. 55/2011 – Income Tax Whereas by Notification of the Government of India in the Ministry of Finance (Department of Revenue) Number S.O. 121(E), dated 12th January, 2009, issued under clause (b) of the Explanation to section 35AC of the Income-tax Act, 1961 (43 of 1961), the Central Government had notified at serial Number 34, Integrated Development of boys, girls and women from slum dwellers Construction and Development of a multifaceted training centre by Swa-Roopwardhinee, 22/1, Mangalwar Peth, Parge Chowk, Pune 411011, Maharashtra, as an eligible project or scheme for a period of three years beginning with financial year 2008-09;