Get all latest income tax news, act, article, notification, circulars, instructions, slab on Taxguru.in. Check out excel calculators budget 2017 ITR, black money, tax saving tips, deductions, tax audit on income tax.
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...
Notification No. 28/2011 – Income Tax [F.NO.V-27015/1/2011-SO(NAT.COM)]/S.O.869(E), DATED 27-4-2011 WHEREAS by Notification of the Government of India, in the Ministry of Finance (Department of Revenue) number S.O. 1084(E), dated the 11th October, 2002, 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 3, Running of Smt. Savitaben Ramanlal Dahyalal Shah, Sarvajanik Hospital, Ambasan, District Mehsana Guiarat” by Smt. Savitaben Ramanlal Dahyalal Shah, Sarvajanik Hospital & Prashutigruh Trust AT & PO Ambasan. Ta & District Mehsana – 384 435, Gujarat, as an eligible project or scheme for a period of three years beginning with assessment year 2003-04; which was extended further vide Notification number S.O. 1010(E), dated the 5th July, 2006 for a period for of two years beginning with financial year 2006-07 and which was extended further vide Notification number S.O. 1472(E), dated the 17th June, 2008 for a period of three years beginning with financial year 2008-09;
Notification No. 27/2011 – Income Tax [F.NO.V-27015/1/2011-SO(NAT.COM)]/S.O. 868(E), DATED 27-4-2011 WHEREAS by Notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O.1794(E), dated the 23rd October, 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, “Madhav Vidhyapith” residential school for tribal students by Shri Vidyabharati Vanvasi Shikshan Samiti, Narmada 44, Sardar Nagar, AT & PO – Valia, Tal – Valia, District Bharuch – 393 135, as an eligible project or scheme for a period of three years beginning with financial year 2007-08;
Notification No. 26/2011 – Income Tax [F.NO.V-27015/1/2011-SO(NAT.COM)]/S.O. 867(E), DATED 27-4-2011 WHEREAS by Notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O. 422(E), dated the 19th May, 1998, 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 6, “Running of Health Care and Education activities in Gujarat and Maharashtra’ by Sundeep Foundation, 118, Jolly Bhavan No. 1, 10, New Marine Lines, Mumbai – 400020, as an eligible project or scheme for a period of three years beginning with assessment year 1999-2000
Notification No. 25/2011 – Income Tax [F.NO.V-27015/1/2011-SO(NAT.COM)]/S.O. 866(E), DATED 27-4-2011 WHEREAS by Notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O. 399(E), dated the 6th June, 1996, 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 11, “Medical Relief Project at Ahmedabad” by Dardiono Rahat Fund, 102, Kashi Parekh Complex, 29, Adarsh Society, Navrangpura, Ahmedabad – 380009, as an eligible project or scheme for a period of three years beginning with assessment year 1997-98 which was extended further vide Notification number S.O. 312(E), dated the 11th May, 1999 for a period of three years beginning with assessment year 2000-01
Notification No. 24/2011 – Income Tax [F.NO.V-27015/1/2011-SO(NAT.COM)]/S.O. 865(E), DATED 27-4-2011 WHEREAS by Notification of the Government of India, in the Ministry of Finance (Department of Revenue) number S.O.791(E), dated the 18th September, 1995, issued under sub-section (1) read with clause (b) of the Explanation to section 35AC of the Income-tax Act, 1961, the Central Government had notified at serial number 9, “Construction, equipment, furnishing of Navjyoti Centre for mentally handicapped” by Association for Advancement and Rehabilitation of Handicapped (AAROH), 224, Vasam Enclave, New Delhi-110057, as an eligible project or scheme for a period of three year beginning with Assessment year 1996-97 which was extended further vide Notification number S.O. 683(E), dated the 11th August, 1998 for a period of three years
Recently Delhi High Court in the case of Areva T&D vs. ADIT ruled that the Revenue can reopen the assessment proceedings on change of opinion that the income of the assessee has escaped assessment. Such re-opening of the assessment by the Income Tax department is legal where no return has been filed by the assessee for the assessment year in dispute, high court said.
Notification No. 23/2011 – Income Tax [F.NO.V-27015/1/2011-SO(NAT.COM)]/S.O. 864(E), DATED 27-4-2011 WHEREAS by Notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O. 2545(E), dated 6th October, 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 4, Holy Spirit Cancer Centre by Society of the Servants of the Holy Spirit, Holy Spirit Hospital, Mahakali Caves Road, Andheri (E), Mumbai 400 093, as an eligible project or scheme for a period of two years beginning with financial year 2009-10;
Notification No. 22/2011 – Income Tax [F.NO.V-27015/1/2011-SO(NAT.COM)]/S.O. 863(E), DATED 27-4-2011 WHEREAS by Notification of the Government of India, in the Ministry of Finance (Department of Revenue) number S.O.399(E), dated the 6th June, 1996, 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 5, “Construction, furnishing, equipments and running of hospital at Crozaria, District Mehsana, Gujarat” by Smt. Samarathben Chunilal and Sheth Dosabhai Madhavji Sarvajanik Trust, Crozaria, District Mehsana, Taluk -Vijapur, Gujarat, as an eligible project or scheme for a period of three years beginning with assessment year 1997-98, which was extended further vide Notification number S.O.101(E), dated the 11th February, 1999 for a period of three years beginning with assessment year 2000-01, which was extended further vide Notification number S.O. 1113(E), dated the 24th October, 2002 for a period of three years beginning with assessment year 2003-04 which was extended further vide Notification number S.O.140(E), dated the 3rd February, 2006 for a period of three years beginning with financial year 2005-06 and which was extended further vide Notification number S.O. No. 245(E), dated 21st January, 2009 for a period of three years beginning with financial year 2008-09;
Notification No. 21/2011 – Income Tax [F.NO.V-27015/1/2011-SO(NAT.COM)]/S.O. 862(E), DATED 27-4-2011 WHEREAS by Notification of the Government of India, in the Ministry of Finance (Department of Revenue) number S.O. 366(E), dated the 10th April, 2000, 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 3, “Construction of extension building, purchase of equipments/instruments, mobile van, furnishing and running of Kanoria Hospital and Research Centre at Gandhi Nagar, Gujarat” by Kanoria Seva Kendra, 307, Abhijeet Netaji Marg, Ellisbridge, Ahmedabad, Gujarat, as an eligible project or scheme for a period of three years beginning with assessment year 2000-01, which was extended further vide Notification number S.O. 981(E), dated the 10th September, 2002 for a period of three years beginning with assessment year 2003-04, which was extended further vide Notification number S.O. 506(E), dated the 4th April, 2006 for a period of three years beginning with financial year 2005-06; and which was further extended vide Notification number S.O. 244(E), dated the 21st January, 2009 for a period of three years beginning with financial year 2008-09;
Notification No. 20/2011 – Income Tax [F.NO.V-27015/1/2011-SO(NAT.COM)]/S.O. 861(E), DATED 27-4-2011 WHEREAS by Notification of the Government of India, in the Ministry of Finance (Department of Revenue) number S.O. 399(E), dated the 6th June, 1996, 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 8, “Equipments and running of Polio Hospital at Ahmedabad, Gujarat” by Polio Foundation, Shah Chimenlal Chhotalal Lokandwala Charitable Trust Hospital for the Handicapped, Raipur, Chekla, Ahmedabad – 1, as an eligible project or scheme for a period of three years beginning with assessment year 1997-98, which was extended further vide Notification number S.O. 324(E), dated the 11th May, 1999 for a period of three years beginning with assessment year 2000-01, which was extended further vide Notification number S.O. 614(E), dated the 7th June, 2002 for a period of three years beginning with assessment year 2003-04, which was extended further vide Notification number S.O.153(E), dated the 3rd February, 2006 for a period of three years beginning with financial year 2005-06 and which was extended further vide Notification number S.O. 1306(E), dated the 4th June, 2008 for a period of three years beginning with financial year 2008-09;
