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Income Tax : The article breaks down salary components such as basic salary, allowances, and perquisites. It highlights which parts are fully t...
Income Tax : This calendar lists all major statutory filings due in January 2026 across GST, Income Tax, SEBI, FEMA, ESI, PF, and Companies Act...
Income Tax : This article explains how courts assess unexplained cash credits and why proper proof of identity, capacity, and genuineness can l...
Income Tax : From FY 2025–26, partnership firms must deduct 10% TDS on specified payments to partners once the ₹20,000 threshold is crossed...
Income Tax : Explore the legal and technical hurdles in filing Updated Returns under Section 139(8A), including Excel utility dependencies and ...
Income Tax : Bogus Donation Claims Detected—Opportunity Given to Fix Returns: Analytics spotted questionable donation deductions and other ex...
Income Tax : This explainer breaks down how Section 80G deductions work and who can claim them. It highlights deduction categories, qualifying ...
Income Tax : While gross collections rose modestly, higher corporate tax inflows boosted net direct tax collections. The figures underline the ...
Income Tax : The NUDGE campaign targets fraudulent claims under sections 80G and 80GGC, helping taxpayers voluntarily revise returns and avoid ...
Income Tax : West Bengal’s ITR filings rose to 52.99 lakh in AY 2024-25, with significant increases in middle- and higher-income brackets. Th...
Income Tax : ITAT Pune held that disallowance of interest paid on housing loan is upheld since assessee has failed to provide documentary evide...
Income Tax : Delhi High Court held that outsourcing solutions including transaction processing services and Internet/voice-based customer care ...
Income Tax : The issue concerned a large Schedule BP deduction disallowed under section 37. The Tribunal held that prima facie the amounts were...
Income Tax : The issue was rejection of charitable registration for alleged non-compliance. The Tribunal held that an ex parte rejection withou...
Income Tax : The issue was whether a reassessment notice issued in July 2022 for AY 2015-16 was valid. The Tribunal held it to be barred by lim...
Income Tax : The notification grants statutory approval for scientific research under section 35, enabling tax deductions for eligible donation...
Income Tax : The government has notified approval under Section 35(1)(ii), allowing donors to claim income-tax deductions for eligible scientif...
Income Tax : The government has approved an institution for scientific research under Section 35(1)(ii), allowing eligible tax deductions for d...
Income Tax : This notification clarifies the conditions under which a development authority qualifies for tax exemption. The ruling highlights ...
Income Tax : This notification addresses whether statutory development authorities qualify for income-tax exemption under section 10(46). The k...
Notification No.235/2005 – Income Tax S. O. 1597(E).—:Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O.1237(E), dated the 28th October, 2003, 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 specified at serial number 1, for Construction of school and
this notification will not apply in relation to any income, being profits and gains of business, unless the business is incidental to the attainment of the objectives of the assessee and separate books of accounts are maintained in respect of such business.
Notification No.234/2005 – Income Tax It is hereby notified for general information that the organization Centre for Research in Rural & Industrial Development (CRRID), Sector 19A, Madhya Marg, Chandigarh-160 019 has been approved by the Central Government for the purpose of clause (iii) of sub-section (1) of section 35 of the Income-tax Act, 1961, read with rule 6 of the Income-tax Rules, 1962 for the
Notification No.233/2005 – Income Tax It is hereby notified for general information that the organization Ashoka Trust for Research in Ecology and the Environment, No. 659, 5th A Main, Hebbal, Bangalore- 560 024 has been approved by the Central Government for the purpose of clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961, read with rule 6 of the Income-tax Rules, 1962 for the period from
Notification No.232/2005 – Income Tax It is hereby notified for general information that the organization Sitaram Bhartia Institute of Science & Research, Block 1E, 216, Acharya Jagdish Chandra Bose Road, Calcutta–700017 has been approved by the Central Government for the purpose of clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961, read with rule 6 of the Income-tax Rules, 1962 for the period from 1-4-2003 to 31-3-2006 under the category of University, College or other institution partly engaged in research
Notification No.231/2005 – Income Tax It is hereby notified for general information that the organization Diabetic Association of India, Raheja Rugnalaya Marg, Mahim, Mumbai–400 016 has been approved by the Central Government for the purpose of clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961, read with rule 6 of the Income-tax Rules, 1962 for the period from 1-4-2003 to 31-3-2006
In exercise of the powers conferred by 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 on the recommendations of the National Committee for Promotion of Social and Economic Welfare
Notification No.230/2005 – Income Tax It is hereby notified for general information that the organization Medical Research Centre of Bombay Hospital Trust, 12, Marine Lines, Bombay – 400 020 has been approved by the Central Government for the purpose of clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961, read with rule 6 of the Income-tax Rules, 1962 for the period from 1-4-2003 to
Notification No.227/2005 – Income Tax In exercise of the powers conferred by clause (xiv) of sub-section (2) of section 80C of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies the UTI-Retirement Benefit Pension Fund set up by the specified company referred to in clause (h) of section (2) of the Unit Trust of India (Transfer of Undertaking and Repeal) Act, 2002 (58 of 2002) as a pension fund
Notification No.226/2005 – Income Tax In exercise of the powers conferred by clause (xiii) of sub-section (2) of section 80C of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby makes the following scheme, namely
