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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.45/2005 – Income Tax In exercise of the powers conferred by section 295 read with clause ( 19) of section 10 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
Notification No.44/2005 – Income Tax It is hereby notified for general information that the organisation mentioned below has been approved by the Central Government for the period mentioned below, 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 under the category “Institution” subject to the following conditions
Notification No.43/2005 – Income Tax S.O. 167(E) —In exercise of the powers conferred by section 295, read with section 80-IA(7) 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
The Patna High Court in the case of Ranchi Club Ltd. Vs. C.I.T. [1996] 217 ITR 72 (Pat.), rendered a very significant judgement that interest under Section 234A and 234B is to be levied on the income declared in the return of income and not on the assessed income. This judgement was passed on 13.11.1995. Thereafter, on 2.7.1996, another very significant judgement was rendered in the case of Ranchi Club Ltd. & Others Vs. C.I.T. [1996] 222 ITR 44 (Pat.)
Notification No.35/2005 – Income Tax S.O.136(E).—Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O.308(E) dated the 11th May, 1999, issued under 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 3, the project of scheme for Eye Care Programme in the National
Notification No.34/2005 – Income Tax S.O.135(E).—Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O.198(E) dated the 12th March, 1998, issued under 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 4, the project of scheme for Ambulance Van and medicines
Notification No.33/2005 – Income Tax S.O. 134(E).— Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O. 312(E) dated the 18th March, 2002, issued under clause (b) of the Explanation to section 35AC of the Income-tax Act, 1961 (43 of 1961), the Central Government had specified the project of scheme for Construction of building, Purchase of equipments
Notification No.32/2005 – Income Tax S.O. 133(E).— Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O.92(E) dated the 2nd February, 1996, issued under 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 9, the project of scheme for Maintenance for P.H. Bhagwati
Notification No.31/2005 – Income Tax S.O. 132(E).— Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O.224(E) dated the 16th March, 1994, issued under 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 3, the project of scheme for World Memorial Fund T.B.
Notification No.30/2005 – Income Tax S.O. 131(E).— Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O.1209(E) dated the 12lh December, 2001, issued under 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 3, the project or scheme for Skill training with
