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Income Tax : The scheme allows households to deposit gold and earn interest without selling it. The key takeaway is that both interest and capi...
Income Tax : The issue is whether foreign businesses without offices in China must comply with tax laws. The key takeaway is that activities an...
Income Tax : The new tax law addresses long-standing concerns over complexity by reducing provisions and simplifying language. It introduces st...
Income Tax : Preventive detention laws allow incarceration without trial based on suspicion, raising serious concerns about violation of person...
Income Tax : The case highlights how the new framework enforces stricter compliance using data analytics. It underscores that incorrect declara...
Income Tax : The issue was complexity in the existing tax law. It was clarified that the new Act simplifies structure by reducing sections and ...
Income Tax : The tax department clarified that no search or restriction was carried out against the individual. It termed the allegations basel...
Income Tax : The issue concerns massive backlog in ITAT caused by unfilled positions and delayed appointments. The intervention highlights that...
Income Tax : The audit found widespread incorrect claims of deductions for bad debts and reserves. It highlights the need for stricter verifica...
Income Tax : This webinar breaks down the major structural and conceptual changes introduced in the new Income Tax Act, 2025. It helps professi...
Income Tax : The Tribunal examined disallowance made for delayed employee contributions under Section 143(1). It held that debatable issues can...
Income Tax : The issue involved validity of penalty proceedings initiated through an unsigned notice. The Tribunal ruled that such a notice is ...
Income Tax : The case examined whether property registered in trustees’ names violated Section 13(1)(c). The Tribunal held no violation as no...
Income Tax : The case examined whether a lower TDS certificate applies prospectively or for the full year. The Court held it applies to the ent...
Income Tax : ITAT Mumbai held that payments made to third-party vendors on a cost-to-cost basis, without any value addition by the assessee, sh...
Income Tax : The consolidation into Form 121 introduces stricter documentation and reporting obligations. The decision emphasizes accountabilit...
Income Tax : A corrigendum fixes multiple drafting and referencing mistakes in income tax rules. The update ensures clarity without altering su...
Income Tax : The new tax regime introduces Form 121 as a single declaration replacing Forms 15G and 15H. It simplifies TDS exemption compliance...
Income Tax : CBDT clarified the presentation of error categories in Form U. The update ensures clearer reporting of incorrect income heads and ...
Income Tax : The corrigendum corrects technical errors in multiple ITR schedules, including CG and CYLA. It ensures accurate reporting and smoo...
In exercise of the powers conferred by sub-clause (iv) of clause (23C) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies Sri Ramkrishna Ashram, Nimpith, West Bengal, for the purpose of the said sub-clause for the assessment year 1988-89.
In exercise of the powers conferred by sub-clause (iv) of clause (23C) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies The Little Sisters of the Poor, Calcutta, for the purpose of the said sub-clause for the assessment year 1988-89.
Circular : No. 511-Income Tax The Finance Act, 1987 introduced a new section 80CCA to provide for deduction in respect of investments made under the National Savings Scheme, 1987. Corresponding amendment was made in the Wealth-tax Act to provide for exemption from wealth-tax in respect of deposits made under this Scheme.
In exercise of the powers conferred by sub-clause (b) of sub-section (2) of section 80G of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies the Sri Souriraja Perumal Temple, Thirukkannapuram, Nannilam Taluk, Tanjore Dist., to be a place of public worship of renown throughout the State of Tamil Nadu for the purposes of the said section on the condition that the temple will maintain separate books of accouns for this purpose and that the donations received will be utilised exclusively for the renovation of the temple.
In exercise of the powers conferred by clause (b) of sub-section (2) of section 80G of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies the Sri Subramanya Swamy Temple, Ulsoor, Bangalore to be a place of public worship of renown throughout the State of Karnataka for the purpose of the said section on the condition that the temple will maintain separate books of accounts for this purpose and the donations received will be utilised exclusively for the renovation of the temple
In exercise of the powers conferred by clause (b) of sub-section (2) of section 80G of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies the Arulmigu Pranava Vyagrapureeswarar Thirukoil, Omampuliyur, Kattumannarkoil Taluk to be a place of public worship of renown throughout the State of Tamil Nadu for the purpose of the said section on the condition that the temple will maintain separate books of accounts for this purpose and the donations received will be utilised exclusively for the renovation of the temple
In exercise of the powers conferred by clause (b) of sub-section (2) of section 80G of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies the Arulmigu Thillai Amman Koil, Chidambaram to be a place of public worship of renown throughout the State of Tamil Nadu for the purpose of the said section on the condition that the temple will maintain separate books of accounts for this purpose and the donations received will be utilised exclusively for the renovation of the temple.
In exercise of the powers conferred by clause (b) of sub-section (2) of section 80G of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies the Sri Laxminarsimha Swamy Temple to be a place of public worship of renown throughout the State of Andhra Pradesh for the purpose of the said section on the condition that the donations received will be utilised exclusively for the renovation of the temple and that separate accounts will be maintained for this purpose.
In exercise of the powers conferred by clause (b) of sub-section (2) of section 80G of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies the Arulmigu Pathanjaleeswarar Devasthanam, Kalnattam Puliyur, Kattumannar Koil Taluk, South Arcot District to be a place of public worship of renown throughout the State of Tamil Nadu for the purpose of the said section on the condition that the temple will maintain separate books of accounts for this purpose and the donations received will be utilised exclusively for the renovation of the temple.
In exercise of the powers conferred by sub-clause (v) of clause (23C) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies Jagadguru Sri Sankaracharya Swamigal Srimatam Samasthanam, Kancheepuram for the purpose of the said sub-clause for the assessment year 1988-89.
