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Latest Articles


​International Business- Income Tax Sections to be remembered

Income Tax : The guide compiles the principal Income-tax Act provisions applicable to non-residents establishing business in India and resident...

June 30, 2026 17651 Views 1 comment Print

Compulsory Income Tax Scrutiny Guidelines FY 2026-27: CS01–CS06 Explained

Income Tax : CBDT has identified six categories of returns for compulsory scrutiny during FY 2026-27. Selection triggers detailed examination b...

June 30, 2026 120 Views 0 comment Print

Countrywise Withholding Tax Rates: IT Act vs. Tax Treaties/DTAA

Income Tax : Tax on dividends, interest, royalties and FTS earned by non-residents is governed by the more beneficial rate under the Income-tax...

June 30, 2026 43480 Views 1 comment Print

Countrywise Withholding Tax Rates / Chart as per DTAA

Income Tax : The applicable withholding tax depends on the Income-tax Act or the relevant DTAA, whichever is more beneficial. Treaty rates diff...

June 30, 2026 454151 Views 28 comments Print

Special Tax Rates for Capital Gains/Incomes arising out of certain securities

Income Tax : The document provides a detailed summary of the special tax provisions applicable to different securities and classes of taxpayers...

June 30, 2026 3819 Views 0 comment Print


Latest News


Advance Tax Collections Grow 15.30% due to Higher Corporate Tax Payments

Income Tax : Net direct tax collections for FY 2026-27 grew by 14.64% as of June 17, 2026, driven by higher corporate and non-corporate tax rec...

June 19, 2026 264 Views 0 comment Print

Income Tax Superintendent Caught by CBI in Bribery Case Linked to PAN Deletion

Income Tax : The CBI apprehended an Income Tax Office Superintendent in Odisha after he was allegedly caught accepting a bribe for deleting a d...

June 6, 2026 6253 Views 0 comment Print

ITAT Prioritizes Old Appeals as Rising Pendency Requires Urgent Disposal Measures

Income Tax : The Income Tax Appellate Tribunal has proposed a priority disposal mechanism for appeals filed up to and including 2022 in respons...

June 5, 2026 318 Views 0 comment Print

Request for Rationalisation and Merger of TDS Return Codes 1023 & 1024

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...

June 4, 2026 1974 Views 0 comment Print

Reduce CASS 2026 Scrutiny Cases Due to New Income Tax Act Transition Challenges: ITGOA

Income Tax : Association requested CBDT to rationalize CASS 2026 case selection considering the administrative burden caused by implementation ...

May 21, 2026 4020 Views 1 comment Print


Latest Judiciary


Delhi HC Dismisses Assessment Passed Beyond Section 144C Time Limit

Income Tax : The High Court held that the assessment was time-barred as it was not completed within the mandatory period under Section 144C....

June 30, 2026 33 Views 0 comment Print

ITAT Quashes Assessment as Jurisdiction Was Not Validly Transferred Under Section 127

Income Tax : ITAT held that mere transfer of records cannot replace a valid transfer of jurisdiction under Section 127, rendering the assessmen...

June 30, 2026 36 Views 0 comment Print

Allahabad HC Dismisses Revenue Appeal as Section 148 Notice Was Issued Without Jurisdiction

Income Tax : The Court held that the Section 148 notice was invalid as it was issued by an Assessing Officer who no longer had jurisdiction....

June 30, 2026 36 Views 0 comment Print

ITAT Deletes Section 271D Penalty as AO Did Not Record Satisfaction

Income Tax : ITAT Raipur held that penalty under Section 271D could not survive where the assessment order contained no satisfaction for initia...

June 30, 2026 39 Views 0 comment Print

ESOP Deduction to Be Computed on Straight-Line Basis: ITAT Delhi

Income Tax : ITAT held that computer software is eligible for 60% depreciation and directed the AO only to verify its actual cost before comput...

June 30, 2026 39 Views 0 comment Print


Latest Notifications


CBDT Grants Five-Year Scientific Research Recognition to Public Health Foundation

Income Tax : CBDT has approved a scientific research institution under the Income-tax Act, 2025 for tax years 2026-27 to 2030-31. The notificat...

June 27, 2026 264 Views 0 comment Print

CBDT Approved University of Hyderabad for Scientific Research Tax Benefits

Income Tax : CBDT has approved the University of Hyderabad for scientific research under Section 45 of the Income-tax Act, 2025. The approval i...

June 27, 2026 126 Views 0 comment Print

CBDT Issues Complete Income Tax Scrutiny Guidelines for FY 2026-27

Income Tax : The CBDT has identified specific categories of taxpayers whose returns will be compulsorily selected for complete scrutiny during ...

June 7, 2026 50916 Views 1 comment Print

Income-Tax (Amendment) Commencement Ordinance, 2026

Income Tax : The Ordinance exempts interest income and capital gains arising from Government securities for Foreign Institutional Investors and...

June 6, 2026 924 Views 0 comment Print

CBDT Notifies Infrastructure Sub-Sectors as Eligible Businesses Under Income Tax Act 2025

Income Tax : The Central Government has specified infrastructure sub-sectors from the Updated Harmonised Master List as eligible businesses und...

June 2, 2026 726 Views 0 comment Print


Notification No. 120/2004, Dated : 26.03.2004

March 26, 2004 475 Views 0 comment Print

The notified organization shall furnish the Annual Return of its scientific research activities to the Secretary. Department of Scientific & Industrial Research, ”Technology Bhawan”, New Mehrauli Road, New Delhi-110016 for every financial year on or before 31st May of each year

Notification No. 119/2004 ,Dated : 26.03.2004

March 26, 2004 508 Views 0 comment Print

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. 118/2004, Dated : 26.03.2004

March 26, 2004 490 Views 0 comment Print

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. 117/2004 ,Dated : 26.03.2004

March 26, 2004 562 Views 0 comment Print

the assessee will not invest or deposit its fund (other than voluntary contributions received and maintained in the form of jewellery, furniture etc.) for any period during the previous years relevant to the assessment years mentioned above other wise than in any one or more of the forms or modes specified in sub-section (5) of Section 11

Notification No. 122/2004-Income Tax Dated 26/3/2004

March 26, 2004 466 Views 0 comment Print

Notification No. 122-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 “Association”

Notification No. 124/2004-Income Tax Dated 26/3/2004

March 26, 2004 415 Views 0 comment Print

Notification No. 124-Income Tax In exercise of the powers conferred by sub-clause (viic) of clause (10C) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central government hereby specifies the “Action for Food Production (AFPRO), 25/ 1A, Institutional Area, Pankha Road, ‘D’ Block, New Delhi-110 058”, registered under the Societies Registration Act

Notification No. 115/2004, Dated: 23.03.2004

March 23, 2004 466 Views 0 comment Print

It is notified for general information that the enterprise/undertaking, listed at para (3) below has been approved by the Central Government for the purpose of section 10(23G) of the Income-tax Act, 1961, read with rule 2E of the Income-tax Rules, 1962 with effect from the Asstt. Year 2002-03.

Notification No. 115/2004-Income Tax Dated 23/3/2004

March 23, 2004 550 Views 0 comment Print

Notification No. 115-Income Tax It is notified for general information that the enterprise/undertaking, listed at para (3) below has been approved by the Central Government for the purpose of section 10(23G) of the Income-tax Act, 1961, read with rule 2E of the Income-tax Rules, 1962 with effect from the Asstt. Year 2002-03.

Notification No. 114/2004, Dated : 19.03.2004

March 19, 2004 382 Views 0 comment Print

whereas, the National Committee for the Promotion of Social and Economic Welfare, being satisfied that the said project or scheme is being executed properly, made a further recommendation under sub-rule (5) of rule 11M of the Income-tax Rules

Notification No. 113/2004 ,19.03.2004

March 19, 2004 484 Views 0 comment Print

whereas the National Committee for Promotion of Social and Economic Welfare, being satisfied that the said project or scheme is being executed properly, made a further recommendation under sub-rule (5) of rule 11M of the Income-tax Rules. 1962 for specifying the said project or scheme for a further period of three years

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