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Income Tax : The Finance Act, 2024 has inserted a new section, 194T, for TDS deduction by partnership firms/Limited Liability Partnerships (LLP...
Income Tax : The framework outlines mandatory disclosures and timelines for opting into safe harbour. Key takeaway: strict compliance is essent...
Income Tax : The new form consolidates multiple income disclosures into one, enabling accurate TDS deduction. Key takeaway: unified reporting r...
Income Tax : A detailed overview of updated TDS provisions mapping old and new sections, rates, and thresholds. Helps taxpayers understand comp...
Income Tax : The Tribunal held that additions cannot stand without a clear link between seized material and the assessee. It ruled that third-p...
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 : Court held that penalty under Section 270A cannot apply where assessed income does not exceed processed income. Key takeaway: stat...
Income Tax : The Tribunal held that the assessee had adequately explained the source of cash deposits with supporting evidence. Addition under ...
Income Tax : The tribunal ruled that reliance only on an investigation report without independent evidence cannot justify treating LTCG as bogu...
Income Tax : The Tribunal held that industrial tariff charged by electricity boards is the correct benchmark for CPP transactions. It rejected ...
Income Tax : The Court held that reassessment proceedings must be initiated within the statutory time limit. It found the notice issued after t...
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...
Notification No- S.O.4745 – Income Tax In continuation of this office notification No. 5701 (F. No. 203/10/84–ITA. II) dated 7-3-1984, it is hereby notified for general information that the Institution mentioned below has been approved by the Department of Science & Technology, New Delhi, the prescribed authority for the purposes of clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961, read with rule 6 of
Notification No- S.O.4027 – Income Tax In continuation of this Office Notification No. 6047 (F. No. 203/46/84–ITA. II) dated 21-11-1984, it is hereby notified for general information that the ” Institution ” mentioned below has been approved by the Department of Science & Technology, New Delhi, the prescribed authority for the purposes of clause (iii) of sub-section (1) of section 35 (Thirty five/One/Three) of the Income-tax
Notification No- S.O.4242 – Income Tax 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 ” Arya Vaidya Sala, Kottakkal (Kerala) “, for the purpose of the said section for the period covered by the assessment years 1986-87 to 1988-89
Notification No- S.O.4215 – Income Tax In continuation of this office notification No. 5434 (F. No. 203/154/83–ITA. II) dated 22-10-1983, it is hereby notified for general information that the Institution mentioned below has been approved by the Department of Science and Technology, New Delhi, the prescribed authority for the purpose of clause (ii) of sub-section (1) of section 35 (Thirty-five/one/two) of the Income-tax Act
Notification No- S.O.4026 – Income Tax It is hereby notified for general information that the approval granted to Poona Medical Foundation, Poona, under section 35(1)(ii) of the Income-tax Act, 1961, vide Ministry of Finance (Department of Revenue and Insurance) Notification No. 511 (F. No. 203/57/73–ITA. II) dated December 4, 1973, is hereby restricted upto 31-3-1986
Notification No- S.O.4025 – Income Tax It is hereby notified for general information that the approval granted to Food Marketing Centre of the Xavier Labour Relations Institute, Jamshedpur, under section 35(1)(ii) of the Income-tax Act, 1961, vide Ministry of Finance (Department of Revenue and Insurance) Notification No. 165 (F. No. 203/26/72–ITA. II) dated August 28, 1972, is hereby withdrawn with effect from
Notification No- S.O.4379 – Income Tax In continuation of this office notification No. 6108 (F. No. 203/217/83–ITA. II) dated 14-1-1985, it is hereby notified for general information that the institution mentioned below has been approved by the Department of Science & Technology, New Delhi, the prescribed authority for the purposes of clause (ii) of sub-section (1) of section 35 (Thirty-five/one/two) of the Income-tax Act
Notification No- S.O.529(E) – Income Tax In exercise of the powers conferred by section 295, read with section 80U, 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- S.O.4253 – Income Tax 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 ” D. A. V. College Managing Committee “, for the purpose of the said section for the period covered by the assessment years 1984-85 to 1986-87
Notification No- S.O.4252 – Income Tax 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 ” Kasthurba Gandhi Kanya Gurukulam, Vedaraniam, Thanjavur District “, for the purpose of the said section for the period covered by the assessment years 1984-85 to 1986-87
