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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 : ITAT Delhi held that companies owning and operating channels cannot be compared with distribution company for the purpose of trans...
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 : 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.1093 – 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 ” Khelghar Shishu Nivas O Shiksha Kendra ” for the purpose of the said section for the period covered by the assessment years 1983-84 to 1984-85
Circular No. 404-Income Tax The Cabinet Secretariat have introduced with effect from January 1, 1980 an insurance Scheme called the “Special Frontier Force Group Insurance Scheme” for the welfare of employees. The objective of the Scheme is to provide, at a low cost and on a wholly contributory and self-financing basis, the benefits of an insurance cover for the families of the employees in the event of their death
Circular No. 406-Income Tax The National Deposit Scheme was launched by the Central Government with effect from 30-7-1984. Interest on deposits under this Scheme is paid or compounded on half-yearly basis. The Central Government has amended the Scheme to provide that in respect of deposits made in financial year 1984-85, interest up to 31-3-1985 will be deemed to have accrued on 31-3-1985 even
Circular No. 405-Income Tax Under section 80C(2)(h ), an individual or Hindu undivided family or an association of persons or a body of individuals consisting only of husband and wife governed by the system of community of property in force in the Union territories of Dadra and Nagar Haveli and Goa, Daman and Diu is entitled to a deduction in respect of any sums paid in a previous year out of his or its
Notification No- S.O.1107 – Income Tax In continuation of this Office Notification No. 4589 (F. No. 203/88/82-ITA. II) dated April 27, 1982, 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 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.264 – Income Tax In continuation of this Office Notification No. 710 (F. No. 203/48/74-ITA. II, dated August 26, 1984, 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 purposes 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 ” subject to the following conditions
Notification No- S.O.263 – Income Tax In continuation of this Office Notification No. 4175 (F. No. 203/2/81-ITA. II), dated August 20, 1981, 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 purposes of clause (ii) of sub-section (1) of
Notification No- S.O.1092 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 ” Sanjay Gandhi Memorial Trust “, for the purpose of the said section for the period covered by the assessment years 1986-87 to 1987-88
Notification No- S.O.1091- 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 ” The Divine Life Society ” for the purpose of the said section for the period covered by the assessment years 1986-87 to 1988-89
Notification No- S.O.1106 -Income Tax In continuation of the Office Notification No. 3250 (F. No. 203/161/79-ITA. II) dated April 19, 1980, 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 purposes of clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961, read with rule 6 of
