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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 court examined whether NHRC can direct investigations unrelated to human rights violations. It held that such actions may exce...
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 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.4174-Income Tax In exercise of the powers conferred by sub-section (2)(b) of section 80G of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies Sri Lakshmi Venkateswaraswamy Temple, Devuni, Cuddapah, to be a place of public worship of renown throughout the State of Andhra Pradesh.
Notification No. S.O.4173-Income Tax In exercise of the powers conferred by sub-section (2)(b) of section 80G of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies Shri Martand Deo Sansthan, Jejuri, to be a place of public worship of renown throughout the State of Maharashtra.
Notification No. S.O.3994-Income Tax In exercise of the powers conferred by clause (v) of sub-section (23C) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies Shri Anandpur Trust for the purpose of the said section for the period covered by the assessment years 1981-82 and 1982-83.
Notification S.O.3993-Income Tax In exercise of the powers conferred by clause (v) of sub-section (23C) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies Sri Vedantha Desikar Devasthanam, Mylapore, for the purpose of the said section for the period covered by the assessment years 1982-83 to 1984-85.
Notification No. S.O.653(E)-Income Tax In exercise of the powers conferred by clause (4B) of section 10 of the Income-tax Act, 1961 (43 of 1961), clause (xvi-c) of sub-section (1) of section 5 of the Wealth-tax Act, 1957 (27 of 1957), and clause (ii-d) of sub-section (1) of section 5 of the Gift-tax Act, 1958 (18 of 1958), the Central Government hereby specifies the National Savings Certificates VI and VII Issues as the savings
Notification No. S.O.4294-Income Tax In exercise of the powers conferred by clause (iv) of sub-section (23C) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies Kerala Gandhi Smarak Nidhi for the purpose of the said section for the period covered by the assessment years 1980-81 to 1982-83.
Notification No. S.O.4293-Income Tax In exercise of the powers conferred by clause (iv) of sub-section (23C) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies Hindusthan Charity Trust, 1959, for the purpose of the said section for the period covered by the assessment years 1981-82 and 1982-83.
Notification No. S.O.4292-Income Tax In exercise of the powers conferred by clause (iv) of sub-section (23C) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies Indian Council of Child Welfare for the purposes of the said section for the period covered by the assessment year 1982-83.
Notification No. S.O.3992-Income Tax In exercise of the powers conferred by clause (v) of sub-section (23C) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies Kumbakonam Diocese Society, Kumbakonam, for the purpose of the said section for the period covered by the assessment years 1979-80 to 1982-83.
Notification No. S.O.4291-Income Tax In exercise of the powers conferred by clause (iv) of sub-section (23C) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies Shraddhanand Mahilashram for the purpose of the said section for the period covered by the assessment years 1976-77 to 1982-83.
