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Income Tax : The article clarifies that the CBDT's 4 June 2026 instruction governs six categories of compulsory manual scrutiny and is distinct...
Income Tax : The article explains how India's Place of Effective Management (POEM) rules may treat a foreign company as an Indian tax resident ...
Income Tax : From 1 April 2026, TDS and TCS compliance shifts to new form numbers and section references under the Income-tax Act, 2025. Busine...
Income Tax : Understand who must undergo a tax audit under Section 44AB, the applicable turnover limits, audit forms, filing procedure, due dat...
Income Tax : Income may become tax-free under the new tax regime because of the standard deduction and Section 87A rebate, but ITR filing may s...
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...
Income Tax : The CBI apprehended an Income Tax Office Superintendent in Odisha after he was allegedly caught accepting a bribe for deleting a d...
Income Tax : The Income Tax Appellate Tribunal has proposed a priority disposal mechanism for appeals filed up to and including 2022 in respons...
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...
Income Tax : Association requested CBDT to rationalize CASS 2026 case selection considering the administrative burden caused by implementation ...
Income Tax : The ITAT Mumbai held that reassessment proceedings initiated on the basis of information arising from a search in the case of a th...
Income Tax : The Tribunal ruled that although CSR expenditure is not allowable under Section 37, eligible donations made to recognised institut...
Income Tax : The Tribunal held that penalty under Section 271D could not be levied because the Assessing Officer failed to record satisfaction ...
Income Tax : The Tribunal held that penalties under Sections 271D and 271E could not be sustained because the Assessing Officer failed to recor...
Income Tax : Smt. Pavithra Sugichandran Vs Office of the DCIT (Madras High Court) The Madras High Court considered six writ petitions challengi...
Income Tax : The CBDT has identified specific categories of taxpayers whose returns will be compulsorily selected for complete scrutiny during ...
Income Tax : The Ordinance exempts interest income and capital gains arising from Government securities for Foreign Institutional Investors and...
Income Tax : The Central Government has specified infrastructure sub-sectors from the Updated Harmonised Master List as eligible businesses und...
Income Tax : CBDT has granted scientific research approval under the Income-tax Act, 2025, enabling eligible donations to qualify for tax benef...
Income Tax : CBDT has granted scientific research approval under the Income-tax Act, 2025, allowing eligible donations to qualify for tax benef...
Notification No. S.O.395(E)-Income Tax In exercise of the powers conferred by clause (iib) of the proviso to section 193 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies “7-year 13% (taxable) Secured Redeemable Non-Convertible Bonds”, issued by the Housing and Urban Development Corporation Limited, for the purpose of the said clause
Notification No. S.O.373(E)-Income Tax In exercise of the powers conferred by sub-section (1) of section 269(B) of the Income-tax Act, 1961 (43 of 1961), and in partial modification of all the earlier notifications issued on the subject, the Central Government hereby authorises every Deputy Commissioner of Income-tax to perform the functions of a competent authority under Chapter XX-A of the said Act, in place of the Inspecting Assistant Commissioners of Income-tax
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 Sri Bala Murugan Devasthanam Trust, Ahmedabad for the purpose of the said sub-clause for the assessment year 1987-88 and 1988-89. [No. 7846/F.No. 197/101/87-IT (A1).
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 Arulmigu Chinthamaninathaswami Temple, Vasudevanallur, Tamil Nadu for the purpose of the said sub-clause for the assessment year 1985-86 to 1988-89. [No. 7847/F.No. 197A/198/82-IT (A1)
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 Sri Devarajaswamy Devasthanam, Kanchipuram, Tamil Nadu for the purpose of the said sub-clause for the assessment year 1985-86 to 1988-89. [No. 7848/F.No. 197/94/86-IT (A1)
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 Dohnavur Followship, Tamil Nadu for the purpose of the said sub-clause for the assessment year 1985-86 to 1988-89. [No. 7849/F.No. 197/174/87-IT (A1)
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 (i) Sri Sarada Math, Calcutta and (ii) Ramakrishna Sarada Mission, Calcutta for the purpose of the said sub-clause for the assessment year 1988-89. [No. 7850/F.No. 197/64/88-IT (A1)
That the said Institution will submit to the prescribed authority by 30th June, each year, a copy of their audited annual accounts showing their income and expenditure and balance-sheet showing its assets and liabilities with a copy of each of these documents to the Central Board of Direct Taxes, New Delhi, and the concerned Commissioner of Income-tax.
That the said Association will apply to Central Board of Direct Taxes, Ministry of Finance (Department of Revenue), New Delhi, 3 months in advance before the expiry of the approval for further extension. Applications received after the date of expiry of approval are liable to be rejected.
Notification No. S.O.1490-Income Tax In exercise of the powers conferred by sub-sections (1) and (2) of section 120 of the Income-tax Act, 1961 (43 of 1961), and in exercise of the powers conferred on me by Government of India, Central Board of Direct Taxes, New Delhi, Notification No. 7842 in f. No. 279/17/88-ITJ/S. O. 361 (E), dated 30th March, 1988, I, the Chief Commissioner of Income-tax (Administration), Calcutta, hereby
