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Income Tax : Transporters can avoid TDS deduction by submitting a declaration confirming ownership of not more than ten goods vehicles. The key...
Income Tax : Highlights that selecting the incorrect portal tab can lead to data mismatches and filing errors. Emphasizes the need to use the c...
Income Tax : Explains how commission-driven incentives in banks lead to mis-selling of financial products. Highlights the need for structural r...
Income Tax : ITAT held that additions based solely on third-party search material without independent evidence or cross-examination are invalid...
Income Tax : A new digital framework is suggested to replace manual Form 121 processes and streamline TDS exemption declarations. The proposal ...
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 : A representation seeks doubling the SMC threshold due to inflation and higher dispute values. The key takeaway is that increasing ...
Income Tax : The Supreme Court declined to condone delay, thereby upholding the High Court’s conclusion that the liaison office did not const...
Income Tax : The judgment confirms that income from offshore equipment supply is not taxable where transactions occur outside India. The liaiso...
Income Tax : The Tribunal held that lack of awareness of the assessment order and limited knowledge of tax law constituted sufficient cause for...
Income Tax : The Tribunal confirmed addition of unexplained investments where the assessee could not substantiate the source of deposits. The r...
Income Tax : The Tribunal held that wage arrears arising from pay revision constitute an accrued liability from the effective date. The provisi...
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...
Income Tax : CBDT corrected multiple clerical and structural errors across income tax return schedules. The changes ensure accurate reporting a...
This notification contains Amendment to Income-tax Act carried out on October 17, 1979 not reproduced here as it is already contained in the body of the Act itself.
That the Association will furnish an annual audited statement of accounts to the Council for each financial year by 31st May each year and in addition send a copy of it to the concerned Income-tax Commissioner.
This notification contains Amendment to Income-tax Act 1961 carried out on 10th October 1979 not reproduced here as it is already contained in the body of the act itself
That the Association will furnish annual returns of its scientific research activities to the Council for each financial year by 31st May each year at the latest in such form as may be laid down and intimated to them for this purpose.
Notification: S.O.3806 Section(s) Referred: 10 ,10(23C) ,10(23C)(v) Statute: INCOME TAX Date of Issue: 3/10/1979 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 ‘Nilgiris Diocesan Society, Ootacamund’ for the purpose of the said section for the assessment years 1977-78, 1979-79 […]
hat the Centre shall send annual statement of accounts and annual report to the I.C.S.S.R. as well as to the concerned Commissioner of Income-tax showing the funds collected by them under the exemption and the manner in which the funds were utilized.
This notification contains Amendment to Income-tax Act carried out on September 17, 1979 not reproduced here as it is already contained in the body of the Act itself.
Circular No. 262-Income Tax It has been brought to the notice of the Central Board of Direct Taxes that notwithstanding the amendment of section 221 through section 53 of the Taxation Laws (Amendment) Act, 1975, adding specific Explanation to the effect that penalty under section 221 will be exigible even in a case where the tax is paid after the due date but before
In exercise of the powers conferred by section 245B of the Income-tax Act 1961 (43 of 1961) and in supersession of the notification of the Government of India in the Department of Revenue and Banking No. G.S.R. 310(E) dated the 30th April 1976, the Central Government hereby
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 Catholic Mission of Western Bengal for the purpose of the said section for a period of three assessment year 1977-78 to assessment year 1979-80.
