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Income Tax : The reform replaces dividend-based taxation with capital gains to ensure only real income is taxed. It removes the distortion of t...
Income Tax : The update outlines revised compliance forms, timelines, and penalties under the new rules. It highlights a structured transition ...
Income Tax : This highlights the ambiguity in classifying AI-generated income under existing tax provisions. It explains how classification imp...
Income Tax : The issue is frequent additions arising from poor handling of notices. It highlights that improper or incomplete responses lead to...
Income Tax : Establishes that higher tax burdens on promoters under the new regime require companies to reassess payout strategies. The takeawa...
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 government replaced the six-decade-old law with the Income-tax Act, 2025. The reform aims to simplify compliance through clear...
Income Tax : CBDT signed a record number of APAs to provide clarity on transfer pricing and reduce disputes. The framework ensures advance dete...
Income Tax : The Supreme Court held that the Kerala Agricultural Income Tax Act does not allow an amalgamated company to claim losses of the am...
Income Tax : A three-day delay in filing an appeal was rejected by CIT(A), but the tribunal held that minor delays should not defeat justice. T...
Income Tax : The Tribunal held that reopening under Section 147 was invalid where it was based on third-party search material. It ruled that Se...
Income Tax : Transfer of passive infrastructure (PI) assets under a court-approved scheme of demerger without consideration qualified as a gift...
Income Tax : The Tribunal held that a development agreement granting only a limited license for construction does not constitute transfer under...
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...
Notification: S.O.1967 Central Government hereby notifies (i) Indian Naval Benevolent Association (ii) Indian Naval Association Fund and (iii) Naval Officer’s Contributory Education Fund for the purpose of the said section for and from the assessment year 1962-63.Notification: S.O.1967
Notification: S.O.2127 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 Lakshmi Narasimha Swamy Devasthanam, Yadagirigutta” for the purpose of the said section for and from the assessment year(s) 1976-77
Notification: S.O.1397 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 Laxminarcinva Devalaya, Margao-Goa, to be a place of public worship of renown throughout the Union Territory of Goa for the purposes of the said section.
Notification: S.O.2042 Central Government hereby notifies “Mar Ignatious Dayara” for the purpose of the said section for and from the assessment year(s) 1977-78.
Notification: S.O.1966 (i) that the Harcourt Butler Technological Institute, Kanpur, will maintain a separate account of the sums received by it for scientific research in the field of natural or applied sciences (other than agriculture/animal husbandry/fisheries and medicines). (ii) that the said institute will furnish the annual return of its scientific activities to the prescribed authority for every financial year in such forms as may be laid down and intimated to them for this purpose, by 30th April, each year.
Notification: S.O.1869 Central Government hereby notifies Shri Gajanan Maharaj Sansthan Shegaon, for the purpose of the said section for and from the assessment year(s) 1974-75.
Notification: S.O.1581 (i) That the institution will maintain a separate account of the sums received by it for scientific research in the field of medical research. (ii) That the institution will furnish annual returns of its scientific research activities to the Council for each financial year by 15th May each year at the latest in such form as may be laid down and intimated to them for this purpose.
Notification: S.O.1500 (1) That the institution will maintain a separate account of the sums received by it for scientific research in the field of medical research. (2) That the institution will furnish annual returns of its scientific research activities to the Council for each financial year by 15th May, each year at the latest, in such form as may be laid down and intimated to them for this purpose.
Notification: S.O.706 Central Government hereby notifies Special Fund for Reconstruction and Rehabilitation of Ex-servicemen, Assam, for the purpose of the said section for and from the assessment year(s) 1976-77. [No. 2185/F. No. 197/140/77-IT(AI)
Notification: S.O.705 Central Government hereby notifies National Foundation for Teachers’ Welfare for the purposes of the said section for the assessment years 1974-75 and 1975-76 also.
