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Income Tax : Key mistakes taxpayers should avoid when choosing between old and new tax regimes for FY 2026-27, including deductions, deadlines,...
Income Tax : ITAT Kolkata remands case on disallowance of subcontractor expenses, stressing need for evidence, due diligence, and verification ...
Income Tax : The new law introduces a structured framework for NPO registration, income application, and taxation. It simplifies compliance but...
Income Tax : Form 41 is now compulsory for non-residents claiming DTAA benefits, replacing Form 10F. The update mandates online filing and ensu...
Income Tax : Notices are increasingly triggered by AIS/TIS mismatches and automated systems. Accurate reporting and reconciliation are key to a...
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 government replaced the six-decade-old law with the Income-tax Act, 2025. The reform aims to simplify compliance through clear...
Income Tax : The issue was whether a reassessment notice issued by a jurisdictional officer instead of a faceless officer is valid. The Court h...
Income Tax : The Tribunal held that addition under Section 41(1) cannot be made without proof of actual cessation of liability. It found that m...
Income Tax : The Tribunal ruled that surrender of tenancy rights occurs only upon receiving new property possession. As possession was given la...
Income Tax : The issue involved taxing capital gains from a development agreement in multiple years. The court held the same income cannot be t...
Income Tax : The Tribunal held that enhancement of income without issuing notice under section 251(2) is invalid. Such action violates principl...
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...
It is hereby notified for general information that the institution mentioned below has been approved by the Ministry of Agriculture & Irrigation (Department of Agriculture), the prescribed authority for the purposes of clause (a) of sub-section (1) of section 35C of the Income-tax Act, 1961. This notif
Notification: S.O.2128 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 “Shree Samsthan Kokarn Partagali Jeevottam Mutt” for the purpose of the said section for and from the assessment year(s) 1971-72.
Notification: S.O.2045 Central Government hereby notifies Shri Jain Swetamber Nakoda Paraswanath Tirath, Mewanagar for the purpose of the said section for and from the assessment year(s) 1976-77.
Notification: S.O.1988 (i) that the Institution of Surveyors, New Delhi, 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 Institution will furnish the annual return of its scientific research 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.1977 Central Government hereby notifies Dakshinee for the purpose of the said section for and from the assessment years 1976-77.
Notification: S.O.1584 The funds collected by the Kalakshetra, Madras, under this exemption will be utilised exclusively for promotion of research in social sciences. (ii) That the institute shall maintain separate accounts of the funds collected by them under the exemption.
Notification: S.O.2219 It is hereby notified for general information that the institution mentioned below has been approved by the Indian Council of Agricutural Research, the prescribed authority for the purposes of clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961. Institution
Notification: S.O.2585 It is hereby notified for general information that the approval given under section 35(1)(ii) of the Income-tax Act, 1961, to Industrial & Scientific Research Association, Madras, by notification No. 2875 (F. No. 10/105/65–ITA. II) dated 6th September, 1965, is withdrawn with effect from 11th February, 1978
Notification: S.O.1975 Central Government hereby notifies The Bombay Society for the Prevention of Cruelty to Animals including the Bai Sakarbai Dinshaw Petit Hospital for Animals for the purpose of the said section for and from the assessment year(s) 1977-78.
Notification: S.O.1870 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
