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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...
Notification: S.O.3886Section(s) Referred: 35 ,35(1) ,35(1)(ii) It is hereby notified for general information that the approval given under section 35(1)(ii) of the Income-tax Act, 1961, to the Rose Foundation, Bombay, by notification No. 86 (F. No. 203/26/71–ITA. II) with effect from 10-5-1972 is withdrawn with effect from 21-3-1977 on the recommendation of the prescribed authority, the Indian Council of Medical Research, New Delhi.
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 Asian Institute for Rural Development, Bangalore, for the purposes of the said section for and from the assessment year 1977-78.
This notification contains Amendment to Income-tax (Fourth Amendment) Rules, 1977 carried out on August 27, 1977 not reproduced here as it is already contained in the body of the Rules itself
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 Kailash Ashram Mahasamsthan Trust, Kenchanahalli, Bangalore, for the purposes of the said section for and from the assessment year 1977-78.
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 Arulmighu Dhandayuthapaniswami Thirukkoil, Palani, for the purpose of the said section for and from the assessment year(s) 1972-73.
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 Nathdwara Temple Board, Nathdwara for the purpose of the said section for and from the assessment year(s) 1962-63.
It is hereby notified for general information that in Notification No. 121 (F. No. 10/85/68–ITAII), dated 22-11-1968. This notification contains Corrigendum to Income-tax Act, 1961 carried out on 16-8-1977 not reproduced here as it is already contained in the body of the act itself
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 Subramaniaswamy Devasthanam, Tiruttani, for the purpose of the said section for and from the assessment year(s) 1971-72.
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 notifies Shri Shiroor Mutt, Udipi, South Kanara, for the purpose of the said section for and from the assessment year(s) 1962-63.
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 Sode Vadiraja Mutt, Udipi (S.K.), for the purpose of the said section for and from the assessment year(s) 1962-63.
