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Income Tax : Increasing use of RERA data by tax authorities makes alignment between project disclosures and income tax reporting essential to a...
Income Tax : Taxpayers are facing confusion following the introduction of the Income-tax Act, 2025. The key clarification is that income earned...
Income Tax : The issue concerns whether declaring profits below the presumptive rate automatically triggers tax audit or whether turnover thres...
Income Tax : The case demonstrates how an incorrect exemption claim based on Form 16 led to scrutiny and penalty proceedings. The Tribunal ulti...
Income Tax : This article explains the advance tax provisions under the Income-tax Act, including liability thresholds, exemptions, and instalm...
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 : KSCAA requested the CBDT to release e-filing utilities and schemas for AY 2026-27 without delay, stating that pending utilities ar...
Income Tax : The Court held that, for assessment year 2009-10, filing the audit report along with the return was directory and not mandatory. D...
Income Tax : The Chennai ITAT held that the Pr. CIT could not invoke Section 263 on matters already under consideration before the appellate au...
Income Tax : The Chennai ITAT held that excess stock found during a survey could not be taxed as unexplained investment when it had been accoun...
Income Tax : The Tribunal upheld the disallowance of a ₹10 lakh deduction after the recipient political party informed the tax authorities th...
Income Tax : The Tribunal upheld the denial of deduction under Section 80GGC after finding that the political donation formed part of an allege...
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...
Circular No. 363 – Income Tax I am directed to say that the Board has considered the question whether interest on house building advance taken by the Central Government servants under the House Building Advance Rules of the Ministry of Works & Housing can be allowed as deduction when the interest becomes due or when it is actually paid
Notification No- G.S.R.504(E) – Income Tax In exercise of the powers conferred by sub-clause (iii) of clause (c) of Explanation 1 to sub-section (1) of section 54E of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies that the National Rural Development Bonds (Second Issue) specified under clause (b) of rule 4 of the Public Debt Rules, 1946, in the notification of the
Notification No- G.S.R.502(E) – Income Tax In pursuance of sub-clause (iii) of clause (c) of Explanation 1 to sub-section (1) of section 54E of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies the issue of the National Rural Development Bonds (Second Issue) with effect from the 7th July, 1983.
Circular No. 362 – Income Tax I am directed to invite a reference to this Ministry’s Circular No. 342 [F.No. 275/16/82-IT(B)], dated 19-5-1982 and corrigendum of even number dated 14-9-1982 wherein the rates of income-tax deduction during the financial year 1982-83 from the payments of income-tax chargeable under the head “Salaries” under section 192 were intimated
Notification No- S.O.2947 – Income Tax 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 Spastics Society of Eastern India, for the purpose of the said section for the period covered by the assessment years 1983-84 to 1985-86
Circular No. 361 – Income Tax I am directed to invite a reference to this Department’s Circular No. 340 [F. No. 275/20/82-IT(B)], dated 6-5-1982 wherein the rates at which the deduction of income-tax was to be made during the financial year 1982-83 from payments of income by way of insurance commission under
Notification No- S.O.2419 – Income Tax 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 Shri Omkareshwar Deosthan Trust, Pune, for the purpose of the said section for the period covered by the assessment years 1981-82 to 1983-84
Notification No- S.O.2418 – Income Tax 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 T.V.S Charities Trust for the purpose of the said section for the period covered by the assessment years 1982-83 to 1983-84.
Notification No- S.O.388(E) – Income Tax In pursuance of clause (b) of rule 6 of Part A of the Fourth Schedule to the Income-tax Act, 1961, (43 of 1961), and in supersession of the notification of the Government of India, Ministry of Finance (Department of Revenue) No. S. O. 676(E), dated the 1st September, 1981, the Central Government hereby fixes with immediate effect 9 1/2 per cent. as the rate referred to in the said clause (b).
Notification No- S.O.2732 – Income Tax 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 Shree Dholi Satiji Mandir, Fatehpur (Rajasthan), to be a place of public worship of renown throughout the State of Rajasthan
