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Income Tax : The article outlines practical methods through which business owners and professionals can legally minimise their tax burden. It h...
Income Tax : Section 54 grants exemption on long-term capital gains from the sale of a residential house because the proceeds are reinvested in...
Income Tax : The Income-tax Act mandates e-payment of direct taxes for companies and taxpayers covered under Section 44AB, while others may opt...
Income Tax : Form 16 and Form 16A serve distinct purposes under the TDS framework, with Form 16 relating to salary income and Form 16A covering...
Income Tax : Permanent Account Number (PAN) serves as a unique identifier enabling the Income-tax Department to track tax payments, returns, TD...
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 Mumbai ITAT held that an addition under section 69 cannot survive when the Revenue fails to establish that the alleged investm...
Income Tax : ITAT Lucknow held that disallowance of interest expenses cannot be sustained without evidence showing that interest-bearing funds ...
Income Tax : SC dismissed Revenue’s plea after Gujarat HC held that even proposed additions would not alter MAT liability, defeating escapeme...
Income Tax : The Tribunal held that the assessee was entitled to additional interest under Section 244A(1A) because the Assessing Officer faile...
Income Tax : The Tribunal held that once Second Line Support services were examined and covered under an Advance Pricing Agreement, disallowanc...
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. 267-Income Tax I am to invite your attention to this Office Letter No………..regarding deduction of income-tax and surcharge from interest on Government securities during the financial year 1979-80.
Circular No. 266-Income Tax I am directed to invite a reference to this Ministry’s (Department of Revenue) Circular No. 252 [F. No. 275/16/79/-IT(B], dated 26-4-1979/10-5-1979 on the subject of deduction of income-tax from salaries paid during the year 1979-80.
Notification No. S.O.1830-Income Tax It is hereby notified for general information that the approval given under section 35(1)(ii) of the Income-tax Act, 1961, to the Protein Foods & Nutrition Association of India, Bombay, by notification No. 494/F. No. 203/38/73ITA-II with effect from 8-11-1973 is withdrawn with effect from 17-3-1980 on the recommendation of the prescribed authority, the Secretary, Department of Science & Technology, New Delhi.
It is hereby notified for general information that the institution mentioned below has been approved by the Secretary, the Department of Science & Technology, New Delhi, the prescribed authority for the purposes of clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961, read with rule 6(iv) of the I. T. Rules, 1962, under the category of “Association” in the area of other natural or applied sciences, subject to the following conditions.
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 Kurukshetra Development Board, Kurukshetra, for the purpose of the said section for the assessment year(s) 1969-70 to 1980-81.
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 Srirangam Srimad Andavan Periasramam for the purpose of the said section for the assessment year 1980-81.
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 Gita Bhawan Trust, Moga, for the purpose of the said section for the assessment year(s) 1978-79, 1980-80 and 1980-81.
Circular No. 265-Income Tax In Board’s Circular No. 261 dated 8-8-1979 [Clarification 1] it was stated that the Reserve Bank of India has requested the authorised public sector banks to “brand” the challan with the “inward receipt stamp” which should, inter alia, contain the date of tender of the cheque/draft and the date of its realisation.
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 Church, Balasinor, for the purpose of the said section for the assessment year(s) 1977-78 to 1980-81.
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 Church, Cambay, for the purpose of the said section for the assessment year(s) 1977-78 to 1980-81.
