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Income Tax : An analysis of capital and revenue receipts under tax law, explaining classification, taxability, judicial tests, and key practica...
Income Tax : Avoid common AY 2026-27 ITR filing errors, including deadline confusion, capital gains mistakes, AIS mismatches, and missed e-veri...
Income Tax : The Tribunal held that CIT(A) cannot enhance income under Section 251 on matters not considered by the Assessing Officer during as...
Income Tax : A comprehensive guide explaining taxation of house property income, annual value computation, deemed ownership, and deductions und...
Income Tax : A detailed guide explaining appellate procedures, drafting of grounds of appeal, and preparation of Statement of Facts under Incom...
Income Tax : The updated TDS challan system reportedly displays incorrect interest-related options under the Company Deductee category. Taxpaye...
Income Tax : The data shows a steady increase in net direct tax collections driven by higher corporate and non-corporate tax revenues. It highl...
Income Tax : The issue highlights delays caused by non-binding timelines in appellate proceedings. It proposes mandatory limits to ensure faste...
Income Tax : The issue was complexity in the existing tax law. It was clarified that the new Act simplifies structure by reducing sections and ...
Income Tax : The tax department clarified that no search or restriction was carried out against the individual. It termed the allegations basel...
Income Tax : ITAT Delhi upheld deletion of disallowance under Section 40A(3) after finding that payments were made to multiple labourers and no...
Income Tax : ITAT Delhi confirmed deletion of addition on alleged diversion of interest-bearing funds, holding that hypothetical or notional in...
Income Tax : The High Court held that adjustment of refunds beyond 20% of disputed tax demand during pendency of appeal was unsustainable witho...
Income Tax : ITAT Indore set aside the appellate order denying TDS credit after the assessee produced Form 16A and Form 26AS showing deduction ...
Income Tax : The ITAT Ahmedabad held that a demolished and uninhabitable structure could not be treated as a residential house for Section 54F ...
Income Tax : The consolidation into Form 121 introduces stricter documentation and reporting obligations. The decision emphasizes accountabilit...
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...
In the Income-tax (Sixth Amendment) Rules, 1968, published under notification of the Central Board of Direct Taxes No. S.O. 3494, dated the 25th September, 1968, on pages 1083 to 1087 of the Gaze
Notification: S.O.4091 In exercise of the powers conferred by sub-section (23) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies Badminton as one of the games for the purposes of the said sub-section
Notification: S.O.4090 Sri Subramaniyaswamy Devasthananam, Tiruthani Central Government hereby notifies the under-mentioned temple to be a place of public worship of renown throughout the State of Madras for the purpose of the said section.
In pursuance of clause (i) of the proviso to sub-section (2) of section 280ZB and of clause (i) of the proviso to sub-section (5) of section 280ZB of the Income-tax Act, 1961 (43 of 1961), t
Notification: S.O.3495 This Notification contains amendment to Income-tax (Seventh Amendment) Rules, 1968 carried out on 26th September, 1968 not reproduced here as it is already contained in the body of the Rules itself
This Notification contains amendment to Income-tax (Sixth Amendment) Rules, 1968 carried out on 25th September, 1968 not reproduced here as it is already contained in the body of the Rules itself
The following modification in the Income-tax Rules, 1962, which the Houses of Parliament have made in exercise of the powers conferred by section 296 of the Income-tax Act, 1961 (43 of 1961), is hereby published for general information :–
Notification: S.O.2883 This Notification contains amendment to Income-tax (Fifth Amendment) Rules, 1968 carried out on 24th August, 1968 not reproduced here as it is already contained in the body of the Rules itself.
Notification: S.O.2984 Vedhashala Astronomical Observatory, Ahmedabad -It is hereby notified for general information that the institution mentioned below has been approved by the Council of Scientific and Industrial Research
Notification: S.O.2751 This Notification contains amendment to Income-tax (Fourth Amendment) Rules, 1968 carried out on 2nd August, 1968 not reproduced here as it is already contained in the body of the Rules itself
