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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 exercise of the powers conferred by sub-section (6) of section 88 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies Sri Dharmasamvardhinisametha Sri Kailasanathaswami Temple, Kambarasanpettai, Tiruchirapalli, Madras State, to be a place of public worship of renown throughout the Madras
In exercise of the powers conferred by sub-section (6) of section 88 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies the undermentioned temples to be places of
Notification: S.O.2382 In exercise of the powers conferred by section 2 of the Finance Act, 1967 (12 of 1967), read with clause (d) of sub-section (5) of section 2 of the Finance Act, 1966 (13 of 1966), the Central Board of Direct Taxes hereby makes the following rules, namely :—
In exercise of the powers conferred by sub-section (6) of section 88 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies Sri Narasimhaswami Devasthanam Temple, Namakkal, Salem Distt, Madras State, to be a place of public worship of renown throughout the Madras State for the purpose of the said section
Notification: S.O.2247 Birla Planetarium and Astronomical Research Centre, Calcutta It is hereby notified for general information that the institution mentioned below has been approved by the Council of Scientific and Industrial Research
In exercise of the powers conferred by section 126 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby deletes Serial Nos. 2B and 49 and the entries thereagainst from the Schedule annexed to its Notification S.R.O. 1214 (No. 44 Income-tax), dated the 1st July, 1952
In exercise of the powers conferred by sub-section (3) of section 104 of the Income-tax Act, 1961 (43 of 1961), the Central Government being of opinion that it is necessary and ex
In the notification of the Central Board of Direct Taxes No. S.O. 598, dated 13th February, 1967, published on pages 447 to 454 in Part II — Section 3 — Sub-section (ii) of the Gazette of India, Extraordinary, dated the 15th February, 1967 —
Notification: S.O.1949 This notification contains amendments to Income-tax Rules carried out on 29th May, 1967 not reproduced here as it is already contained in the body of the rules itself
In exercise of the powers conferred by sub-section (6) of section 88 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies Sri Mogileswara Swamy Temple Trustee Board, Mogili, Andhra Pradesh, to be a place of public worship of renown throughout the Andhra Pradesh for the purpose of the said section
