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Income Tax : Clause 43 in Tax Audit Form No. 26 requires auditors to verify remittances reported in Part-D of Form 145. Incorrect classificatio...
Income Tax : The article explains the structure, filing requirements, and tax implications of IRS Form 1041 for trusts and estates. It highligh...
Income Tax : The Income-tax Department is increasingly relying on AI-based verification and automated reconciliation systems to detect discrepa...
Income Tax : Income Tax authorities are increasingly reopening assessments involving political donation deductions claimed under Section 80GGC....
Income Tax : Filing Income Tax Return is not always linked to tax liability. This guide explains the transaction-based conditions under Section...
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 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 : Tribunal ruled that objections relating to defective title, encroachments, and legal disputes require proper valuation examination...
Income Tax : ITAT Delhi ruled that where an assessee disputes the stamp duty valuation under Section 50C, the Assessing Officer should refer th...
Income Tax : In a commercial suit regarding specific performance, High Court had allowed a Civil Revision Petition by setting aside the order o...
Income Tax : ITAT Mumbai ruled that payments made for global brand, communications, and technology support services within the Deloitte network...
Income Tax : ITAT Mumbai held that amortization of BOT road project expenditure must be computed based on the actual concession period and not ...
Income Tax : The Income Tax Department increased monetary thresholds for assigning cases between ITOs and D/ACITs in Delhi Region. The revised ...
Income Tax : The Principal Chief Commissioner of Income Tax (Exemptions) approved the company under Section 35(1)(iia) for scientific research ...
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...
Notification: S.O.4558 Research Society of the B. J. Medical College and Sassoon General Hospital, Poona has been approved by the Indian Council of Medical Research, the prescirbed authority for the purposes of clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961 (43 of 1961).
In pursuance of sub-clause of clause (iii) of section 194A of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies the following institutions for the purposes of the said sub-clause :–
It is hereby notified for general information that the institution mentioned below has been approved by the Council of Scientific and Industrial Research, “the prescribed authority”, fo
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 :–
