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Income Tax : Resident taxpayers holding foreign assets or financial interests may be required to file returns and disclose such assets regardle...
Income Tax : The Income Tax Act, 2025 preserves the key deduction previously available under Section 80P through Section 149. Most tax incentiv...
Income Tax : ITAT Bangalore held that exemption under Section 54F cannot be denied merely because the sale deed was registered after two years....
Income Tax : Income tax notices are often issued for verification, mismatches, or compliance checks and do not always indicate wrongdoing. Unde...
Income Tax : The law permits taxpayers to adopt the stamp duty value on the agreement date instead of the registration date where prescribed co...
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 : The Tribunal held that a penalty notice must clearly state the specific limb of Section 270A being invoked. Absence of such specif...
Income Tax : The ITAT Jaipur held that deduction under Section 54F cannot be denied merely due to delay in completing construction when the ass...
Income Tax : The Tribunal held that generalized investigation reports cannot substitute for concrete evidence against an assessee. Since the tr...
Income Tax : The High Court set aside the Single Judge’s order and remitted the matter for fresh consideration following the Supreme Court’...
Income Tax : The Tribunal sent the matter back to the Commissioner (Appeals) for fresh adjudication after the assessee challenged the validity ...
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...
Income Tax : CBDT has granted scientific research approval to a biotechnology institution under the Income-tax Act, 2025. Eligible donations ma...
Income Tax : CBDT has granted approval to a higher educational institution for scientific research under the Income-tax Act, 2025. Eligible don...
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 Sri Kanyaka Parameswari De
Notification: S.O.3660 This notification contains Amendment to Income-tax Rules carried out on 13-10-1964 not reproduced here as it is already contained in the body of the Rules itself.
Notification: S.O.3673 Central Government hereby accords approval to the Banque Francaise du Commerce Exterieur, Paris, for the purposes of exemption from tax on the interst payable by any industrial undertaking in India on moneys borrowed by it under a loan agreement entered into with the said foreign financial institution
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
It is hereby notified for general information that the institution mentioned below has been by the Council of Scientific and Industrial Research, the ‘prescribed authority’ for the purposes of clause
In exercise of the powers conferred by clause (d) of sub-section 5 of section 2 of the Finance Act, 1964 (5 of 1964), the Central Board of Direct Taxes hereby makes the following rules, namely :—
In exercise of the powers conferred by sub-section (6) section 88 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies Sri Sangameswarar Temple, Bhavani,
Notification: S.O.2567 This notification contains amendments to Income-tax Rules carried out on 27th July, 1964 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 the Shri Devarajaswamy
Notification: S.O.2573 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
