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Income Tax : Ahmedabad ITAT quashed reassessment where the Assessing Officer relied on red-flagged information without independent inquiry unde...
Income Tax : Explains the RNPO exemption framework under the Income-tax Act, 2025, covering Application, Deemed Application, Accumulation and t...
Income Tax : Learn the taxability of freelance income, deductions, Section 44ADA, advance tax, book-keeping and ITR compliance under the Income...
Income Tax : CBDT has enabled display of foreign financial information in AIS under the AEOI framework, supporting reconciliation while existin...
Income Tax : The article explains seven common ITR filing mistakes, including AIS mismatches, TDS errors and wrong ITR forms, and highlights re...
Income Tax : ITAT Bangalore held Section 2(47)(v) inapplicable as the JDA did not satisfy Section 53A conditions, deleting capital gains for AY...
Income Tax : ICAI has invited public comments on the Exposure Draft revising the Guidance Note on Tax Audit under Section 44AB by 25th July, 20...
Income Tax : A representation seeks activation of Form 68 filing for misreporting cases after the Finance Act, 2026 expanded immunity under Sec...
Income Tax : Net direct tax collections for FY 2026-27 grew by 14.64% as of June 17, 2026, driven by higher corporate and non-corporate tax rec...
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 : ITAT Delhi reduced the Section 69A addition to ₹5 lakh, holding the cash deposits were substantially supported by withdrawals an...
Income Tax : ITAT Delhi condoned delay under Section 249(3) and remanded the appeals after finding breach of natural justice in dismissal witho...
Income Tax : Calcutta HC quashed the Section 148 notice and Section 148A(3) order, holding the alleged escaped income was below the ₹50 lakh ...
Income Tax : ITAT Lucknow upheld deletion of a Section 68 addition, finding cash deposits explained by books, stock records, sales and VAT retu...
Income Tax : The Calcutta High Court considered a writ petition challenging the order dated 30.06.2025 passed under Section 148A(3) of the Inco...
Income Tax : CBDT Notification No. 83/2026 grants Section 10(46) exemption to Baddi Barotiwala Nalagarh Development Authority for AYs 2024-25 t...
Income Tax : CBDT Notification No. 82/2026 grants Section 10(46) exemption to Baddi Barotiwala Nalagarh Development Authority, subject to speci...
Income Tax : CBDT Notification No. 81/2026 specifies Maharashtra's Principal Secretary for income-tax information sharing under Section 258 for...
Income Tax : CBDT Notification No. 80/2026 exempts specified payments to eligible IFSC Units from TDS, subject to conditions and Form No. 1(N)....
Income Tax : CBDT authorises DGIT (Systems) to upload AEOI information in Annual Information Statement Form 168 under section 239 and Rule 245(...
Circular : No. 8-Income Tax Section 280ZA provides for the issue of tax credit certificates to public companies owning industrial undertakings situated in urban areas if they shift their undertakings to some other areas with the prior approval of the Board.
Notification: S.O.1242 Medical Research Centre of Bombay Hospital Trust, Bombay has been approved by the Indian Council of Medical Research, the prescribed authority for the purposes of clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961 (43 of 1961) :
is hereby notified for general information that the institution mentioned below has been approved by the Indian Council of Medical Research, the “prescribed authority” for the purposes of cla
Notification: 851 Central Government hereby notifies M/s. Amratalal Ravjibhai Parikh, Manek Chowk, Ahmedabad, for the purposes of the said sub-clause
Circular : No. 5-Income Tax It has been represented to the Board that persons of Indian origin residing abroad but intending to return to India and settle here permanently, apprehend that the money brought in or remitted from abroad by such persons might be subjected to income-tax in India.
Circular : No. 4-Income Tax Under section 9(1)(iii ), pension accruing abroad is taxable in India only if it is earned in India. Pensions received in India from abroad by pensioners residing in this country, for past services rendered in the foreign countries, will be income accruing to the pensioners abroad, and will not, therefore
Notification: S.O.625 This Notification contains amendment to Income-tax (Second Amendment) Rules, 1969 carried out on 14th February, 1969 not reproduced here as it is already contained in the body of the Rules itself.
Notification: S.O.624 This Notification contains amendment to Income-tax (Amendment) Rules, 1969 carried out on 14th February, 1969 not reproduced here as it is already contained in the body of the Rules itself.
CIRCULAR NO. 3-Income Tax Up to March 31, 1976, income-tax and other direct taxes were collected mainly by the Reserve Bank of India and by some of the branches of the State Bank of India or subsidiaries of the State bank conducting Government business. Because of the restricted number of points at which payment of direct taxes could be made, the taxpayers were put to considerable inconvenience.
Circular : No. 2-Income Tax In Board’s Circular No. 2-P(XXXIV-4) of 1966, dated 16-5-1966, instructions were issued that where Government securities are registered in the name of a banking company, tax should be deducted at source from the interest at the “rates in force” applicable to the banking company irrespective of the status of the beneficial owner of the securities.
