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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(...
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
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 “, for the purpose of clause (ii) of sub-section (1) of section 35 of the Income-Tax Act, 1961, (43 of 1961).
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 No. 67 and the entries thereagainst from the
Notification: S.O.2362 Indian Cancer Society, 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).
Under Income-tax Act the annual value of the property is to be taken as a sum which the property might reasonably be expected to fetch. The annual value is no doubt a hypothetical sum. But what is to be taken into consideration is the whole of the consideration which the landlord receives from the tenant for his right to use and occupy the property.
For the two accounting periods the assessee, a resident company, incorporated outside India paid -estate duty payable on the death of its certain share holders not domiciled in India and debited the said amounts to revenue in its accounts in ascertaining the profits and gains of its business for the said years.
