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Income Tax : ITAT held section 35D(2)(c) applies only to companies and upheld disallowance of REIT's claim for IPO and listing expense amortisa...
Income Tax : Explains taxation of gifts under Section 56(2)(x), exemptions for relatives, Rs. 50,000 threshold, clubbing provisions and documen...
Income Tax : Income-tax Act, 2025 revises the TRACES TDS Justification Report password format with new form numbering and structure from 1 Apri...
Income Tax : Explains how the second proviso to Section 112 caps LTCG tax for eligible resident individuals and HUFs after the Finance (No. 2) ...
Income Tax : Beware of fake Income Tax emails sent from QQ Mail or Gmail IDs. Learn how to identify phishing scams, verify genuine notices, and...
Income Tax : ITAT Bangalore restored the appeal after holding that mere upload of an order on the ITBA portal is not valid service under Sectio...
Income Tax : Direct tax collections as on 13 July 2026 show 16.11% growth in gross collections and 16.40% growth in net collections over the pr...
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 : Supreme Court held the CIT had no power to cancel Section 12A registration before 01.10.2004, restored the ITAT order and set asid...
Income Tax : Calcutta High Court held that a Section 148 notice uploaded after the limitation period was time-barred and dismissed the Revenues...
Income Tax : Gujarat High Court upheld reassessment under Sections 147 and 148, holding that fresh survey material and statements constituted t...
Income Tax : Madras High Court upheld additions based on corroborated loose sheets, rejected telescoping and business stock claims, and dismiss...
Income Tax : Madras HC upheld the Section 148A(d) order, holding the Jurisdictional Assessing Officer could issue notices under Sections 148A a...
Income Tax : CBDT Notification No. 91/2026 notifies NPCIL's capital asset transfer to ASHVINI under section 47(viiaf), applicable for FY 2025-2...
Income Tax : CBDT approves IIIT Dharwad for scientific research under Section 45 of the Income-tax Act, 2025, subject to Rules 31, 32 and 34 co...
Income Tax : CBDT notifies NaBFID's ten-year zero coupon bond under Section 2(112), specifying issue timeline, maturity amount, discount and bo...
Income Tax : ITAT Pune allowed rectification under Section 254(2), correcting factual errors and granting Section 54EC deduction of ₹1 crore ...
Income Tax : Notification No. 88/2026 gives effect to the India–Sri Lanka DTAA amending Protocol, effective from income derived in the specif...
In pursuance of clause (d) of section 280Y of the Income-tax Act, 1961 (43 of 1961), of the Central Government hereby makes the following amendment in the notification of the Govern
In exercise of the powers conferred by sub-section (5) of section 255 of the Income-tax Act, 1961 (43 of 1961), the Appellate Tribunal hereby makes the following rules further to amend the Income-tax (Appellate Tribunal) Rules, 1963.
Notification: S.O.737 International College of Surgeons, Indian Section, 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) :
In pursuance of clause (i) of sub-section (2) of section 80D of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies “Occupational Therapy Home for Children, Karol Bagh, Ne
Notification: S.O.152 This notification contains Amendment to Income-tax Rules carried out on 9-1-1970 not reproduced here as it is already contained in the body of the Income-tax Rules itself
Circular No. 33-Income Tax Section 40A(3) requires that if any payment in a sum exceeding Rs. 2,500 in respect of an expenditure incurred after March 31, 1969 is made otherwise than by a crossed cheque drawn on a bank or by a crossed bank draft, such expenditure shall not be allowed as a deduction.
In exercise of the powers conferred by section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend the Income-tax Rules, 1962, namely.
In the notification of the Central Board of Direct Taxes published as S. O. 4427, dated the 29th October, 1969, at pages 1397-1398 of the Gazette of India, Extraordinary, Part II, Section 3, sub-section (ii) dated the 29th October, 1969.
In the notification of the Central Board of Direct Taxes published as S. O. 4427, dated the 29th October, 1969, at pages 1397-1398 of the Gazette of India, Extraordinary, Part II, Section 3, sub-section (ii) dated the 29th October, 1969.
In pursuance of sub-clause (f) of clause (iii) of sub-section (3) of section 194A of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies the Gujarat State Textile Corporation Limited, Ahmedabad—9, for the purposes of the said sub-clause.
