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Income Tax : Representation urges notification, rules, forms and e-filing facility for FAST-DS under the Finance Act, 2026, along with clarific...
Income Tax : Article explains possible tax treatment of crypto perpetual futures, comparing Sections 43(5), 73 and 115BBH, turnover, valuation ...
Income Tax : ITAT Special Bench held that omission of scrutiny category in a Section 143(2) notice is a procedural defect curable under Section...
Income Tax : A fake email titled Tax Authority Checklist for July 2026 is targeting taxpayers by impersonating the Ministry of Finance and the ...
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 : Finance Ministry reports LTCG tax revenue, clarifies FPI Government Securities tax exemption from 1 April 2026, and says no LTCG r...
Income Tax : Finance Ministry says no proposal exists to scrap LTCG tax and outlines SEBI investor awareness, grievance redressal and market pr...
Income Tax : Finance Ministry says Section 43B(h) allows deduction for dues to micro and small enterprises only on actual payment beyond the 45...
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 Delhi deleted the section 69A addition of ₹33.50 lakh after holding the intercepted cash formed part of the disclosed prope...
Income Tax : Bombay HC declined to entertain Revenue's depreciation challenge and remanded the matter to ITAT only to decide the deferred maint...
Income Tax : Bombay HC dismissed Revenue's appeal, holding the Section 263 issue in unabated search assessments was covered by Abhisar Buildwel...
Income Tax : ITAT Delhi deleted Section 270A penalty as notices lacked specific Section 270A(9) charge and the expenditure claim involved a deb...
Income Tax : ITAT Bangalore restored six Section 153A search assessment appeals to the AO, subject to ₹50,000 cost per appeal for repeated no...
Income Tax : CBDT Notification No. 94/2026 amends Rule 157 of the Income-tax Rules, 2026 by revising the definition of “specified fund” wit...
Income Tax : CBDT Notification No. 93/2026 grants Schedule III read with Section 11 exemption to District Legal Service Authority, Jind for tax...
Income Tax : CBDT Notification No. 92/2026 grants Section 10(46) exemption to District Legal Service Authority, Jind, subject to specified cond...
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...
Notification: S.O.2149 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 National Small Industries Corporation Ltd., New Delhi, for the purposes of the said sub-clause
Notification: S.O.2169 N.M. Wadia Institute of Cardiology, Poona 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).
Circular No. 4-P[LXXVI-65]-Income Tax Section 32 of the Finance Act, 1968 has amended certain provisions of the Wealth-tax Act, 1957. These amendments relate to the provisions in section 5 for the exemption from wealth-tax in respect of certain assets; provisions in section 18 for the imposition of penalty for concealment or understatement of wealth, and the rate schedule of ordinary wealth-tax in Paragraph A of Part I of the Schedule.
In the notification of the Central Board of Direct Taxes, No. S.O. 1112 dated the 18th March, 1968, published at pages 363 to 369 in Part II–Section 3–Sub-section (ii) of the Gazette of India Extraordinar
Notification: S.O.1856 This Notification contains amendment to Income-tax (Third Amendment) Rules, 1968 carried out on 22nd May, 1968 not reproduced here as it is already contained in the body of the Rules itself.
In exercise of the powers conferred by rule 5 of the Income-tax (Certificate Proceedings) Rules, 1962, the Central Board of Direct Taxes hereby makes the following amendment in the notification of t
This notification contains Corrigendum to Income-tax Rules carried out on 25th October, 1967 not reproduced he
Circular No. 5-P-Income Tax Under the Finance (No. 2) Act, 1967, the rates of income-tax in respect of the assessment year 1967-68 in the case of all categories of assessees (corporate as well as non-corporate) are the same as under the Finance Act, 1966, subject to two modifications. The main modification pertains to the rebates of income-tax available to assessees
In exercise of the powers conferred by rule 4 of the Income-tax (Certificate Proceedings) Rules, 1962, the Central Government hereby appoints the Commisioner of Income-tax, Andhra Pradesh, Hyderabad, to be a Tax Recovery Commissioner.
Notification: S.O.3482 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 Maharashtra Co-operative Housing Finance Society Limited, Bombay, for the purposes of the said sub-clause
