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Income Tax : The article explains how ESOP taxation in unlisted companies occurs at both exercise and buyback stages. It highlights perquisite ...
Income Tax : The FAQs explain the revised CBDT guidelines on compounding offences under the Income-tax Act effective from 17 October 2024. They...
Income Tax : Learn the eligibility, investment conditions, exemption limits, timelines, and withdrawal provisions for capital gains exemptions ...
Income Tax : This FAQ serves as a reference for the Income-tax Act provisions relating to cash receipts, loans, repayments, and electronic paym...
Income Tax : This FAQ covers all ten notified ICDS, explaining their scope, applicability, disclosures, and treatment of various tax-related tr...
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 : The Income Tax Appellate Tribunal has proposed a priority disposal mechanism for appeals filed up to and including 2022 in respons...
Income Tax : A representation has urged CBDT to merge TDS return codes 1023 and 1024, arguing that both apply to the same contract payments wit...
Income Tax : Association requested CBDT to rationalize CASS 2026 case selection considering the administrative burden caused by implementation ...
Income Tax : The ITAT Mumbai held that sales tax and similar State Government incentives were capital receipts because the schemes were intende...
Income Tax : The ITAT Visakhapatnam held that the Commissioner cannot invoke Section 263 where the Assessing Officer has already conducted inqu...
Income Tax : The ITAT Visakhapatnam held that deduction under Section 80P cannot be allowed where the assessee failed to file a valid return of...
Income Tax : The Tribunal directed the Assessing Officer to grant Foreign Tax Credit, observing that delayed filing of Form No. 67 is only a pr...
Income Tax : The ITAT Jaipur held that reassessment under Section 147 was invalid because the Assessing Officer merely relied on Investigation ...
Income Tax : The CBDT has identified specific categories of taxpayers whose returns will be compulsorily selected for complete scrutiny during ...
Income Tax : The Ordinance exempts interest income and capital gains arising from Government securities for Foreign Institutional Investors and...
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...
The e-book Pratidhwani showcases policy initiatives and changes in Income Tax Department and growth of nation through the lens of Department’s outreach programmes during the period 2000 to 2022.
CBDT e-book Aarohan gives an overview of major reforms in Income Tax Department & showcases the contribution of different batches of Indian Revenue Service to tax administration since Independence.
Section 120(1) (2) and (5) of the Income-Tax Act, 1961 – Jurisdiction of Income tax Authorities Supersession of Notification No. 23/2021 dated 31st March, 2021– Notification No. 61/2022 – Income Tax | Dated: 10th June, 2022 MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES), New Delhi Notification No. 61/2022 – Income Tax […]
Notification No. 60/2022-Income Tax, Dated: 10.06.2022 – Control of income-tax authorities. Also Read: Corrigendum Notification No. 78/2022-Income Tax, Dated: 04.07.2022 MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) New Delhi Notification No. 60/2022-Income Tax | Dated: 10th June, 2022 S.O. 2692(E).—In exercise of the powers conferred by section 118 of the Income-tax Act, […]
Income tax calculator for 2022-23 based on new and old tax rules. Free Tool Download is just a reference tool for self awareness and learning and not to be mistaken as full and final. hope this helps you to learn !
Discover solutions when TDS doesn’t reflect in Form 26AS. Learn how to resolve Tax Credit Mismatch with reasons, corrective actions, and the taxpayer’s remedy. Explore the judicial stance, statutory provisions, and CBDT’s guidance. File grievances and ensure TDS credit rightfully.
Tax authorities are to adjudicate upon the tax liability in accordance with law. The liability to taxation in respect of assessee should not escape assessee and likewise where the assessee was not in a position to show certain evidences which impacts the tax liability, reasonable opportunity should be afforded to such assessee to bring such evidences to the notice of the tax authorities.
Income Tax Act, 1961 Compliance Handbook as applicable for Fy 2022-23 (AY 2023-24) contains update on Tax Rates for FY 2022-23 & AY 2023-24, Residential Status and Scope of Total Income, Advance Tax, Tax Deducted at Source (TDS)
Understanding Income Tax implications in unregistered Joint Development Agreements (JDA). Explore the tax challenges pre-Finance Act 2017 and the impact of Section 45(5A) introduced to ease hardships for landowners. Stay informed on taxation aspects in property development.
We hold that in absence of any incriminating material found during the course of search with respect to the impugned transaction, the AO did not have any power to make the impugned addition.