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Income Tax : Rule 46(8) mandates daily backups of electronic books on servers located in India, strengthening digital tax compliance and data i...
Income Tax : CBDT allows eligible salaried taxpayers with LTCG up to ₹1.25 lakh under section 112A to file ITR-1, simplifying return filing f...
Income Tax : Explore income-tax rates applicable over the last ten assessment years for individuals, companies, firms, LLPs, HUFs, and co-opera...
Income Tax : Learn how business and professional income is computed under the Income-tax Act after the Finance Act, 2026. This guide explains t...
Income Tax : Understand the statutory time limits for issuing income-tax notices and completing assessments under the Income-tax Act. The guide...
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 : ITAT Jaipur held that exemption under Section 11 cannot be denied merely because Form 10B was filed late when it was already avail...
Income Tax : Bombay HC admitted the Revenue's appeal on AMP expenditure and payments to doctors, holding both require judicial examination. It ...
Income Tax : ITAT held that agricultural land within the prescribed municipal distance is a capital asset and restricted the on-money addition ...
Income Tax : NCLAT held that a single application covering multiple years and company officers is maintainable in the absence of any statutory ...
Income Tax : ITAT held that Section 87A rebate cannot be denied on tax payable under Section 111A where the assessee qualifies under the prescr...
Income Tax : CBDT has approved a scientific research institution under the Income-tax Act, 2025 for tax years 2026-27 to 2030-31. The notificat...
Income Tax : CBDT has approved the University of Hyderabad for scientific research under Section 45 of the Income-tax Act, 2025. The approval i...
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...
Recently Delhi High Court in the case of Areva T&D vs. ADIT ruled that the Revenue can reopen the assessment proceedings on change of opinion that the income of the assessee has escaped assessment. Such re-opening of the assessment by the Income Tax department is legal where no return has been filed by the assessee for the assessment year in dispute, high court said.
Notification No. 23/2011 – Income Tax [F.NO.V-27015/1/2011-SO(NAT.COM)]/S.O. 864(E), DATED 27-4-2011 WHEREAS by Notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O. 2545(E), dated 6th October, 2009, issued under clause (b) of the Explanation to section 35AC of the Income-tax Act, 1961 (43 of 1961), the Central Government had notified at serial number 4, Holy Spirit Cancer Centre by Society of the Servants of the Holy Spirit, Holy Spirit Hospital, Mahakali Caves Road, Andheri (E), Mumbai 400 093, as an eligible project or scheme for a period of two years beginning with financial year 2009-10;
Notification No. 22/2011 – Income Tax [F.NO.V-27015/1/2011-SO(NAT.COM)]/S.O. 863(E), DATED 27-4-2011 WHEREAS by Notification of the Government of India, in the Ministry of Finance (Department of Revenue) number S.O.399(E), dated the 6th June, 1996, issued under sub-section (1) read with clause (b) of the Explanation to section 35AC of the Income-tax Act, 1961 (43 of 1961), the Central Government had notified at serial number 5, “Construction, furnishing, equipments and running of hospital at Crozaria, District Mehsana, Gujarat” by Smt. Samarathben Chunilal and Sheth Dosabhai Madhavji Sarvajanik Trust, Crozaria, District Mehsana, Taluk -Vijapur, Gujarat, as an eligible project or scheme for a period of three years beginning with assessment year 1997-98, which was extended further vide Notification number S.O.101(E), dated the 11th February, 1999 for a period of three years beginning with assessment year 2000-01, which was extended further vide Notification number S.O. 1113(E), dated the 24th October, 2002 for a period of three years beginning with assessment year 2003-04 which was extended further vide Notification number S.O.140(E), dated the 3rd February, 2006 for a period of three years beginning with financial year 2005-06 and which was extended further vide Notification number S.O. No. 245(E), dated 21st January, 2009 for a period of three years beginning with financial year 2008-09;
Notification No. 21/2011 – Income Tax [F.NO.V-27015/1/2011-SO(NAT.COM)]/S.O. 862(E), DATED 27-4-2011 WHEREAS by Notification of the Government of India, in the Ministry of Finance (Department of Revenue) number S.O. 366(E), dated the 10th April, 2000, issued under sub-section (1) read with clause (b) of the Explanation to section 35AC of the Income-tax Act, 1961 (43 of 1961), the Central Government had notified at serial number 3, “Construction of extension building, purchase of equipments/instruments, mobile van, furnishing and running of Kanoria Hospital and Research Centre at Gandhi Nagar, Gujarat” by Kanoria Seva Kendra, 307, Abhijeet Netaji Marg, Ellisbridge, Ahmedabad, Gujarat, as an eligible project or scheme for a period of three years beginning with assessment year 2000-01, which was extended further vide Notification number S.O. 981(E), dated the 10th September, 2002 for a period of three years beginning with assessment year 2003-04, which was extended further vide Notification number S.O. 506(E), dated the 4th April, 2006 for a period of three years beginning with financial year 2005-06; and which was further extended vide Notification number S.O. 244(E), dated the 21st January, 2009 for a period of three years beginning with financial year 2008-09;
Notification No. 20/2011 – Income Tax [F.NO.V-27015/1/2011-SO(NAT.COM)]/S.O. 861(E), DATED 27-4-2011 WHEREAS by Notification of the Government of India, in the Ministry of Finance (Department of Revenue) number S.O. 399(E), dated the 6th June, 1996, issued under sub-section (1) read with clause (b) of the Explanation to section 35AC of the Income-tax Act, 1961 (43 of 1961), the Central Government had notified at serial number 8, “Equipments and running of Polio Hospital at Ahmedabad, Gujarat” by Polio Foundation, Shah Chimenlal Chhotalal Lokandwala Charitable Trust Hospital for the Handicapped, Raipur, Chekla, Ahmedabad – 1, as an eligible project or scheme for a period of three years beginning with assessment year 1997-98, which was extended further vide Notification number S.O. 324(E), dated the 11th May, 1999 for a period of three years beginning with assessment year 2000-01, which was extended further vide Notification number S.O. 614(E), dated the 7th June, 2002 for a period of three years beginning with assessment year 2003-04, which was extended further vide Notification number S.O.153(E), dated the 3rd February, 2006 for a period of three years beginning with financial year 2005-06 and which was extended further vide Notification number S.O. 1306(E), dated the 4th June, 2008 for a period of three years beginning with financial year 2008-09;
Notification No. 19/2011 – Income Tax [F.NO.V-27015/1/2011-SO(NAT.COM)]/S.O.860(E), DATED 27-4-2011 WHEREAS by Notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O. 2370(E), dated 3rd October, 2008 issued under clause (b) of the Explanation to section 35AC of the Income-tax Act, 1961 (43 of 1961) the Central Government had notified at serial number 20, Purchase of hospital equipments and to raise corpus fund by Jivan Jyot Charitable Trust, C/o Patan Janta Hospital, Sardar Road, Near Railway Garnala, Patan, North Gujarat as an eligible project or scheme for a period of three years beginning with financial year 2008-09;
Notification No. 18/2011 – Income Tax [F.NO.V-27015/1/2011-SO(NAT.COM)]/S.O. 859(E), DATED 27-4-2011 WHEREAS by Notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O. 121(E), dated 12th January, 2009, issued under clause (b) of the Explanation to section 35AC of the Income-tax Act, 1961 (43 of 1961), the Central Government had notified at serial number 35, BJS Educational Quality Improvement Project (BJS-EDUQIP) by Bhartiya Jain Sanghatana, Senapati Bapat Road, Opposite Hotel Sahara, Pune 411016, as an eligible project or scheme for a period of three years beginning with financial year 2008-09;
Notification No. 17/2011 – Income Tax [F.NO.V-27015/1/2011-SO(NAT.COM)]/S.O. 858(E), DATED 27-4-2011 WHEREAS by Notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O. 2370(E), dated 3rd October, 2008, issued under clause (b) of the Explanation to section 35AC of the Income-tax Act, 1961 (43 of 1961), the Central Government had notified at serial number 37, (a) Including Children in Development, (b) Daycare services in Delhi including NCR region, (c) Training in Northern Hindi speaking belt of India, (d) Advocacy for creche/childcare arrangements for all young children by Mobile Creches for Working Mother’s children, DIZ Area, Raja Bazaar, Sector IV, Near Gole Market, New Delhi 110001, as an eligible project or scheme for a period of three years beginning with financial year 2008-09;
Notification No. 16/2011 – Income Tax [F.NO.V-27015/1/2011-SO(NAT.COM)]/S.O. 857(E), DATED 27-4-2011 WHEREAS by Notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O. 1501(E), dated 7th September, 2007, issued under clause (b) of the Explanation to section 35AC of the Income-tax Act, 1961 (43 of 1961), the Central Government had notified at serial number 6, Construction of special School for the visually handicapped children and mentally retarded children by Vivekananda Loksiksha Niketan, Village Faridpur, P.O. Dakshin Dauki, District Purba Medinipur, West Bengal – 721 464, as an eligible project or scheme for a period of three years beginning with financial year 2007-08
Notification No. 15/2011 – Income Tax [F.NO.V-27015/1/2011-SO(NAT.COM)]/S.O.856(E), DATED 27-4-2011 WHEREAS by Notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O. 206(E), dated the 17 March, 1997, issued under clause (b) of the Explanation to section 35AC of the Income-tax Act, 1961 (43 of 1961) the Central Government had notified at serial number 20, “Equipments, running of Pain Relief Centre (SATSEVA) at 827, Bhavani Peth, Pune, Maharashtra” by Care India Medical Society, H-1/13, Salunke Vihar, Pune, Maharashtra – 411029, as an eligible project or scheme for a period of three years beginning with assessment year 1997-98, which was extended further vide Notification number S.O. 217(E), dated the 1st April, 1999 for a period of three years beginning with assessment year 2000-01, which was extended further vide Notification number S.O. 973(E), dated the 10th September, 2002 for a period of three years beginning with assessment year 2003-04, which was extended further vide Notification number S.O.503(E), dated the 4th April, 2006 for a period of three years beginning with financial year 2005-06 and which was extended further vide Notification number S.O.1303(E), dated 4th June, 2008 for a period of three years beginning with financial year 2008-09;
