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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 held that remuneration to trustees must be examined for reasonableness and cannot be disallowed merely because it was paid to...
Income Tax : ITAT held that a BSNL employee absorbed from DoT is entitled to exemption for ex gratia and leave encashment by treating the emplo...
Income Tax : ITAT held that foreign tax credit cannot be denied solely because Form No. 67 was filed after the return, subject to verification ...
Income Tax : ITAT directed the AO to verify Form 26AS and the corresponding income before deciding the TDS credit claim instead of denying it o...
Income Tax : ITAT held that Section 54F deduction cannot be denied where capital gains are invested in a residential house within the prescribe...
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...
Notification No. 33/2010-Income Tax S.O. 1056(E).- 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:-
Where the assessee is not able to substantiate his claim of expenditure with any evidence, penalty is leviable under section 271(1)(c)
The Central Board of Direct Taxes plans to set up two more central processing centres (CPC) — one each in Ahmedabad and Faridabad (National Capital Region) — to improve taxpayer service, the CBDT Chairman, Mr S. S. N. Moorthy, said here today.
Continuous rise in pendency of refund claims cost the exchequer interest of a whopping Rs 5,785 crore during 2008-09, the Comptroller and Auditor General of India said today.
The revised draft of the Direct Tax Code (DTC), that will replace the Income Tax Act, will be available for comments soon before it is finalised and placed before Parliament for its approval, possibly in the winter session.
The direct tax collection for 2009-10 is likely to be around Rs 3.80 lakh crore, missing the revised target by Rs 7,000 crore (Rs 70 billion). “The final figure will be available in mid-May when all the transactions are compiled. As on date it is somewhere around Rs 3.78 lakh crore…it may be Rs 3.80 lakh crore,” Central Board of Direct Taxes (CBDT) chairman S S N Moorthy said at an Assocham seminar.
CBDT notifies all ITR forms for A.Y. 2010-11. E-filing for AY 2010-11 will commence shortly. Relevant Tags:-income tax forms, Income Tax Return, Income Tax Return form for A.Y. 2010-11, ITR for A.Y. 2010-11, Income Tax Return form for F.Y. 2009-10, ITR 1 in Pdf Format, ITR 2 in Pdf Format, ITR 3 in Pdf Format, ITR 4 in Pdf Format, ITR 5 in Pdf Format, ITR 6 in Pdf Format, ITR 7 in Pdf Format, ITR 8 in Pdf Format, ITR for F.Y. 2009-10, ITR in Pdf Format for F.Y. 2010-11, ITR V in Pdf Format, IT acknowledgement in Pdf Format, Saral II in pdf Format, Saral II in Pdf Format
The income tax (I-T) department raided the premises of the South Indian Education Society (SIES) and the residences of some of its office-bearers in an operation that continued till late evening on Tuesday. This is probably the first time an educational institution in the city has been raided by I-T officials.
Notification No. 5-5/2009-Income Tax The Government of India, hereby notifies the issue of 7.64 per cent (Seven point sixty-four per cent) Government of India (National Small Savings Fund) (Non-transferable) Special Securities, 2029 (hereinafter called “special securities”).
The Income Tax (I-T) department on Tuesday raided the residence and office of Devendra Ahuja alias Dev, promoter of Centurion Bank and MD of 20th Century Finance company. Ahuja is also the father-in-law of film actor Bobby Deol. I-T officials have recovered documents which show the 74-year-old had transferred a major part of his property to his daughter Tanya, wife of Bobby Deol, following which the officials recorded Tanya’s statement on the matter.
