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Income Tax : Smt. Ranjana Kumari/Kalta Vs DCIT/ACIT (Central) (ITAT Chandigarh) The appeals involved three assessees belonging to the Kalta Gro...
Income Tax : The guide compiles the principal Income-tax Act provisions applicable to non-residents establishing business in India and resident...
Income Tax : CBDT has identified six categories of returns for compulsory scrutiny during FY 2026-27. Selection triggers detailed examination b...
Income Tax : Tax on dividends, interest, royalties and FTS earned by non-residents is governed by the more beneficial rate under the Income-tax...
Income Tax : The applicable withholding tax depends on the Income-tax Act or the relevant DTAA, whichever is more beneficial. Treaty rates diff...
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 CPC could not make adjustments under Section 143(1) without issuing the mandatory prior intimation. The order was q...
Income Tax : SC issued notice as Delhi HC quashed Section 153C notices beyond the ten-year block period while clarifying key principles on sear...
Income Tax : ITAT held the assessment time-barred as the AO failed to pass the final order within the mandatory timeline under Section 144C(13)...
Income Tax : Tribunal partly allowed the assessee's appeals by granting relief on transfer pricing, scientific research deduction, product regi...
Income Tax : The High Court held that the assessment was time-barred as it was not completed within the mandatory period under Section 144C....
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. 11465-Income Tax In the notification of the Government of India, Ministry of Finance, Department of Revenue, No. G. S. R. 542(E), dated 16th June, 2000, published in Gazette of India, Extry., Part II, section 3, sub-section (i), dated 16th June, 2000, at page 50, in line 12 for “paragraph 2(f)” read “paragraph 2(g)”.
Notification No 11461-Income Tax Whereas the Convention between the Government of the Republic of India and the Government of Japan for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income has come into force on the 29th Dec., 1989 after the exchange of instruments of ratification as required by paragraph 1 of Article 28 of the said Convention and the said convention has been notified in G.S.R. 101(E) dt. 1st March, 1990
Notification No 753(E)-Income Tax Whereas the Convention between the Government of the Republic of India and the Government of Japan for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income has come into force on 29th December, 1989, after the exchange of instruments of ratification as required by paragraph 1 of article
Circular No.749 – Income Tax Under the existing provisions of the Income-tax Act, agricultural income is not included in computing the total income as per the provisions of clause 1 of section 10 of the Income-tax Act. The term ‘agricultural income’ has been defined in sub-section (1A) of section 2 of the Income-tax Act. The provisions of clause ( c) of this sub-section, include within the definition of agricultural income
Law is settled- If a business liability has definitely arisen in the accounting year, the deduction should be allowed although the liability may have to be quantified and discharged at a future date. What should be certain is the incurring of the liability. It should also be capable of being estimated with reasonable certainty though the actual quantification may not be possible
Notification No. 744(E)-Income Tax In exercise of the powers conferred by sub-clause (iii) of clause (17) of section 10 of the Income-tax Act, 1961 (43 of 1961), and in supersession of the notifications of the Government of India in the Ministry of Finance (Department of Revenue) No. S. O. 695(E), dated 3rd October, 1997, the Central Government hereby specifies
Notification No. 725(E)-Income Tax In exercise of the powers conferred by sub-clause (iii) of clause (b) of section 245N of the Income-tax Act, 1961 (43 of 1961), and in supersession of Notification No. S.O. 473(E), dated 21st June, 1999, the Central Government hereby specifies public sector company as defined in clause (36A) of section 2 of the Income-tax Act being such
Notification No. 731(E)-Income Tax In exercise of the powers conferred by clause (a) of sub-section (1) of section 138 of the Income-tax Act, 1961, the Central Board of Direct Taxes hereby specify the following income-tax authorities for the purpose of the said clause
Notification No. 2061-Income Tax It is hereby notified for general information that the organisations mentioned below has been approved by the prescribed authority under rule 6 of the Income-tax Rules, 1962, for the purpose of clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961, under the category “Institution” subject to the following conditions
Notification No. 1793-Income Tax It is notified for general information that the enterprise, listed at para (3) below has been approved by the Central Government for the purpose of section 10(23G) of the Income-tax Act, 1961, read with rule 2E of the Income-tax Rules, 1962, for the assessment years 2000-2001, 2001-2002 and 2002-2003.
