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Income Tax : CS 04 scrutiny examines whether trusts and NGOs validly claimed exemption in ITR-7 despite registration, approval, renewal, cancel...
Income Tax : This guide explains the exemptions, deductions, allowances, perquisites, and retirement benefits available to salaried taxpayers f...
Income Tax : This guide consolidates the latest TDS rates applicable to residents, non-residents, companies, and firms under the Income-tax Act...
Income Tax : This guide explains the income-tax rates applicable to individuals, HUFs, companies, firms, co-operative societies, and other taxp...
Income Tax : This guide compiles the depreciation rates applicable to buildings, machinery, vehicles, computers, renewable energy assets, ships...
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 Pune held that detailed agreements, invoices and supporting records established that management support services were act...
Income Tax : Calcutta High Court quashed the assessment, demand and penalty proceedings after holding that the assessee was denied a meaningful...
Income Tax : ITAT excluded EDCIL, Just Dial, Info Edge and India Exposition Mart as transfer pricing comparables due to functional differences ...
Income Tax : ITAT held interest on government grant funds was not taxable as the MOU required it to be added to the project corpus....
Income Tax : The Chhattisgarh High Court declined to direct the Income Tax Department to investigate alleged tax evasion after noting that the ...
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.S.O.776(E) – Income Tax In exercise of the powers conferred by sub-sections (1) and (2) of section 269UB of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby makes the following further amendment in the notification of the Government of India in the Ministry of Finance, Department of Revenue No. S. O. 392(E), dated 31st May, 1989, namely
Notification No.S.O.772(E) – Income Tax In exercise of the powers conferred by item (h) of sub-clause (iv) of clause (15) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies “10-year 9 per cent. (tax free) Secured Redeemable Non-Convertible NLC Bonds (D-series)”, issued by the Neyveli Lignite Corporation Limited, for the purpose of the said item
CIRCULAR NO. 545-Income Tax A new scheme relating to assessment of partnership firms has been introduced by the Direct Tax Laws (Amendment) Act, 1987 [hereinafter referred to as the DTL(A) Act, 1987] to be effective from 1-4-1989, i.e., from the assessment year 1989-90
In exercise of the powers conferred by clause (23D) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies The India Magnum Fund N. V. Mutual Fund set up by the State Bank of India, a bank constituted under the State Bank of India Act, 1955 (23 of 1955), as the Mutual Funds of public sector banks for the purpose of the said provision.
Notification No.S.O.741(E) – Income Tax In exercise of the powers conferred by item (h) of sub-clause (iv) of clause (15) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies “MTNL 10-year 9 per cent. (tax free) Secured Redeemable Non-Convertible Telephone Bonds 1989 (3rd Issue)”, issued by the Mahanagar Telephone Nigam Limited, for the purpose of the said item
Circular No. 544-Income Tax The Board has received representations against the taxation of the subsidy granted by the State Governments to producers of feature films in regional languages
Notification No.S.O.736(E) – Income Tax In exercise of the powers conferred by item (h) of sub-clause (iv) of clause (15) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies “15-year 9 per cent. (tax-free) SCICI Bonds (Series 2)”, issued by the Shipping Credit and Investment Company of India Limited, for the purpose of the said item
This notification contains Amendment (Tenth Amendment) to Income-tax Rules carried out on 13th September, 1989 not reproduced here as it is already contained in the body of the rules itself.
In exercise of the powers conferred by clause (ii) of sub-section (1) of section 80-L of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies “7-year 13 percentage (taxable) HUDCO’s Public Sector Shelter Bonds (Series-III)”, issued by the Housing and Urban Development Corporation, for the purpose of the said clause
Notification No.S.O.694(E) – Income Tax In exercise of the powers conferred by item (h) of sub-clause (iv) of clause (15) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies “10-year 9% (tax-free) HUDCO’s Public Sector Shelter Bonds (Series-III)”, issued by the Housing and Urban Development Corporation, for the purpose of the said item
