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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 : Gujarat HC quashed the reassessment proceedings after holding that ignoring the assessee's adjournment request violated natural ju...
Income Tax : ITAT held that once Form 10IE is validly exercised and not withdrawn, it continues for later years. AO was directed to grant Secti...
Income Tax : Madras HC upheld deduction for site restoration expenses, holding the contractual obligation under the PSC is allowable under Sect...
Income Tax : ITAT Mumbai held that a deduction claim supported by prevailing judicial precedents cannot attract Section 270A penalty merely bec...
Income Tax : ITAT deleted the Section 68 addition after holding that the assessee fully established the lender, source of funds and genuineness...
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...
In continuation of this Office Notification No. 6913 (F. No. 203/196/86-ITA. II), dated 12-9-86, it is hereby notified for general information that the Institution mentioned below has been approved by the Department of Scientific & Industrial Research, New Delhi, the prescribed authority for the purposes of clause (ii) of sub-section (1) of section 35 (Thirty-five/one/two) of the Income-tax Act, 1961, read with rule 6 of the Income-tax Rules, 1962, under the category “Association” subject to the following conditions.
That the said Institute will apply to the Central Board of Direct Taxes, Ministry of Finance (Department of Revenue), New Delhi, 3 months in advance before the expiry of the approval for further extension. Applications received after the date of expiry of approval are liable to be rejected.
It is hereby notified for general information that the approval granted to the Institute of Human Ecosystem, Calcutta, under section 35CCB of the Income-tax Act, 1961, vide Ministry of Finance (Department of Revenue), Notification No. 6608 (F. No. 203/227/85-ITA. II), dated 3-3-1986, is hereby withdrawn with effect from 1-12-1985.
Notification No. S.O.201(E)-Income Tax In exercise of the powers conferred by clause (ii) of sub-section (1) to section 80L of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies the ” 7-year–IPCL 13% Secured Redeemable Non-Convertible Bonds “, issued by the Indian Petrochemicals Corporation Limited, for the purpose of the said clause
Circular : No. 507-Income Tax I am directed to invite reference to this Department’s Circular No. 485, dated 27-5-1987 [Clarification 1] on the above subject and wherein the rates at which deduction of tax under sections 194B and 194BB to be made during the financial year 1987-88 from winnings from lottery or crossword puzzles or horse races were communicated to you.
Circular No. 508-Income Tax I am directed to invite a reference to this Department’s Circular No. 426 [F. No. 275/32/85-IT(B)], dated 24-7-1985 wherein the rates at which the deduction of income-tax was to be made during the financial year 1985-86 from payments of income by way of insurance commission under section 194D were intimated.
Circular: No. 510-Income Tax I am directed to say that the rates at which tax is to be deducted at source under section 194A by persons who are responsible for paying to a resident any income by way of interest other than income chargeable under the head “Interest on securities” are given in Part II of the First Schedule to the Finance Act, 1987.
Circular : No. 509-Income Tax I am directed to say that according to the provisions of section 194, the principal officer of an Indian company or a company which has made the prescribed arrangements for the declaration and payment of dividends including dividends on preference shares within India shall, before making any payment in cash or before issuing
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 the 10-year–9% (Tax-free) Secured Redeemable REC Bonds (15th Series), 1997 , issued by the Rural Electrification Corporation Limited, for the purpose of the said clause.
Circular No. 506-Income Tax I am directed to invite a reference to the Board’s Circular No. 393 [F. No. 275/14/84-IT(B)], dated 5-9-1984, wherein you were requested to issue necessary instructions for making deduction of income-tax at source from the payments of “Interest on Government securities” as prescribed in the Finance Act, 1983, as modified by the Finance Act, 1984.
