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Income Tax : Tax Audit Form 26 now requires reporting of both quantity and value of principal stock, purchases, and sales. The key takeaway is ...
Income Tax : This article examines whether educational institutions with receipts up to Rs. 5 crore must obtain RNPO registration to claim exem...
Income Tax : This article explains why ELSS redemption gains are taxable despite offering tax deductions at the time of investment. It highligh...
Income Tax : Learn how the increased Rs. 1.25 lakh exemption and 12.5% LTCG tax rate apply to listed shares and equity mutual funds. The guide ...
Income Tax : The Income Tax Department explains how the e-Verification Scheme addresses mismatches between reported financial transactions and ...
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 Delhi held that cash deposits arising from recorded and accepted cash sales cannot be added as unexplained cash credits under...
Income Tax : ITAT Mumbai held that Compulsorily Convertible Debentures cannot be equated with call options and that no option premium arose fro...
Income Tax : ITAT Bangalore held that RBI's classification of compulsorily convertible debentures as equity for FDI purposes cannot determine t...
Income Tax : ITAT Delhi held that no disallowance under Rule 8D(2)(ii) could be made where investments yielding exempt income were financed fro...
Income Tax : ITAT Mumbai held that Compulsorily Convertible Debentures retain their character as debt until conversion into equity. It deleted ...
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...
Income Tax : CBDT has granted scientific research approval under the Income-tax Act, 2025, enabling eligible donations to qualify for tax benef...
Income Tax : CBDT has granted scientific research approval under the Income-tax Act, 2025, allowing eligible donations to qualify for tax benef...
Notification No. S.O.471(E)-Income Tax This notification contains amendments to Income-tax Act carried out on 2nd July, 1982 not reproduced here as it is already contained in the body of the rules itself
Circular No.346 – Income Tax As in the past, the Finance Act provides that in the case of individuals, Hindu undivided families, unregistered firms or other associations of persons or bodies of individuals and artificial juridical persons, the net agricultural income will be taken into account for determining the rates of income-tax on incomes liable to tax for the assessment year 1982-83 [vide section 2(2) of the Finance
Notification No. S.O.3425-Income Tax In exercise of the powers conferred by sub-section (2)(b) of section 80G of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies Sri Mallikarjuna Swami Temple, Ameenpura Village (Medak Distt., Andhra Pradesh), to be a place of public worship of renown throughout the State of Andhra Pradesh. It is clarified that for purposes of this notification only the donations for repair and renovation will qualify for relief under section 80G(2)(b).
Notification No. S.O.2916-Income Tax In exercise of the powers conferred by clause (v) of sub-section (23C) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies Sri Thirukameswarar Devasthanam, Villianur, Pondicherry State, for the purpose of the said section for the period covered by the assessment years 1979-80 to 1982-83.
Notification No. S.O.2915-Income Tax In exercise of the powers conferred by clause (v) of sub-section (23C) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies Sri Lakshmi Nara Simha Swamy Temple, for the purpose of the said section for the period covered by the assessment years 1982-83 to 1984-85.
Notification No. S.O.2914-Income In exercise of the powers conferred by clause (v) of sub-section (23C) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies Shri Venkatesa Devasthan, Bombay, for the purpose of the said section for the period covered by the assessment year 1982-83.
Notification No. S.O.2913-Income Tax In exercise of the powers conferred by clause (v) of sub-section (23C) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies Sree Krishna Bhaktha Jana Sabha Nangamallu, for the purpose of the said section for the period covered by the assessment years 1982-83 to 1984-85.
Circular No.345 – Income Tax The Income-tax (Amendment) Ordinance, 1981 was promulgated by the President on July 11, 1981. The Ordinance was replaced by the Income-tax (Second Amendment) Bill, 1981, which was introduced in the Lok Sabha on September 8, 1981. The Bill was passed by both the Houses of Parliament and received the assent of the President on September 19, 1981 and has been enacted as Act No. 38 of 1981. This circular explains the substance of the provisions of the Income-tax (Second Amendment) Act
Notification No. S.O.448(E)-Income Tax This notification contains Amendment to Income-tax (Sixth Amendment) Rules, 1982 carried out on June 26, 1982 not reproduced here as it is already contained in the body of the Rules itself
Notification No. S.O.2912-Income Tax In exercise of the powers conferred by clause (v) of sub-section (23C) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies Kottar Social Service Society, for the purpose of the said section for the period covered by the assessment years 1980-81 to 1982-83.
