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Income Tax : The Income-tax Act, 2025 continues the old specified professions framework without addressing longstanding classification issues. ...
Income Tax : The Supreme Court dismissed the Revenue's review petitions and reiterated that payments for off-the-shelf software do not constitu...
Income Tax : A detailed overview of limitation periods prescribed under the Income-tax Act reveals how missing statutory deadlines can lead to ...
Income Tax : Budget 2026 has extended the due dates for ITR-3, ITR-4, and revised returns, offering taxpayers greater flexibility. Understandin...
Income Tax : Relocating to Sikkim does not automatically exempt you from income tax. This article explains who qualifies under Section 10(26AAA...
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 : KSCAA requested the CBDT to release e-filing utilities and schemas for AY 2026-27 without delay, stating that pending utilities ar...
Income Tax : The Tribunal held that an incomplete document recovered from an employee's laptop could not justify an addition under Section 69 w...
Income Tax : The ITAT held that once registration under Section 12AB was ultimately granted on the basis of the original application, the doctr...
Income Tax : The ITAT Chennai ruled that funds received by a Chartered Accountant for remitting clients' taxes could not be treated as unexplai...
Income Tax : ITAT Mumbai held that appellate forums can entertain additional claims even without a revised return. The matter was remanded to t...
Income Tax : The Telangana High Court held that recovery proceedings under Section 226(3) cannot automatically extend to a daughter's bank acco...
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: S.O.1984 Central Government hereby notifies The Bengal Masonic Association Inter Services Charitable Trust, New Delhi, for the purpose of the said section for and from the assessment year 1977-78.
Notification: S.O.1983 Central Government hereby notifies Sri Ram Vittal Trust, Udipi, for the purpose of the said section for and from the assessment year 1977-78.
Circular : No. 243-Income Tax Several banks are accepting deposits under the reinvestment deposit schemes, recurring deposit schemes, cash certificates and similar schemes. These schemes have been evolved to provide the public with an attractive medium of investment and simultaneously mobilise savings.
Notification: S.O.2400 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 Audikesava Perumal Sri Bashya-Karaswami Temple, Sriperumbudur to be a place of public worship of renown throughout the State of Tamil Nadu for the purposes of the said section. [No. 2349 (F. No. 176/50/78–ITA–I)
Notification: S.O.2469 In exercise of the powers confered by sub-section (2)(b) of section 80G of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies Sree Vellat Puthur Kshethra Samrakshana Samithi, Perintamanna to be a place of public worship of renown throughout the State of Kerala for the purposes of the said section.
Notification: S.O.2468 Central Government hereby notifies Arulmigu Sakthi Vinayagar Temple, Chingleput for the purpose of the said section for and from the assessment year(s) 1976-77.
Circular No. 242-Income Tax I am directed to invite a reference to this Ministry’s Circular No. 225 [F. No. 275/13/77-IT(B)], dated 30-6-1977. The Finance Act, 1978, inter alia, prescribes the rates at which income-tax is to be deducted during the financial year 1978-79 from income chargeable under the head “Salaries”.
Notification: S.O.2129 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 “The Cathedral Church of the Redemption, New Delhi” for the purpose of the said section for and from
Notification: S.O.1982 Central Government hereby notifies Rashtrotthana Parishat, Bangalore, for the purpose of the said section for and from the assessment year(s) 1973-74.
Circular : No. 241-Income Tax Under the new section 194BB, every person being a book-maker or a person to whom a licence has been granted by the Government under any law in force for horse racing in any race course or for arranging for wagering or betting in any race course, who is responsible for paying any income by way of winnings from any horse race in an amount exceeding Rs. 2,500 is required to
