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Income Tax : The article outlines practical methods through which business owners and professionals can legally minimise their tax burden. It h...
Income Tax : Section 54 grants exemption on long-term capital gains from the sale of a residential house because the proceeds are reinvested in...
Income Tax : The Income-tax Act mandates e-payment of direct taxes for companies and taxpayers covered under Section 44AB, while others may opt...
Income Tax : Form 16 and Form 16A serve distinct purposes under the TDS framework, with Form 16 relating to salary income and Form 16A covering...
Income Tax : Permanent Account Number (PAN) serves as a unique identifier enabling the Income-tax Department to track tax payments, returns, TD...
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 Mumbai ITAT held that an addition under section 69 cannot survive when the Revenue fails to establish that the alleged investm...
Income Tax : ITAT Lucknow held that disallowance of interest expenses cannot be sustained without evidence showing that interest-bearing funds ...
Income Tax : SC dismissed Revenue’s plea after Gujarat HC held that even proposed additions would not alter MAT liability, defeating escapeme...
Income Tax : The Tribunal held that the assessee was entitled to additional interest under Section 244A(1A) because the Assessing Officer faile...
Income Tax : The Tribunal held that once Second Line Support services were examined and covered under an Advance Pricing Agreement, disallowanc...
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.1573 Sri Avinashilingam Home Science College for Women, Coimbatore. This noti
Notification: S.O.1524 It is hereby notified for general information that the approval given under section 35(1)(ii) of the Income-tax Act, 1961, to Cadila Laboratories, Ahmedabad, by notification No. 566 (F. No. 203/15/73-ITA. II) dated 27th February, 1974, is withdrawn w.e.f. 1st April, 1976, on the reco
Notification: S.O.134(E) This notification contains Amendment to Income-tax (Amendment) Rules, 1976 carried out on February 23, 1976 not reproduced here as it is already contained in the body of the Rules itself.
Notification: S.O.1571 It is hereby notified for general information that the approval given under section 35(1)(ii) of the Income-tax Act, 1961, to the Association of Otolaryngologists of India, Bombay, by notification No. 188 (F. No. 203/12/70-ITA. II) dated 25th November, 1970, is withdrawn with effect from 1-4
Notification: S.O.1523 It is hereby notified for general information that the approval given under section 35(1)(ii) of the Income-tax Act, 1961, to Gujarat Research Societ
Notification: S.O.1357 It is hereby notified for general information that the institution mentioned below has been approved by the Indian Council of Medical Research, New Delhi, the prescribed authority for the purposes of clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961, for research pur
Notification: S.O.1725 It is hereby notified for general information that the approval given under section 35(1)(ii) of the Income-tax Act, 1961, to Society for Prevention of Heart Disease and Rehabilitation, Bombay, by notification No. 197 (F. No. 203/35/72-ITA. II) dated the 26th September, 1972, is withdrawn wit
Notification: S.O.1624 It is hereby notified for general information that the approval given under section 35(1)(ii) of the Income-tax Act, 1961, to the Medical Education Foundation, Madras, by notification No. 32 (F. No. 203/2/72-ITA. II) dated 15-2-72, is withdrawn with effect from 1st April, 1976, on the rec
Notification: S.O.1572 It is hereby notified for general information that the institution mentioned below has been approved by the Indian Council of Social Science Research, New Delhi, the prescribed authority for the purposes of clause (iii) of sub-section (1) of section 35 of the Income-tax Act, 1961, subject to th
Notification: S.O.1522 It is hereby notified for general information that the approval given under section 35(1)(ii) of the Income-tax Act, 1961, to L. Madan Mohan Lal Ay