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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 : This analysis explains how Parliament designed Sections 11 to 13 to ensure that tax-free income is ultimately used for charitable ...
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: 1234 It is hereby notified for general information that the following scientific research programme has been approved for the period specified below for the purposes o
Notification: S.O.1623 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 Shri Athinathar Alwar Temple, Alwarthirunagari, Tirunelveli Distt, to be a place of public worship of renown throughout the State of Tamil Nad
Notification: S.O.1452 It is hereby notified for general information that the approval given under section 35(1)(ii) of the Income-tax Act, 1961, to Belle Vue Clinic, Calcutta, by notification No. 22 (F. No. 10/12/66-ITA. I) dated the 31st March, 1967, is withdrawn with effect from 1st April, 1976, on the recom
Notification: S.O.1302 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 Shri Kalahastheeswaran Swami Thirukoil, Dindigul, to be a place of public worship of renown throughout the State of Tamil Nadu for the purposes of the said sectio
Notification: S.O.1087 Kishore Bharati, Bankheri, District Hoshangabad (M.P.) The notification is effective from 1-4-75 to 31-3-77
Notification: S.O.1163 Centre for Development Studies, Trivandrum, Kerala. The notification takes effect from 1st April 1975
Notification: S.O.1162 It is hereby notified for general information 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 the fulfilment of the follo
Notification: S.O.1161 i) That the Centre for the Study of Developing Societies, Delhi, shall maintain separate accounts of the funds collected by the under the exemption. (ii) That such
Notification: S.O.172 It is hereby notified for general information that the approval given under section 35(1)(ii) of the Income-tax Act, 1961, to B. Y. L. Nair Hospital and T. N. Medical College Research Society, Bombay, by notification No. 149 (F. No. 10/57/67-ITA. I) dated 6th November, 1967, is withdrawn with effect from 31st January, 1976, on the recommendation of the prescribed authority, the Indian Council of Medical Research, New Delhi
Circular : No. 189 -Income Tax Reference is invited to the Board’s Letter F. No. 10/49/65-IT(A-I),-dated14-10-1965 [see Sl. No. 266] which, inter alia explained the position regarding the creation of statutory reserve for allowance of development rebate as follows
