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Income Tax Notifications

Stay updated with the latest income tax notifications for changes in tax laws, rates, and compliance requirements. Get insights into income tax updates, exemptions, deductions, and important deadlines through income tax notifications.

Latest Articles


Analysis of Notifications and Circulars for Week ending 1st December 2024

CA, CS, CMA : Explore tax & GST updates for Nov 25–Dec 1, 2024, including safe harbour for diamonds, GST e-invoicing, HC rulings, Section 194N...

December 2, 2024 6345 Views 0 comment Print

Analysis of Notifications and Circulars for Week ending 24th November 2024

CA, CS, CMA : Summary of key notifications in Income Tax, GST, SEBI, and IBBI regulations during the week of Nov 18-24, 2024, covering filing pr...

November 26, 2024 5556 Views 0 comment Print

Resolve Tax Disputes With Vivad Se Vishwas Scheme 2024

Income Tax : The Vivad Se Vishwas Scheme 2024 simplifies tax dispute resolution, offering discounts and waivers to reduce litigation burden. Se...

October 24, 2024 1656 Views 0 comment Print

Analysis of Notifications & Circulars for Week ending 6th October 2024

CA, CS, CMA : Key updates on Income Tax, GST, Customs, DGFT, and SEBI circulars for the week ending 6th October 2024, including Vivad Se Vishwas...

October 9, 2024 1182 Views 0 comment Print

Analyzing India’s High Direct Tax Rate and Low Yield

Income Tax : Explore why India's high direct tax rates yield low revenue. Factors include tax evasion, narrow tax base, complex laws, and admin...

October 8, 2024 384 Views 0 comment Print


Latest News


Representation for Relaxation in VSV Scheme II

Income Tax : Exploring the need for relaxation in Vivad Se Vishwas II Scheme, 2024, addressing issues of pending appeals filed after July 23, 2...

December 21, 2024 5052 Views 1 comment Print

CBI Arrests Two Income Tax Employees in Bribery Case

Income Tax : CBI arrests two Income Tax employees in Silchar for accepting Rs. 4,000 bribe as part of a Rs. 10,000 demand for PAN card closure....

December 6, 2024 423 Views 0 comment Print

Direct Tax Collections Update FY 2024-25 as of Nov 10

Income Tax : Direct tax collections for FY 2024-25 have risen 21.2% gross, with a 15.41% net growth compared to the previous year, reflecting c...

November 12, 2024 720 Views 0 comment Print

CBDT Issues Revised Guidelines for Compounding Income Tax Act Offences

Income Tax : CBDT simplifies compounding procedures under the Income-tax Act, 1961 by reducing charges, removing limits, and easing filing requ...

October 24, 2024 4032 Views 0 comment Print

Salaried & Minors: Income-Tax Rules for TDS/TCS Credit Claims amended

Income Tax : CBDT simplifies TDS for salaried employees and enables parents to claim TCS credit for minors through recent amendments in Income-...

October 18, 2024 4047 Views 1 comment Print


Latest Judiciary


Case Analysis: Kakadia Builders Pvt Ltd Vs ITO (SC) on Settlement Commission

Income Tax : Supreme Court reviews the Kakadia Builders case, addressing Settlement Commission's authority to waive interest under Sections 234...

October 8, 2024 408 Views 0 comment Print

Take practical view of problems faced by assessees for technical glitches on new Income Tax portal: HC

Income Tax : We request the authority concerned to take a practical view of the problems which the assessees are facing as on date on account o...

January 12, 2022 6342 Views 0 comment Print

Once data stored in electronic form, it becomes a customized electronic data which can be exported to qualify for deduction u/s 10A

Income Tax : The issue to be considered is whether the profit earned by the assessee from the activity of recruitment and training of personne...

October 24, 2009 849 Views 0 comment Print


Latest Notifications


No TDS on Payments to Credit Guarantee Fund for MSMEs

Income Tax : Govt. issues notification exempting TDS on payments to Credit Guarantee Fund Trust for Micro and Small Enterprises under Income-ta...

December 20, 2024 198 Views 0 comment Print

Guidance Note 2/2024 on Direct Tax Vivad se Vishwas Scheme, 2024

Income Tax : Circular No. 19/2024 offers clarifications on the eligibility and settlement under the Direct Tax Vivad Se Vishwas Scheme, 2024....

December 17, 2024 3264 Views 0 comment Print

Amendment to Income Tax Notification No. 44/2020

Income Tax : CBDT amends Notification No. 44/2020 under Section 10(23FE) of Income-tax Act. Changes take effect from publication in the Officia...

December 12, 2024 1704 Views 0 comment Print

Income Tax: Tamil Nadu Courts Designated for Black Money Act Cases

Income Tax : Notification designates special courts in Tamil Nadu under the Income Tax Act, 1961, and Black Money Act, 2015, for specific distr...

December 11, 2024 282 Views 0 comment Print

IIIT Hyderabad Approved for Section section 35(1)(ii) Scientific Research Tax Benefits

Income Tax : The Ministry of Finance grants approval to IIIT Hyderabad for scientific research under the Income Tax Act, effective from 2024-25...

December 4, 2024 198 Views 0 comment Print


Latest Posts in Income Tax Notifications

Representation for Relaxation in VSV Scheme II

December 21, 2024 5052 Views 1 comment Print

Exploring the need for relaxation in Vivad Se Vishwas II Scheme, 2024, addressing issues of pending appeals filed after July 23, 2023, for better clarity.

No TDS on Payments to Credit Guarantee Fund for MSMEs

December 20, 2024 198 Views 0 comment Print

Govt. issues notification exempting TDS on payments to Credit Guarantee Fund Trust for Micro and Small Enterprises under Income-tax Act.

Guidance Note 2/2024 on Direct Tax Vivad se Vishwas Scheme, 2024

December 17, 2024 3264 Views 0 comment Print

Circular No. 19/2024 offers clarifications on the eligibility and settlement under the Direct Tax Vivad Se Vishwas Scheme, 2024.

Amendment to Income Tax Notification No. 44/2020

December 12, 2024 1704 Views 0 comment Print

CBDT amends Notification No. 44/2020 under Section 10(23FE) of Income-tax Act. Changes take effect from publication in the Official Gazette.

Income Tax: Tamil Nadu Courts Designated for Black Money Act Cases

December 11, 2024 282 Views 0 comment Print

Notification designates special courts in Tamil Nadu under the Income Tax Act, 1961, and Black Money Act, 2015, for specific districts.

CBI Arrests Two Income Tax Employees in Bribery Case

December 6, 2024 423 Views 0 comment Print

CBI arrests two Income Tax employees in Silchar for accepting Rs. 4,000 bribe as part of a Rs. 10,000 demand for PAN card closure. Investigation continues.

IIIT Hyderabad Approved for Section section 35(1)(ii) Scientific Research Tax Benefits

December 4, 2024 198 Views 0 comment Print

The Ministry of Finance grants approval to IIIT Hyderabad for scientific research under the Income Tax Act, effective from 2024-25.

Functionality to pass Assessment orders in Assessment Module of ITBA

December 4, 2024 3504 Views 0 comment Print

Overview of steps in the ITBA Assessment Module for passing assessment orders, including income computation, feedback, and order generation.

Analysis of Notifications and Circulars for Week ending 1st December 2024

December 2, 2024 6345 Views 0 comment Print

Explore tax & GST updates for Nov 25–Dec 1, 2024, including safe harbour for diamonds, GST e-invoicing, HC rulings, Section 194N exemption & key notifications.

Section 92E Income Tax Return Due Date Extended to 15th December 2024

November 30, 2024 7428 Views 0 comment Print

CBDT extends the due date for filing income tax returns under section 92E for AY 2024-25 from 30th November 2024 to 15th December 2024.

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