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.
Income Tax : The issue addressed complexity arising from multiple TDS declaration forms. The new framework replaces them with a single Form 121...
Income Tax : The ruling clarifies that unauthenticated digital chats and screenshots cannot form the sole basis of tax additions without proper...
Income Tax : Courts held that investment in under-construction property qualifies as construction under Sections 54/54F. Deduction cannot be de...
Income Tax : The new Act reorganises sections, rules, and forms without changing core transfer pricing principles. Taxpayers must adapt to upda...
Income Tax : The new framework eliminates mandatory renewals and replaces them with continuous monitoring. Donor eligibility now depends on sus...
Income Tax : The issue was complexity in the existing tax law. It was clarified that the new Act simplifies structure by reducing sections and ...
Income Tax : The tax department clarified that no search or restriction was carried out against the individual. It termed the allegations basel...
Income Tax : The audit found widespread incorrect claims of deductions for bad debts and reserves. It highlights the need for stricter verifica...
Income Tax : The government replaced the six-decade-old law with the Income-tax Act, 2025. The reform aims to simplify compliance through clear...
Income Tax : A CBI court sentenced seven individuals to four years imprisonment for manipulating tax systems using forged records. The case hig...
Income Tax : The ruling clarifies that unauthenticated digital chats and screenshots cannot form the sole basis of tax additions without proper...
Income Tax : The case involved denial of deduction due to delayed execution of purchase deed. The Tribunal held that investment in an under-con...
Income Tax : Gujarat High Court upheld the deletion of a Section 271D penalty, ruling that the assessment order did not record satisfaction for...
Income Tax : Supreme Court reviews the Kakadia Builders case, addressing Settlement Commission's authority to waive interest under Sections 234...
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...
Income Tax : The consolidation into Form 121 introduces stricter documentation and reporting obligations. The decision emphasizes accountabilit...
Income Tax : A corrigendum fixes multiple drafting and referencing mistakes in income tax rules. The update ensures clarity without altering su...
Income Tax : CBDT clarified the presentation of error categories in Form U. The update ensures clearer reporting of incorrect income heads and ...
Income Tax : The corrigendum corrects technical errors in multiple ITR schedules, including CG and CYLA. It ensures accurate reporting and smoo...
Income Tax : CBDT corrected multiple clerical and structural errors across income tax return schedules. The changes ensure accurate reporting a...
This notification contains amendments to Income-tax Act carried out on 25th April, 1980 not reproduced here as it is already contained in the body of the rules itself.
It is hereby notified for general information that the approval given under section 35(1)(ii) of the Income-tax Act, 1961, to the Indian Institute of Plant Engineers, Madras, by notification No. 1427 dated 6-8-1976 is withdrawn with effect from 1-1-1980 on the recommendation of the prescribed authority, the Secretary, Department of Science & Technology, New Delhi.
Circular No. 267-Income Tax I am to invite your attention to this Office Letter No………..regarding deduction of income-tax and surcharge from interest on Government securities during the financial year 1979-80.
Circular No. 266-Income Tax I am directed to invite a reference to this Ministry’s (Department of Revenue) Circular No. 252 [F. No. 275/16/79/-IT(B], dated 26-4-1979/10-5-1979 on the subject of deduction of income-tax from salaries paid during the year 1979-80.
Notification No. S.O.1830-Income Tax It is hereby notified for general information that the approval given under section 35(1)(ii) of the Income-tax Act, 1961, to the Protein Foods & Nutrition Association of India, Bombay, by notification No. 494/F. No. 203/38/73ITA-II with effect from 8-11-1973 is withdrawn with effect from 17-3-1980 on the recommendation of the prescribed authority, the Secretary, Department of Science & Technology, New Delhi.
It is hereby notified for general information that the institution mentioned below has been approved by the Secretary, the Department of Science & Technology, New Delhi, the prescribed authority for the purposes of clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961, read with rule 6(iv) of the I. T. Rules, 1962, under the category of “Association” in the area of other natural or applied sciences, subject to the following conditions.
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 Kurukshetra Development Board, Kurukshetra, for the purpose of the said section for the assessment year(s) 1969-70 to 1980-81.
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 Srirangam Srimad Andavan Periasramam for the purpose of the said section for the assessment year 1980-81.
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 Gita Bhawan Trust, Moga, for the purpose of the said section for the assessment year(s) 1978-79, 1980-80 and 1980-81.
Circular No. 265-Income Tax In Board’s Circular No. 261 dated 8-8-1979 [Clarification 1] it was stated that the Reserve Bank of India has requested the authorised public sector banks to “brand” the challan with the “inward receipt stamp” which should, inter alia, contain the date of tender of the cheque/draft and the date of its realisation.
