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...
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 Sri Palimar Mutt Udupi for the purpose of the said section for the assessment year 1962 63 to the assessment year 1975 76 and from assessment year 1977 78 to assessment year 1980-81.
In exercise of the powers conferred by clause (iv) of sub-section (23C) of section 10 of the Income-tax Act 1961 (43 of 1961) the Central Government hereby notifies The Cancer Foundation Delhi for the purpose of the said section for the assessment years 1979-79 to 1980-81.
In continuation of this Department notification No. 1643 (F. No. 203/7/77-ITA. II) dated the 28th January 1977 it is hereby notified for general information that the institution mentioned below has been approved by the Secretary Department of Agriculture Ministry of Agriculture Government of India New Delhi the prescribed authority for the purposes of clause (a) of sub-section (1) of section 35C of the Income-tax Act 1961 for a further period of three years with effect from 1st April 1979 to 31st March 1982.
That the said Institute will furnish the annual return of its scientific research activities to the prescribed authority for every financial year in such forms as may be laid down and intimated to them for this purpose by 30th April each year.
It is hereby notified for general information that the approval given under section 35(1)(ii) of the Income-tax Act 1961 to Birla Archaeological and Cultural Research Institute Hyderabad (AP) by Notification No. 3963 dated 15th September 1979 is withdrawn with effect from 1st April 1975 to 31st December 1979.
That the Parishad shall send annual statement of accounts and annual report to the Indian Council of Social Science Research as well as to the concerned Commissioner of Income-tax, showing the funds collected by them under the exemption and the manner in which the funds was utilized.
Thophylline Aminophylline and programme Caffeine Development of know how at Level II viz. on pilot plant scale and to collect basic chemical engineering design data.
In pursuance of sub-clause (f) of clause (iii) of sub-section (3) of section 194A of the Income-tax Act 1961 (43 of 1961) the Central Government hereby notifies the Tamil Nadu Handloom Finance and Trading Corporation Limited Madras for the purposes of the said sub-clause.
It is hereby notified for general information that the institution mentioned below has been approved by the Indian Council of Agricultural Research the prescribed authority for the purposes of clause (ii) of sub-section (1) of section 35 of the Income-tax Act 1961.
Circular No. 263-Income Tax Whereas relief under clause (i) of sub-section (1) of section 33 of the Estate Duty Act, 1953 (34 of 1953), in respect of any one building in the occupation of a Ruler declared by the Central Government as his official residence under paragraph 13 of the Merged States (Taxation Concessions) Order, 1949, or paragraph 15 of the Part B States (Taxation
