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 sub-section (2)(b) of section 80G of the Income-tax Act 1961 (43 of 1961) the Central Government hereby notifies Shri Tulja Bhavani Mandir Trust, Tuljapur to be a place of public worship of renown throughout the State of Maharashtra for the purposes of the said section.
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 assessment year 1973-74 to 1979-80.
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 the Arcot Lutheran Church Siloam for the purpose of the said section for assessment year 1977-78 1979-79 and 1979-80.
That the association shall send an annual report to the Indian Council of Social Science Research, New Delhi, showing the funds collected under the exemption and the manner in which the funds were utilized.
That the foundation shall send annual statement of accounts and annual report to the ICSSR as well as to the Commissioner of Income-tax showing the funds collected by them under the exemption and the manner in which the funds were utilized.
Circular No. 261-Income Tax In terms of rule 80 of the Compilation of the Treasury Rules, if a cheque or draft tendered in payment of Government dues and accepted under the provisions of rule 79 is honoured on presentation, the payment is deemed to have been made on the date on which it was handed over to the Government bankers. The need to indicate on the
It is hereby notified for general information that the approval given under section 35(1)(ii) of the Income-tax Act, 1961 to Tata Iron Steel Industry Jamshedpur by notification No. 34 dated 24-11-1946 is withdrawn w.e.f. 1st January 1979 on the recommendation of the prescribed authority the Secretary Department of Science Technology New Delhi.
That the said Centre will furnish the annual return of its scientific research activities to the prescribed authority for every financial year in such form as may be laid down and intimated to them for this purpose, by 30th April, each year.
Circular No. 260 -Income Tax Attention of the Chambers of Commerce is invited to the provision contained in sub-section (4) of section 182 which requires that “a registered firm may retain out of the shares of each partner in the income of the firm a sum not exceeding 30 per cent thereof until such time as the tax which may be levied on the partner in respect of that share is
It is hereby notified for general information that the concern mentioned below has been approved by the Central Board of Direct Taxes for the purpose of clause (a) of sub-section (2) of section 35D of the Income-tax Act 1961 in the field of Technological Engineering and Management consultancy.
