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...
That the said Centre will furnish the annual return of its scientific research activities to the prescribed authority for every financial year by 30th April, in such forms as may be laid down and intimated to them for this purpose.
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 ” Govind Bhawan Karyalaya, Calcutta “, for the purpose of the said section for and from the assessment year 1974-75.
Circular : No. 211 -Income Tax Section 10(5 ) provides that in the case of an individual being a citizen of India, travel concession or assistance received by or due to an individual from the employer for himself, his spouse and children in connection with his proceeding on leave or on retirement or on termination of service to his “home district” is exempt from income-tax, subject to fulfilment of the conditions laid down in the said
Circular : No. 212 -Income Tax Section 32(1)(iii ) provides for deduction, in the case of any building, machinery, plant or furniture which is sold, discarded, demolished or destroyed in the previous year (other than the previous year in which it is first brought into use), of the amount by which the monies payable in respect of such building, machinery, plant or furniture, together with the amount of scrap value, if any
Circular : No. 210 -Income Tax Section 5A(2) of the Companies (Temporary Restrictions on Dividends) Amendment Act, 1975 effective from March 1, 1975 permits the companies to declare dividends in excess of the distributable profits. However, the dividends in excess of the distributable profits are to be paid after the expiry of two years in two equal annual instalments together with interest due thereon at the rate of 8 per cent per annum
The National Chemical Laboratory, Poona, is a unit of Council of Scientific & Industrial Research, New Delhi, which stands approved under section 10(2)(xiii) of the Income-tax Act, 1922, vide notification No. 34 dated 23rd November, 1946.
The National Chemical Laboratory, Poona, is a laboratory of the Council of Scientific & Industrial Research which has been approved under section 10(2)(xiii) of the Income-tax Act, 1922, vide notification No. 34 dated 23rd November, 1946.
It is hereby notified for general information that the institution mentioned below has been approved by the Central Board of Direct Taxes for the purposes of clause (a) of sub-clause (2) of section 35D of the Income-tax Act, 1961, in the field of refractory manufacturing : Institution
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.
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 ” Rajput Charitable Trust, Jammu “, for the purpose of the said section for and from the assessment year 1972-73.
