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 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 new law replaces time-bound approvals with continuous compliance monitoring for charitable entities. Registration now survives...
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...
CBDT notifies vide Notification No. 134/2021- Income Tax, Dated: 06.12.2021 that Jeevan Akshay-VII Plan of the Life Insurance Corporation of India qualifies for deduction under section 80C of Income Tax Act, 1961. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) New Delhi, the 6th December, 2021 Notification No. 134/2021- INCOME–TAX S.O. 5056(E).—In […]
Vide Office Order No. 321 of 2021 transfer/postings of 31 officers in the grade of Principal Commissioners of Income Tax/Principal Directors of Income Tax, are ordered by CBDT and in addition to that 83 officers are given additional charge in the grade of PCIT/PDIT. F. No. A-22011/6/2021-Ad-VI Government of India Ministry of Finance Department of […]
Guidelines under sub-section (4) of section 194-0, sub-section (3) of section 194Q and subsection (1-I) of section 206C of the Income-tax Act, 1961
Office Order No. 318 of 2021- The following transfer/postings of the officers in the grade of Chief Commissioners of Income Tax/Director Generals of Income Tax, are hereby ordered with immediate effect and until further orders
Vide Notification No. 133/2021-Income Tax | Dated: 23rd November, 2021 CBDT notifies Tax Exemption to ‘Haryana State Legal Services Authority’ Panchkula (PAN AAALH0475J), an authority constituted by the State Government of Haryana, in respect of the specified income under section 10(46) of Income Tax Act, 1961. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF […]
CBDt notifies revised FORM NO. 52A– Statement to be furnished to the Assessing Officer under section 285B of the Income-tax Act, 1961, in respect of production of a cinematograph film under Rule rule 121A of Income-tax Rules, 1962 vide Notification No. 132/2021-Income Tax Dated: 23rd November, 2021. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD […]
Notification No. 06 of 2021 – Granting of Non-Functional Up-Gradation (NFU) In The Higher Administrative Grade (HAG) to 66 officers of the Indian Revenue Service. Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes ****** New Delhi, dated the 15th. November, 2021. 24 Kartik, 1943 (SAKA) NOTIFICATION NO. 06 OF […]
Vide Notification No. 131/2021- Income Tax, Dated: 10.11.2021 CBDT notifies Tax Exemption to ‘Assam Building and Other Construction Workers Welfare Board’ in respect of the specified income under section 10(46) of Income Tax Act, 1961. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 10th November, 2021 S.O. 4637(E).—In exercise […]
Office Order No. 306 of 2021 – Promotion of officers on regular basis in the grade of Joint Commissioner of Income Tax (JCIT) F. No.A-32012/1/2021-Ad.VI Government of India Ministry of Finance Department of Revenue (Central Board of Direct Taxes) North Block, New Delhi. The 08th November, 2021. OFFICE ORDER NO. 306 OF 2021 The president […]
Office Order No. 304 of 2021 – Promotion of officers to the grade of Commissioner of Income Tax (CIT) on in-situ basis F. No. A-32011/2/2021-Ad.VI Government of India Ministry of Finance Department of Revenue (Central Board of Direct Taxes) North Block, New Delhi, The 08th November. 2021. Office Order No. 304 of 2021 Consequent upon […]
