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.
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In the Income-tax (Amendment) Rules, 1971, published with the notification, the Central Board of Direct Taxes No. S. O. 1917, dated the 20th February, 1971, at pages 1195-1226/5 of the Gazette of India, Extraordinary, Part II, Section 3, sub-section (ii), dated the 22nd February, 1971, This not
It is hereby notified for general information that the Ministry of Finance (Department of Revenue & Insurance) makes the following amendment in their notification No. 58/F. No. 10/36/64-ITA.I dated 1st August, 1964— This notification contains Amendment to Income-tax Act carried
Circular No. 70-Income Tax Section 185(1) has been amended by the Taxation Laws (Amendment) Act, 1970, by the insertion of an Explanation , under which a firm shall not be regarded as a genuine firm if any partner of the firm was, in relation to the whole or any part of his share in the income or property of the firm
Circular No. 69-Income Tax Attention is invited to the provisions contained in clause (xx) of sub-section (1) of section 5. Clause (xx) exempts from wealth-tax the value of any equity shares held by the assessees in any company of the type referred to in clause (d) of section 45 where such shares form part of the initial issue of equity share capital made by the company after March 31, 1964
Circular No. 68-Income Tax The Board are advised that a mistake arising as a result of a subsequent interpretation of law by the Supreme Court would constitute “a mistake apparent from the records” and rectificatory action under section 35/154 of the 1922 Act/the 1961 Act would be in order. It has, therefore, been decided that where an assessee moves an application under section 154
Thiruvali Sri Lakshmi Narasimha Perumal Sannadhi—P. O. Thiruvali, Taluk Sirkali, District Tanjore
Notification: S.O.181 Lokmanya Tilak Hospital Silver Jubilee Research Foundation, Bombay has been approved by the Indian Council of Medical Research, the prescribed authority , for the purposes of clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961 :
Notification: S.O.180 Raghvendra Industrial Research Foundation, Delhi It is hereby notified for general information that the institution mentioned below has been approved by the Council of Scientific and Industrial Research,
1. Shree Sidhi Vinayak Temple, Sarasbagh. 2. Shree Deva Deveshwar Temple, Parvati. 3. Shree Vishnu Narayan Temple, Parvati.
In the notification of the Central Board of Direct Taxes No. S. O. 2272, dated the 31st May, 1971, published at pages 2239/2242 of the Gazette of India, Extraordinary, Part II, Section 3, sub-section (ii), dated the 1st June, 1971,—