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 article examines whether Section 58(3) of the Income-tax Act, 2025 makes tax audit compulsory whenever profits fall below 6%, ...
Income Tax : Income may become tax-free under the new tax regime because of the standard deduction and Section 87A rebate, but ITR filing may s...
Income Tax : The issue concerns whether declaring profits below the presumptive rate automatically triggers tax audit or whether turnover thres...
Income Tax : The article analyses whether declaring profits below presumptive rates automatically triggers tax audit under the Income-tax Act, ...
Income Tax : This analysis explains how charitable and religious trusts qualify for exemption under Sections 11 to 13 of the Income-tax Act. It...
Income Tax : Net direct tax collections for FY 2026-27 grew by 14.64% as of June 17, 2026, driven by higher corporate and non-corporate tax rec...
Income Tax : Association requested CBDT to rationalize CASS 2026 case selection considering the administrative burden caused by implementation ...
Income Tax : The data shows a steady increase in net direct tax collections driven by higher corporate and non-corporate tax revenues. It highl...
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 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 : CBDT has notified the Indian Institute for Human Settlements as an approved institution for social science and statistical researc...
Income Tax : CBDT has clarified that lessees need not deduct TDS on ship lease payments once the IFSC lessor submits Form 1(N), provided the Se...
Income Tax : CBDT has notified tax exemption for specified income of the Mussoorie Dehradun Development Authority under section 10(46). The not...
Income Tax : Exercising powers under Section 119(2)(b), CBDT has condoned delays in Form 10AB filing for eligible cases. The Circular does not ...
Income Tax : CBDT has approved a scientific research institution under the Income-tax Act, 2025 for tax years 2026-27 to 2030-31. The notificat...
Notification: S.O.1684 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 hereb
Circular : No. 192 -Income Tax The Board have considered the question of allowability under section 37(1), expenditure incurred on training of apprentices covered under the Apprentices Act, 1961. Any expenditure to qualify for deduction under section 37(1) must be laid out or expended wholly and exclusively for the purposes of the business or profession carried on by the assessee.
Notification: S.O.1724 It is hereby notified for general information that the following research programme has been approved by the prescribed authority, the Indian Council of Medical Research, New Delhi, for the purposes of sub-section (2A) of section 35 of the Income-tax Act, 1961. The approval is being granted
Notification: S.O.1677 It is hereby notified for general information that the instituion mentioned below 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, for research purposes only. The Insti
Circular : No. 191-Income Tax The Board have considered the question whether an Income-tax clearance certificate under section 230A is necessary in a case where the Government is a transferor. They are advised that the expression “person” appearing in section 230A has been used only in the context of those entities which are required to pay income-tax and taxes under various
Circular : No. 190 -Income Tax Reference is invited to the Board’s Circular No. 142 [F. No. 204/25/74-IT-(A-II)], dated 1-8-1974, whereby the Board had issued clarification that the amount of subsidy received under “10 per cent Central Outright Grant of Subsidy Scheme, 1971” for industrial units to be set up in certain selected backward districts/areas would constitute capital receipt in the hands of the recipient.
Notification: S.O.1574 Duration of Programme : 5 years w.e.f. 1st April, 1975. Cost of Project : Between 7 to 8 crores. ——
Notification: S.O.1573 Sri Avinashilingam Home Science College for Women, Coimbatore. This noti
Notification: S.O.1524 It is hereby notified for general information that the approval given under section 35(1)(ii) of the Income-tax Act, 1961, to Cadila Laboratories, Ahmedabad, by notification No. 566 (F. No. 203/15/73-ITA. II) dated 27th February, 1974, is withdrawn w.e.f. 1st April, 1976, on the reco
Notification: S.O.134(E) This notification contains Amendment to Income-tax (Amendment) Rules, 1976 carried out on February 23, 1976 not reproduced here as it is already contained in the body of the Rules itself.
