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Income Tax Notifications

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.

Latest Articles


CBDT Mandates TCS on 10 new High-Value Luxury Goods wef 22nd April 2025

Income Tax : CBDT Notification 36/2025 requires sellers to collect TCS on luxury goods like watches, art over ₹10 lakh from April 22, 2025. L...

April 23, 2025 2334 Views 0 comment Print

ITR Refund Delays: What You Should Know in 2024-25

Income Tax : Your ITR refund for FY 2024-25 may be delayed due to pending tax issues. Learn why and how to handle notices from the Income Tax D...

April 22, 2025 5724 Views 0 comment Print

Section 270A Penalty For Concealment of Income under Income Tax Act 1961

Income Tax : Understand penalties for under-reporting or misreporting income under Section 270A of the Income Tax Act. Fines range from 50% to ...

April 19, 2025 5061 Views 0 comment Print

Analysis of Notifications and Circulars for Week ending 13th April 2025

CA, CS, CMA : A summary of key updates for Income Tax, GST, RBI, and legal matters issued from April 7-13, 2025, including exemptions, tax forms...

April 15, 2025 4965 Views 0 comment Print

Maximum Marginal Rate Vs. Maximum Rate of Surcharge – A new Controversy

Income Tax : ITAT Mumbai resolves the controversy on surcharge for trusts/AOPs taxed at MMR. Learn about the decision favoring slab-based rates...

April 11, 2025 3030 Views 0 comment Print


Latest News


Exemption From Income Tax on Annual Income Up To ₹12 Lakh

Income Tax : The Finance Bill 2025 proposes tax exemption on income up to ₹12 lakh, revised tax slabs, and a ₹75,000 standard deduction for...

April 3, 2025 2139 Views 1 comment Print

Corporate Tax Concessions in India: Key Deductions & Impact

Income Tax : A summary of corporate tax concessions in India, including key deductions, exemptions, and revenue impact from 2021-24 under the I...

April 3, 2025 357 Views 0 comment Print

Challenges and Solutions for Junior Income Tax Assessment Officers

Income Tax : JAOs face workload imbalances, limited manpower, and systemic issues post-Faceless Assessment Scheme. Suggestions for better resou...

March 26, 2025 309 Views 0 comment Print

JAO Charge Reorganization: ITGOA Seeks Immediate Action

Income Tax : ITGOA urges CBDT to address workload imbalances in JAO charges. Proposes systematic reorganization to ensure equitable distributio...

March 26, 2025 513 Views 0 comment Print

Access By IT Officials To Personal Email, Social Media and Bank Accounts

Income Tax : IT officials can access digital records during searches under IT Act, 1961, but personal emails and social media access is not all...

March 26, 2025 6720 Views 0 comment Print


Latest Judiciary


Case Analysis: Kakadia Builders Pvt Ltd Vs ITO (SC) on Settlement Commission

Income Tax : Supreme Court reviews the Kakadia Builders case, addressing Settlement Commission's authority to waive interest under Sections 234...

October 8, 2024 645 Views 0 comment Print

Take practical view of problems faced by assessees for technical glitches on new Income Tax portal: HC

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...

January 12, 2022 6474 Views 0 comment Print

Once data stored in electronic form, it becomes a customized electronic data which can be exported to qualify for deduction u/s 10A

Income Tax : The issue to be considered is whether the profit earned by the assessee from the activity of recruitment and training of personne...

October 24, 2009 942 Views 0 comment Print


Latest Notifications


Notification u/s 10(46A) of Income Tax Act in case of National Mission for Clean Ganga

Income Tax : The Central Government notifies the National Mission for Clean Ganga as exempt from income tax under Section 10(46A), effective AY...

April 23, 2025 60 Views 0 comment Print

CBDT notifies 10 new items on which TCS needs to be collected

Income Tax : The Central Board of Direct Taxes notifies tax collection at source on the sale of certain goods exceeding 竄ケ10 lakh, effectiv...

April 23, 2025 7281 Views 0 comment Print

CBDT amends form No. 27EQ and added 10 new items for TCS Reporting

Income Tax : Latest income tax rule changes effective April 2025. Form 27EQ updated with new categories for tax collection at source on various...

April 23, 2025 702 Views 0 comment Print

HUDCO Bond Notified as Zero Coupon by CBDT

Income Tax : CBDT notifies HUDCO’s 10-Year Zero Coupon Bond worth ₹5,000 Cr under Section 2(48) of Income-tax Act for infrastructure projec...

April 19, 2025 699 Views 0 comment Print

Section 35(1)(ii): KIMS Foundation Approved for scientific research Tax Benefits  

Income Tax : CBDT approves KIMS Foundation, Hyderabad for scientific research under Section 35 of Income-tax Act, effective FY 2025–26 to AY ...

April 19, 2025 210 Views 0 comment Print


Analysis of Notifications and Circulars for Week ending 24th November 2024

November 26, 2024 5733 Views 0 comment Print

Summary of key notifications in Income Tax, GST, SEBI, and IBBI regulations during the week of Nov 18-24, 2024, covering filing procedures, amendments, and consultations.

CBDT Approves SKAN Research Trust for Section 35(1)(ii) Tax Benefits

November 25, 2024 252 Views 0 comment Print

CBDT grants SKAN Research Trust approval as a research association for scientific research under Section 35 of the Income Tax Act, effective FY 2024-25.

Income Tax exemption Notification for National Aviation Security Fee Trust

November 19, 2024 198 Views 0 comment Print

Notification under section 10(46) of the Income Tax Act, 1961 for National Aviation Security Fee Trust, covering specific income exemptions.

Income Tax Exemption for Haryana District Legal Authorities

November 19, 2024 276 Views 0 comment Print

Notification on income tax exemption for Haryana’s District Legal Service Authorities under Section 10(46) for specified incomes and conditions from FY 2023-2024.

CBDT Specifies e-Filing for Forms 42, 43, and 44

November 19, 2024 2043 Views 0 comment Print

CBDT mandates electronic filing for Forms 42, 43, and 44 under Rule 131 of Income Tax Rules, 1962, effective November 22, 2024. Notification issued by DGIT (Systems).

Delay Condonation for Filing Forms 10-IC & 10-ID: CBDT Circular

November 18, 2024 3843 Views 0 comment Print

CBDT Circular No. 17/2024 outlines guidelines for condoning delays in filing Forms 10-IC and 10-ID for AYs 2020-21 to 2022-23 under Section 119(2)(b).

CBDT Guidelines for Delay Condonation in Forms No. 9A/10/10B

November 18, 2024 9612 Views 0 comment Print

CBDT Circular No. 16/2024 outlines procedures for condoning delays in filing Forms 9A, 10, 10B, and 10BB for AY 2018-19 onwards under Section 119(2)(b).

CBDT Notification on Income Tax Exemption for PNGRB

November 12, 2024 921 Views 0 comment Print

CBDT grants tax exemption to the Petroleum and Natural Gas Regulatory Board for AY 2024-25 under Section 10(46A) of the Income Tax Act, 1961.

Direct Tax Collections Update FY 2024-25 as of Nov 10

November 12, 2024 834 Views 0 comment Print

Direct tax collections for FY 2024-25 have risen 21.2% gross, with a 15.41% net growth compared to the previous year, reflecting corporate and non-corporate gains.

CBDT notifies Monetary Limits for Interest Waiver under Section 220(2)

November 4, 2024 24495 Views 2 comments Print

CBDT sets new monetary limits for waiver of interest on delayed tax payments under Section 220(2) of the Income Tax Act, 1961, effective 4th Nov 2024.

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