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...
Parliament received the assent of the President to Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Act, 2020 on the 29th September, 2020 and unless otherwise provided, it shall be deemed to have come into force on the 31st day of March, 2020.
Central Board of Direct Taxes (CBDT) notifies Income-tax Authorities of Regional Faceless Appeal Centres (RFAC) vide Notification No. 81/2020-Income Tax dated 25th September, 2020. Ministry Of Finance (Department Of Revenue) (Central Board of Direct Taxes) Notification No. 81/2020-Income Tax New Delhi, The 25th September, 2020 S.O. 3309(E).—In exercise of powers conferred by sub-sections (1) and […]
Central Board of Direct Taxes (CBDT) notify the Income-tax Authorities of National Faceless Appeal Centre (NFAC) vide Notification No. 80/2020-Income Tax dated 25th September, 2020. Ministry Of Finance (Department Of Revenue) (Central Board of Direct Taxes) Notification No. 80/2020-Income Tax New Delhi, The 25th September, 2020 S.O. 3308(E).-—In exercise of powers conferred by sub-sections (1) […]
Order No. 182 of 2020 With the approval of the Finance Minister, the following existing posts in the various grades of India Revenue Service are diverted to the newly created National Faceless Appellate Centre (NFAC), Delhi and its four Regional Faceless Appellate Centres (RFACs) at Delhi, Mumbai, Chennai and Kolkata, with immediate effect and until further orders:
CBDT authorises the Assistant Commissioner/Deputy Commissioner of Income-tax (National e-Assessment Centre) for the purpose of issuance of notice under sub section (2) of section 143 of the Income Act, 1961.vide Notification No. 79/2020-Income Tax dated 25th September, 2020. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) Notification No. 79/2020-Income Tax New Delhi, […]
CBDT amends Notification No. 51/2014 dated 22nd October, 2014 vide Notification No. 78/2020-Income Tax dated 25th September, 2020 related to jurisdictions of Principal CITs & CCITs. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) Notification No. 78/2020-Income Tax New Delhi, the 25th September, 2020 S.O. 3303(E).—In exercise of the powers conferred under […]
For the purposes of giving effect to the Faceless Appeal Scheme, 2020 made under sub-section (6B) of section 250 of the Act, the Central Government hereby makes the following directions, namely:-
This Scheme may be called the Faceless Appeal Scheme, 2020. The appeal under this Scheme shall be disposed of in respect of such territorial area or persons or class of persons or incomes or class of incomes or cases or class of cases, as may be specified by the Board.
OFFICE ORDER – 2 Subject: Setting up of RFAC under Faceless Appellate Scheme, 2020- reg- In pursuance of para 4 of S.O. 3296 (E) Notification No. 76/2020/F.No. 370142/33/2020-TPL, dated the 25th September, 2020 notifying the Faceless Appeal Scheme, 2020 and powers conferred under section 250 (6B) of the Income-tax Act, 1961, the Central Board of Direct Taxes hereby sets up the Regional Faceless Appellate Centres (hereinafter referred to as the RFACs), which shall have their headquarters at the places mentioned at column (3) and shall comprise of the following Income-tax Authorities:
OFFICE ORDER – 1 Subject: Setting up of NFAC under “Faceless Appellate Scheme, 2020”- reg In pursuance of para 4 of S.O. 3296 Notification No 76/2020/F.No 370142/33/2020-TPL,dated the 25th September, 2020, notifying the Faceless Appeal Scheme, 2020 and powers conferred under section 250 (6B) of the Income-tax Act, 1961, the Central Board of Direct Taxes hereby sets up the National Faceless Appellate Centre (hereinafter referred to as the NFAC), which shall have its headquarters at Delhi and shall comprise of the following Income-tax Authorities: –
