Sponsored
    Follow Us:

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


Amendments in Form – 3CD for AY 2023-2024

Income Tax : CBDT updates Form 3CD for AY 2023-2024, including major amendments for tax audit reporting. Essential insights for professionals a...

March 7, 2024 8913 Views 0 comment Print

Amendment in Form 3CEB by Income Tax Notification dated 05.03.2024

Income Tax : Key updates to Form 3CEB for specified domestic transactions, following CBDT Notification No. 27/2024, enhancing reporting require...

March 6, 2024 2058 Views 0 comment Print

Breakdown of Income Tax Circular No. 20 of 2023 dated December 28, 2023

Income Tax : Explore resolutions for CBDT Circular No. 20/2023 issues: TDS responsibilities, fees inclusion, treatment of taxes, purchase-retur...

January 27, 2024 9510 Views 0 comment Print

Understanding Income Tax Notices: Types, Meanings and Proper Responses

Income Tax : Demystify Income Tax Notices: Learn about various types, meanings, and effective responses. Explore notices under Section 143(1), ...

June 8, 2023 2283 Views 0 comment Print

Response to Notices & Letters Received under e-Verification Scheme, 2021- FAQs

Income Tax : When a financial transaction reported by a Source/Reporting Entity is not considered/included by the taxpayers in their Return of ...

May 20, 2023 13074 Views 0 comment Print


Latest News


Budget Memorandum 2024 & suggested Amendments to Income-tax Act 1961

Income Tax : Explore the Malad Chamber of Tax Consultants' 2024 Pre-Budget Memorandum proposing crucial amendments to the Income Tax Act, 1961,...

June 20, 2024 3267 Views 0 comment Print

Income Tax Returns Invalid if Unverified Within Time Limit: CBDT

Income Tax : Stay updated with the latest notification from the Ministry of Finance, Department of Revenue, Central Board of Direct Taxes regar...

April 4, 2024 4179 Views 0 comment Print

Inventory Valuation: Cost Accountants Empanelment by Delhi Income Tax Office

Income Tax : ITD Delhi invites Cost Accountant firms/LLPs for empanelment for inventory valuation services. Apply by the deadline to be part of...

February 15, 2024 678 Views 0 comment Print

Faceless Tax Assessment: Impact, Benefits & Redressal Measures: Govt. Response

Income Tax : Explore the impact of faceless tax assessment, benefits, and government's steps to address taxpayer grievances. Get insights into ...

February 7, 2024 894 Views 0 comment Print

CBDT Notifies Income Tax Return Forms for A.Y. 2024-25 Well in Advance

Income Tax : Stay ahead of tax compliance! Explore the latest Income Tax Return Forms (ITR Forms) notified by CBDT for A.Y. 2024-25. Get insigh...

February 2, 2024 1494 Views 0 comment Print


Latest Judiciary


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 6252 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 777 Views 0 comment Print


Latest Notifications


Section 10(46) exemption to Uttaranchal Board of Technical Education

Income Tax : Explore the latest Income Tax notification (Notification No. 53/2024) by the Ministry of Finance. Detailed analysis of specified i...

July 15, 2024 132 Views 0 comment Print

Section 138(1)(a) of Income-tax Act: Information Sharing with Telangana Government

Income Tax : CBDT directs DGIT (Systems) to share income tax information with Telangana's Agriculture Department as per Section 138(1)(a) of th...

July 9, 2024 318 Views 0 comment Print

Section 138 Notification: Agriculture Production Commissioner, Telangana specified

Income Tax : Discover the latest Income Tax Act notification under section 138 for Telangana by the Ministry of Finance. Details on the designa...

July 9, 2024 201 Views 0 comment Print

Guidelines for issuance of notice u/s 148 of the Income Tax Act, 1961

Income Tax : Explore the latest guidelines for issuing notice under Section 148 of the Income Tax Act, 1961. Understand key procedures, amendme...

June 28, 2024 12483 Views 0 comment Print

CBDT Order under DTVsV Act 2020 on acceptance of delayed Payment

Income Tax : CBDT order allows delayed tax payments under DTVsV Act conditions, easing compliance for taxpayers. Details on Form-3 modification...

June 27, 2024 906 Views 0 comment Print


No Tax on issue of share capital by eligible start-ups at excess premium: CBDT

May 24, 2018 9465 Views 1 comment Print

Central Government, hereby notifies that the provisions of clause (viib) of sub-section (2) of section 56 of the said Act shall not apply to consideration received by a company for issue of shares that exceeds the face value of such shares, if the consideration has been received for issue of shares from an investor in accordance with the approval granted by the Inter-Ministerial Board of Certification

Early hearing should be granted by ITAT Bench: Delhi HC

May 24, 2018 1464 Views 0 comment Print

Hon’ble Delhi High Court, vide order dated 4th May, 2018 In the case of Dr. Prannoy Roy in W.P.(C) 4742/2018 &CM Appl. 18248-18249/2018 and Another, has held that early hearing should be granted by the Bench of the ITAT instead of the usual practice of granting early hearing by the administrative head at the respective station.

CAs cannot do Valuation of unquoted equity shares under DCF method

May 24, 2018 94158 Views 0 comment Print

Amendment in Rule 11U and 11UA omitting reference to the term accountant, thereby permitting only merchant bankers to determine the FMV of unquoted equity shares as per the Discounted Free Cash Flow Method

Notification reg. placement of 121 JCIT in Selection Grade (NFSG)

May 11, 2018 1062 Views 0 comment Print

NOTIFICATION NO. 06 OF 2018- The following Joint Commissioners of Income Tax are, hereby placed in the Selection Grade (NFSG) (Level 13 in the Pay matrix) (Pay Band-4 of Rs. 37,400 — 67,000 + Grade Pay of Rs. 8,700/-) (Pre-revised) with effect from 01.01.2018:

Order No. 65/2018 : Extension of ad-hoc appointments of 162 ACITs

May 11, 2018 915 Views 0 comment Print

In continuation of order No. 62/2016 dated 07.04.2016, No. 177/2017 dated 10.10.2017 and 03/2018 dated 03.01.2018, the President is pleased to extend the ad-hoc appointments of the following Assistant Commissioner of Income Tax for the vacancy year 2014-15 from 07.04.2018 to 06.10.2018

CBDT notifies Foreign Oil Companies eligible for exemption U/s. 10(48A)(ii)

May 8, 2018 1458 Views 0 comment Print

Central Government, having regard to the national interest, hereby notifies the following foreign companies and agreement, for the purposes of clause (ii) of the proviso to clause (48A) of section 10 of the Income-tax Act, 1961

Manual Order Upload functionality in ITBA Assessment Module -Regarding

May 7, 2018 14778 Views 0 comment Print

ITBA is designed as a comprehensive platform in which all the processes of Department can be completed online in the System. For performing any action on any proceeding in system, a key pre-requisite that the base order of the proceeding should exist in the system.

Dedicated fortnight for Income Tax Appeal Effect & Rectification

May 7, 2018 3267 Views 3 comments Print

During the period of 1st to 15th June, 2018, all assessing officers shall accord top priority to work of giving appeal effect and passing the rectification orders, and shall earmark the first half of the day to meet applicants/ counsels who seek to have a hearing to explain their case.

Protocol to amend India-Kuwait DTAA notified

May 4, 2018 963 Views 0 comment Print

S.O. 1823(E).—Whereas the Protocol amending the Agreement between the Government of the Republic of India and the Government of the State of Kuwait for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income which was signed at New Delhi on 15th June, 2006 has been signed at Kuwait on the 15th January, 2017

Order No. 61 of 2018- Transfer & Posting of ACIT/DCIT grade

May 4, 2018 2727 Views 0 comment Print

Order No. 61 of 2018 The following transfers/postings in the grade of Assistant / Deputy Commissioner of Income Tax are, hereby, ordered with immediate effect and until further orders:-

Sponsored
Search Post by Date
July 2024
M T W T F S S
1234567
891011121314
15161718192021
22232425262728
293031