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...
Nagpur Chamber of Commerce requests a two-month extension for audit assessees’ income tax returns, citing delayed ITR forms, portal issues, and upcoming festivals.
The CBDT issued an order amending the scope of the e-Appeals Scheme 2023. It now covers appeals filed before October 1, 2020, against assessment orders with a disputed demand exceeding Rs.25 lakhs.
The Chamber of Tax Consultants requests a 15-day extension for non-audit ITR filings due on 15 Sept 2025, citing portal glitches and taxpayer hardships.
CBDT exempts Tamil Nadu Electricity Regulatory Commission under section 10(46A) of the Income-tax Act, effective from AY 2024-25
CBDT notifies Ghaziabad Development Authority under section 10(46A) of the Income-tax Act, granting exemption from AY 2024-25 with retrospective effect.
Central Board of Direct Taxes has extended due date for filing Income Tax Returns for non-auditable assesses from September 15, 2025, to September 16, 2025.
The Sales Tax Bar Association formally requested an extension for the Tax Audit Report filing deadline, citing timeline clashes, technical glitches, and late utility releases.
Advocates’ Tax Bar Association requests an extension of ITR and tax audit deadlines for AY 2025-26, citing e-filing portal glitches and compliance overlap.
The Rajasthan Tax Consultant’s Association has requested an extension for the tax audit report and ITR filing deadline to November 15, 2025.
CBDT modifies Circular No. 9 of 2022, extending the deadline for investments under clause 23FE of the Income-tax Act from March 2025 to March 2030.
