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...
A new CBDT notification recognizes the Central Board of Secondary Education (CBSE) under section 10(46) of the Income-tax Act, exempting specific incomes from tax until 2030-31.
The Ministry of Finance has granted a tax exemption to the Maharashtra State Pharmacy Council for specific income types from FY 2018-19 to 2022-23.
CBDT notifies tax exemption for Rabindra Setu Commissioners, Kolkata, on specified income sources for AYs 2024-25 to 2028-29 with conditions.
A new CBDT notification grants the Lucknow Development Authority special status under section 10(46A) of the Income-tax Act, 1961, effective from the 2024-25 assessment year.
The CBDT has published a new notification to amend Income-tax Rule 2DCA, aligning it with recent changes to Section 10(23FE) and extending key deadlines to 2031-32.
CBDT has granted IIT Madras Research Park approval for scientific research under Section 35(1)(iia) of Income Tax Act for a five-year period.
Summary of notifications and circulars from August 18-24, 2025, covering new income tax rules for employee perquisites, GST updates, and SEBI consultations on block deals.
The Ministry of Finance has exempted specific income of the Karnataka Building and Other Construction Worker Welfare Board from income tax for the years 2026-2031 subject to certain conditions.
CBDT grants Section 10(46) tax exemption to Credit Guarantee Fund Trust for Animal Husbandry and Dairying on specified income, effective AY 2025–26 to 2029–30.
The Ministry of Finance has exempted the Kanpur Development Authority from income tax under Section 10(46A) of the Income-tax Act, 1961, effective from AY 2024-25.
