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...
It is hereby clarified that section 56(2)(viia) of the Act shall apply in cases where a specified company or firm receives the shares of the specified company through transfer for no or inadequate consideration. Hence, the provisions of section 56(2)(viia) of the Act shall not be applicable in cases of receipt of shares by the specified company or firm as a result of fresh issuance of shares as mentioned in para 2 above, by the specified company.
Order No. 225 of 2018 – Consequent upon approval of the Competent Authority, following officers are, hereby, promoted to the grade of Chief Commissioner of Income Tax (CCIT) (level 16 in the pay matrix Rs. 2,05,400-2,24,400/-) on in-situ basis w.e.f. the date of assumption of charge of the post by them and until further orders:
Office Order No. 224 of 2018 The following Principal Commissioners of Income Tax are hereby transferred and posted as per the table below, with immediate effect and until further orders:
OFFICE ORDER NO. 223 OF 2018 The following officers in the grade of Pr. CCIT / Pr. DGIT / CCIT / DGIT are. hereby, ordered to hold the charge(s) as indicated against their names, in addition to their substantive charge / additional charge (s), if any, being held by them, with immediate effect and until further orders: –
OFFICE ORDER NO. 221 OF 2018 The President is pleased to appoint the following officers of Indian Revenue Service to the grade of Joint Commissioner of Income Tax (JCIT) purely on ad-hoc basis in Level — 12 in the pay matrix Rs. 78800-209200, for a period of one year, w.e.f. 01.01.2019
We are in the final phase of completion of the time barring work u/s 143(3), 147, 153 A/C before the midnight of 31st Dec 2018. Please find attached the latest position in MIS as available on system. At this critical juncture it is pertinent to draw attention to some critical tasks which must be completed by Assessing Officers (AO) by 4 pm today to avoid any last minute glitches in passing of orders in all the time barring cases as under:
F.No. A-22011/1/2018-Ad.VI-(Part) Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes ****** North Block, New Delhi The 31st December, 2018 Office Order No. 222 of 2018 On return from Deputation. the following officers are. hereby, posted as Pr. CIT (OSD) in the Principal (CCA) CCIT Region as indicated against their […]
OFFICE ORDER NO. 222 OF 2018 On return from Deputation, the following officers are, hereby, posted as Pr. CIT (OSD) in the Principal (CCA) CCIT Region as indicated against their names, as per TPG, 2010, with effect from the date of their reporting back to the Board and until further orders: –
Notification No. 21 The following Assistant Commissioners of Income Tax (Junior Scale) are, hereby, appointed to officiate as Deputy Commissioner of Income Tax (Senior Time Scale) in Level 11 in the pay matrix Rs. 67700-208700/- with effect from the date as indicated against their name or the date of assumption of charge, whichever is later: –
A Training Environment has been introduced in the Investigation Module of ITBA to enable officers posted in the Investigation Directorates to have a dry run of the process for recording details of search and survey proceedings and generating Two Hourly Report, Preliminary Search Report and Appraisal Report.
