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 article examines whether Section 58(3) of the Income-tax Act, 2025 makes tax audit compulsory whenever profits fall below 6%, ...
Income Tax : Income may become tax-free under the new tax regime because of the standard deduction and Section 87A rebate, but ITR filing may s...
Income Tax : The issue concerns whether declaring profits below the presumptive rate automatically triggers tax audit or whether turnover thres...
Income Tax : The article analyses whether declaring profits below presumptive rates automatically triggers tax audit under the Income-tax Act, ...
Income Tax : This analysis explains how charitable and religious trusts qualify for exemption under Sections 11 to 13 of the Income-tax Act. It...
Income Tax : Net direct tax collections for FY 2026-27 grew by 14.64% as of June 17, 2026, driven by higher corporate and non-corporate tax rec...
Income Tax : Association requested CBDT to rationalize CASS 2026 case selection considering the administrative burden caused by implementation ...
Income Tax : The data shows a steady increase in net direct tax collections driven by higher corporate and non-corporate tax revenues. It highl...
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 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 : CBDT has notified the Indian Institute for Human Settlements as an approved institution for social science and statistical researc...
Income Tax : CBDT has clarified that lessees need not deduct TDS on ship lease payments once the IFSC lessor submits Form 1(N), provided the Se...
Income Tax : CBDT has notified tax exemption for specified income of the Mussoorie Dehradun Development Authority under section 10(46). The not...
Income Tax : Exercising powers under Section 119(2)(b), CBDT has condoned delays in Form 10AB filing for eligible cases. The Circular does not ...
Income Tax : CBDT has approved a scientific research institution under the Income-tax Act, 2025 for tax years 2026-27 to 2030-31. The notificat...
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.
Procedure, format and standards for filing an application for grant of certificate for deduction of Income-tax at any lower rate or no deduction of Income-tax under sub-section (1) of Section 197/collection of the tax at any lower rate under sub-section (9) of Section 206C of the Income-tax Act, 1961 through TRACES
The President is pleased to appoint the following IRS officers in the grade of Assistant Commissioner of Income Tax (Junior Scale) in the Level 10 in the pay matrix Rs. 56100-177500 in a substantive capacity in the grade with effect from the date(s) indicated against each of them: –
