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...
The Ministry of Finance has amended the Income-tax Rules, 1962, updating Form No. 7 to include block period alongside assessment year from September 1, 2025.
The Central Board of Direct Taxes has granted income tax exemption to the Parambikulam Tiger Conservation Foundation on specific income types for multiple assessment years.
A summary of Taxation Laws (Amendment) Bill, 2025, which introduces new tax exemptions for pension schemes and updates rules for international funds.
A summary of government agencies’ efforts to curb black money, including search operations, tax assessments under the Black Money Act, and international agreements.
Corporate tax rate cuts led to higher direct tax collections and rise in manufacturing units. Govt offers incentives to attract global firms and startups.
Notification 130/2025 grants income tax exemption to the Uttarakhand Pollution Control Board, effective from assessment year 2025-26, under Section 10 of the Income-tax Act.
Weekly summary of Indian regulatory updates. Covers CBDT’s tax rule changes, key GST rulings, SEBI’s new accessibility mandate, and RBI’s AIF investment directions.
CBDT exempts specified income of West Bengal Municipal Development Fund Trust from tax for FYs 2021–22 to 2025–26 under Section 10(46) of Income-tax Act.
The Central Board of Direct Taxes has notified income tax exemption for the All India Council for Technical Education (AICTE) on specific income sources.
The Central Government has exempted specific incomes of the Haryana State Pollution Control Board from income tax, effective from the 2024-25 financial year, subject to certain conditions.
