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Income Tax Notifications

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.

Latest Articles


Analysis of Notifications and Circulars for Week ending 11th August 2024

CA, CS, CMA : Highlights from August 5-11, 2024: Income Tax exemptions, GST updates, SEBI guidelines, and RBI monetary policy changes....

August 13, 2024 387 Views 0 comment Print

Amendments in Form – 3CD for AY 2023-2024

Income Tax : CBDT updates Form 3CD for AY 2023-2024, including major amendments for tax audit reporting. Essential insights for professionals a...

March 7, 2024 10158 Views 0 comment Print

Amendment in Form 3CEB by Income Tax Notification dated 05.03.2024

Income Tax : Key updates to Form 3CEB for specified domestic transactions, following CBDT Notification No. 27/2024, enhancing reporting require...

March 6, 2024 2169 Views 0 comment Print

Breakdown of Income Tax Circular No. 20 of 2023 dated December 28, 2023

Income Tax : Explore resolutions for CBDT Circular No. 20/2023 issues: TDS responsibilities, fees inclusion, treatment of taxes, purchase-retur...

January 27, 2024 9645 Views 0 comment Print

Understanding Income Tax Notices: Types, Meanings and Proper Responses

Income Tax : Demystify Income Tax Notices: Learn about various types, meanings, and effective responses. Explore notices under Section 143(1), ...

June 8, 2023 2334 Views 0 comment Print


Latest News


Technical Glitches in Income Tax Portal: Reply in Lok Sabha

Income Tax : Explore the Lok Sabha query on technical glitches in the IT portal and TRACES. Learn about processing delays, PAN-Aadhaar issues, ...

July 29, 2024 2061 Views 0 comment Print

Budget Memorandum 2024 & suggested Amendments to Income-tax Act 1961

Income Tax : Explore the Malad Chamber of Tax Consultants' 2024 Pre-Budget Memorandum proposing crucial amendments to the Income Tax Act, 1961,...

June 20, 2024 3441 Views 0 comment Print

Income Tax Returns Invalid if Unverified Within Time Limit: CBDT

Income Tax : Stay updated with the latest notification from the Ministry of Finance, Department of Revenue, Central Board of Direct Taxes regar...

April 4, 2024 4251 Views 0 comment Print

Inventory Valuation: Cost Accountants Empanelment by Delhi Income Tax Office

Income Tax : ITD Delhi invites Cost Accountant firms/LLPs for empanelment for inventory valuation services. Apply by the deadline to be part of...

February 15, 2024 720 Views 0 comment Print

Faceless Tax Assessment: Impact, Benefits & Redressal Measures: Govt. Response

Income Tax : Explore the impact of faceless tax assessment, benefits, and government's steps to address taxpayer grievances. Get insights into ...

February 7, 2024 951 Views 0 comment Print


Latest Judiciary


Take practical view of problems faced by assessees for technical glitches on new Income Tax portal: HC

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...

January 12, 2022 6264 Views 0 comment Print

Once data stored in electronic form, it becomes a customized electronic data which can be exported to qualify for deduction u/s 10A

Income Tax : The issue to be considered is whether the profit earned by the assessee from the activity of recruitment and training of personne...

October 24, 2009 789 Views 0 comment Print


Latest Notifications


Guidelines for Handling High-Risk PAN Cases in Insight Portal

Income Tax : Insight Instruction No. 79 details procedures for managing high-risk PAN cases in the Insight portal, guiding tax officers through...

August 16, 2024 9 Views 0 comment Print

Income Tax Exemption for UIDAI’s Specified Income 2024-2029

Income Tax : UIDAI's specified income receives tax exemption for AY 2024-2025 to 2028-2029 under Income-tax Act, 1961, as per the latest CBDT n...

August 13, 2024 264 Views 0 comment Print

Income Tax Exemption for West Bengal Transport Workers Social Security Scheme

Income Tax : West Bengal Transport Workers' Social Security Scheme receives tax exemption for specified income under Income-tax Act for AY 2021...

August 13, 2024 72 Views 0 comment Print

Notification No. 98/2024 Income Tax Exemption for Karnataka Disaster Centre

Income Tax : CBDT notifies Karnataka State Natural Disaster Monitoring Centre for tax exemptions on specific incomes. Effective for AY 2021-22 ...

August 7, 2024 732 Views 0 comment Print

Notification No. 97/2024 Income Tax Exemption for Kalyan Karnataka Board

Income Tax : Ministry of Finance notifies Kalyan Karnataka Region Development Board’s tax exemption for grants and interest, effective for FY...

August 7, 2024 54 Views 0 comment Print


Instructions on Implementing Abhisar Buildwell SC Judgment by CBDT

August 23, 2023 12270 Views 0 comment Print

Comprehensive guide on CBDT’s directives for AOs concerning the Abhisar Buildwell Supreme Court verdict. Dive into its implications on Income-tax Act of 1961.

Punjab Building & Construction Welfare Board: Income Tax Exemption Notification

August 23, 2023 543 Views 0 comment Print

Income Tax Notification No. 67/2023 regarding Punjab Building and Construction Welfare Board. Learn about specified incomes, conditions, and effective assessment years for the board mentioned in this notification

District Mineral Foundation Trust: Income Tax Exemption Notification 2023

August 23, 2023 825 Views 0 comment Print

Income Tax Notification No. 66/2023 regarding District Mineral Foundation Trust. Explore specified incomes, conditions, and effective assessment years for trusts

CBDT Amends Income Tax Rules for Valuation of Accommodation Perquisite

August 18, 2023 15447 Views 1 comment Print

CBDT has modified Income Tax Rules, 1962, to determine the value of perquisite for residential accommodation provided by employers.

New Rule for TDS on Foreign Currency Income: Exchange Rates

August 17, 2023 19821 Views 0 comment Print

Ministry of Finance introduces new rule for TDS on foreign currency income, specifying exchange rates for tax calculation. Learn about changes.

Inventory Valuation by Cost Accountants (CMAs) Draft Format released for comments

August 16, 2023 3573 Views 0 comment Print

Inviting comments on the draft Form No. 6C for implementing the amendment made by the Finance Act, 2023 wrt Sub-section (2A) of the Section 142 of the Income Tax Act, 1961 regarding inventory valuation vide Finance Act 2023, in order to ensure that inventory is valued in accordance with the various provisions of the Act, […]

Haryana Water Resources Authority Tax Exemption – Notification No. 63/2023

August 16, 2023 714 Views 0 comment Print

Notification No. 63/2023 details tax exemptions for Haryana Water Resources Authority under Section 10(46) of Income-tax Act, 1961, for assessment years 2022-2023 and 2023-2024.

Urban Improvement Trust Udaipur Tax Exemption – Notification No. 62/2023

August 16, 2023 570 Views 0 comment Print

Notification No. 62/2023 outlines tax exemptions for Urban Improvement Trust Udaipur under Section 10(46) of Income-tax Act, 1961, including conditions and retrospective effect.

New Income Tax Rules on Taxation of Life Insurance Policy Receipts

August 16, 2023 13680 Views 1 comment Print

Details of Sixteenth Amendment to Income Tax Rules (2023) on computation of income chargeable under life insurance policies as per Notification No. 61/2023.

CBDT Order on Dispute Resolution Committee Formation

August 14, 2023 3435 Views 0 comment Print

Detailed analysis of CBDT office order, outlining constitution and functioning of Dispute Resolution Committee in line with e-Dispute Resolution Scheme, 2022.

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