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.
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Notification No. 44/2015 – Income Tax (INCOME-TAX) S.O. Whereas the Central Government in exercise of the powers conferred by clause (iii) of sub-section(4) of section 80-IA of the Income-tax Act, 1961(43 of 1961) thereinafter referred to as the said Act), has framed and notified a scheme for industrial park, by the notifications of the Government of India vide number S.O. 50 (E), dated the 8thth January, 2008 subsequently amended vide Notification No. S.O. 1605 (E), dated 2nd July 2008 and vide Notification S.O. No. 1210 (E) dated 21.5.2010.
The number of existing income tax payers is low compared to the potential. The gap between the potential and the actual tax payers appears to be wider in the case of tier-II cities and towns. 2. Considering the priorities of the Government and the need to widen the tax base, a concerted and focused effort in mission mode is required. We have to strive for adding at least 25 lakhs new assesses per month during the current financial year.
ORDER NO. 60 OF 2015 Dated 6th May, 2015 The following transfers / postings in the grade of Principal Chief Commissioner or imome Tax / Chief Commissioner of Income Tex / Director General of Income lax are, nereby, ordered with immediate effect and until further orders
I am directed to invite your kind attention to this office letter of even number dated 22.4.2015 calling nominations for the aforesaid training programme to be held at NADT on 14th and 15th May, 2015. The same has also been uploaded on irsofficeronline website. This office is yet to receive nominations from your Charge. The same may kindly be sent on priority so as to enable us to make logistics arrangements related to the programme.
The Central Board of Direct Taxes has decided to fast track all applications made by Voluntary Organisations/Trusts seeking approval u/s 11(1)(C) of the Income Tax Act, 1961 for rendering help to the victims of earthquake in Nepal. Approval under this section is required by the charitable institutions for application of their income outside India to promote international welfare.
It has come to the notice of the Board that several Foreign Institutional Investors receiving income from transactions in securities claim such income as exempt from tax under the Income Tax Act, 1961(‘the Act’) by availing benefit provided in the Double Taxation Avoidance Agreements(‘DTAAs’) signed between India and their respective countries of residence.
Notification No. 43/2015 – Income Tax S.O. It is hereby notified for general information that the organization Pandit Deendayal Petroleum University Raisan Gandhi Nagar Gujarat, (PAN- AABTP3856A) has been approved by the Central Government for the purpose of clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961 (said Act), read with Rules 5C and 5E of the Income-tax Rules, 1962 (said Rules), from AY-
CIRCULAR No. 07/2015 Date- April, 23, 2015 The Central Board of Direct Taxes (the Board) had earlier issued Circular No. 4/2002 dated 16.07.2002 which laid down that in case of such entities, whose income is unconditionally exempted under Section 10 of the Income-tax Act (the Act) and who are statutorily not required to file return of income as per Section 139 of the Act, there would be no requirement for tax deduction at source (TDS) from the payments made to them since their income is anyway exempted under the Act.
Notification No. 42/2015 – Income Tax It is hereby notified for general information that the organization Institute of Chemical Technology, Nathalal Parekh Marg, Matunga, Mumbai (PAN – AAATI4951J) has been approved by the Central Government for the purpose of clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961 (said Act), read with Rules 5C and SE of the Income-tax Rules, 1962 (said Rules)
Notification No. 41/2015 – Income Tax CBDT has notified ITR 1, ITR 2 & ITR 4S for AY 2015-16 and amended Rule 12 vide Notification No. 41/2015, Dated-15th day of April, 2015. For AY 2015-16, ITR 1, ITR 2 & ITR 4S where returned income is greater than 5 Lakhs or where Refund is claimed (except where the person is 80 years or more and filing ITR 1 or 2) and ITR 3, ITR 4, ITR 5, ITR 6 & ITR 7 are mandatorily required
