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...
CBDT extends the income tax exemption deadline under Section 10(23FE) from March 31, 2025, to March 31, 2030, via Notification No. 77/2025.
CBDT extends an income tax exemption under Section 10(23FE) of the Income-tax Act, 1961, from March 2025 to March 2030. This notification, dated July 11, 2025, impacts certain income tax provisions.
The Ministry of Finance extends the deadline for certain Income Tax Act Section 10(23FE) provisions from March 31, 2025, to March 31, 2030.
CBDT Notification 74/2025 extends the Section 10(23FE) income tax exemption period from March 31, 2025, to March 31, 2030, amending a 2020 notification.
Ministry of Finance notifies IREDA bonds issued post-July 9, 2025, as long-term specified assets under Section 54EC for income tax exemption.
Rajasthan Housing Board is notified for income tax exemption under Section 10(46A)(b) of Income-tax Act, 1961, effective from AY 2024-25.
Notification 71/2025 grants income tax exemption to Karnataka State Pollution Control Board for specific income like consent fees, analysis charges, and government grants. Conditions apply.
CBDT Circular 8/2025 clarifies that authorities can waive interest under Sections 201(1A)(ii)/206C(7) for past periods, subject to a one-year application window.
Ministry of Finance announces amendment to Section 48 of the Income-tax Act, 1961, introducing a new cost inflation index effective from Assessment Year 2026-27.
Stay informed with key regulatory changes from June 23-29, 2025 across Income Tax, GST, Customs, DGFT, SEBI, MCA, IBBI, and RBI. Includes DTAA updates, anti-dumping duties, and new SEBI guidelines.
