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 : Explains why TCS under section 206C(1G) applies to overseas remittances and tour packages. The key takeaway is that TCS is a repor...
Corporate Law : The FAQs clarify how the 50% wage rule increases gratuity and leave liabilities and why these changes must be treated as past serv...
CA, CS, CMA : ITIRS 2018 encourages citizens to report substantial tax evasion, guaranteeing confidentiality and structured rewards. False repor...
CA, CS, CMA : Stay informed with this week’s crucial notifications and court rulings affecting Income Tax, GST, Customs, DGFT, SEBI, MCA, IBBI...
Income Tax : ITAT Ahmedabad confirms Section 68 addition of ₹93.92 lakh for bogus LTCG from Kushal Tradelink shares, rejecting the appeal bas...
Income Tax : Bogus Donation Claims Detected—Opportunity Given to Fix Returns: Analytics spotted questionable donation deductions and other ex...
Income Tax : This explainer breaks down how Section 80G deductions work and who can claim them. It highlights deduction categories, qualifying ...
Income Tax : While gross collections rose modestly, higher corporate tax inflows boosted net direct tax collections. The figures underline the ...
Income Tax : The NUDGE campaign targets fraudulent claims under sections 80G and 80GGC, helping taxpayers voluntarily revise returns and avoid ...
Income Tax : West Bengal’s ITR filings rose to 52.99 lakh in AY 2024-25, with significant increases in middle- and higher-income brackets. Th...
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 issue to be considered is whether the profit earned by the assessee from the activity of recruitment and training of personne...
Income Tax : The notification grants statutory approval for scientific research under section 35, enabling tax deductions for eligible donation...
Income Tax : The government has notified approval under Section 35(1)(ii), allowing donors to claim income-tax deductions for eligible scientif...
Income Tax : The government has approved an institution for scientific research under Section 35(1)(ii), allowing eligible tax deductions for d...
Income Tax : This notification clarifies the conditions under which a development authority qualifies for tax exemption. The ruling highlights ...
Income Tax : This notification addresses whether statutory development authorities qualify for income-tax exemption under section 10(46). The k...
CBDT promotes Joint Commissioners of Income Tax to NFSG Level 13 with notional effect from January 1, 2022. Notification issued on December 31, 2024
CBDT promotes Joint Commissioners to Selection Grade (NFSG) with notional effect from January 1, 2022, or 2024, as applicable. Notification issued on December 31, 2024.
Government promotes Assistant Commissioners to Deputy Commissioners of Income Tax effective January 1, 2025. Subject to ongoing legal proceedings
The Ministry of Finance promotes several Joint Commissioners of Income Tax to the Selection Grade (NFSG) in 2024, with effect from January 2020 to 2024.
Government appoints Assistant Commissioners as Deputy Commissioners of Income Tax effective January 1, 2025. Subject to inter-se seniority determination
Notification by the Government of India: Assistant Commissioners promoted to Deputy Commissioners of Income Tax. Effective from January 1, 2025.
CBDT promotes 123 Assistant Commissioners to Deputy Commissioners of Income Tax. Effective January 2025, appointments are subject to pending legal proceedings.
CBDT extends the deadline for filing belated or revised income tax returns for AY 2024-25 from Dec 31, 2024, to Jan 15, 2025.
CBDT extends the due date for determining payable amounts under the Direct Tax Vivad Se Vishwas Scheme to January 31, 2025.
Sri Paripoorna Sanathana Trust gets approval for scientific research under section 35 of the Income-tax Act, valid for AY 2025-26 to 2029-30.
