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 article examines whether Section 58(3) of the Income-tax Act, 2025 makes tax audit compulsory whenever profits fall below 6%, ...
Income Tax : Income may become tax-free under the new tax regime because of the standard deduction and Section 87A rebate, but ITR filing may s...
Income Tax : The issue concerns whether declaring profits below the presumptive rate automatically triggers tax audit or whether turnover thres...
Income Tax : The article analyses whether declaring profits below presumptive rates automatically triggers tax audit under the Income-tax Act, ...
Income Tax : This analysis explains how charitable and religious trusts qualify for exemption under Sections 11 to 13 of the Income-tax Act. It...
Income Tax : Net direct tax collections for FY 2026-27 grew by 14.64% as of June 17, 2026, driven by higher corporate and non-corporate tax rec...
Income Tax : Association requested CBDT to rationalize CASS 2026 case selection considering the administrative burden caused by implementation ...
Income Tax : The data shows a steady increase in net direct tax collections driven by higher corporate and non-corporate tax revenues. It highl...
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 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 : CBDT has notified the Indian Institute for Human Settlements as an approved institution for social science and statistical researc...
Income Tax : CBDT has clarified that lessees need not deduct TDS on ship lease payments once the IFSC lessor submits Form 1(N), provided the Se...
Income Tax : CBDT has notified tax exemption for specified income of the Mussoorie Dehradun Development Authority under section 10(46). The not...
Income Tax : Exercising powers under Section 119(2)(b), CBDT has condoned delays in Form 10AB filing for eligible cases. The Circular does not ...
Income Tax : CBDT has approved a scientific research institution under the Income-tax Act, 2025 for tax years 2026-27 to 2030-31. The notificat...
CIRCULAR No. 14/2015 Sub-clause (vi) of clause (23C) of Sec 10 of the Income-tax Act, 1961 (‘Act’) prescribes that income of any university or other educational institutions, existing solely for educational purposes and not for purposes of profit, shall be exempt from tax if such entities are approved by the prescribed authorities.
No. 50088/2015-FT&TR-V Dated: 14th August, 2015 I am directed to refer to the above-mentioned subject and to state that as per Advance Ruling (Procedure) Rules, 1996;if a Commissioner desires to be heard, he can appear personally or may nominate his authorised representative before the Authority of Advance Rulings.
Notification No. 68/2015 – Income Tax the 11.1ot-11m-tax. Act, 1961 (43 of 196] the Central Government hereby notifies hr the purposes_ of the said clause. “Kerala shops and Commercial .Establishments Workers’ Welfare Fund Board”, a Board established under the Kerala Shops and Commercial
Notification No. 67/2015 – Income Tax the Income-tax Act, 1961 (43 of 196 l), the Central Government hereby notifies for the PurPoScs of the said clause, ‘Kerala Abkari Workers Welfare Fund Board’, established by the Government of Kerala, in respect of the following specified income arising to the
Notification No. 66/2015 – Income Tax S.O._____ (E). • In exercise of powers conferred by clause (6C) of SeCtiOn 10 of the Income —tax Act, 1961 (43 of 1961), the Central Governmeni hereby specifies that any income arising to Mis Rosoboronexport. the Federal State Unitary. Enterprise, having its registered office at 107076, Moscow, StrOMyTIka Strtxt. 27/3, Russia. by way of royalty or fees for
Notification No. 65/2015 – Income Tax (E)• – exercise of the powers con ferrc„..4 by clause 146) szci ion 10 of the Income-tax Act., 1961 (43 of 1961), the Central Government hereby nolifies for thepurposes of she i f clause, “Telangana Slaw Electsicity Regulatory Commission”, a Commission constituted by the (iovernment of Telangana in respect of the ibllowing
Notification No. 64/2015 – Income Tax Si)………….. (E). – In exercise of the powers conferred by clause (46) of section 10 of the income-tax Act, 1961 (43 of 1962), tic Central Government hereby notifies for the purposes of the said clause, “Karnataka State Rural Livelihood Promotion Society”, a
Notification No. 63/2015 – Income Tax S.O. 2192(E). —Whereas, an agreement (hereinafter referred to as the said agreement) between the Government of the Republic of India and the Government of the Republic of San Marino, for the exchange of intbrmation with respect to taxes was signed at Rome, on the 19th day of December, 2013
From time to time, Board has issued directions to the field formations to rectify the cases within time limit as specified in the citizen charter to reduce infructuous demands existing on the System. The directions are aimed at achieving twin objectives of redressal of assessees’ grievances by timely disposal of rectification application as well as reduction of infructuous demand existing on the System.
Notification No. 62/2015 – Income Tax Dated: August 7, 2015 S.O. 2155(E) – In exercise of the powers conferred by section 285BA read with section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Government with respect to registration of persons, due diligence and maintenance of information, and the Board for matters relating to statement of reportable accounts, hereby make the following rules further to amend the Income-tax Rules, 1962, namely:-
