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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


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 8931 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 2064 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 9516 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 2283 Views 0 comment Print

Response to Notices & Letters Received under e-Verification Scheme, 2021- FAQs

Income Tax : When a financial transaction reported by a Source/Reporting Entity is not considered/included by the taxpayers in their Return of ...

May 20, 2023 13092 Views 0 comment Print


Latest News


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 3276 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 4179 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 681 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 894 Views 0 comment Print

CBDT Notifies Income Tax Return Forms for A.Y. 2024-25 Well in Advance

Income Tax : Stay ahead of tax compliance! Explore the latest Income Tax Return Forms (ITR Forms) notified by CBDT for A.Y. 2024-25. Get insigh...

February 2, 2024 1494 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 6252 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 777 Views 0 comment Print


Latest Notifications


Notification No. 65/2024-Income Tax Dated: 18th July, 2024

Income Tax : Read about Income Tax Notification No. 65/2024 dated 18th July, 2024, amending provisions under section 10 of the Income-tax Act, ...

July 19, 2024 27 Views 0 comment Print

Notification No. 64/2024-Income Tax Dated: 18th July, 2024

Income Tax : Discover the latest amendment in Income Tax Notification No. 64/2024, extending the deadline to March 31, 2025. Learn about its im...

July 19, 2024 18 Views 0 comment Print

Notification No. 63/2024-Income Tax Dated: 18th July, 2024

Income Tax : CBDT extends tax exemption deadline under Section 10(23FE) to March 31, 2025. Read the full details of Notification No. 63/2024 an...

July 19, 2024 18 Views 0 comment Print

Notification No. 62/2024-Income Tax Dated: 18th July, 2024

Income Tax : Explore Notification No. 62/2024 issued by the Ministry of Finance, Department of Revenue, amending Income Tax Act provisions effe...

July 19, 2024 27 Views 0 comment Print

Notification No. 61/2024-Income Tax Dated: 18th July, 2024

Income Tax : Explore Notification No. 61/2024 regarding Income Tax Amendment under the Income-tax Act, 1961, effective from 31st March, 2025. G...

July 19, 2024 15 Views 0 comment Print


Notification No. GSR 859(E)-Income Tax Dated 30/11/2012

November 30, 2012 862 Views 0 comment Print

Notification No. GSR 859(E)-Income Tax In continuation to the earlier Notification No. G.S.R. 725(E), dated 22-6-1988 (See [1988] 172 ITR (St.) 54), and in pursuance of clause (e) of paragraph 2 of the Capital Gains Account Scheme, 1988, the Central Government hereby authorises all the branches (except rural branches) of IDBI Bank Ltd., to receive deposits and maintain accounts under the said scheme.

GAAR to be effective from Assessment year 2014-15

November 30, 2012 3204 Views 0 comment Print

General Anti-Avoidance Rules The GAAR (General Anti-Avoidance Rule) provisions have not been put on hold. The Finance Act, 2012 had provided that these provisions shall be effective from the 1st day of April, 2014 and apply to Assessment year 2014-15 onwards.

Posting Policy for posting of officers in the Directorates of International Taxation & Transfer Pricing

November 30, 2012 798 Views 0 comment Print

Notification No. [HRD/CM/103/2010-11/1055] The Department’s Annual General Transfer Pricing Policy shall apply for selection of officers for being posted in the Directorates of International Taxation &. Transfer Pricing subject to the condition that:

New Valuation methods of unquoted shares u/s. 56

November 29, 2012 65036 Views 2 comments Print

Notification No. 52/2012-Income Tax For section 56, value of unquoted shares can optionally be taken as value determined by either DFCF or as per revised method – Income-tax (Fifteenth Amendment) Rules, 2012 – Amendment in Rules 11U and 11UA

Providing adequate support staff to all assessment units – CBDT

November 23, 2012 1517 Views 0 comment Print

Assessment officers of many charges have conveyed to the Board that they are not being provided any secretarial assistance or other office help and they are left with no option but to make private arrangement to finalise their assessment orders and other time bound matters.

Functioning of Review Committee of Commissioners

November 23, 2012 1542 Views 0 comment Print

Your attention is invited to the statutory provisions by which committee of two Commissioners/Chief Commissioners have been constituted to review the orders passed by the appellate Commissioners/Commissioners as original adjudicating authority.

Rajiv Gandhi Equity Savings Scheme, 2012 -Section 80CCG – Notification

November 23, 2012 10194 Views 0 comment Print

Notification No. 51/2012-Income Tax Rajiv Gandhi Equity Savings Scheme, 2012 shall apply for claiming deduction in the computation of total income of the assessment year relevant to a previous year on account of investment in eligible securities under sub-section (1) of section 80CCG of the Income-tax Act, 1961. Notification No. 51/2012

Appropriate Action Taken on Information Received from France – Govt.

November 18, 2012 522 Views 0 comment Print

Information received from the Government of France has been analysed and investigations into the information have been undertaken by the different jurisdictional authorities under the Income-tax Act, 1961. Investigations in the matter are under progress including with the foreign tax authorities to obtain more information with regard to the reported account holders.

Corrigendum to List of Companies authorized to issue tax-free bonds

November 15, 2012 645 Views 0 comment Print

Notification No. 50/2012-Income Tax In the notification of the Government of India in the Ministry of Finance, Department of Revenue, (Central Board of Direct Taxes) number S.O. 2685(E), dated the 6th November, 2012 published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (ii), dated the 6th November, 2012, in the table, for Rural Electrical Corporation, read Rural Electrification Corporation Limited.

ITAT introduces ‘e-bench’ to hear appeals through video conferencing

November 9, 2012 997 Views 0 comment Print

Circular No. F.1-AD (E-BENCH)/AT/2012 It is directed that appeals and applications fixed before the Income Tax Appellate Tribunal, Nagpur Bench will be heard through Video Conferencing by the Members of the ITAT sitting at ITAT, Mumbai.

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