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 issue addresses the consolidation of multiple presumptive taxation provisions into a single section. The framework simplifies ...
Income Tax : The issue addressed complexity arising from multiple TDS declaration forms. The new framework replaces them with a single Form 121...
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 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 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 : 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...
his Sub-Committee shall, after considering the creation of 20,751 additional posts, 1080 additional assessment/other units, and consequent requirement of existing infrastructure, be responsible for Assessing the existing infrastructure, and infrastructure gaps in the Department. Working out and recommending arrangements to meet the interim requirements of infrastructure based on the creation, deployment and filling of posts in various Regions until the long term arrangements are made. Recommending long term infrastructure requirements to dovetail with the plan for location and phasing of posts and offices, Working out the requirements of other supporting infrastructure for the offices and Preparing an infrastructure plan with its implementation schedule and financial implications.
This Sub-Committee No. 6 known as the Sub-committee on RRs for Group B & C Cadres shall be responsible for the following: identifying requirements for amendments in RRs as a result of restructuring and the Model RRs, examining the issue such as the merger of posts like STA, Steno Gr 1. OS as Executive Assistant, and the consequent changes in promotion channels; and making recommendations for suitable amendments in the RRs. examining recruitment/promotion related problems in these posts faced in different regions, and recommend any required amendment in the RRs resolve the same.
5. This Sub-Committee shall: look into the existing issues in the RRs for IRS recommend RRs for the new scales/posts in accordance with the model RRs, and considering RRs of other Services with Apex Scale in their cadre prepare consolidated RRs taking into account the amendments already proposed, and amendments required as a result of Cadre Restructuring, and assist in the speedy amendment of the RRs for the IRS
This Sub-Committee shall be responsible for looking into the process of filling up all the direct recruitment posts in Group B and Group Cadres preparation and implementation of a training plan for the newly recruited personnel in consultation with the NADT/RTIs/CCIT CCAs(for MSTUs) and training institutions recommending the methodology and time frame for filling up of vacant posts in the Promotion quota.
5. This Sub-Committee shall be responsible for making recommendations on the implementation of proposals made by the departmental Cadre Restructuring Committee regarding the staff in the attached directorates establishment of newly created Directorates making recommendations on the issue of inter-se seniority after merger of cadres making recommendations on specific issues relating to distribution/allocattion of posts and manpower relating to certain directorates such as Investigation in UP, NADT etc. making recommendations for the implementation of restructuring of other Cadres
The responsibilities of the Sub Committee will be: to ensure early DPC for promotion to the concerned post facilitate/carry out vacancy analysis ensure preparation of a proper panel ensure availability of all the necessary clearances
This Sub-Committee No. I known as Sub-committee for Jurisdiction and Deployment of posts shall be responsible for recommending the setting up of various offices along with their jurisdiction in accordance with the approved proposals. The Sub-committee shall recommend the Regions/Charges/ places where the additional posts/officers/officials can be deployed, and their likely jurisdiction keeping in mind the need:
ORDER NO. 119 of 2013 Consequent upon Orders No. 106 & 109 of 2013, the following transfers/postings in the grade of Commissioner / Director of Income Tax are hereby ordered with immediate effect and until further orders:
Receiving of Income tax returns in Aayakar Sewa Kendras (ASKs) – regarding. As you are aware Ayakar Sewa Kendras (ASKs) are functional at 132 stations all over India. Return receipt facility through Sevottam Software is also available at all these ASK Centres. In view of these you are requested to ensure the following;
Circular No. 05/2013 It is noticed the Circular appeared to give the impression that there was a hierarchy among the six method listed in section 92C and that Profit Split Method (PSM) was the preferred method in the case involving unique intangible or in multiple interrelated international transactions.
