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.
CA, CS, CMA : Key updates from Income Tax, GST, DGFT, RBI, and more for the week ending 29th Dec 2024....
CA, CS, CMA : Review of significant legal, tax, GST, and SEBI updates during the week ending 22nd December 2024, including new guidelines and ju...
CA, CS, CMA : Explore tax & GST updates for Nov 25–Dec 1, 2024, including safe harbour for diamonds, GST e-invoicing, HC rulings, Section 194N...
CA, CS, CMA : Summary of key notifications in Income Tax, GST, SEBI, and IBBI regulations during the week of Nov 18-24, 2024, covering filing pr...
Income Tax : The Vivad Se Vishwas Scheme 2024 simplifies tax dispute resolution, offering discounts and waivers to reduce litigation burden. Se...
Income Tax : Learn about advance tax, who needs to pay it, due dates, payment methods, penalties, and exceptions. Understand advance tax instal...
Income Tax : The Institute of Cost Accountants of India seeks inclusion of Cost Accountants in the definition of "Accountant" under Section 515...
Income Tax : Government addresses Supreme Court judgment on tax exemptions for clergy and its implications on Hindu Undivided Families (HUFs) u...
Income Tax : Analysis of tax exemptions for individuals vs corporations, middle-class benefits, and the impact of measures under the new tax re...
Income Tax : Details on tax incentives for corporates, revenue loss since 2020, monitoring mechanisms, emerging sector benefits, and job creati...
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 : Details of the Lok Sabha Select Committee's sittings on March 6-7, 2025, to examine the Income-Tax Bill, 2025, with oral evidence ...
Income Tax : CBDT updates income tax rules and forms for business and securitization trusts. Notification 17/2025 amends Rules 12CA & 12CC, imp...
Income Tax : Key updates on income tax deduction from salaries under Section 192 for FY 2024-25, including amendments, surcharge rates, and new...
Income Tax : CBDT extends the due date for filing Form 56F under Section 10AA(8) and 10A(5) of the Income-tax Act, 1961, to March 31, 2025, for...
Income Tax : The Indian government is set to introduce the new Income Tax Bill, 2025, in the Lok Sabha on February 13, 2025. This comprehensive...
ITR 5 Form can be used a person being a firm, AOP, BOI, artificial juridical person referred to in section 2(31)(vii), cooperative society and local authority. However, a person who is required to file the return of income under section 139(4)(a) or 139(4)(a) or 139(4)(b) or 139(4)(c) or 139(4)(d) shall not use this form.
Notification No. 23 – Income Tax [F.NO. 203/46/2010/ITA-II], DATED 28-4-2011- It is hereby notified for general information that the organization Centre for Social Studies, Surat has been approved by the Central Government for the purpose of clause (iii) of sub-section (1) of section 35 of the Income-tax Act, 1961 (said Act), read with rules 5C and 5E of the Income-tax Rules, 1962 (said Rules) with effect from assessment year 2010-11 onwards in the category of ‘Other Institution’ partly engaged in research activities subject to the following conditions, namely:-
Notification No. 22 – Income Tax [F.NO.203/43/2010/ITA-II], DATED 28-4-2011- It is hereby notified for general information that the organization Indian Society of International Law, New Delhi has been approved by the Central Government for the purpose of clause (iii) of sub-section (1) of section 35 of the Income-tax Act, 1961 (said Act), read with rules 5C and 5E of the Income-tax Rules, 1962 (said Rules) with effect from assessment year 2010-11 onwards in the category of ‘Other Institution’ partly engaged in research activities subject to the following conditions
Notification No. 21- Income Tax [F.NO. 203/41/2010/ITA-II], DATED 28-4-2011 It is hereby, notified for general information that the organization Chettinad Academy of Research and Education, Kanchipuram has been approved by the Central Government for the purpose of clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961 (said Act), read with Rules 5C and 5E of the Income-tax Rules, 1962 (said Rules), from assessment year 2010-11 onwards in the category of ‘Other Institution’, partly engaged in research activities subject to the following conditions, namely:-
Notification No. 45/2011 – Income Tax [F.NO.V-27015/1/2011-SO(NAT.COM)]/S.O. 886(E), DATED 27-4-2011 WHEREAS by Notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O. 135(E), dated the 3rd February, 2006, issued under clause (b) of the Explanation to section 35AC of the Income-tax Act, 1961 (43 of 1961), the Central Government had notified at serial number 8, “Development of integrated socio economical health, education and essential facilities” by Shri Saibaba Sanstha Trust (Shirdi), Taluk – Rahata, District Ahmednagar, Maharashtra-423109, as an eligible project or scheme for a period of three years beginning with financial year 2005-06 and which was extended further vide Notification number S.O. 1473(E), dated 17th June, 2008 for a period of three years beginning with financial year 2008-09;
Notification No. 44/2011 – Income Tax [F.NO.V-27015/1/2011-SO(NAT.COM)]/S.O. 885(E), DATED 27-4-2011 WHEREAS by Notification of the Government of India, in the Ministry of Finance (Department of Revenue) number S.O.708(E), dated the 25th May, 2005, issued under sub-section (1) read with clause (b) of the Explanation to section 35AC of the Income-tax Act, 1961 (43 of 1961), the Central Government had notified at serial number 5, “Health care project” by Umeed, 208-216, DDA Commercial Complex, Aurobindo Place Market, Hauz Khas, New Delhi – 110016, as an eligible project or scheme for a period of three years beginning with financial year 2005-06 and which was extended further vide Notification number S.O. 2372(E), dated 3rd October, 2008 for a period of three years beginning with financial year 2008-09;
Notification No. 43/2011 – Income Tax [F.NO.V-27015/1/2011-SO(NAT.COM)]/S.O. 884(E), DATED 27-4-2011 WHEREAS by Notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O. 614(E), dated 18th March, 2010, issued under clause (b) of the Explanation to section 35AC of the Income-tax Act, 1961 (43 of 1961), the Central Government had notified at serial number 21, Educational Institution of Human Development Foundation of Sikkim by Human Development Foundation of Sikkim, G.R.B.A. Road, Chongey Tar, PO Raj Bhawan, Gangtok, East Sikkim- 737101, as an eligible project or scheme for a period of two years beginning with financial year 2008-09;
Notification No. 42/2011 – Income Tax [F.NO.V-27015/1/2011-SO(NAT.COM)]/S.O. 883(E), DATED 27-4-2011 WHEREAS by Notification of the Government of India, in the Ministry of Finance (Department of Revenue) number S.O. 1586(E), dated the 11th November, 2005, issued under sub-section (1) read with clause (b) of the Explanation to section 35AC of the Income-tax Act, 1961 (43 of 1961), the Central Government had notified at serial number 4, “Multi Organ Harvesting and Sharing Network in India” by Mohan Foundation, A-81, Anna Nagar, Chennai – 600102, as an eligible project or scheme for a period of three years beginning with financial year 2005-06 and which was extended further vide Notification number S.O. 2036(E), dated 6th August, 2009 for a period of three years beginning with financial year 2008-09;
Notification No. 41/2011- Income Tax [F.NO.V-27015/1/2011-SO(NAT.COM)]/S.O. 882(E), DATED 27-4-2011 WHEREAS by Notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O. 737(E), dated 13th March, 2009, issued under clause (b) of the Explanation to section 35AC of the Income-tax Act, 1961 (43 of 1961), the Central Government had notified at serial number 16, K.M.G. General Hospital by Kacheria Mojilal Gordhandas General Hospital Trust, Near Saliawadi Darwaja, Balasinor, District Kheda, Gujarat – 388255, as an eligible project or scheme for a period of three years beginning with financial year 2009-10;
Notification No. 40/2011 – Income Tax [F.NO.V-27015/1/2011-SO(NAT.COM)]/S.O. 881(E), DATED 27-4-2011 WHEREAS by Notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O. 121(E), dated 12th January, 2009, issued under clause (b) of the Explanation to section 35AC of the Income-tax Act, 1961 (43 of 1961), the Central Government had notified at serial number 5, Rishi Valley Rural Education Centre by Krishnamurthi Foundation India, Vasabta Vihar, Door No. 124-126 (old No.64-65), Greenways Road, Raja Annamalaipuram, Chennai-600 028, Tamilnadu, as an eligible project or scheme for a period of three years beginning with financial year 2008-09;
