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...
Notification No. 42/2011 – Income Tax- Section 120(1) and (2) Of the Income-Tax Act, 1961 – Income-Tax Authorities – Jurisdiction of Director General/Director (Intelligence & Criminal Investigation) – Supersession of Notification Nos. S.O. 883(E), Dated 14-9-2001; S.O. 494(E), Dated 13-3-2008; S.O. 855(E) and S.O. 856(E), Both Dated 31-5-2007.
Notification No.41/2011 – Income Tax [F.NO. 187/11 /2009-ITA.I], DATED 19-8-2011 – In the notification of Government of India, Ministry of Finance, Department of Revenue (Central Board of Direct Taxes), number 62/2010, dated 27-7-2010 bearing S.O. 1843(E) and published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (ii), dated 27th July, 2010, in the Schedule for Serial number 112 at column No. 6(b)
Circular No.05/2011-Income Tax Instructions for deduction of TDS from salary for financial year 2011-2012 under section 192 of the Income Tax Act, 1961. The present Circular contains the rates of deduction of income-tax from the payment of income chargeable under the head “Salaries” during the financial year 2011-2012 and explains certain related provisions of the Income-tax Act. CIRCULAR NO. 05/2011 [F.NO. 275/192/2011-IT(B)], DATED 16-8-2011
Section 253 Of The Income-Tax Act, 1961 – Appellate Tribunal – Appeals To – Instructions Regarding Standard Operating Procedure On Filing Of Appeals To ITAT Under Section 253 And Related Matters. INSTRUCTION NO. 08/2011 [F NO. 279/MISC./M- 43/2011-ITJ], DATED 11-8-2011 With a view to streamline the process of filing appeals to ITAT and in suppression of the existing Instructions on the subject in general, and Instruction No. 1274 dated 10-8-1979, Instruction No. 1353 dated 9-9-1980, Instruction No. 1387 dated 3-3-1981, Instruction No. 1493 dated 18-11-1982, Instruction No. 1570 dated 4-7-1984, Instruction No. 1894 dated 16-6-1992, and Instruction No. 1921 dated 23-1-1995, in particular, the following Instructions are issued herewith for compliance by all concerned:
Notification No. 103/2011 – Income Tax [F.NO.V-27015/3/2011-SO(NAT.COM]/S.O.1882(E), DATED 11-8-2011 Whereas by Notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O. 1462(E), dated 17th June, 2008, 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 3, “Providing home for old aged persons and lonely children” by Mangal Jeevan Trust, At & PO: Sedrana, District Patan (North Gujarat), Post Box No. 16, Ahmedabad-227527, as an eligible project or scheme for a period of three years beginning with financial year 2008-09;
Notification No. 102/2011 – Income Tax [F.NO.V-27015/3/2011-SO(NAT.COM]/S.O.1881(E), DATED 11-8-2011 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 15, “Aadivasi Anna Arogya Shikshan Yojana (providing education, health & food for tribal & rural childrens)” by Shantilal Shanghvi Foundation, F.P. 145, Ram Mandir Road, Vile Parle (East), Mumbai -400057, Maharashtra, as an eligible project or scheme for a period of three years beginning with financial year 2008-09;
Notification No. 101/2011 – Income Tax [F.NO.V-27015/3/2011-SO(NAT.COM]/S.O.1880(E), DATED 11-8-2011 – Whereas by Notification of the Government of India, in the Ministry of Finance (Department of Revenue) number S.O.206(E), dated the 17th March, 1997, 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 8, “Equipments and vehicle, running of Eye Hospital/camps at Bharatpur, Rajasthan” by Friendship Foundation Trust, Giriraj, 8, Andi Hill, Satellite Road, Jodhpur Tekra, Ahmedabad, Gujarat – 380015, as an eligible project or scheme for a period of three years beginning with assessment year 1997-98,
Notification No. 100/2011 – Income Tax [F.NO.V-27015/3/2011-SO(NAT.COM]/S.O.1879(E), DATED 11-8-2011 Whereas by Notification of the Government of India, in the Ministry of Finance (Department of Revenue) number S.O.466(E) dated the 29th March, 2007, 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 1, – “Satya Bharti Schools (establishing & supporting 500 primary schools as well as non-formal education)” by Bharti Foundation, H-5/12, Qutub Ambience, Mehrauli Road, New Delhi – 110030 as an eligible project or scheme for a period of three years beginning with financial year 2007-2008 and which was extended further vide Notification number S.O.648(E), dated 22 March, 2010 for a period of three years beginning with financial years 2010-11;
NC Notification No. 99/2011 – Income Tax [F.NO.V-27015/3/2011-SO(NAT.COM]/S.O.1878(E), DATED 11-8-2011 – 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 12, “SMF-CANSTOP [Cancer Support Therapy to overcome pain]” by Sundaram Medical Foundation, Chennai, Shanti Colony, IVth Avenue, Anna Nagar, Chennai, Tamil Nadu – 600040, as an eligible project or scheme for a period of three years beginning with financial year 2005-2006 and which was extended further vide Notification Number S.O.761(E), dated 18th March, 2009 for a further period of three years beginning with the financial year 2008-09;
NC Notification No. 98/2011 – Income Tax [F.NO.V-27015/3/2011-SO(NAT.COM]/S.O.1877(E), DATED 11-8-2011 Whereas by Notification of the Government of India, in the Ministry of Finance (Department of Revenue) number S.O. 1111(E), dated the 8th August, 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 6, “Construction of buildings for the education, rehabilitation, training and welfare of persons
