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 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 new framework eliminates mandatory renewals and replaces them with continuous monitoring. Donor eligibility now depends on sus...
Income Tax : The new law replaces time-bound approvals with continuous compliance monitoring for charitable entities. Registration now survives...
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 : A CBI court sentenced seven individuals to four years imprisonment for manipulating tax systems using forged records. The case hig...
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 35/2011 – Income Tax [F.NO.V-27015/1/2011-SO(NAT.COM)]/S.O. 876(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 10, “Project for handicapped persons” by Disabled Welfare Trust of India, Surat 1058, Dhobi Sheri, Nanpura, Surat-1, 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. 1300(E), dated 4th June, 2008 for a further period of three years beginning with financial year 2008-09;
Notification No. 34/2011- Income Tax [F.NO.V-27015/1/2011-SO(NAT.COM)]/S.O. 875(E), DATED 27-4-2011 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 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 14, “Prevention of kidney diseases through awareness programme” by India Renal Foundation, 60-61, A Wing, Nobles, Opp. Nehru Bridge, Ashram Road, Ahmedabad – 380009, 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. 765(E), dated 18th March, 2009 for further period of three years beginning with financial year 2008-09;
Notification No. 33/2011 – Income Tax [F.NO.V-27015/1/2011-SO(NAT.COM)]/S.O. 874(E), DATED 27-4-2011 WHEREAS by Notification of the Government of India, in the Ministry of Finance (Department of Revenue) number S.O. 458(E), dated the 30th March, 2006, 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, “Empowering the poor-rural development project” by Vidya Pratishthan, Vidyanagari, Bhigwan Road, Baramati District Pune – 413133, Maharashtra, 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. 2390(E), dated 3rd October, 2008 for further period of three years beginning with financial year 2008-09;
Notification No. 32/2011 – Income Tax [F.NO.V-27015/1/2011-SO(NAT.COM)]/S.O. 873(E), DATED 27-4-2011 WHEREAS by Notification of the Government of India, in the Ministry of Finance (Department of Revenue) number S.O. 458(E), dated the 30th March, 2006, 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 7, “Sustainable development through biotechnology” by Vidya Pratishthan, Vidyanagari, Bhigwan Road, Baramati, Pune – 413133, Maharashtra, 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. 2371(E), dated 3rd October, 2008 for further period of three years beginning with financial year 2008-09;
Notification No.31 /2011 – Income Tax [F.NO.V-27015/1/2011-SO(NAT.COM)]/S.O. 872(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 9, “KG crusade against childhood blindness” by K. Govindaswamy Naidu Memorial Trust, 5, Govt. Arts College Road, Coimbatore – 641018, 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. 251(E), dated 21st January, 2009 for further period of three years beginning with financial year 2008-09
Notification No. 30/2011 – Income Tax [F.NO.V-27015/1/2011-SO(NAT.COM)]/S.O. 871(E), DATED 27-4-2011 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 7, “Akshar centre for hearing impaired” by Akshar Trust, Meghdoot, R.C. Dutt Road, Alkapuri, Baroda-390007, 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. 1463(E), dated 17th June, 2008 for further period of three years beginning with financial year 2008-09;
Notification No. 29/2011 – Income Tax [F.NO.V-27015/1/2011-SO(NAT.COM)]/S.O. 870(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 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, “Doctor at Doorstep” by Mahavir International, 6550, Main Qutab Road, Nabi Karim, New Delhi – 110055, 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. 237(E), dated 21st January, 2009 for a further period of three years beginning with financial year 2008-09;
Notification No. 28/2011 – Income Tax [F.NO.V-27015/1/2011-SO(NAT.COM)]/S.O.869(E), DATED 27-4-2011 WHEREAS by Notification of the Government of India, in the Ministry of Finance (Department of Revenue) number S.O. 1084(E), dated the 11th October, 2002, 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 3, Running of Smt. Savitaben Ramanlal Dahyalal Shah, Sarvajanik Hospital, Ambasan, District Mehsana Guiarat” by Smt. Savitaben Ramanlal Dahyalal Shah, Sarvajanik Hospital & Prashutigruh Trust AT & PO Ambasan. Ta & District Mehsana – 384 435, Gujarat, as an eligible project or scheme for a period of three years beginning with assessment year 2003-04; which was extended further vide Notification number S.O. 1010(E), dated the 5th July, 2006 for a period for of two years beginning with financial year 2006-07 and which was extended further vide Notification number S.O. 1472(E), dated the 17th June, 2008 for a period of three years beginning with financial year 2008-09;
Notification No. 27/2011 – Income Tax [F.NO.V-27015/1/2011-SO(NAT.COM)]/S.O. 868(E), DATED 27-4-2011 WHEREAS by Notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O.1794(E), dated the 23rd October, 2007, 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, “Madhav Vidhyapith” residential school for tribal students by Shri Vidyabharati Vanvasi Shikshan Samiti, Narmada 44, Sardar Nagar, AT & PO – Valia, Tal – Valia, District Bharuch – 393 135, as an eligible project or scheme for a period of three years beginning with financial year 2007-08;
Notification No. 26/2011 – Income Tax [F.NO.V-27015/1/2011-SO(NAT.COM)]/S.O. 867(E), DATED 27-4-2011 WHEREAS by Notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O. 422(E), dated the 19th May, 1998, 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 6, “Running of Health Care and Education activities in Gujarat and Maharashtra’ by Sundeep Foundation, 118, Jolly Bhavan No. 1, 10, New Marine Lines, Mumbai – 400020, as an eligible project or scheme for a period of three years beginning with assessment year 1999-2000
