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. 25/2011 – Income Tax [F.NO.V-27015/1/2011-SO(NAT.COM)]/S.O. 866(E), DATED 27-4-2011 WHEREAS by Notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O. 399(E), dated the 6th June, 1996, 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 11, “Medical Relief Project at Ahmedabad” by Dardiono Rahat Fund, 102, Kashi Parekh Complex, 29, Adarsh Society, Navrangpura, Ahmedabad – 380009, as an eligible project or scheme for a period of three years beginning with assessment year 1997-98 which was extended further vide Notification number S.O. 312(E), dated the 11th May, 1999 for a period of three years beginning with assessment year 2000-01
Notification No. 24/2011 – Income Tax [F.NO.V-27015/1/2011-SO(NAT.COM)]/S.O. 865(E), DATED 27-4-2011 WHEREAS by Notification of the Government of India, in the Ministry of Finance (Department of Revenue) number S.O.791(E), dated the 18th September, 1995, issued under sub-section (1) read with clause (b) of the Explanation to section 35AC of the Income-tax Act, 1961, the Central Government had notified at serial number 9, “Construction, equipment, furnishing of Navjyoti Centre for mentally handicapped” by Association for Advancement and Rehabilitation of Handicapped (AAROH), 224, Vasam Enclave, New Delhi-110057, as an eligible project or scheme for a period of three year beginning with Assessment year 1996-97 which was extended further vide Notification number S.O. 683(E), dated the 11th August, 1998 for a period of three years
Notification No. 23/2011 – Income Tax [F.NO.V-27015/1/2011-SO(NAT.COM)]/S.O. 864(E), DATED 27-4-2011 WHEREAS by Notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O. 2545(E), dated 6th October, 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 4, Holy Spirit Cancer Centre by Society of the Servants of the Holy Spirit, Holy Spirit Hospital, Mahakali Caves Road, Andheri (E), Mumbai 400 093, as an eligible project or scheme for a period of two years beginning with financial year 2009-10;
Notification No. 22/2011 – Income Tax [F.NO.V-27015/1/2011-SO(NAT.COM)]/S.O. 863(E), DATED 27-4-2011 WHEREAS by Notification of the Government of India, in the Ministry of Finance (Department of Revenue) number S.O.399(E), dated the 6th June, 1996, 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, “Construction, furnishing, equipments and running of hospital at Crozaria, District Mehsana, Gujarat” by Smt. Samarathben Chunilal and Sheth Dosabhai Madhavji Sarvajanik Trust, Crozaria, District Mehsana, Taluk -Vijapur, Gujarat, as an eligible project or scheme for a period of three years beginning with assessment year 1997-98, which was extended further vide Notification number S.O.101(E), dated the 11th February, 1999 for a period of three years beginning with assessment year 2000-01, which was extended further vide Notification number S.O. 1113(E), dated the 24th October, 2002 for a period of three years beginning with assessment year 2003-04 which was extended further vide Notification number S.O.140(E), dated the 3rd February, 2006 for a period of three years beginning with financial year 2005-06 and which was extended further vide Notification number S.O. No. 245(E), dated 21st January, 2009 for a period of three years beginning with financial year 2008-09;
Notification No. 21/2011 – Income Tax [F.NO.V-27015/1/2011-SO(NAT.COM)]/S.O. 862(E), DATED 27-4-2011 WHEREAS by Notification of the Government of India, in the Ministry of Finance (Department of Revenue) number S.O. 366(E), dated the 10th April, 2000, 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, “Construction of extension building, purchase of equipments/instruments, mobile van, furnishing and running of Kanoria Hospital and Research Centre at Gandhi Nagar, Gujarat” by Kanoria Seva Kendra, 307, Abhijeet Netaji Marg, Ellisbridge, Ahmedabad, Gujarat, as an eligible project or scheme for a period of three years beginning with assessment year 2000-01, which was extended further vide Notification number S.O. 981(E), dated the 10th September, 2002 for a period of three years beginning with assessment year 2003-04, which was extended further vide Notification number S.O. 506(E), dated the 4th April, 2006 for a period of three years beginning with financial year 2005-06; and which was further extended vide Notification number S.O. 244(E), dated the 21st January, 2009 for a period of three years beginning with financial year 2008-09;
Notification No. 20/2011 – Income Tax [F.NO.V-27015/1/2011-SO(NAT.COM)]/S.O. 861(E), DATED 27-4-2011 WHEREAS by Notification of the Government of India, in the Ministry of Finance (Department of Revenue) number S.O. 399(E), dated the 6th June, 1996, 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 running of Polio Hospital at Ahmedabad, Gujarat” by Polio Foundation, Shah Chimenlal Chhotalal Lokandwala Charitable Trust Hospital for the Handicapped, Raipur, Chekla, Ahmedabad – 1, as an eligible project or scheme for a period of three years beginning with assessment year 1997-98, which was extended further vide Notification number S.O. 324(E), dated the 11th May, 1999 for a period of three years beginning with assessment year 2000-01, which was extended further vide Notification number S.O. 614(E), dated the 7th June, 2002 for a period of three years beginning with assessment year 2003-04, which was extended further vide Notification number S.O.153(E), dated the 3rd February, 2006 for a period of three years beginning with financial year 2005-06 and which was extended further vide Notification number S.O. 1306(E), dated the 4th June, 2008 for a period of three years beginning with financial year 2008-09;
Notification No. 19/2011 – Income Tax [F.NO.V-27015/1/2011-SO(NAT.COM)]/S.O.860(E), DATED 27-4-2011 WHEREAS by Notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O. 2370(E), dated 3rd October, 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 20, Purchase of hospital equipments and to raise corpus fund by Jivan Jyot Charitable Trust, C/o Patan Janta Hospital, Sardar Road, Near Railway Garnala, Patan, North Gujarat as an eligible project or scheme for a period of three years beginning with financial year 2008-09;
Notification No. 18/2011 – Income Tax [F.NO.V-27015/1/2011-SO(NAT.COM)]/S.O. 859(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 35, BJS Educational Quality Improvement Project (BJS-EDUQIP) by Bhartiya Jain Sanghatana, Senapati Bapat Road, Opposite Hotel Sahara, Pune 411016, as an eligible project or scheme for a period of three years beginning with financial year 2008-09;
Notification No. 17/2011 – Income Tax [F.NO.V-27015/1/2011-SO(NAT.COM)]/S.O. 858(E), DATED 27-4-2011 WHEREAS by Notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O. 2370(E), dated 3rd October, 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 37, (a) Including Children in Development, (b) Daycare services in Delhi including NCR region, (c) Training in Northern Hindi speaking belt of India, (d) Advocacy for creche/childcare arrangements for all young children by Mobile Creches for Working Mother’s children, DIZ Area, Raja Bazaar, Sector IV, Near Gole Market, New Delhi 110001, as an eligible project or scheme for a period of three years beginning with financial year 2008-09;
Notification No. 16/2011 – Income Tax [F.NO.V-27015/1/2011-SO(NAT.COM)]/S.O. 857(E), DATED 27-4-2011 WHEREAS by Notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O. 1501(E), dated 7th September, 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 6, Construction of special School for the visually handicapped children and mentally retarded children by Vivekananda Loksiksha Niketan, Village Faridpur, P.O. Dakshin Dauki, District Purba Medinipur, West Bengal – 721 464, as an eligible project or scheme for a period of three years beginning with financial year 2007-08
