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...
the assessee will not invest or deposit its fund (other than voluntary contributions received and maintained in the form of jewellery, furniture etc.) for any period during the previous years relevant to the assessment years mentioned above other wise than in any one or more of the forms or modes specified in sub-section (5) of Section 11
Notification No.140/2005 – Income Tax It is hereby notified for general information that the organization Hyderabad Eye Research Foundation, L.V. Prasad Eye Institute, L.V. Prasad Marg, Banjara Hills, Hyderabad – 500034 has been approved by the Central Government for the purposes of clause (ii) of sub-section (1) of section 35 of the Income Tax Act, 1961, read with rule 6 of the Income tax Rules, 1962 for the
In exercise of powers conferred by the sub-clause (iv) of clause (23C) of section 10 of the Income-tax Act 1961 (43 of 1961), the Central Government hereby notifies the Population Foundation of India, B-28, Qutub Institutional Area, New Delhi for the purpose of the said sub-clause for the assessment year 2005-2006 to 2007-2008 subject to the following conditions
In exercise of powers conferred by the sub-clause (iv) of clause (23C) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies the National Federation of the Blind, New Delhi for the purpose of the said sub-clause for the assessment year 2003-2004 to 2005-2006 subject to the following conditions
In exercise of powers conferred by the sub-clause (v) of clause (23C) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies the The Malankara Othodox Syrian Church, Kottayam, Kerala for the purpose of the said sub-clause for the assessment year 2002-2003 to 2004-2005 subject to the following conditions
Notification No.136/2005 – Income Tax It is notified for general information that the enterprise/undertaking, Krishna Bhagya Jala Nigam Ltd, PWD Offices Annexe, 3rd Floor, K.R. Circle, Bangalore-560001, has been approved by the Central Government for the purpose of section 10(23G) of the Income-tax Act, 1961, read with rule 2E of the Income-tax Rules, 1962 for execution of Irrigation Projects on Krishna
Notification No.135/2005 – Income Tax It is hereby notified for general information that the organization Vivekananda Institute of Bio-technology, (a branch unit of Sri Ramkrishna Ashram, Nimpith), P.O. Nimpith Ashram, Distt. South 24-Parganas, West Bengal-743338 has been approved by the Central Government for the purposes of clause (ii) of sub-section (1) of section 35 of the Income Tax Act, 1961, read with rule 6 of the Income tax Rules, 1962 for the period from 1.4.2002 to 31.3.2005 under the category, university, college or other
Notification No.134/2005 – Income Tax Whereas the Central Government in exercise of the powers conferred by clause (iii) of sub-section (4) of section 80-IA of the Income-tax Act, 1961 (43 of 1961) (hereinafter referred to as said Act), has framed, and notified a scheme for industrial park, by the notification of the Government of India in the Ministry of Commerce and Industry (Department of Industrial Policy and
In exercise of powers conferred by the sub-clause (iv) of clause (23C) of section 10 of the Income-tax Act,-1961 (43 of 1961), the Central Government hereby notifies the Tibetan Homes Foundation, New Delhi for the purpose of the said sub-clause for the assessment year 2004-2005 to 2006-2007 subject to the following conditions
In exercise of powers conferred by the sub-clause (iv) of clause (23C) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies the of Adhi Prasakthi Charitable, Medical Educational & Cultural Trust, Melmaruvathur, Tamilnadu for the purpose of the said sub-clause for the assessment years 2006-2007 to 2008-2009 subject to the following conditions
