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...
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 Institute for Financial Management and Research, Chennai for the purpose of the said sub-clause for the assessment years 2002-2003 to 2004-2005 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 The Bharat Scouts & Guides, New Delhi for the purpose of the said sub-clause for the assessment years 2004-2005 to 2006-2007 subject to the following conditions
Notification No.58/2005 – Income Tax In exercise of the powers conferred by section 295 read with sub-section (11B) of section 80-IB of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend the Income-tax Rules, 1962, namely
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 Punjab Infrastructure Development Board, (PIDB), Chandigarh 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 Tirumala Tirupati Devasthanams, Tirupati, Chittoor, A.P for the purpose of the said sub-clause for the assessment year 2005-2006 to 2007-2008 subject to the following conditions
Notification No.57/2005 – Income Tax It is notified for general information that approval to the enterprise/undertaking, listed at para (3) below has been renewed 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 with effect from the Assessment Year 2005-06 to Assessment Year 2028-2029 (upto 02.07.2027) i.e. end of period of 30 years as mentioned in the Licence Agreement dated 03.07.1997 entered into with the Board of Trustees of Jawaharlal Nehru Port Trust
Notification No.56/2005 – Income Tax It is notified for general information that the approval to the enterprise/undertaking, listed at para (3) below has been renewed 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 with effect from the Assessment Year 2004-05 to Assessment Year 2022-2023 (upto 26.09.2021) i.e. end of period of
Notification No.53/2005 – Income Tax S.O. 205(E).—In the notification of the Government of India, in the Ministry of Finance (Department of Revenue) (Central Board of Direct Taxes), number S.O. 1316(E) dated the 1st December, 2004, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (ii). dated the 1st December, 2004, at pages 13 to 21
It is notified for general information that the enterprise/undertaking, listed at para (3) below 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 with effect from the Asstt. Year 2003-2004 to Assessment Year 2017-2018 (upto 15.11.2016) i.e. the end of lease period of 14 years
S.O. 195(E).—In exercise of the powers conferred by Section 35CCA of the income Tax Act, 1961 read with rule 6AAA of the Income Tax Rules, 1962, the Central Board of Direct Taxes empowers the Income-tax authorities specified in column number (2) of the Schedule hereto annexed to be the Chairman of the Committee for the purposes of Section 35CCA
