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. 11103/1999 – Income Tax In exercise of powers conferred by clause (e) of sub-section (12) of section 80-IA of the Income-tax Act, 1961 (43 of 1961), the Central Government, having regard to the stage of development of such area including the extent of and scope for, urbanisation of such area and other relevant consideration specifies the areas shown in column 3 of the schedule below and falling outside the local
Notification No. 11102/1999 – Income Tax In exercise of powers conferred by clause (f) of sub-section (14) of section 80-IB of the Income-tax Act, 1961 (43 of 1961), the Central Government, having regard to the stage of development of such area including the extent of and scope for, urbanisation of such area and other relevant consideration specifies the areas shown in column 3 of the schedule below and falling outside the local
Circular No. 780-Income Tax Section 10(23G) of the Income-tax Act, 1961 was inserted by the Finance (No.2) Act, 1996, w.e.f. 1-4-1997. This clause exempts income by way of dividend, interest and long-term capital gains arising out of investments made in an enterprise engaged in the business of developing, maintaining
Notification No. 11091/1999 – Income Tax In the notification of the Government of India, in the Ministry of Finance, Department of Revenue (Central Board of Direct Taxes) No. S.O. 773(E) dated the 20th September, 1999 published at pages 1 and 2, in the Gazette of India, Extraordinary, Part II section 3; sub-section (ii), dated the 20th September, 1999, at page 2 [published at (1999) 156 CTR (St) 71], after line 5, insert the following
Notification No. 11085/1999 – Income Tax In exercise of the powers conferred by clause (v) of the Explanation to section 48 of the Income-tax Act, 1961 (43 of 1961), the Central Government, having regard to seventy-five per cent of average rise in the Consumer Price Index for the financial year commencing on the 1st day of April, 1998 and ending on the 31st day of March, 1999
Circular No. 779-Income Tax 4.2 Rates for deduction of income-tax at source during the financial year 1999-2000 from income other than Salaries 4.2-1 The rates for deduction of income-tax at source during the financial year 1999-2000 from income other than Salaries, have been specified in Part II of the First Schedule to the Act. These rates apply to income by way of interest on securities, interest other than interest on securities, insurance commission, winnings from lotteries or crossword puzzles, winnings from horse races and income of non-residents (including non-resident Indians).
Notification No. 11078/1999 – Income Tax It is notified for general information that M/s Export Import Bank of India, Mumbai, has been approved by the Central Government as a Corporation engaged for providing long-term finance for industrial and infrastructure development in the country for the purpose of section 36(1)(viii) of the Income-tax Act, 1961, for the assessment
Notification No. 11056/1999 – Income Tax In exercise of the powers conferred in clause (1)(viii) of section 36 of the Income-tax Act, 1961, the Central Government hereby makes the following correction to the Notification No. 10998, dated 8th July, 1999 [published at (1999) 154 CTR (St) 83]
Notification No. S.O.703(E) – Income Tax In exercise of the powers conferred by sub-sections (1) and (2) of section 120 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby (a) directs that the Chief Commissioners specified in column (2) of the Schedule annexed, having their headquarters at the places specified in the corresponding entries in column
Notification No. 11055/1999 – Income Tax In exercise of the powers conferred by sub-section (1) and (2) of the section 120 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby
