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.S. O. 1372 – Income Tax It is notified for general information that P. N. B. Housing Finance limited, 9th Floor, Antriksh Bhavan, 22, Kasturba Gandhi Marg, New Delhi-110001, has been approved by the Central Government for the purpose of section 36(1)(viii) of the Income-tax Act, 1961, for the assessment year 1999-2000
Notification No.10897 – Income Tax It is notified for general information that enterprises, listed at para (3) below have 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 the assessment years 1999-2000, 2000-2001 and 2001-2002
Notification No.10896 – Income Tax It is notified for general information that M/s Synergy Mortgage Loan Company Limited 3011 and 3014 High Point III, 25 Palace Road, Bangalore has been approved by the Central Government for the purposes of section 36(1)(viii) of the Income-tax Act, 1961, for the assessment years 1999-99 and 1999-2000
Notification No.10895 – Income Tax It is notified for general information that M/s PNB Housing Finance Limited, 9th floor, Antriksh Bhavan, 22, Kasturba Gandhi Marg, New Delhi—110 001 has been approved by the Central Government for the purposes of section 36(1)(viii) of the Income-tax Act, 1961, for the assessment year 1999-2000
Notification No.S. O. 298(E) – Income Tax In exercise of the powers conferred by item (h) of sub-clause (iv) of clause (15) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies 7-years 8.85% tax-free (2004-VIII Series) Non-convertible Secured Redeemable Bonds of Rs. 1,00,000 each for an amount of Rs. 175 crores (rupees one hundred seventy-five crores only) bearing distinctive numbers from 80000001 to 80017500 issued by the Power Finance Corporation Limited for the purpose of the said item
Notification: S. O. 297(E) – Income Tax In exercise of the powers conferred by item (h) of sub-clause (iv) of clause (15) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies 9.5% tax-free Indian Renewal Energy Development Agency Energy Bonds (Series V) of Rs. 1,000 each for an amount of rupees one hundred crores only bearing distinctive numbers from 01 to 1000000 issued by
Notification No.S. O. 296(E) – Income Tax In exercise of the powers conferred by item (h) of sub-clause, (iv) of clause (15) of section 10 of the Income-tax Act, 1961 (45 of 1961), the Central Government hereby specifies 7-years 8.35% tax-free (2004-XXXIV Series) Bonds of Rs. 50,00,000 each for an amount of Rs. 100 crores (rupees one hundred crores only) bearing distinctive numbers from 600001 to 600200 issued by Rural
Notification No. S. O. 294(E) – Income Tax In exercise of the powers conferred by clause (6C) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby declares that any income arising by way of fees to Dowty Aerospace Gloucester Ltd., a company having its registered office at Cheltanham Road, Gloucester, GL29HQ, U.K. for such technical services as training, technical publication, technical representations and quality assurance received in pursuance of the agreement AR/8701, dated 31st March, 1995, entered into by it
Notification No. 10888/1999 – Income Tax In exercise of the powers conferred by clause (6C) of section 10 of the IT Act, 1961 (43 of 1961), the Central Government hereby dealers that any income arising by way of fees to M/s Dowty Aerospace Gloucester Limited, a company having its registered office at Cheltanham Road, Gloucester, GL2 9HQ, U.K. for such technical services as training, technical publication, technical
Notification No. 10886/1999 – Income Tax In exercise of the powers conferred by item (h) of sub-clause (iv) of clause (15) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies 7 years 8.85% tax-free (2004-VIIIth Series) non-convertible secured redeemable bonds of Rs. 1,00,000 each for an amount of Rs. 175 crores (Rupees one hundred seventy-five crores only) bearing distinctive numbers from 80000001 to 80017500 issued by Power Finance Corporation Limited for the purpose of the said item
