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 article examines whether Section 58(3) of the Income-tax Act, 2025 makes tax audit compulsory whenever profits fall below 6%, ...
Income Tax : Income may become tax-free under the new tax regime because of the standard deduction and Section 87A rebate, but ITR filing may s...
Income Tax : The issue concerns whether declaring profits below the presumptive rate automatically triggers tax audit or whether turnover thres...
Income Tax : The article analyses whether declaring profits below presumptive rates automatically triggers tax audit under the Income-tax Act, ...
Income Tax : This analysis explains how charitable and religious trusts qualify for exemption under Sections 11 to 13 of the Income-tax Act. It...
Income Tax : Net direct tax collections for FY 2026-27 grew by 14.64% as of June 17, 2026, driven by higher corporate and non-corporate tax rec...
Income Tax : Association requested CBDT to rationalize CASS 2026 case selection considering the administrative burden caused by implementation ...
Income Tax : The data shows a steady increase in net direct tax collections driven by higher corporate and non-corporate tax revenues. It highl...
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 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 : CBDT has notified the Indian Institute for Human Settlements as an approved institution for social science and statistical researc...
Income Tax : CBDT has clarified that lessees need not deduct TDS on ship lease payments once the IFSC lessor submits Form 1(N), provided the Se...
Income Tax : CBDT has notified tax exemption for specified income of the Mussoorie Dehradun Development Authority under section 10(46). The not...
Income Tax : Exercising powers under Section 119(2)(b), CBDT has condoned delays in Form 10AB filing for eligible cases. The Circular does not ...
Income Tax : CBDT has approved a scientific research institution under the Income-tax Act, 2025 for tax years 2026-27 to 2030-31. The notificat...
ntroduction: The Appointments Committee of the Cabinet, under the Ministry of Personnel, Public Grievances & Pensions, has recently sanctioned the appointment of 18 Judicial Members and 22 Accountant Members for the Income Tax Appellate Tribunal (ITAT). This move, aimed at reinforcing the ITAT with qualified individuals, carries implications for the judicial and financial landscape of […]
Explore the latest Income Tax Amendment (Twenty-Eighth Amendment) Rules, 2023. Understand the new investment clause and its impact. Stay informed with the Ministry of Finance.
Read about India’s collaboration with Saint Lucia through the Tax Inspectors Without Borders (TIWB) program, strengthening tax administration and sharing best practices under the CRS framework
Introduction: Lok Sabha Unstarred Question No. 87, presented by Shrimati Mala Roy, probes into crucial aspects of India’s Income Tax scenario for the Financial Year 2022-23. The question seeks information on the percentage of people filing returns, the total income tax collected, and the annual plan and non-plan expenditure of the Income Tax Department. Detailed […]
Explore the impact of Notification 102/2023 by the Ministry of Finance on tax exemptions for Godavari River Management Board. Details on grants, subsidies, and more
Introduction: On the 1st of December, 2023, the Central Board of Direct Taxes (CBDT), under the Ministry of Finance, issued a crucial order under section 119 of the Income-tax Act, 1961. The order addresses the processing of electronically filed income tax returns with refund claims, extending the deadline beyond prescribed limits for non-scrutiny cases. This […]
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Notification No.101/2023-Income Tax: Maharashtra Council of Homoeopathy granted recognition for specified incomes under Section 10(46).
Notification No.100/2023-Income Tax: CBDT notifies Chhattisgarh Rajya Beej Pramanikaran Sanstha recognized for specified incomes under section 10(46)
Section 138 notification under Income-tax Act 1961. Learn how UIDAI plays a crucial role in disclosing information about assessees. Stay informed with this update.
