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...
In exercise of the powers conferred by clause (b) of sub-section (2) of section 80G of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies the Sri Laxminarsimha Swamy Temple to be a place of public worship of renown throughout the State of Andhra Pradesh for the purpose of the said section on the condition that the donations received will be utilised exclusively for the renovation of the temple and that separate accounts will be maintained for this purpose.
In exercise of the powers conferred by clause (b) of sub-section (2) of section 80G of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies the Arulmigu Pathanjaleeswarar Devasthanam, Kalnattam Puliyur, Kattumannar Koil Taluk, South Arcot District to be a place of public worship of renown throughout the State of Tamil Nadu for the purpose of the said section on the condition that the temple will maintain separate books of accounts for this purpose and the donations received will be utilised exclusively for the renovation of the temple.
In exercise of the powers conferred by sub-clause (v) of clause (23C) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies Jagadguru Sri Sankaracharya Swamigal Srimatam Samasthanam, Kancheepuram for the purpose of the said sub-clause for the assessment year 1988-89.
In exercise of the powers conferred by sub-clause (v) of clause (23C) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies Jagatguru Sri Sankaracharaya Swamigal Srimatam Samasthanam, Kancheepuram for the purpose of the said sub-clause for the assessment year 1988-89.
In exercise of the powers conferred by sub-clause (iii) of clause (10) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government, having regard to the maximum amount of any gratuity payable to its employees, hereby specifies one lakh rupees as the limit for all the three purposes mentioned in that sub-clause in relation to the employees, referred to therein, who retire or become incapacitated prior to such retirement or die on or after the 1st day of April, 1988, or whose employment is terminated on or after the said date.
In exercise of the powers conferred by sub-clause (v) of clause (23C) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies Sri Maridammavari Temple, Peddapuram, Andhra Pradesh for the purpose of the said sub-clause for the assessment years 1985-86 to 1988-89. [No. 7900/F. No. 197/139/85-IT(A1)
In exercise of the powers conferred by sub-clause (v) of clause (23C) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies Sri Velur Devasthanam, Thanjavur for the purpose of the said sub-clause for the assessment years 1982-83 to 1988-89. [No. 7899/F. No. 197/168/84-IT(A1)
In exercise of the powers conferred by sub-clause (iv) of clause (23C) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies Sri Sri Vijoykrishna Ashram Relief Society, Calcutta for the purpose of the said sub-clause for the assessment year 1988-89. [No. 7905/F.No. 197/258/187-ITA (1)
In exercise of the powers conferred by sub-clause (iv) of clause (23C) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies German Leprosy Relief Association Rehabilitation Fund, Madras for the purpose of the said sub-clause for the assessment year 1988-89. [No. 7906/F.No. 197/10/88-ITA (1)
In exercise of the powers conferred by sub-clause (iv) of clause (23C) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies Uttar Pradesh Sainik Punarvas Nidhi for the purpose of the said sub-clause for the assessment years 1984-85 to 1988-89. [No. 7907/F.No. 197/279/87-ITA (1)
