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 the powers conferred by clause (iib) of the proviso to section 193 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies the 3 year HUDCO Capital Gains Debentures issued by the Housing and Urban Development Corporation Ltd., New Delhi, for the purpose of the said clause.
Notification No. S.O.669-Income Tax In exercise of the powers conferred by clause (iib) of the proviso to section 193 of the Income-tax Act, 1961(43 of 1961), the Central Government hereby specifies the “1987-88 IPCL–13 per cent. Secured Redeemable Non-Convertible Bonds” issued by the Indian Petrochemicals Corporation Limited, Vadodara, Gujarat, for the purposes of the said clause
Notification No. S.O.670-Income Tax In exercise of the powers conferred by clause (iib) of the proviso to section 193 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies the “13 per cent. Secured Redeemable Non-Convertible (‘A’ Series) HPF Bonds” issued by the Hindustan Photo Films Manufacturing Company Ltd., Ootacamund, for the purposes of the said clause
Notification No. S.O.671-Income Tax In exercise of the powers conferred by clause (iib) of the proviso to section 193 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies the “12.5 per cent. HDFC Bonds, 1997 (B)” issued by the Housing Development Finance Corporation Limited, Bombay, for the purpose of the said clause
Notification No. S.O.672-Income Tax In exercise of the powers conferred by clause (iib) of the proviso to section 193 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies the bonds issued by the Export-Import Bank of India, Bombay, as mentioned in the Table hereto annexed, for the purpose of the said clause
In exercise of the powers conferred by clause (iib) of the proviso to section 193 of the Income-tax Act, 1961(43 of 1961), the Central Government hereby specifies the 11 per cent.–IDBI Bonds, 2002 (46th Series) issued by the Industrial Development Bank of India, Bombay, for the purposes of the said clause.
Notification No. S.O.1318-Income Tax In partial modification of this Office Notification No. 7610 (F. No. 203/179/87/ITA. II) dated 10-11-1987. This notification contains amendment to Income-tax Act 1961 carried out on 11th January 1988 not reproduced here as it is already contained in the body of the Act itself
That the said Institute will furnish annual returns of its scientific research activities to the prescribed authority for every financial year in such forms as may be laid down and intimated to them for this purpose by 31st May, each year.
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 Kasturba Gandhi Kanya Gurukulam, Vedaraniam, Tanjavur District, Tamil Nadu for the purpose of the said sub-clause for the assessment years 1987-88 and 1988-89.
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 Shri Kanyakumari Gurukula Ashram, Kanyakumari for the purpose of the said sub-clause for the assessment years 1983-84 and 1988-89.
