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.75 – Income Tax In exercise of the powers conferred by clause (v) of sub-section (23C) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies Sri Agneeswarar Temple, Tamil Nadu, for the purpose of the said section for the period covered by the assessment years 1979-80 to 1983-84
Notification No- S.O.259 – Income Tax In pursuance of sub-clause (ii) of clause (a) of sub-section (1) of section 138 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies the Karnataka State Vigilance Commission, Bangalore, or any officer specifically authorised by the commission in this behalf for the purposes of the said sub-clause
Notification No- S.O.175 – Income Tax In exercise of the powers conferred by clause (iv) of sub-section (23C) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies Jhargram Leprosy Project, Calcutta for the purpose of the said section for the period covered by the assessment years 1981-82 and 1982-83
Notification No- S.O.174 – Income Tax In exercise of the powers conferred by clause (iv) of sub-section (23C) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies Maharashtra State Council for Child Welfare for the purpose of the said section for the period covered by the assessment years 1983-84 to 1985-86
Central Government notifies Sanjivani Trust, Bombay, under the Income-tax Act for tax exemptions applicable from 1983-84 to 1985-86.
Notification No- S.O.172 – Income Tax In exercise of the powers conferred by clause (v) of sub-section (23C) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies Shri Santram Maharaj Mandir, Nadiad, for the purpose of the said section for the period covered by the assessment years 1982-83 to 1984-85
Notification No- S.O.171- Income Tax In exercise of the powers conferred by clause (iv) of sub-section (23C) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies Indian National Theatre, Bombay, for the purpose of the said section for the period covered by the assessment years 1981-82 to 1983-84
Notification No- S.O.163 – Income Tax It is hereby notified for general information that the following scientific research programme has been approved for the period specified below for the purposes of sub-section (2A) of section 35 of the Income-tax Act, 1961, read with rule 6 of the Income-tax Rules, 1962, by the Secretary, Department of Science & Technology, New Delhi
Circular : No. 373 -Income Tax . The Board have been receiving representations from various associations/ unions/chambers/industries, etc., for amendment of rule 68 of the Income-tax Rules, 1962 which govern the rules regarding house building advances from the Provident Fund accounts of the employees. Rule 68/69 has since been amended vide Board’s Notification No. SO 789, dated 1-11-1983 which is being circulated
Circular No. 374 – Income Tax Under rule 3(a)(iii) the value of the perquisite in the form of rent-free residential accommodation provided by an employer other than the Government and statutory corporations wholly owned by the Government, etc., referred to in rule 3(a)(i ) and (ii), is to be taken at 10 per cent of the salary paid to the employee. However, if the actual rental value of the accommodation is in excess of 20 per cent of
