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...
Circular No. 363 – Income Tax I am directed to say that the Board has considered the question whether interest on house building advance taken by the Central Government servants under the House Building Advance Rules of the Ministry of Works & Housing can be allowed as deduction when the interest becomes due or when it is actually paid
Notification No- G.S.R.504(E) – Income Tax In exercise of the powers conferred by sub-clause (iii) of clause (c) of Explanation 1 to sub-section (1) of section 54E of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies that the National Rural Development Bonds (Second Issue) specified under clause (b) of rule 4 of the Public Debt Rules, 1946, in the notification of the
Notification No- G.S.R.502(E) – Income Tax In pursuance of sub-clause (iii) of clause (c) of Explanation 1 to sub-section (1) of section 54E of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies the issue of the National Rural Development Bonds (Second Issue) with effect from the 7th July, 1983.
Circular No. 362 – Income Tax I am directed to invite a reference to this Ministry’s Circular No. 342 [F.No. 275/16/82-IT(B)], dated 19-5-1982 and corrigendum of even number dated 14-9-1982 wherein the rates of income-tax deduction during the financial year 1982-83 from the payments of income-tax chargeable under the head “Salaries” under section 192 were intimated
Notification No- S.O.2947 – 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 Spastics Society of Eastern India, for the purpose of the said section for the period covered by the assessment years 1983-84 to 1985-86
Circular No. 361 – Income Tax I am directed to invite a reference to this Department’s Circular No. 340 [F. No. 275/20/82-IT(B)], dated 6-5-1982 wherein the rates at which the deduction of income-tax was to be made during the financial year 1982-83 from payments of income by way of insurance commission under
Notification No- S.O.2419 – 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 Omkareshwar Deosthan Trust, Pune, for the purpose of the said section for the period covered by the assessment years 1981-82 to 1983-84
Notification No- S.O.2418 – 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 T.V.S Charities Trust for the purpose of the said section for the period covered by the assessment years 1982-83 to 1983-84.
Notification No- S.O.388(E) – Income Tax In pursuance of clause (b) of rule 6 of Part A of the Fourth Schedule to the Income-tax Act, 1961, (43 of 1961), and in supersession of the notification of the Government of India, Ministry of Finance (Department of Revenue) No. S. O. 676(E), dated the 1st September, 1981, the Central Government hereby fixes with immediate effect 9 1/2 per cent. as the rate referred to in the said clause (b).
Notification No- S.O.2732 – Income Tax In exercise of the powers conferred by sub-section (2)(b) of section 80G of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies Shree Dholi Satiji Mandir, Fatehpur (Rajasthan), to be a place of public worship of renown throughout the State of Rajasthan
