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...
Circular No. 17/2022- Income Tax – Condonation of delay under Section 119(2)(b) of the Income-tax Act, 1961 in filing of Form No. 9A and Form No. 10 for Assessment Year 2018-19 and subsequent years —Reg. Circular No. 17/2022- Income Tax F.No.197/89/2022-ITA-1 Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes […]
Commissioner of Income-tax as specified in column (4) of the Schedule below shall be subordinate to the Chief Commissioner of Income-tax specified in column (3) of the said Schedule.
Notification No. 81/2022-Income Tax, Dated: 08.06.2022- Central Government notifies ‘Bihar Electricity Regulatory Commission’ constituted by State Government of Bihar in respect of the specified income under section 10(46) of Income Tax Act, 1961. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) New Delhi, the 8th July, 2022 Notification No. 81/2022-Income Tax S.O. 3142(E).—In […]
CBDT notifies new Income Tax Rule 21AL Other Conditions required to be fulfilled by original fund vide Notification No. 80/2022- Income Tax Dated: 8th July, 2022. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) New Delhi Notification No. 80/2022- Income Tax | Dated: 8th July, 2022. G.S.R. 524(E).—In exercise of the powers conferred […]
CBDT notifies ‘Uttar Pradesh Electricity Regulatory Commission’ under Section 10(46) of Income-tax Act, 1961 vide Notification No. 79/2022- Income Tax | Dated: 6th July, 2022. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) New Delhi Notification No. 79/2022- Income Tax | Dated: 6th July, 2022 S.O. 3105(E).—In exercise of the powers conferred […]
CBDT issues Corrigendum Notification No. 78/2022-Income Tax, Dated: 04.07.2022 to rectify mistakes in Notification No. 60/2022-Income Tax | Dated: 10th June, 2022 MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) CORRIGENDUM New Delhi, the 4th July, 2022 Notification No. 78/2022-Income Tax S.O. 3044(E).—In the notification of the Government of India, Ministry of Finance, […]
Corrigendum Notification No. 77/2022-Income Tax, Dated: 01.06.2022 to amend Notification No. 73/2022- Income Tax | Dated: 30th June, 2022 MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) CORRIGENDUM New Delhi, the 1st July, 2022 Notification No. 77/2022-Income Tax G.S.R. 505(E).––In the notification of the Government of India, Ministry of Finance, Department of Revenue […]
MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) CORRIGENDUM New Delhi, the 30th June, 2022 Notification No. 76/2022-Income Tax S.O. 2961(E).—In the notification of the Government of India, Ministry of Finance, Department of Revenue, Central Board of Direct Taxes, number S.O. 2926(E), dated the 28th June, 2022, published in the Gazette of […]
Notification No. 75/2022- (Income-tax) | Dated: 30th June, 2022– CBDT specifies a token which qualifies to be a virtual digital asset as non-fungible token within the meaning of sub-clause (a) of clause (47A) of section 2 of the Act but shall not include a non-fungible token whose transfer results in transfer of ownership of underlying […]
Central Government hereby notifies following virtual digital assets which shall be excluded from the definition of virtual digital asset: (i) Gift card or vouchers, being a record that may be used to obtain goods or services or a discount on goods or services;
