Sponsored
    Follow Us:

Section 10B

Latest Articles


Comprehensive Guide to Key Terms in the World of NGOs and Trusts

Income Tax : Non-Governmental Organizations (NGOs) and trusts play a vital role in contributing to the welfare of society through charitable an...

January 15, 2024 762 Views 0 comment Print

Important Points Related To Income Tax Compliance for Charitable & Educational Institutions AY 2023-24

Income Tax : Explore key income tax compliance requirements for charitable and educational institutions under the Income Tax Act for the assess...

October 30, 2023 24783 Views 3 comments Print

Small Businessmen Can opt Presumptive Taxation Scheme under section 44AD

Income Tax : Learn how small business owners can benefit from the presumptive taxation scheme under Section 44AD. Find out the eligibility cri...

June 29, 2023 1755 Views 0 comment Print

Exemption Under Special Provisions – Sections 10A/10AA/10B

Income Tax : Article discusses Exemption Under Special Provisions of Sections 10A, Section 10AA and Section 10B of Income Tax Act, 1961. A. Sec...

August 25, 2018 435192 Views 3 comments Print

S. 10A / 10B Restriction on transfer of technical manpower under Circular Nos.14 and 12 of 2014

Income Tax : The Central Board of Direct Taxes (CBDT) had issued a Circular No.12 of 2014, dt.18.7.2014, by way of clarification regarding allo...

February 3, 2016 5637 Views 0 comment Print


Latest News


Foreign Trade Policy 2009-14 – IT exemption U/s.10(A) & 10(B) extended till March 2011

Fema / RBI, Finance, Income Tax : Announcing the foreign trade policy 2009-14 here on Thursday, Mr Anand Sharma, Union Commerce Minister said, the Government wanted...

August 28, 2009 959 Views 0 comment Print


Latest Judiciary


Section 10B Benefit Applicable Before Set Off of Unabsorbed Depreciation & Brought-Forward Losses

Income Tax : Madras High Court held that benefit of section 10B of the Income Tax Act available even before setting off of unabsorbed depreciat...

September 30, 2024 180 Views 0 comment Print

Prior to passing of final assessment order it is mandatory to pass draft assessment order: Delhi HC

Income Tax : Delhi High Court held that passing of a draft assessment order as mandated under section 144C of the Income Tax Act is mandatory p...

September 10, 2024 1026 Views 0 comment Print

Section 80P(2)(a)(i) deduction not allowed if not claimed in Tax Return

Income Tax : Explore the ITAT Mumbai's ruling on Datta Prasad Sahakari Patsanstha's appeal against the denial of deduction under section 80P(2)...

February 20, 2024 1260 Views 0 comment Print

Section 80P Deduction Conditional on Timely Claim in Return Filed U/s 139(1)

Income Tax : Explore the ITAT Bangalore verdict on how the statutory deadline for filing returns affects eligibility for deductions under Secti...

February 13, 2024 2235 Views 1 comment Print

Additional Deduction Claimable Under Section 80JJAA After Return Filing

Income Tax : ITAT Delhi held that the assessee is entitled to make additional claim of deduction u/s. 80JJAA of the Income Tax Act on the stren...

October 5, 2023 1884 Views 0 comment Print


Latest Notifications


CBDT clarification on export of computer software in relation to Sec 10A, 10AA, 10B

Income Tax : A clarificatory Circular No. 01/2013 dated 17.01.2013 was issued by CBDT to address various contentious issues leading to tax disp...

March 16, 2014 2214 Views 0 comment Print

AO to follow clarification on export of computer software Direct tax benefits -CBDT

Income Tax : A clarificatory Circular No. 01/2013, dated 17-1-2013 (hereinafter referred to as 'Circular') was issued by CBDT to address variou...

November 21, 2013 1670 Views 0 comment Print

Circular on Sections 10A, 10AA, 10B and 10BA – Related to set off and carry forward of losses

Income Tax : Circular No. 07/DV/2013-Income Tax The two sections 10A and 10B of the Act were initially placed on statute in 1981 and 1988 resp...

July 16, 2013 29620 Views 0 comment Print

Clarification Regarding issues Relating to Export of Computer Software- Direct TAX Incentives

Income Tax : The Indian Software Industry has been the beneficiary of direct tax incentives under the provisions like sections 10A, 10AA & 10B ...

January 17, 2013 1832 Views 0 comment Print

Clarifications on Issues relating to export of computer software – Deduction U/s. 10A, 10AA & 10B

Income Tax : Circular No. 01/2013-Income Tax The CBDT has issued a Circular No. 01/2013 dated 17.01.2013 in which it has provided clarificatio...

January 17, 2013 4826 Views 0 comment Print


Latest Posts in Section 10B

Section 10B Benefit Applicable Before Set Off of Unabsorbed Depreciation & Brought-Forward Losses

September 30, 2024 180 Views 0 comment Print

Madras High Court held that benefit of section 10B of the Income Tax Act available even before setting off of unabsorbed depreciation and brought-forward losses. Accordingly, matter decided in favour of assessee.

Prior to passing of final assessment order it is mandatory to pass draft assessment order: Delhi HC

September 10, 2024 1026 Views 0 comment Print

Delhi High Court held that passing of a draft assessment order as mandated under section 144C of the Income Tax Act is mandatory prior to passing of final assessment order. Accordingly, order liable to be set aside.

Section 80P(2)(a)(i) deduction not allowed if not claimed in Tax Return

February 20, 2024 1260 Views 0 comment Print

Explore the ITAT Mumbai’s ruling on Datta Prasad Sahakari Patsanstha’s appeal against the denial of deduction under section 80P(2)(a)(i) for the assessment year 2011-12.

Section 80P Deduction Conditional on Timely Claim in Return Filed U/s 139(1)

February 13, 2024 2235 Views 1 comment Print

Explore the ITAT Bangalore verdict on how the statutory deadline for filing returns affects eligibility for deductions under Section 80P, highlighting the case of Madhu Souharda Pathina Sahakari Niyamitha vs ITO.

Comprehensive Guide to Key Terms in the World of NGOs and Trusts

January 15, 2024 762 Views 0 comment Print

Non-Governmental Organizations (NGOs) and trusts play a vital role in contributing to the welfare of society through charitable and philanthropic activities. Navigating the intricate landscape of legal and financial terms related to these entities is essential for their effective functioning. This comprehensive guide aims to shed light on key terms associated with NGOs and trusts, […]

Important Points Related To Income Tax Compliance for Charitable & Educational Institutions AY 2023-24

October 30, 2023 24783 Views 3 comments Print

Explore key income tax compliance requirements for charitable and educational institutions under the Income Tax Act for the assessment year 2023-24.

Additional Deduction Claimable Under Section 80JJAA After Return Filing

October 5, 2023 1884 Views 0 comment Print

ITAT Delhi held that the assessee is entitled to make additional claim of deduction u/s. 80JJAA of the Income Tax Act on the strength of judgment of Hon’ble High Court of Karnataka even though the same was not included while filing return of income.

Internal transfer between two EOUs eligible for exemption u/s 10B

September 16, 2023 591 Views 0 comment Print

ITAT Mumbai held that the amount of internal transfer between two EOUs of the assessee is to be considered for the purpose of arriving at the profit eligible for exemption under section 10B of the Income Tax Act.

Specified domestic transactions adjustment invalid after 01.04.2017

September 2, 2023 510 Views 0 comment Print

Finance Act, 2017 removed clause (i) of section 92BA, effectively nullifying any decisions made by the Assessing Officer under this section. Reference to the TPO under section 92CA also becomes invalid

Section 24(b), 80C & 80D Deduction Can’t Be Denied for Not Claiming in ITR

September 1, 2023 6369 Views 0 comment Print

In Sandip Chattopadhyay vs. ITO case, ITAT Kolkata ruled that deductions under sections 24(b), 80C, and 80D cannot be denied for not being claimed in ITR.

Sponsored
Sponsored
Search Post by Date
November 2024
M T W T F S S
 123
45678910
11121314151617
18192021222324
252627282930