Notifications

The Central Board of Direct Taxes (CBDT) has made few amendments in Income Tax Rules 1962 Under Section 295, to be effective from September 1, 2025.

CBDT Updates Income-tax Rules: Form 7 Amended to Cover Block Period Assessments

The amended rules will now be known as the Income Tax (Twenty-Second Amendment) Rules

CBDT Introduces Rule 3C & 3D under Income Tax Rules: Key Changes for Salaried Taxpayers

Articles

Taxpayers with income from capital gains may not get the Section 87A rebate, even if their total income is below the exemption limit. Know complete information below.

Section 87A Rebate: No Relief on Capital Gains Despite Income Below Threshold

Judgement

Court holds that profits for Section 32AB must be as per audited P&L under Schedule VI; additional cane price fixed post-closing cannot reduce eligible deduction

HC Rules Section 32AB Deduction Must Be Computed on Companies Act, Profits Excludes Later Sugarcane Price Adjustment

The Income Tax Department allows taxpayers to file ITR-U or an updated Income Tax Return to correct their mistakes and update their ITR.

ITR Filing 2025: Updated Return for AY 2021-22 to AY 2024-25 Now Live on E-Filing Portal

Since the notice issued under section 148 was issued during the extended period from 01.04.2021 to 30.06.2021 under TOLA, the Court quashed the same, calling it invalid.

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CBDT Updates Income-tax Rules: Form 7 Amended to Cover Block Period Assessments

CBDT Introduces Rule 3C & 3D under Income Tax Rules: Key Changes for Salaried Taxpayers

Section 87A Rebate: No Relief on Capital Gains Despite Income Below Threshold

HC Rules Section 32AB Deduction Must Be Computed on Companies Act, Profits Excludes Later Sugarcane Price Adjustment

ITR Filing 2025: Updated Return for AY 2021-22 to AY 2024-25 Now Live on E-Filing Portal

Gujarat HC Quashes AY 2015-16 Reassessment Notice: Confirms SC's Stand that All Such Notices Post 01.04.2021 Are Invalid