Judgement

The High Court of Karnataka directed the Bengaluru PCIT to consider the petitioner's delay-condonation plea under Section 119(2)(b).

Communication Quashed After PAN Jurisdiction Change: Bengaluru HC Grants Relief

News

Taxpayers must complete key investments, maintain savings accounts, and submit proof documents before March 31 to avoid penalties.

March 31 Deadline: Three Crucial Financial Tasks You Must Complete Now

Articles

As per Section 51 of the Banking Regulation Act, 1949, banks and banking institutions that fall under this category are still considered "banking companies" under the new Income-tax Act, 2025.

Income Tax Dept Provides Clarification Regarding TDS Exemption on Interest Payments by Banking Institutions

Notifications

CBDT has notified tax exemption under Section 10(46) to the Goa Board of Secondary and Higher Secondary Education, subject to conditions.

CBDT Notifies Tax Exemption for Goa Board of Secondary and Higher Secondary Education u/s 10(46)

NHPC reported a Rs 231.78 crore tax demand on its subsidiary due to a computation issue, which it plans to rectify, while also increasing its stake in RHPCL to gain majority control.

Subsidiary of NHPC Flags Rs 231.78 Crore Income Tax Demand, Plans to Furnish Rectification Application

The government gave tax exemption to OPELIP and set some important rules it had to follow. It also explained income sources and applied the benefit from past years.

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Communication Quashed After PAN Jurisdiction Change: Bengaluru HC Grants Relief

March 31 Deadline: Three Crucial Financial Tasks You Must Complete Now

Income Tax Dept Provides Clarification Regarding TDS Exemption on Interest Payments by Banking Institutions

CBDT Notifies Tax Exemption for Goa Board of Secondary and Higher Secondary Education u/s 10(46)

Subsidiary of NHPC Flags Rs 231.78 Crore Income Tax Demand, Plans to Furnish Rectification Application

CBDT Grants Conditional Income Tax Exemption To Odisha PVTG Empowerment