Read all Latest Updates on and about Income Tax Exemption

Begin typing your search above and press return to search.

Home
»
Income Tax Exemption

Notices Issued to Senior Execs Earning Over Rs. 50 Lakh for Alleged Misuse of Income Tax Exemptions

Several senior executives drawing annual salaries of more than Rs. 50 lakhs have come under the scanner for underreporting and claiming unwarranted...

Karnataka HC Quashes CBDT’s Rejection of University’s Income Tax Exemption Request, Directs Fresh...

Budget 2026: FM Proposes Income Tax Exemption on Compensation from Compulsory Land Acquisition Under...

No Sufficient Cause to Revise Income Tax Exemption Order after 7 Years: Supreme Court Backs...

CBDT Grants S.10(46A) Income Tax Exemption to Punjab Urban Planning and Development Authority

Bombay HC Refuses Interim Relief to Same-Sex Couple Alleging Discrimination in Income Tax Exemption

The Bombay High Court refused to grant interim relief to a same-sex couple challenging the constitutional validity of Section 56(2)(x) of the Income Tax Act, which they claimed discriminates...

CIT(E) Cannot Reject 12AB & 80G Income Tax Exemption Applications without Considering Compliance Documents: ITAT [Read Order]

The Ahmedabad Benchof the Income Tax Appellate Tribunal in a recent case held that the Commissioner of Income Tax (Exemption) had erred in rejecting renewal applications under Section...

Supreme Court Dismisses Plea Against Expanded Definition of “Sikkimese”, Rules Change Limited to Income Tax Exemption Purpose Only [Read Order]

In a recent ruling, the Supreme Court of India dismissed a plea challenging the expanded definition of “Sikkimese” under Section 10(26AAA) of the Income Tax Act, 1961, and clarified that the change...

CBDT Grants Income Tax Exemption to Chandigarh High Court Legal Services Committee on Costs, Grants & Bank Interest [Read Notification]

The Central Board of Direct Taxes (CBDT) has notified income tax exemption for the High Court Legal Services Committee, Chandigarh on specified income under Section 10(46) of the Income-tax Act,...

CBDT Grants Income Tax Exemption to Ghaziabad Development Authority [Read Notification]

The Central Board of Direct Taxes ( CBDT ) has notified income tax exemption under Section 10(46A) of the Income-tax Act, 1961 to Ghaziabad Development Authority (GDA).The notification, issued...

CBDT Extends Income Tax Exemption Timelines by Six Years for Sovereign Wealth and Pension Funds u/s 10(23FE) [Read Notification]

The Central Board of Direct Taxes (CBDT), Ministry of Finance, has issued Notification G.S.R. 598(E) dated September 1, 2025, introducing the Income-tax (Twenty-Fifth Amendment) Rules, 2025. This ...

Five Key Income Tax Changes for Salaried Employees: August 2025 Edition

Salaried employees witnessed important changes in income tax rules during August 2025, with the Central Board of Direct Taxes ( CBDT ) and recent legislative updates introducing measures that alter...