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Income Tax Exemption

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

The Central Board of Direct Taxes (CBDT), under the Ministry of Finance through a Gazette Notification issued on December 15, 2025, has granted...

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

CIT(E) Cannot Reject 12AB & 80G Income Tax Exemption Applications without Considering Compliance...

Supreme Court Dismisses Plea Against Expanded Definition of “Sikkimese”, Rules Change Limited to...

CBDT Grants Income Tax Exemption to Chandigarh High Court Legal Services Committee on Costs, Grants...

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...

Centre Grants Income Tax Exemptions to Credit Guarantee Fund Trust for Animal Husbandry and Karnataka Construction Workers’ Welfare Board [Read Notification]

The Central Board of Direct Taxes (CBDT), Ministry of Finance, issued Notification No. 138/2025 and Notification No. 139/2025, both dated 22 August 2025, granting income tax exemptions under ...

Centre Notifies Income Tax Exemption for Uttarakhand Pollution Control Board from AY 2025-26 Onwards [Read Notification]

The Central Board of Direct Taxes (CBDT), functioning under the Ministry of Finance has notified income tax exemption for the Uttarakhand Pollution Control Board. The exemption, applicable from the...

Inadvertently Claimed Tax Exemption u/s 11/12A Instead of 10(23C)(via): ITAT Upholds JCIT(A) Relief as Form 10BB Filed Within Time [Read Order]

The Kolkata Bench of the Income Tax Appellate Tribunal (ITAT) has upheld the order of the Joint Commissioner of Income Tax (Appeals) in favor of B.P. Poddar Foundation for Education. The Tribunal...

Wife Sells Two Gifted Flats for ₹6 Crore and Pays No Income Tax: Here’s How

A woman in Mumbai recently sold two flats that were gifted to her by her husband. She sold the flats for almost Rs. 6 crore but did not have to pay any income tax on the profit she earned. The...