Personal Income tax collection surpasses Corporate tax by 0.45% in F.Y. 2022-23; CBDT Reports
The Time Series statistics, covering various aspects such as personal income tax collection, corporate tax collection, and the total number of...
![Failure of AO to conduct Proper Inquiry in source of Fresh Capital: ITAT directs AO to conduct Fresh Assessment based on available Evidence [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/ITAT-Delhi-Income-Tax-ITAT-on-Source-of-capital-Evidence-based-on-tax-assessment-Source-of-Fresh-Capital-AO-Inquiry-Failure-taxscan.jpg "Failure of AO to conduct Proper Inquiry in source of Fresh Capital: ITAT directs AO to conduct Fresh Assessment based on available Evidence [Read Order]")
![Failure of AO to conduct Proper Inquiry in source of Fresh Capital: ITAT directs AO to conduct Fresh Assessment based on Available Evidence [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/itat-delhi-Source-of-Fresh-Capital-Evidence-Based-Tax-Assessment-assessing-officer-fresh-assesement-taxscan.jpg "Failure of AO to conduct Proper Inquiry in source of Fresh Capital: ITAT directs AO to conduct Fresh Assessment based on Available Evidence [Read Order]")
BCI Gains No Benefit from Delaying in Filing Form 10: Delhi HC Orders Income Tax Commissioner to Accept Form 10 after Condoning Delay [Read Order]
In a significant ruling, the Delhi High Court has quashed the order issued by the Commissioner of Income Tax (Exemption) and directed the authorities to accept Form No. 10 submitted by the Bar...
![BCI Gains No Benefit from Delaying in Filing Form 10: Delhi HC Orders Income Tax Commissioner to Accept Form 10 after Condoning Delay [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/BCI-Delhi-HC-Income-Tax-Commissioner-Condoning-Delay-BCI-Gains-No-Benefit-from-Delaying-in-Filing-Form-taxscan.jpg "BCI Gains No Benefit from Delaying in Filing Form 10: Delhi HC Orders Income Tax Commissioner to Accept Form 10 after Condoning Delay [Read Order]")
CBDT exempts Chennai Metropolitan Water Supply and Sewerage Board from Income Tax u/s 10(46) [Read Notification]
The Central Board of Direct Taxes (CBDT), vide notification no. S.O. 90(E) dated 8th January 2024 has notified the income tax exemption of Chennai Metropolitan Water Supply and Sewerage Board under...
![CBDT exempts Chennai Metropolitan Water Supply and Sewerage Board from Income Tax u/s 10(46) [Read Notification]](https://www.taxscan.in/wp-content/uploads/2024/01/CBDT-Chennai-Metropolitan-Water-Supply-Sewerage-Board-Income-Tax-TAXSCAN.jpg "CBDT exempts Chennai Metropolitan Water Supply and Sewerage Board from Income Tax u/s 10(46) [Read Notification]")
Punjab State Faculty of Ayurvedic and Unani Systems of Medicine Exempted from Income Tax u/s 10(46); Notifies CBDT [Read Notification]
The Punjab State Faculty of Ayurvedic and Unani Systems of Medicine has been granted Income Tax exemption under Section 10(46) of the Income Tax Act, 1961. This announcement has been made by the...
![Punjab State Faculty of Ayurvedic and Unani Systems of Medicine Exempted from Income Tax u/s 10(46); Notifies CBDT [Read Notification]](https://www.taxscan.in/wp-content/uploads/2024/01/Ayurvedic-medicine-tax-exemption-Unani-Medicine-tax-exemptions-Income-Tax-CBDT-notification-Central-Board-of-Direct-Taxes-Tax-relief-for-Ayurvedic-institutions-taxscan.jpg "Punjab State Faculty of Ayurvedic and Unani Systems of Medicine Exempted from Income Tax u/s 10(46); Notifies CBDT [Read Notification]")
Forward Contracts not by way of Trading in Foreign Exchange Derivatives: SC dismisses SLP filed by Income Tax Dept [Read Order]
The Supreme Court dismissed a special leave petition (SLP) filed by the Income Tax Department, challenging the order of the Delhi High Court regarding forward contracts not by way of trading in...
![Forward Contracts not by way of Trading in Foreign Exchange Derivatives: SC dismisses SLP filed by Income Tax Dept [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/Foreign-Exchange-special-leave-petition-Income-Tax-Department-TAXSCAN.jpg "Forward Contracts not by way of Trading in Foreign Exchange Derivatives: SC dismisses SLP filed by Income Tax Dept [Read Order]")
CBDT grants Tax Exemption to Haryana State Board of Technical Education u/s 10(46) [Read Notification]
The Haryana State Board of Technical Education, Panchkula, has been exempted from taxation by the Central Board of Direct Taxes (CBDT) under Section 10(46) of the Income Tax Act, 1961. This exemption...
![CBDT grants Tax Exemption to Haryana State Board of Technical Education u/s 10(46) [Read Notification]](https://www.taxscan.in/wp-content/uploads/2024/01/Haryana-State-Board-of-Technical-Education-CBDT-Tax-Exemption-Notification-Income-Tax-Income-Tax-Exemption-HSBTE-TAXSCAN.jpg "CBDT grants Tax Exemption to Haryana State Board of Technical Education u/s 10(46) [Read Notification]")
![Karma yogi Bharat exempted from Income Tax u/s 10(46): CBDT [Read Notification]](https://www.taxscan.in/wp-content/uploads/2024/01/Karma-yogi-Bharat-Income-Tax-CBDT-TAXSCAN.jpg "Karma yogi Bharat exempted from Income Tax u/s 10(46): CBDT [Read Notification]")
CBDT issues Guidelines on e-commerce: 1% TDS on Gross Amount of Sale of Goods and Services Facilitated through Online Platforms [Read Circular]
The Central Board of Direct Taxes (CBDT) issued guidelines under Section 194-O of the Income Tax Act, 1961 which provides that an e-commerce operator shall deduct income tax, by withholding TDS, at...
![CBDT issues Guidelines on e-commerce: 1% TDS on Gross Amount of Sale of Goods and Services Facilitated through Online Platforms [Read Circular]](https://www.taxscan.in/wp-content/uploads/2023/12/CBDT-e-commerce-Guidelines-on-e-commerce-Income-Tax-Deduction-Online-platforms-TAXSCAN.jpg "CBDT issues Guidelines on e-commerce: 1% TDS on Gross Amount of Sale of Goods and Services Facilitated through Online Platforms [Read Circular]")