Budget 2025: CBDT releases Income Tax Regime related FAQs
The Central Board of Direct Taxes (CBDT) has released the Income Tax related Frequently Asked Questions (FAQs), pertaining to the Union Budget...
![ITAT Dismisses Revenues Appeal on Cash Deposits and Cessation of Liabilities Due to Low Tax Effect [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/ITAT-ITAT-Delhi-Low-Tax-Effect-Liabilities-Due-Cash-Deposits-Taxscan.jpg "ITAT Dismisses Revenues Appeal on Cash Deposits and Cessation of Liabilities Due to Low Tax Effect [Read Order]")
![Disallowance for Non-Deduction of TDS on Reimbursements: ITAT Rules It Unjustified Due to Tax Compliance [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/ITAT-ITAT-Mumbai-Disallowance-Non-Deduction-of-TDS-Tax-Compliance-Taxscan.jpg "Disallowance for Non-Deduction of TDS on Reimbursements: ITAT Rules It Unjustified Due to Tax Compliance [Read Order]")
![Centre declares Income Tax Directorate’s Computer Resources as Protected Systems under IT Act, 2000 [Read Notification]](https://www.taxscan.in/wp-content/uploads/2025/01/Income-tax-Income-Tax-Directorate-Computer-Resources-as-Protected-Systems-taxscan.jpg "Centre declares Income Tax Directorate’s Computer Resources as Protected Systems under IT Act, 2000 [Read Notification]")
![Income Tax Rules Amendment 2025: New Conditions for Venture Capital Funds, Finance Companies in IFSCs, Retail Schemes, and ETFs [Read Notification]](https://www.taxscan.in/wp-content/uploads/2025/01/Income-Tax-Rules-Income-Tax-Income-Tax-Rules-Amendment-2025-Income-Tax-Rules-Amendment-taxscan.jpg "Income Tax Rules Amendment 2025: New Conditions for Venture Capital Funds, Finance Companies in IFSCs, Retail Schemes, and ETFs [Read Notification]")
[Breaking] S. 87A Rebate Update: Bombay HC Rules Rebate Applies to Total Tax, Including Special Rates Unless Explicitly Excluded [Read Order]
In a recent ruling, the Bombay High Court ruled that the rebate under Section 87A of the Income Tax Act, 1961, applies to the total tax liability of eligible taxpayers, including tax on income...
![[Breaking] S. 87A Rebate Update: Bombay HC Rules Rebate Applies to Total Tax, Including Special Rates Unless Explicitly Excluded [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/Rebate-Update-Bombay-HC-Rebate-Applies-Total-Tax-Including-Special-Rates-Unless-Explicitly-Excluded-taxscan.jpg "[Breaking] S. 87A Rebate Update: Bombay HC Rules Rebate Applies to Total Tax, Including Special Rates Unless Explicitly Excluded [Read Order]")
CBDT Circular provides Time Extension for Approval of Fund u/s 80G: ITAT Restores matter to CIT(E) [Read Order]
The Surat Bench of the Income Tax Appellate Tribunal (ITAT) recently granted relief to an Appellant, approving the delay in application for approval of fund from the date of commencement of...
![CBDT Circular provides Time Extension for Approval of Fund u/s 80G: ITAT Restores matter to CIT(E) [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/ITAT-ITAT-Surat-Time-Extension-Charitable-Trusts-Taxscan.jpg "CBDT Circular provides Time Extension for Approval of Fund u/s 80G: ITAT Restores matter to CIT(E) [Read Order]")
CBDT Introduces Presumptive Income Tax Rule 6GB: Conditions for Non-Residents Engaged in Cruise Ship Operations [Read Notification]
The Ministry of Finance, through the Central Board of Direct Taxes ( CBDT ), issued Notification No. 9/2025 dated January 21, 2025, introducing amendments to the Income-tax Rules, 1962, to provide...
![CBDT Introduces Presumptive Income Tax Rule 6GB: Conditions for Non-Residents Engaged in Cruise Ship Operations [Read Notification]](https://www.taxscan.in/wp-content/uploads/2025/01/CBDT-Income-Tax-Rule-Income-Tax-Rule-6GB-Cruise-Ship-Operations-Non-Residents-Engaged-taxscan.jpg "CBDT Introduces Presumptive Income Tax Rule 6GB: Conditions for Non-Residents Engaged in Cruise Ship Operations [Read Notification]")
Filing Form 10CCB is Not Mandatory If Submitted Before Assessment Concludes: ITAT Allows Deduction u/s 80IA for Wind Power Generation [Read Order]
The Kolkata Bench of the Income Tax Appellate Tribunal (ITAT) ruled that the filing of Form 10CCB, required for claiming deductions under Section 80IA of the Income Tax Act, is not mandatory if it is...
![Filing Form 10CCB is Not Mandatory If Submitted Before Assessment Concludes: ITAT Allows Deduction u/s 80IA for Wind Power Generation [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/ITAT-ITAT-Allows-Deduction-Kolkata-Bench-of-ITAT-Hi-Tech-Systems-Services-Limited-CPC-assessees-counsel-ITAT-news-income-tax-return-assessment-year-Taxscan.jpg "Filing Form 10CCB is Not Mandatory If Submitted Before Assessment Concludes: ITAT Allows Deduction u/s 80IA for Wind Power Generation [Read Order]")
Disallowance of Set-Off of Brought Forward Losses u/s 72(3): ITAT allows Relief Based on BIFR Scheme [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT ) allowed relief to the assessee which had filed a revised return for Assessment Year(AY) 2014-15 to set off brought forward losses under...
![Disallowance of Set-Off of Brought Forward Losses u/s 72(3): ITAT allows Relief Based on BIFR Scheme [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/ITAT-ITAT-Ahmedabad-Income-Tax-BIFR-scheme-Income-Tax-assessment-TAXSCAN.jpg "Disallowance of Set-Off of Brought Forward Losses u/s 72(3): ITAT allows Relief Based on BIFR Scheme [Read Order]")