Day: July 28, 2025
Income-tax (Twentieth Amendment) Rules, 2025. Amendment to Rule 21AK CBDT notifies Income-tax (Twentieth Amendment) Rules, 2025. Amendment to Income Tax Rule 21AK- Conditions for the purpose of clause (4E) of section 10. Under clause (4E) of section 10 of the Act, transfer of non-deliverable forward contracts or offshore …
Relaxation of time for processing of e filed ITR filed upto 31.03.2024 erroneously invalidated by CPC. CBDT has issued Circular No. 10/2025 dated 28.07.2025 giving relaxation of time limit for processing of returns of income filed electronically upto 31.03.2024 which have been erroneously invalidated by CPC F. No.225/30/2025/ITA-IIGovernment …
Time for compliance of notice is to be calculated not by the clock but by the calendar. – order u/s 148A(d) quashed Time for compliance of a notice is to be calculated not by the clock but by the calendar. In a recent judgment, Hon’ble Jharkhand High Court …
Exemption u/s 54F allowed by ITAT holding that investment in purchase of plot in the name of the spouse and their respective shares is immaterial In a recent judgment, ITAT Chennai has allowed exemption u/s 54F observing that entire investment in purchase of plot is in the name …
Redemption price of Sovereign Gold Bond Scheme 2017-18 – Series II due on July 28, 2025, shall be ₹9,924/- Final redemption under Sovereign Gold Bond (SGB) Scheme – Redemption Price for final redemption of SGB 2017-18 Series-II due on July 28, 2025. The Sovereign Gold Bond Scheme 2017-18 – …
