Tag: cbdt notification
Arm’s Length Price allowable variation limits u/s 92C notified for AY 2025-26 MINISTRY OF FINANCE(Department of Revenue) Notification No.157/2025 New Delhi, the 6th November, 2025 Income Tax S.O. 5053(E).— In exercise of the powers conferred by the third proviso to sub-section (2) of section 92C of the Income-tax …
CBDT has issued Notification No. 155/2025 dated 27.10.2025 authorising Commissioner of Income Tax, Centralized Processing Centre, Bengaluru to pass rectification order u/s 154 of the Income Tax Act, 1961 (the Act) in all the cases where the orders have been passed through the interface between Assessing Officer and …
Amendment to Income Tax Rule 2DCA – Income-tax (Twenty-Fifth Amendment) Rules, 2025 Income Tax Rule 2DCA was introduced by the Central Board of Direct Taxes (CBDT)via Notification No. 50/2022 (dated 6 May 2022). It lays out the methodology for computing minimum investment and exempt income under clause (23FE) …
CBDT amends threshold of salaries and gross total income in respect of certain perquisites CBDT has notified Income tax (Twenty Second Amendment) Rules, 2025 vide Notification No. 133/2025 dated 18.08.2025 amending the rules relating to taxability of certain perquisites in the hands of employees. As per section 17(2)(iii) …
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 …
CBDT notifies IREDA Five Years Bonds for exemption under section 54EC of the Income Tax Act, 1961. Section 54EC of the Income Tax Act, 1961 provides exemption from capital gains tax when long-term capital gains (LTCG) from the sale of land or building (or both) are invested in …
CBDT has notified Cost Inflation Index for Financial Year FY 2025-26 CBDT has notified “376” as Cost Inflation Index for FY 2025-26. The increase in CII for FY 2025-26 is only 3.58% or 13 points from 363 to 376 as compared increase of 4.31% or 15 points in …
CBDT has notified ITR-U (Updated return of Income) u/s 139(8A) for Assessment Year 2025-26. CBDT has notified ITR-U (Updated return of Income) under section 139(8) of the Income Tax Act, 1961 (the Act) for Assessment Year 2025-26. Section 139(8A) of the Act provides that any person (whether or …
CBDT notifies PDF format of ITR-7 for AY 2025-26 CBDT has notified PDF format of ITR-7 for AY 2025-26 applicable for persons including companies required to furnish return under sections 139(4A) or 139(4B) or 139(4C) or 139(4D) Ministry of FinanceDepartment of RevenueCentral Board of Direct Taxes Notification No. …
CBDT notifies format of ITR-V and Income Tax Return Acknowledgement for AY 2025-26 MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) Notification No. 45/2025 New Delhi, the 7th May, 2025 G.S.R. 294(E).— In exercise of the powers conferred by section 139 read with section 295 …
