Daily Archives: August 17, 2026

SECTION 10(46A) OF THE INCOME-TAX ACT, 1961

By | August 17, 2026
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SECTION 10(46A) OF THE INCOME-TAX ACT, 1961 – EXEMPTIONS – STATUTORY BODY/AUTHORITY/BOARD/TRUST/COMMISSION – NOTIFIED BODY OR AUTHORITY NOTIFICATION S.O. 3203(E) [NO. 114 /2025/F. NO. 196/23/2014-ITA-I(PT.1)], DATED 14-7-2025 In exercise of the powers conferred by clause (46) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies for the purposes of… Read More »

CBDT initiates verification drive against individuals/entities claiming fake deductions in ITR

By | August 17, 2026
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CBDT initiates verification drive against individuals/entities claiming fake deductions in ITR PRESS RELEASE, DATED 14-7-2025 The Income Tax Department initiated a large-scale verification operation across multiple locations in the country on 14th July 2025, targeting individuals and entities facilitating fraudulent claims of deductions and exemptions in Income Tax Returns (ITRs). This action follows a detailed analysis… Read More »