Condonation of Delay for Filing Electronic Form 10AB Under Section 80G(5) CONDONATION OF DELAY IN FILING FORM NO. 10AB ELECTRONICALLY FOR APPROVAL UNDER CLAUSE (ii) OF THE FIRST PROVISO TO SECTION 80G(5) OF THE INCOME-TAX ACT, 1961 CIRCULAR NO. 6/2026 [F. NO. 300176/3/2026-ITA-I], DATED 2-7-2026 Section 80G of the Income-tax Act, 1961 (“the Act”) provides for deduction in… Read More »
Cash Transaction Limits Under the Income Tax Bill 2025 The Income Tax Bill 2025 introduces significant changes to cash transaction limits in India. This video provides a comprehensive overview of the new rules, covering: Restrictions on cash receipts (₹2 lakh limit) Limits on cash expenses for businesses (₹10,000/₹35,000) Rules for accepting and repaying loans in… Read More »
New Income Tax Act 2025: update New Income Tax Bill 2025 : Tabled In parliament on 13th Feb 2025 New TDS and TCS Rules from 1st April 2025 New Section 194T Income Tax Act from 01.04.2025 : TDS on Payments to Partners Clubbing of Income under the Indian Income Tax Act 1961 ITR Filing 2025… Read More »
Government of India Directorate of Income Tax (HRD) Central Board of Direct Taxes 2nd Floor, Jawaharlal Nehru Stadium, Gate-1, New Delhi-110003 F. No. HRD/AD/953/1/2019-20/8434 Date: 03.03.2020 ORDER With the approval of Competent Authority following Committee is formulated to look into the existing Transfer/Placement Guidelines for IRS officers. The Department has undergone comprehensive restructuring and with including… Read More »
The income tax department has announced that the ITR-5 for filing this year would be updated soon to compute long term capital gain on the sale of equity shares or unit of equity oriented fund or unit of business trust on which STT is paid. “In case of long term capital gains (LTCG) arising on… Read More »