Tag Archives: CENTRAL BOARD OF DIRECT TAXES

Notification u/s 45(3)(a)(i) r.w.s 45(4)(b) of the Income Tax Act, 2025 in the case of University of Hyderabad

By | June 29, 2026
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Notification u/s 45(3)(a)(i) r.w.s 45(4)(b) of the Income Tax Act, 2025 in the case of University of Hyderabad The Gazette of India CG-DL-E-25062026-273844 EXTRAORDINARY PART II—Section 3—Sub-section (ii) PUBLISHED BY AUTHORITY No. 3320] NEW DELHI, THURSDAY, JUNE 25, 2026/ASHADHA 4, 1948 MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi,… Read More »

Adjusting a current refund against an older tax demand despite a subsisting stay is illegal.

By | June 25, 2026
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Adjusting a current refund against an older tax demand despite a subsisting stay is illegal. Issue Whether the Income Tax Department is legally justified in adjusting a valid tax refund determined for a subsequent year (AY 2025-26) against an outstanding, disputed tax demand of a prior year (AY 2018-19) for which an active interim stay… Read More »

New Cash Transaction Limits Under the Income Tax Act 2025

By | February 16, 2025
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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 »

Equalisation levy jurisdiction officer is AO working in Pr. Chief CIT (International Taxation) region

By | April 13, 2020
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Equalisation levy jurisdiction officer is AO working in Pr. Chief CIT (International Taxation) region Equalisation levy jurisdiction officer is AO working in Pr. Chief CIT (International Taxation) region as per following Notification MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 20th March, 2020 (INCOME TAX) S.O. 1189(E).— In… Read More »