Category Archives: Income Tax

Clarification Regarding Taxation of ‘Alternate Investment Funds’ having status of non-charitable trusts under the Income-Tax Act, 1961

  Government of India, Ministry of Finance, Department of Revenue (Central Board of Direct Taxes) vide its Circular No. 13/2014 dated 28th July, 2014 clarified the following: The SEBI (Alternative Investment Funds) Regulations, 2012 (‘AIF Regulations’) vide Regulation No. 4 … Continue reading

Posted in Income Tax | Tagged , , | Leave a comment

Income-tax (7th Amendment) Rules, 2014 (Substitution of Form Nos 3CA, 3CB and 3CD)

  Government of India, Ministry of Finance, Department of Revenue [Central Board of Direct Taxes] vide its notification no. 33/2014-IT dated 25th July 2014, under section 295 read with section 44AB of the Income-tax Act, 1961 (43 of 1961), hereby … Continue reading

Posted in Income Tax | Tagged , , | 2 Comments

Wealth‐tax (1st Amendment) Rules, 2014 (Inclusion of Form No BB)

  Government of India, Ministry of Finance, Department of Revenue [Central Board of Direct Taxes] vide its notification no. 32/2014-IT dated 23rd June 2014 hereby makes the following rules further to amend the Wealth‐tax Rules, 1957, under clause (ba) and … Continue reading

Posted in Income Tax | Tagged , , , | Leave a comment

Amendment in Notification no. S.O. 709 (E) dated 20th August 1998, regarding Cost Inflation Index

  Government of India, Ministry of Finance, Department of Revenue [Central Board of Direct Taxes] vide its notification no. 31/2014-IT dated 11th June 2014 hereby makes the following amendment in the notification of the Government of India in the Ministry … Continue reading

Posted in Income Tax | Tagged , , | Leave a comment

Notification of “Sivasuriyaperuman Temple, Suriyanarkoil, Thriuvaidaimarudur Taluk, Thanjavur District, Tamil Nadu”, as to be a place of public worship u/s 80G of the Income-tax Act, 1961

  Government of India, Ministry of Finance, Department of Revenue [Central Board of Direct Taxes] vide its notification no. 29/2014-IT dated 03rd June 2014 hereby notifies “Sivasuriyaperuman Temple, Suriyanarkoil, Thriuvaidaimarudur Taluk, Thanjavur District, Tamil Nadu”, to be a place of … Continue reading

Posted in Income Tax | Tagged , , , | Leave a comment

Income Tax (6th Amendment) Rule 2014. Substitution of Form ITR3, ITR4, ITR5, ITR6 and ITR7

  Government of India, Ministry of Finance, Department of Revenue [Central Board of Direct Taxes] vide its notification no. 28/2014-IT dated 30th May 2014 under section 295 of the Income-tax Act, 1961 (43 of 1961), hereby makes the following rules … Continue reading

Posted in Income Tax | Tagged , , , , , , | Leave a comment

Notification of M/s Temad, Iran for the sale of Codeine Phosphate under clause 48 of Section 10 of Income Tax Act 1961

  Government of India, Ministry of Finance, Department of Revenue, Central Board of Direct Taxes vide its notification no. 27/2014 dated 23rd May 2014 under clause (48) of section 10 of the Income-tax Act, 1961 (43 of 1961), hereby notifies … Continue reading

Posted in Income Tax | Tagged , , , | Leave a comment