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Income Tax

Get all latest income tax news, act, article, notification, circulars, instructions, slab on Taxguru.in. Check out excel calculators budget 2017 ITR, black money, tax saving tips, deductions, tax audit on income tax.

Latest Articles


TDS Rates Chart for FY 2025-26 (AY 2026-27)

Income Tax : Understand the updated TDS rates for FY 2025-26 (AY 2026-27). Comprehensive chart covering salary, interest, dividends, rent, and ...

February 21, 2025 3378 Views 0 comment Print

Provisions related to Revised Tax Slab in Budget 2025 for Individuals

Income Tax : Budget 2025 revises income tax slabs, making ₹4,00,000 tax-free. New rates range up to 30% for income above ₹24,00,000. Key de...

February 21, 2025 492 Views 0 comment Print

Will Income Tax Bill, 2025 AID Economic Growth Momentum of India?

Income Tax : Income tax bill, 2025 aims to replace Income Tax Act, 1961, simplifying tax laws. Questions arise about its impact on revenue, lit...

February 21, 2025 72 Views 0 comment Print

Income Tax Bill 2025: Provisions Relating to TDS & TCS

Income Tax : Income Tax Bill 2025 introduces changes to TDS, TCS, and LRS provisions, raising threshold limits and reducing compliance burdens....

February 21, 2025 5253 Views 0 comment Print

Delhi High Court Rules on Technical Services in International Logistics

Income Tax : CIT International Tax- 1 Vs Expeditors International of Washington INC (Delhi High Court); ITA 202/2022; Dated: 13/02/2025 In a si...

February 21, 2025 144 Views 0 comment Print


Latest News


Include ‘Cost Accountant’ in definition of ‘Accountant’ under Income Tax Bill 2025: ICMAI

Income Tax : The Institute of Cost Accountants of India seeks inclusion of Cost Accountants in the definition of "Accountant" under Section 515...

February 21, 2025 4089 Views 0 comment Print

Key Highlights of Finance Bill 2025: Income Tax Changes

Income Tax : Explore the Finance Bill 2025 highlights, including revised tax rates, TDS/TCS amendments, ULIP taxation, and updated rules for sa...

February 19, 2025 9306 Views 0 comment Print

ICMAI on Non-inclusion of ‘Cost Accountant’ in Income Tax Bill 2025

Income Tax : ICMAI addresses the non-inclusion of 'Cost Accountant' in the Income Tax Bill 2025. The Council is engaging with policymakers to e...

February 17, 2025 19674 Views 3 comments Print

50 Corrections in Income-tax Bill, 2025: Lok Sabha Update

Income Tax : Lok Sabha issues corrigenda for the Income-tax Bill, 2025, correcting references, formatting, and legal citations. Read the key am...

February 15, 2025 1089 Views 0 comment Print

KSCAA Seeks Clarity on Eligibility of Appeals with Delay Condonation under VSVS

Income Tax : KSCAA's representation to CBDT highlights challenges in the Vivad Se Vishwas Scheme 2024, focusing on delayed appeals and suggesti...

February 15, 2025 153 Views 0 comment Print


Latest Judiciary


Before 01.04.2014 Agricultural Land Distance to Be Measured by Road: Bombay HC

Income Tax : Bombay HC rules in CIT vs. Nitish Chordia that agricultural land distance must be measured by road, not aerial view, impacting cap...

February 21, 2025 27 Views 0 comment Print

Agricultural Land Capital Gains: Municipal Limits as per notification on Sale date

Income Tax : ITAT Surat rules that for capital gains tax on agricultural land, municipal limits are determined by notification in force at the...

February 21, 2025 39 Views 0 comment Print

Taxability of Pre-Commencement Interest: ITAT Delhi restores case to CIT(A)

Income Tax : ITAT remands case regarding taxability of interest income earned before business commencement, citing need for fresh adjudication ...

February 21, 2025 57 Views 0 comment Print

Reassessment Notice U/s 148 Post Company’s IBC Resolution Plan legally untenable

Income Tax : Bombay High Court rules reassessment proceedings against Alok Industries invalid post-resolution plan approval under IBC, citing S...

February 21, 2025 30 Views 0 comment Print

ITAT Upholds Unexplained Cash Deposit Addition for Taxpayer’s Failure to discharge Burden of Proof

Income Tax : ITAT Jaipur dismisses Bansi Lal's appeal, upholding additions for unexplained bank deposits and interest income. Tribunal cites l...

February 21, 2025 33 Views 0 comment Print


Latest Notifications


All about Income Tax / TDS Deduction from Salaries for FY 2024-25

Income Tax : Key updates on income tax deduction from salaries under Section 192 for FY 2024-25, including amendments, surcharge rates, and new...

February 21, 2025 4998 Views 0 comment Print

CBDT extends Due Date for Filing Form 56F for AY 2024-25

Income Tax : CBDT extends the due date for filing Form 56F under Section 10AA(8) and 10A(5) of the Income-tax Act, 1961, to March 31, 2025, for...

February 19, 2025 6795 Views 0 comment Print

Punjab RERA Notified for Income Tax Exemption under Section 10(46A)(b)

Income Tax : The Central Government notifies Punjab RERA for tax exemption under Section 10(46A) of the Income-tax Act, effective from the 2024...

February 13, 2025 870 Views 0 comment Print

Govt released Income-Tax Bill, 2025 (Download)

Income Tax : The Indian government is set to introduce the new Income Tax Bill, 2025, in the Lok Sabha on February 13, 2025. This comprehensive...

February 12, 2025 139431 Views 5 comments Print

Income Tax Act: Bhaikaka University Approved for Research

Income Tax : Bhaikaka University, Gujarat, is approved for scientific research under Section 35(1)(ii) of the Income Tax Act, 1961, effective f...

February 11, 2025 255 Views 0 comment Print


Income Tax Bill 2025: Executive Summary on Income Tax Act Simplification

February 13, 2025 2700 Views 0 comment Print

Income-Tax Bill 2025 simplifies tax laws by reducing sections, chapters, and words while ensuring no policy or tax rate changes. Key details on the new framework.

New Income Tax Bill 2025: FAQs on Key Changes

February 13, 2025 8187 Views 0 comment Print

Understand key changes in proposed Income Tax Bill 2025. This FAQ covers definitions, tax year, non-profits, exemptions, salary, house property and business income provisions.

New Income Tax Bill 2025: General FAQs and Broad Scope

February 13, 2025 7122 Views 0 comment Print

Learn about the simplification, stakeholder consultation, and structural reforms in the new Income-Tax Bill aimed at reducing redundancy and enhancing clarity.

New Income-Tax Bill 2025: Section Mapping & Updates

February 13, 2025 2634 Views 0 comment Print

Explore the section mapping of the New Income-Tax Bill 2025, comparing provisions with the Income-Tax Act, 1961. See key changes, omissions, and updates.

Comparative Analysis: Income Tax Act 1961 vs. Income Tax Bill 2025

February 13, 2025 24537 Views 0 comment Print

A detailed comparison of key provisions in the Income Tax Act, 1961, and the proposed Income Tax Bill, 2025, highlighting major changes and updates.

Allahabad HC Quashes Section 154 Orders for Laconic Reasoning, Natural Justice Breach

February 13, 2025 489 Views 0 comment Print

Allahabad HC quashes two Section 154 tax orders, citing laconic reasoning and violation of natural justice. Fresh hearing ordered.

Unexplained Cash Credits & Section 68: Tax & Legal Aspects

February 13, 2025 939 Views 1 comment Print

Learn about unexplained cash credits under Section 68, tax implications, key legal cases, and compliance requirements to avoid penalties and litigation risks.

SC: Govt. Grant Interest Taxable (SLP Dismissed)

February 13, 2025 312 Views 0 comment Print

Supreme Court dismisses Bihar Police Building Construction Corporation’s tax appeal due to significant delay.

Interest on Govt. Grants Taxable as Income From Other Sources: Patna HC

February 13, 2025 291 Views 0 comment Print

Patna High Court rules interest earned on government grants for construction is taxable income, not capital receipt.

SC dismisses ACIT’s appeal against reassessment due to delay & lack of merit

February 13, 2025 1080 Views 0 comment Print

Supreme Court dismisses tax case due to delay and lack of merit. Bombay High Court quashes reassessment notice against Teleperformance, citing flawed approval process.

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