Sponsored
    Follow Us:

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


Faceless Tax Assessment: JAO vs. FAO Jurisdiction – Clash of Authorities or Administrative Reform?

Income Tax : The faceless tax assessment scheme in India faces legal disputes over jurisdiction between JAO and FAO. Learn about key court ruli...

February 22, 2025 195 Views 0 comment Print

Section 87A Controversy Continues Even After Budget 2025

Income Tax : Budget 2025 raised the Section 87A rebate limit to ₹12 lakh but restricted its use on special rate income. Learn about key chang...

February 22, 2025 4431 Views 0 comment Print

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 13773 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 762 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 105 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 5964 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 9468 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 19698 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 1095 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 156 Views 0 comment Print


Latest Judiciary


ITAT Sets Aside Demonetization Cash Deposit Order against SIM Card Business

Income Tax : ITAT Ahmedabad sets aside assessment order on demonetization cash deposits, citing natural justice violations. Case remanded for f...

February 22, 2025 18 Views 0 comment Print

ITAT Ahmedabad Remands Penalty Appeal for Fresh Adjudication for Lack of Hearing Notice

Income Tax : ITAT Ahmedabad condones delay in appeal and remands case to CIT(A) for fresh adjudication in Lahar Joshi vs. ITO. Fair hearing and...

February 22, 2025 33 Views 0 comment Print

CPC Erred in denying Loss Carry-Forward to Company Eligible for Extended Due Date U/s. 92E: ITAT Ahmedabad

Income Tax : CPC Erred in Denying Loss Carry-Forward by taking wrong due date for company entitled to extended due date under Section 92E of In...

February 22, 2025 60 Views 0 comment Print

ITAT Delhi Allows 80IC Deduction for Form 10CCB Filed Before Section 143(1) Assessment Completion

Income Tax : ITAT Delhi allows 80IC deduction as Form 10CCB was filed before completion of 143(1) proceedings, ruling procedural delay does not...

February 22, 2025 87 Views 0 comment Print

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 201 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 6003 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 7083 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 873 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 139518 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


Budget 2025: Clarity in Taxation of Unit Linked Insurance Policies (ULIPs)

February 2, 2025 1224 Views 0 comment Print

Learn about the proposed tax changes for ULIPs under Finance Bill 2025, including capital gains taxation, exemption limits, and applicability from April 2026.

Budget 2025: Amendment to Significant Economic Presence Rules

February 2, 2025 960 Views 0 comment Print

Section 9 is amended to exclude export-related transactions from significant economic presence, effective April 1, 2026, for assessment year 2026-27 onward.

Budget 2025: Rationalisation of Section 12AB Trust Registration Rules

February 2, 2025 720 Views 0 comment Print

Budget 2025 proposes amendments to Section 12AB to exclude incomplete applications from specified violations, offering relief to trusts and institutions.

Rebate Under Section 87A: Tax Benefits & Updates for FY 2025-26

February 2, 2025 7482 Views 0 comment Print

Learn about Section 87A rebate, new income limits, and tax relief updates for FY 2026-27, including increased rebates for taxpayers under the new regime.

Budget 2025: Amendment to Definition of Dividend for IFSC Treasury Centres

February 2, 2025 444 Views 0 comment Print

The proposed amendment to Section 2 of the Income-tax Act aims to clarify the treatment of loans between group entities in IFSC as non-dividend transactions.

Income Tax Rates for AY 2025-26 and 2026-27

February 2, 2025 20346 Views 0 comment Print

Overview of tax rates, surcharges, and proposed changes for FY 2025-26, including deductions, surcharge, and special provisions for various entities.

FAQs on Amendments to Block Assessment Provisions under Finance Bill 2025

February 2, 2025 600 Views 0 comment Print

Key amendments in Chapter XIV-B on block assessment, undisclosed income, and time limits under Finance Bill 2025.

Budget 2025: Time Limit for Retention of Seized Books rationalized – FAQs

February 2, 2025 318 Views 0 comment Print

Understanding the rationalization of the time limit for retention of seized books of account under Section 132(8) in Finance Bill 2025.

Clarification on Court Stay and Time Limits under Income Tax

February 2, 2025 423 Views 0 comment Print

Understanding the exclusion of time limits during Court stays in assessment proceedings under Finance Bill 2025 for Income Tax assessments.

Section 275 amended to set a six-month deadline for passing penalty orders

February 2, 2025 537 Views 0 comment Print

Finance Bill 2025 rationalizes the time-limit for imposing penalties under section 275 of the Income-tax Act, setting a uniform limit of six months.

Sponsored
Sponsored
Search Post by Date
February 2025
M T W T F S S
 12
3456789
10111213141516
17181920212223
2425262728