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


Unmasking Tax Evasion Through Agricultural Income: An Analysis

Income Tax : An in-depth analysis of how agricultural income tax exemptions are used for evasion, with suggestions to curb misuse and protect s...

April 16, 2025 234 Views 0 comment Print

Global Tax Avoidance: Double Irish, Dutch Sandwich

Income Tax : Explore how MNCs used the Double Irish & Dutch Sandwich strategy to avoid taxes and the global efforts made to close these loophol...

April 15, 2025 327 Views 0 comment Print

Amendment in Section 143(1) of Income Tax Act, 1961

Income Tax : The 2025 amendment in Section 143(1) of the Income Tax Act introduces new compliance requirements. Taxpayers must ensure consisten...

April 14, 2025 2535 Views 0 comment Print

Presumptive Taxation Scheme for Professionals: Benefits & Misconceptions

Income Tax : To give relief to small taxpayers from tedious job of maintaining of books of account and getting accounts audited, Income-tax Act...

April 14, 2025 3897 Views 4 comments Print

Section 87A Rebate & LTCG Tax under section 112A for FY 2024-25

Income Tax : Understand income tax rebate u/s 87A and LTCG tax u/s 112A under the new tax regime for FY 2024-25 with calculation rules, limits,...

April 12, 2025 3192 Views 2 comments Print


Latest News


ITAT enables e-filing and virtual hearings

Income Tax : ITAT enables e-filing and virtual hearings; over 26,000 e-filings and 1.22 lakh video hearings conducted till Feb 2025, per Minist...

April 5, 2025 2211 Views 1 comment Print

Exemption From Income Tax on Annual Income Up To ₹12 Lakh

Income Tax : The Finance Bill 2025 proposes tax exemption on income up to ₹12 lakh, revised tax slabs, and a ₹75,000 standard deduction for...

April 3, 2025 1875 Views 1 comment Print

Corporate Tax Concessions in India: Key Deductions & Impact

Income Tax : A summary of corporate tax concessions in India, including key deductions, exemptions, and revenue impact from 2021-24 under the I...

April 3, 2025 282 Views 0 comment Print

Supplementary FAQs for Finance Bill, 2025

Income Tax : Get insights on key amendments in the Income-tax Act, 1961, including changes to Sections 9A, 44BBD, 10(10D), and 158BB under the ...

March 26, 2025 5919 Views 0 comment Print

Challenges and Solutions for Junior Income Tax Assessment Officers

Income Tax : JAOs face workload imbalances, limited manpower, and systemic issues post-Faceless Assessment Scheme. Suggestions for better resou...

March 26, 2025 273 Views 0 comment Print


Latest Judiciary


ITAT Delhi quashes reassessment order as Section 148 notice sent to wrong email ID

Income Tax : ITAT Delhi quashes reassessment order against Nitin Jain due to invalid service of notice under Section 148, sent to the wrong em...

April 16, 2025 114 Views 0 comment Print

ITAT Jaipur Remands Capital Gains Case to AO for Fresh Hearing

Income Tax : ITAT Jaipur allows Ashok Kumar Jain's appeal for statistical purposes, remanding capital gains issue to AO for reconsideration wit...

April 16, 2025 63 Views 0 comment Print

Bombay HC Declines to Quash Reassessment Notice citing incomplete information

Income Tax : Bombay High Court declines to quash reassessment notice against Sanjay Patel, citing incomplete information and liberty to appeal....

April 16, 2025 456 Views 0 comment Print

Gujarat HC Quashes Section 148 Notice Following ITAT Deletion of Prior Year Addition

Income Tax : Gujarat High Court quashes Income Tax notice u/s 148 and order u/s 148A(d) against Ammann India, citing non-consideration of ITAT ...

April 16, 2025 186 Views 0 comment Print

ITAT Quashes Assessments Over Common & Mechanical Approvals for Multiple Years

Income Tax : ITAT Delhi quashes assessment orders against Splendor Landbase and its director, faulting the JCIT's mechanical approval under Sec...

April 16, 2025 138 Views 0 comment Print


Latest Notifications


ITO doesn’t have jurisdiction to issue notice to NRI: ITAT Chandigarh

Income Tax : ITAT Chandigarh held that ITO Ward-3(1), Chandigarh had no jurisdiction to issue notice to an NRI and hence consequently the asses...

April 11, 2025 4233 Views 0 comment Print

CBDT notifies ITR-B for Income Tax Block Search Assessment Return

Income Tax : CBDT introduces ITR-B for search and seizure cases under section 158BC of the Income Tax Act, effective from 1st September 2024....

April 9, 2025 2967 Views 0 comment Print

CBDT Sets 30th April 2025 as Deadline for Vivad Se Vishwas Declarations

Income Tax : CBDT sets 30 April 2025 as the last date to file declarations under the Direct Tax Vivad se Vishwas Scheme, 2024....

April 9, 2025 2211 Views 0 comment Print

HUDCO Bonds Notified as Long-Term Assets for Section 54EC

Income Tax : HUDCO bonds issued after April 1, 2025, notified as long-term assets under Section 54EC for capital gains exemption, usable for in...

April 9, 2025 4482 Views 0 comment Print

CBDT notifies Income Tax Exemption for Prayagraj Mela Pradhikaran

Income Tax : CBDT grants tax exemption to Prayagraj Mela Pradhikaran under section 10(46A) of the Income-tax Act, effective from assessment yea...

April 8, 2025 150 Views 0 comment Print


Latest Posts in Income Tax

ITAT Delhi quashes reassessment order as Section 148 notice sent to wrong email ID

April 16, 2025 114 Views 0 comment Print

ITAT Delhi quashes reassessment order against Nitin Jain due to invalid service of notice under Section 148, sent to the wrong email ID.

ITAT Jaipur Remands Capital Gains Case to AO for Fresh Hearing

April 16, 2025 63 Views 0 comment Print

ITAT Jaipur allows Ashok Kumar Jain’s appeal for statistical purposes, remanding capital gains issue to AO for reconsideration with due process.

Unmasking Tax Evasion Through Agricultural Income: An Analysis

April 16, 2025 234 Views 0 comment Print

An in-depth analysis of how agricultural income tax exemptions are used for evasion, with suggestions to curb misuse and protect small farmers.

Auto Income Tax Calculator for FY 2025-26

April 16, 2025 71181 Views 2 comments Print

Use the Income Tax Calculator for FY 2025-26 to compare old and new tax regimes, calculate TDS, and generate Form-16 easily.

Bombay HC Declines to Quash Reassessment Notice citing incomplete information

April 16, 2025 456 Views 0 comment Print

Bombay High Court declines to quash reassessment notice against Sanjay Patel, citing incomplete information and liberty to appeal.

Gujarat HC Quashes Section 148 Notice Following ITAT Deletion of Prior Year Addition

April 16, 2025 186 Views 0 comment Print

Gujarat High Court quashes Income Tax notice u/s 148 and order u/s 148A(d) against Ammann India, citing non-consideration of ITAT order.

ITAT Quashes Assessments Over Common & Mechanical Approvals for Multiple Years

April 16, 2025 138 Views 0 comment Print

ITAT Delhi quashes assessment orders against Splendor Landbase and its director, faulting the JCIT’s mechanical approval under Section 153D.

ITAT Delhi Upholds CIT’s Order for Fresh Assessment Over Unverified Cash Deposits

April 16, 2025 501 Views 0 comment Print

ITAT Delhi dismisses Ankush Garg’s appeal, upholding CIT’s order for fresh assessment due to lack of inquiry on cash deposits.

Perfunctory or mechanical approvals under Section 151 are invalid: ITAT Delhi

April 16, 2025 288 Views 0 comment Print

ITAT Delhi cancels reassessment in Jagbir Singh’s case due to invalid approval under Section 151. Legal jurisdiction under Section 147 found to be flawed.

Legal Error Ignoring Binding SC Judgment Cannot Be Corrected Through Appellate Remedies

April 16, 2025 282 Views 0 comment Print

Kerala High Court quashes IT assessment for Poonjar Service Co-operative Bank and directs reassessment following Supreme Court’s Mavilayi ruling.

Sponsored
Sponsored
Search Post by Date
April 2025
M T W T F S S
 123456
78910111213
14151617181920
21222324252627
282930