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


New Income Tax Bill 2025 – Key Takeaways

Income Tax : Explore the key takeaways of the New Income Tax Bill 2025, including structural changes, simplified provisions, and updates in tax...

February 13, 2025 8379 Views 0 comment Print

An Overview of New Income Tax Bill, 2025

Income Tax : New Income Tax Bill 2025, replacing the 1961 act, focuses on simplification and clarity. Learn about the key changes and retained...

February 13, 2025 2061 Views 0 comment Print

Income Tax 1961 vs Income Tax Bill, 2025: Key Changes in Tax Provisions

Income Tax : A comparative analysis of Income Tax Act 1961 vs Income Tax Bill 2025, highlighting key changes in salary, capital gains, house pr...

February 13, 2025 14478 Views 0 comment Print

New Income Tax Bill 2025: FAQs on Key Changes

Income Tax : Understand key changes in proposed Income Tax Bill 2025. This FAQ covers definitions, tax year, non-profits, exemptions, salary, h...

February 13, 2025 3909 Views 0 comment Print

New Income Tax Bill 2025: General FAQs and Broad Scope

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

February 13, 2025 4965 Views 0 comment Print


Latest News


Webinar on Critical Issues in Faceless Assessments under Income Tax Act, 1961

Income Tax : Join our webinar on Faceless Tax Assessments under the Income Tax Act, 1961. Learn concepts, challenges, and solutions from expert...

February 14, 2025 3414 Views 0 comment Print

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

Income Tax : Income-Tax Bill 2025 simplifies tax laws by reducing sections, chapters, and words while ensuring no policy or tax rate changes. K...

February 13, 2025 1317 Views 0 comment Print

New Income-Tax Bill 2025: Section Mapping & Updates

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

February 13, 2025 1131 Views 0 comment Print

Income Tax Return Filings in India: Trends and Government Measures

Income Tax : Analysis of income tax return filings in India over five years, including trends, zero-tax cases, and government initiatives to en...

February 12, 2025 207 Views 0 comment Print

Impact of Supreme Court Judgement On HUF Tax Benefits

Income Tax : Government addresses Supreme Court judgment on tax exemptions for clergy and its implications on Hindu Undivided Families (HUFs) u...

February 12, 2025 711 Views 0 comment Print


Latest Judiciary


Ex-Parte Order Set Aside: ITAT Remands Surrendered Income addition Case

Income Tax : ITAT Chandigarh sets aside ex-parte order against Karam Chand Sweets, remanding the case to CIT(A) for fresh hearing on merits. As...

February 14, 2025 18 Views 0 comment Print

Absence of Assessment Order: HC Allows Rectification Opportunity & Restores appeal for Denial of Hearing

Income Tax : Kerala High Court sets aside income tax orders against Kerala Minerals & Metals due to lack of opportunity for a hearing. Case rem...

February 14, 2025 24 Views 0 comment Print

ITAT Orders Reassessment of Post-Demonetization Cash Deposits

Income Tax : Bangalore ITAT remands case for reassessment of post-demonetization cash deposits by a bar & restaurant owner, directing AO to ver...

February 14, 2025 27 Views 0 comment Print

Deceased Assessee Case: ITAT Remands for Fresh Hearing

Income Tax : ITAT Bangalore remands case where order was passed in name of deceased assessee. Case sent back to CIT(A) for fresh adjudication w...

February 14, 2025 33 Views 0 comment Print

Section 276C Complaint Cannot Be Quashed at Initial Stage: J&K Ladakh HC

Income Tax : The Jammu & Kashmir HC refused to quash tax evasion charges against Surinder Nath Jain & others, ruling that the case should proce...

February 14, 2025 30 Views 0 comment Print


Latest Notifications


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 171 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 132009 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 192 Views 0 comment Print

Income Tax Act: Section 285 Notification for Liaison Office Statement Filing

Income Tax : Notification No. 14/2025 updates Form 49C submission rules for liaison offices under the Income-Tax Act. Filing deadline set to 8 ...

February 10, 2025 333 Views 0 comment Print

Income-Tax Rule 2F Amended for Infrastructure Debt Funds

Income Tax : CBDT amends Income-Tax Rules, 1962, updating regulations for Infrastructure Debt Funds, including investment criteria, bond issuan...

February 7, 2025 348 Views 0 comment Print


Pending Tax Demand not Justify Section 197 Lower TDS application Rejection

October 27, 2024 471 Views 0 comment Print

Patna High Court rules on TDS application under Section 197, stating pending tax demand does not justify summary rejection by Assessing Officer.

Interest payments to China Development Bank exempt under India-China DTAA: Delhi HC

October 27, 2024 195 Views 0 comment Print

CDB qualifies as a financial institution wholly owned by Government of China, thereby making interest payments exempt from taxation under amended provisions of DTAA.

No Section 271(1)(c) penalty if Quantum Addition Is deleted: ITAT Cuttack

October 27, 2024 504 Views 0 comment Print

ITAT Cuttack dismisses revenue’s appeal, upholding CIT(A)’s decision to delete ₹3.08 crore penalty as the underlying quantum addition no longer exists.

ITAT Deletes ₹16.80 Lakh Addition for SBN Deposits from Liquor Sales

October 27, 2024 387 Views 0 comment Print

Bibekananda Pradhan appeals against CIT(A)’s order; ITAT finds cash deposits during demonetization reasonable, deletes ₹16,80,000 addition.

ITAT sets aside Ex-Parte Addition Due to Assessee’s Illness, Husband’s Death; Remands Case to CIT(A)

October 27, 2024 303 Views 0 comment Print

ITAT Chandigarh sets aside ₹29.5 lakh addition against Bachan Kaur, allowing a fresh hearing due to her illness and husband’s death.

Duplicate Appeal Against Geojit Financial Dismissed by ITAT

October 27, 2024 177 Views 0 comment Print

ITAT Cochin dismisses duplicate appeal filed by Revenue against Geojit Financial Services Ltd. for AY 2018-19, ruling it as infructuous and not maintainable.

ITAT allows Appeal Withdrawal as Fresh Section 12AB Registration Application Filed  

October 27, 2024 381 Views 0 comment Print

ITAT Ahmedabad dismisses Yug Nirman Gayatri Parivar Trust’s appeal for 12A registration after withdrawal due to fresh application for registration under Section 12AB.

CBDT Circulars Cannot Override Income Tax Act: Punjab & Haryana HC

October 27, 2024 564 Views 0 comment Print

Punjab & Haryana HC rules CBDT circulars can’t override the Income Tax Act provisions, setting aside reassessment notices for failing to follow statutory procedures.

CIT(A) referenced wrong facts and findings: ITAT directs Fresh Adjudication

October 27, 2024 264 Views 0 comment Print

ITAT Restores Case to CIT(A) as CIT(A) inadvertently referenced facts and findings not present in the assessment order, leading to discrepancies in the appellate review.

P&H HC Invalidates Section 148 Notices for Lack of Faceless Assessment

October 27, 2024 852 Views 0 comment Print

Punjab & Haryana HC sets aside IT Act notices issued without faceless assessment, reaffirming adherence to statutory provisions in Bhartiya Cottex case.

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