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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


Budget 2025: Key Income Tax Proposals

Income Tax : Overview of key income tax changes for non-residents, charitable trusts, and individuals, including SEP rules, fund management, an...

February 18, 2025 2685 Views 0 comment Print

Budget 2025 Synopsis: Tax Reforms & Economic Initiative

Income Tax : Budget 2025 focuses on economic growth, tax reforms, and infrastructure. Key changes include new tax rates, financial sector refor...

February 18, 2025 270 Views 0 comment Print

Tax Benefits for Parents under Income Tax Act 1961

Income Tax : Explore tax benefits available for parents under the Income Tax Act, including education, health insurance, and deductions for med...

February 18, 2025 441 Views 0 comment Print

Income Tax on Redemption of Debt Mutual Funds

Income Tax : Understand tax rules for debt mutual funds based on purchase date. Learn about slab rates, LTCG tax, indexation, and rebate eligib...

February 18, 2025 4620 Views 0 comment Print

Presumptive Income of Residents under Income Tax Bill 2025

Income Tax : Explore the implications of the New Income Tax Bill 2025, including changes to deductions and losses under Section 58(4), aimed at...

February 18, 2025 3318 Views 0 comment Print


Latest News


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 12525 Views 1 comment 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 987 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 117 Views 0 comment Print

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 8799 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 2517 Views 0 comment Print


Latest Judiciary


ITAT Pune upholds dismissal of appeal due to inordinate & unexplained delay

Income Tax : ITAT Pune dismisses Indrayani Seva Samiti's appeal due to an unexplained 8-year delay, citing lack of sufficient cause and uphold...

February 19, 2025 9 Views 0 comment Print

Cash deposits during demonetization out of earlier withdrawals cannot be added

Income Tax : ITAT Bangalore held that addition under section 69A towards cash deposits during demonetization deleted since cash deposit was mad...

February 19, 2025 15 Views 0 comment Print

Reassessment order passed without disposing objection raised by assessee not sustainable

Income Tax : ITAT Mumbai held that passing of assessment order u/s 147 r.w.s. 144B of the Act without disposing the objections raised by the as...

February 19, 2025 9 Views 0 comment Print

Cash Sales during Demonetization Accounted & Taxed Not Unexplained Income U/S 68

Income Tax : Delhi HC dismisses revenue's appeal, affirming that cash sales during demonetization, accounted for and taxed, cannot be treated a...

February 19, 2025 21 Views 0 comment Print

80IA Deduction Allowed on income from Operation of industrial park 

Income Tax : DCIT Vs K Raheja IT Park (Hyderabad) Ltd. (ITAT Mumbai) The Income Tax Appellate Tribunal (ITAT) Mumbai dismissed appeals filed by...

February 19, 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 831 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 138042 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 231 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 387 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 447 Views 0 comment Print


ICAI invites suggestions on revised formats of Form Nos. 3CA, 3CB and 3CD

August 1, 2014 5018 Views 0 comment Print

The Central Board of Direct Taxes has through, Income-tax (7th Amendment) Rules, 2014, notified new Forms of tax audit reports namely Form No. 3CA, 3CB and 3CD.The said notification can be downloaded from the link below: https://taxguru.in/income-tax/cbdt-notifies-form-3ca-3cb-3cd-format-tax-audit-report-revised.html With regard to the same, ICAI invites suggestions on the said new tax audit report formats, from the […]

Notification No. 54/2014-Income Tax Dated 31/7/2014

July 31, 2014 380 Views 0 comment Print

Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O. 2302(E), dated 3.10.2011 issued under clause (b) of the Explanation to section 35AC of the Income-tax Act, 1961 (43 of 1961), the Central Government had notified at serial number 8

Notification No. 53/2014-Income Tax Dated 31/7/2014

July 31, 2014 580 Views 0 comment Print

Notification No. 53/2014-Income Tax Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O. 2302(E) dated 3.10.2011 issued under clause (b) of the Explanation to section 35AC of the Income-tax Act, 1961 (43 of 1961), the Central Government had notified at serial number 7, “Bhaktivedanta Hospital-community Health Services” by “Sri Chaitanya Seva Trust,

Notification No. 52/2014-Income Tax Dated 31/7/2014

July 31, 2014 598 Views 0 comment Print

Notification No. 52/2014-Income Tax Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O. 1237(E), dated 28.10.2003 issued under clause (b) of the Explanation to section 35AC of the Income-tax Act, 1961 (43 of 1961), the Central Government had notified at serial number 1, “Construction of school and dispensary buildings, purchase of furniture, equipments

Notification No. 51/2014-Income Tax Dated 31/7/2014

July 31, 2014 785 Views 0 comment Print

Notification No. 51/2014-Income Tax Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O. 2302 (E), dated 3.10.2011 issued under clause (b) of the Explanation to section 35AC of the Income-tax Act, 1961 (43 of 1961), the Central Government had notified at serial number 3, “Hospital project” by “Gyan Mandal Laxmipura Group Prerit Agrogya Mandal,

Notification No. 50/2014-Income Tax Dated 31/7/2014

July 31, 2014 589 Views 0 comment Print

Notification No. 50/2014-Income Tax Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O. 2370(E), dated 3.10.2008 issued under clause (b) of the Explanation to section 35AC of the Income-tax Act, 1961 (43 of 1961), the Central Government had notified at serial number 38, “Creating and Upgradation of infrastructure facilities for advanced treatment for Cancer

Notification No. 49/2014-Income Tax Dated 31/7/2014

July 31, 2014 361 Views 0 comment Print

Notification No. 49/2014-Income Tax Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O. 4396(E), dated 12.11.2008 issued under clause (b) of the Explanation to section 35AC of the Income-tax Act, 1961 (43 of 1961), the Central Government had notified at serial number 3, “Brahmrishi Doodhadhari Burfani International Medical and Research Centre”

Notification No. 47/2014-Income Tax Dated 31/7/2014

July 31, 2014 358 Views 0 comment Print

Notification No. 47/2014-Income Tax Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O. 1084(E) dated, 11.10.2002 issued under clause (b) of the Explanation to section 35AC of the Income-tax Act, 1961 (43 of 1961), the Central Government had notified at serial number 3, “Running of Smt. Savitaben Ramanlal Dahyalal Shah Sarvajanik Hospital, Ambasan, District Mehsana, Gujarat” by “Smt. Savitaben Ramanlal Dahyalal Shah, Sarvajanik Hospital & Prashutigruh Trust, AT & PO Ambasan,

Notification No. 46/2014-Income Tax Dated 31/7/2014

July 31, 2014 394 Views 0 comment Print

Notification No. 46/2014-Income Tax Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O. 60(E), dated 22.01.2003 issued under clause (b) of the Explanation to section 35AC of the Income-tax Act, 1961 (43 of 1961), the Central Government had notified at serial number 7, “Maintenance of Animal hospital/shelters, purchase of medicine, feed, ambulances

Notification No. 45/2014-Income Tax Dated 31/7/2014

July 31, 2014 586 Views 0 comment Print

Notification No. 45/2014-Income Tax Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O. 2302(E), dated 3.10.2011 issued under clause (b) of the Explanation to section 35AC of the Income-tax Act, 1961 (43 of 1961), the Central Government had notified at serial number 9 “Bhaktivedanta Hospice” by “Sri Chaitanya Seva Trust, Bhativedanta Hospital Srishti

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